IWRD.L vs. WRDA.L

Last updated Jun 5, 2026

IWRD.L (iShares MSCI World UCITS) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - IWRD.L tracks the MSCI ACWI NR USD while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, IWRD.L returned 26.73% vs 27.32% for WRDA.L. With a 0.99 correlation, they move nearly in lockstep. IWRD.L charges 0.50%/yr vs 0.06%/yr for WRDA.L.

Performance

IWRD.L vs. WRDA.L - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with IWRD.L having a 9.97% return and WRDA.L slightly higher at 10.16%.

IWRD.L

• 1D: 0.10%
• 1M: 3.66%
• YTD: 9.97%
• 6M: 9.71%
• 1Y: 26.73%
• 3Y*: 17.32%
• 5Y*: 12.72%
• 10Y*: 13.59%

WRDA.L

• 1D: 0.07%
• 1M: 3.84%
• YTD: 10.16%
• 6M: 9.93%
• 1Y: 27.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.L vs. WRDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWRD.L iShares MSCI World UCITS	9.97%	12.34%	19.23%
WRDA.L UBS Core MSCI World UCITS ETF USD Acc	10.16%	12.77%	20.02%

Correlation

The correlation between IWRD.L and WRDA.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024	0.99

The correlation between IWRD.L and WRDA.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

IWRD.L vs. WRDA.L — 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: 81
IWRD.L Sharpe Ratio Rank: 81
IWRD.L Sortino Ratio Rank: 81
IWRD.L Omega Ratio Rank: 83
IWRD.L Calmar Ratio Rank: 80
IWRD.L Martin Ratio Rank: 82

WRDA.L

WRDA.L Risk / Return Rank: 84
WRDA.L Sharpe Ratio Rank: 84
WRDA.L Sortino Ratio Rank: 84
WRDA.L Omega Ratio Rank: 86
WRDA.L Calmar Ratio Rank: 81
WRDA.L Martin Ratio Rank: 83

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. WRDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L). 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.L	WRDA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.72	-0.12
Sortino ratio: Return per unit of downside risk	3.57	3.72	-0.15
Omega ratio: Gain probability vs. loss probability	1.50	1.52	-0.02
Calmar ratio: Return relative to maximum drawdown	4.07	4.18	-0.11
Martin ratio: Return relative to average drawdown	16.12	16.68	-0.55
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. WRDA.L - Sharpe Ratio Comparison

The current IWRD.L Sharpe Ratio is 2.60, which is comparable to the WRDA.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of IWRD.L and WRDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWRD.L	WRDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.72	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.51	-0.95

Drawdowns

IWRD.L vs. WRDA.L - Drawdown Comparison

The maximum IWRD.L drawdown since its inception was -38.28%, which is greater than WRDA.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for IWRD.L and WRDA.L.

Drawdown Indicators

	IWRD.L	WRDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.28%	-18.38%	-19.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-6.53%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.30%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.12%	-0.06%
Average Drawdown Average peak-to-trough decline	-4.92%	-2.27%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.64%	+0.02%

Volatility

IWRD.L vs. WRDA.L - Volatility Comparison

iShares MSCI World UCITS (IWRD.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.55% and 2.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWRD.L	WRDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	2.49%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	7.16%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	10.03%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	12.34%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.50%	12.34%	+2.16%

IWRD.L vs. WRDA.L - Expense Ratio Comparison

IWRD.L has a 0.50% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.

Dividends

IWRD.L vs. WRDA.L - Dividend Comparison

IWRD.L's dividend yield for the trailing twelve months is around 0.85%, while WRDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WRDA.L UBS Core MSCI World UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWRD.L and WRDA.L in my portfolio?

With a correlation of 0.99, IWRD.L and WRDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IWRD.L or WRDA.L?

On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWRD.L or WRDA.L?

WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.50% for IWRD.L.

What is the main difference between IWRD.L and WRDA.L?

IWRD.L tracks MSCI ACWI NR USD, while WRDA.L tracks MSCI World Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for IWRD.L and 0.06% for WRDA.L.