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

IWRD.L vs. OEF

Last updated Jun 5, 2026

IWRD.L (iShares MSCI World UCITS) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - IWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD, while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 10 years, IWRD.L returned 13.59%/yr vs 17.57%/yr for OEF. A 0.59 correlation means they provide meaningful diversification when combined. IWRD.L charges 0.50%/yr vs 0.20%/yr for OEF.

Performance

IWRD.L vs. OEF - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World UCITS (IWRD.L) and iShares S&P 100 ETF (OEF). 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 OEF is traded in USD. To make them comparable, the OEF values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with IWRD.L having a 9.97% return and OEF slightly higher at 10.31%. Over the past 10 years, IWRD.L has underperformed OEF with an annualized return of 13.59%, while OEF has yielded a comparatively higher 17.57% 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%

OEF

1D
0.32%
1M
4.45%
YTD
10.31%
6M
8.71%
1Y
32.41%
3Y*
21.60%
5Y*
17.02%
10Y*
17.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.L vs. OEF - 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%
OEF
iShares S&P 100 ETF		10.31%11.27%33.02%26.08%-11.64%30.40%17.65%26.85%1.52%11.29%

Correlation

The correlation between IWRD.L and OEF is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.64

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

0.57

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

0.55

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

0.59

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2007

0.59

The correlation between IWRD.L and OEF has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

IWRD.L vs. OEF - Sectors Allocation Comparison

Sectors
IWRD.L
OEF

Technology

30.0%
41.0%

Financial Services

15.4%
10.7%

Industrials

10.8%
5.3%

Communication Services

9.2%
14.5%

Consumer Cyclical

9.0%
10.5%

Healthcare

8.7%
8.3%

Consumer Defensive

5.3%
5.4%

Energy

4.2%
2.6%

Basic Materials

3.2%
0.5%

Utilities

2.5%
0.9%

Real Estate

1.8%
0.3%

Technology

IWRD.L
30.0%
OEF
41.0%

Financial Services

IWRD.L
15.4%
OEF
10.7%

Industrials

IWRD.L
10.8%
OEF
5.3%

Communication Services

IWRD.L
9.2%
OEF
14.5%

Consumer Cyclical

IWRD.L
9.0%
OEF
10.5%

Healthcare

IWRD.L
8.7%
OEF
8.3%

Consumer Defensive

IWRD.L
5.3%
OEF
5.4%

Energy

IWRD.L
4.2%
OEF
2.6%

Basic Materials

IWRD.L
3.2%
OEF
0.5%

Utilities

IWRD.L
2.5%
OEF
0.9%

Real Estate

IWRD.L
1.8%
OEF
0.3%

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 S&P 100 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 OEF:
OEF vs. SPYOEF vs. VOOOEF vs. QQQOEF vs. IOOOEF vs. SCHGOEF vs. SCHDOEF vs. IWFV.L

Return for Risk

IWRD.L vs. OEF — 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
OEF
OEF Risk / Return Rank: 6767
Overall Rank
OEF Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
OEF Sortino Ratio Rank: 7171
Sortino Ratio Rank
OEF Omega Ratio Rank: 7272
Omega Ratio Rank
OEF Calmar Ratio Rank: 5656
Calmar Ratio Rank
OEF Martin Ratio Rank: 6464
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. OEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and iShares S&P 100 ETF (OEF). 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.LOEFDifference
Sharpe ratioReturn per unit of total volatility
2.60
2.50

+0.10

Sortino ratioReturn per unit of downside risk
3.57
3.24

+0.33

Omega ratioGain probability vs. loss probability

1.50

1.46

+0.04

Calmar ratioReturn relative to maximum drawdown

4.07

2.77

+1.30

Martin ratioReturn relative to average drawdown

16.12

9.11

+7.02

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. OEF - Sharpe Ratio Comparison

The current IWRD.L Sharpe Ratio is 2.60, which is comparable to the OEF Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of IWRD.L and OEF, 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.LOEFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

2.50

+0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

1.02

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.94

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.71

-0.15

Drawdowns

IWRD.L vs. OEF - Drawdown Comparison

The maximum IWRD.L drawdown since its inception was -38.28%, which is greater than OEF's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for IWRD.L and OEF.

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Drawdown Indicators

IWRD.LOEFDifference

Max Drawdown

Largest peak-to-trough decline

-38.28%

-33.25%

-5.03%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-11.23%

+4.66%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-22.96%

+4.03%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-22.96%

+4.03%

Max Drawdown (10Y)

Largest decline over 10 years

-25.30%

-24.17%

-1.13%

Current Drawdown

Current decline from peak

-0.18%

-0.34%

+0.16%

Average Drawdown

Average peak-to-trough decline

-4.92%

-4.85%

-0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

3.41%

-1.75%

Volatility

IWRD.L vs. OEF - Volatility Comparison

The current volatility for iShares MSCI World UCITS (IWRD.L) is 2.55%, while iShares S&P 100 ETF (OEF) has a volatility of 2.86%. This indicates that IWRD.L experiences smaller price fluctuations and is considered to be less risky than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRD.LOEFDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

2.86%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

7.30%

8.72%

-1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

10.28%

12.46%

-2.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

16.74%

-3.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.50%

18.68%

-4.18%

IWRD.L vs. OEF - Expense Ratio Comparison

IWRD.L has a 0.50% expense ratio, which is higher than OEF's 0.20% expense ratio.

Dividends

IWRD.L vs. OEF - Dividend Comparison

IWRD.L's dividend yield for the trailing twelve months is around 0.85%, more than OEF's 0.83% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
OEF
iShares S&P 100 ETF		0.83%0.81%1.03%1.19%1.55%1.06%1.43%1.87%2.09%1.81%2.07%2.11%

Frequently Asked Questions

IWRD.L and OEF have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, OEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

OEF is cheaper with a 0.20% expense ratio, compared with 0.50% for IWRD.L.

IWRD.L is categorized as Global Equities, while OEF is Large Cap Blend Equities. IWRD.L tracks MSCI ACWI NR USD, while OEF tracks S&P 100 Index. Their fees differ too: 0.50% for IWRD.L and 0.20% for OEF.

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