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IWRD.L vs. IGF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWRD.L vs. IGF

Last updated Jun 5, 2026

IWRD.L (iShares MSCI World UCITS) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - IWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index. Both are passively managed. Over the past 10 years, IWRD.L returned 13.59%/yr vs 9.11%/yr for IGF. A 0.51 correlation means they provide meaningful diversification when combined. IWRD.L charges 0.50%/yr vs 0.39%/yr for IGF.

Performance

IWRD.L vs. IGF - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World UCITS (IWRD.L) and iShares Global Infrastructure ETF (IGF). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWRD.L is traded in GBp, while IGF is traded in USD. To make them comparable, the IGF values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWRD.L achieves a 9.97% return, which is significantly higher than IGF's 9.18% return. Over the past 10 years, IWRD.L has outperformed IGF with an annualized return of 13.59%, while IGF has yielded a comparatively lower 9.11% annualized return.

IWRD.L

1D
0.10%
1M
5.04%
YTD
9.97%
6M
10.17%
1Y
26.86%
3Y*
17.32%
5Y*
12.72%
10Y*
13.59%

IGF

1D
0.63%
1M
-0.98%
YTD
9.18%
6M
8.03%
1Y
17.67%
3Y*
13.42%
5Y*
11.48%
10Y*
9.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.L vs. IGF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWRD.L
iShares MSCI World UCITS		9.97%12.34%20.62%17.33%-8.62%23.21%11.80%22.77%-4.02%11.65%
IGF
iShares Global Infrastructure ETF		9.18%12.66%16.82%0.84%10.49%12.63%-9.24%21.04%-4.61%8.99%

Correlation

The correlation between IWRD.L and IGF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Dec 13, 2007

0.51

Over the past year, the correlation between IWRD.L and IGF has dropped to 0.23 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

IWRD.L vs. IGF - Sectors Allocation Comparison

Sectors
IWRD.L
IGF

Technology

30.0%

-

Financial Services

15.4%

-

Industrials

10.8%
38.8%

Communication Services

9.2%

-

Consumer Cyclical

9.0%

-

Healthcare

8.7%

-

Consumer Defensive

5.3%

-

Energy

4.2%
20.1%

Basic Materials

3.2%

-

Utilities

2.5%
41.1%

Real Estate

1.8%
0.1%

Technology

IWRD.L
30.0%
IGF

-

Financial Services

IWRD.L
15.4%
IGF

-

Industrials

IWRD.L
10.8%
IGF
38.8%

Communication Services

IWRD.L
9.2%
IGF

-

Consumer Cyclical

IWRD.L
9.0%
IGF

-

Healthcare

IWRD.L
8.7%
IGF

-

Consumer Defensive

IWRD.L
5.3%
IGF

-

Energy

IWRD.L
4.2%
IGF
20.1%

Basic Materials

IWRD.L
3.2%
IGF

-

Utilities

IWRD.L
2.5%
IGF
41.1%

Real Estate

IWRD.L
1.8%
IGF
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World UCITS

iShares Global Infrastructure ETF

Often compared with IWRD.L:
IWRD.L vs. SWRD.ASIWRD.L vs. URTHIWRD.L vs. VWRL.LIWRD.L vs. HMWO.LIWRD.L vs. ACNIWRD.L vs. VTIWRD.L vs. DEM.L
Often compared with IGF:
IGF vs. IFRAIGF vs. GIIIGF vs. NFRAIGF vs. SPYIGF vs. GLIFXIGF vs. VPUIGF vs. XLU

Return for Risk

IWRD.L vs. IGF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWRD.L
IWRD.L Risk / Return Rank: 8181
Overall Rank
IWRD.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
IWRD.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
IWRD.L Omega Ratio Rank: 8383
Omega Ratio Rank
IWRD.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
IWRD.L Martin Ratio Rank: 8282
Martin Ratio Rank
IGF
IGF Risk / Return Rank: 4949
Overall Rank
IGF Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
IGF Sortino Ratio Rank: 4646
Sortino Ratio Rank
IGF Omega Ratio Rank: 4545
Omega Ratio Rank
IGF Calmar Ratio Rank: 5858
Calmar Ratio Rank
IGF Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWRD.L vs. IGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and iShares Global Infrastructure ETF (IGF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

IWRD.LIGFDifference
Sharpe ratioReturn per unit of total volatility
2.60
1.85

+0.75

Sortino ratioReturn per unit of downside risk
3.57
2.60

+0.97

Omega ratioGain probability vs. loss probability

1.50

1.32

+0.18

Calmar ratioReturn relative to maximum drawdown

4.07

3.48

+0.59

Martin ratioReturn relative to average drawdown

16.12

9.20

+6.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWRD.L vs. IGF - Sharpe Ratio Comparison

The current IWRD.L Sharpe Ratio is 2.60, which is higher than the IGF Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IWRD.L and IGF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IWRD.LIGFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

1.85

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

0.95

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.57

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.39

+0.17

Drawdowns

IWRD.L vs. IGF - Drawdown Comparison

The maximum IWRD.L drawdown since its inception was -38.28%, smaller than the maximum IGF drawdown of -40.37%. Use the drawdown chart below to compare losses from any high point for IWRD.L and IGF.

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Drawdown Indicators

IWRD.LIGFDifference

Max Drawdown

Largest peak-to-trough decline

-38.28%

-40.37%

+2.09%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-5.10%

-1.47%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-11.18%

-7.75%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-17.01%

-1.92%

Max Drawdown (10Y)

Largest decline over 10 years

-25.30%

-35.17%

+9.87%

Current Drawdown

Current decline from peak

-0.18%

-3.39%

+3.21%

Average Drawdown

Average peak-to-trough decline

-4.92%

-7.58%

+2.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

1.93%

-0.27%

Volatility

IWRD.L vs. IGF - Volatility Comparison

The current volatility for iShares MSCI World UCITS (IWRD.L) is 2.55%, while iShares Global Infrastructure ETF (IGF) has a volatility of 3.48%. This indicates that IWRD.L experiences smaller price fluctuations and is considered to be less risky than IGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRD.LIGFDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

3.48%

-0.93%

Volatility (6M)

Calculated over the trailing 6-month period

7.30%

7.73%

-0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

10.28%

9.61%

+0.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

12.11%

+1.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.50%

15.98%

-1.48%

IWRD.L vs. IGF - Expense Ratio Comparison

IWRD.L has a 0.50% expense ratio, which is higher than IGF's 0.39% expense ratio.

Dividends

IWRD.L vs. IGF - Dividend Comparison

IWRD.L's dividend yield for the trailing twelve months is around 0.85%, less than IGF's 2.97% yield.

PositionTTM20252024202320222021202020192018201720162015
IGF
iShares Global Infrastructure ETF		2.97%3.23%3.21%3.36%2.67%2.42%2.33%3.27%3.52%2.95%2.98%3.25%
IWRD.L
iShares MSCI World UCITS		0.85%0.93%1.06%1.31%1.44%1.03%1.21%1.66%1.81%1.64%1.61%1.78%

Frequently Asked Questions

IWRD.L and IGF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGF is cheaper with a 0.39% expense ratio, compared with 0.50% for IWRD.L.

IWRD.L is categorized as Global Equities, while IGF is Industrials Equities. IWRD.L tracks MSCI ACWI NR USD, while IGF tracks S&P Global Infrastructure Index. Their fees differ too: 0.50% for IWRD.L and 0.39% for IGF.

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