IWRD.L vs. XDWL.DE
IWRD.L (iShares MSCI World UCITS) and XDWL.DE (Xtrackers MSCI World UCITS ETF 1D) are both Global Equities funds - IWRD.L tracks the MSCI ACWI NR USD while XDWL.DE tracks the MSCI World. Both are passively managed. Over the past 10 years, IWRD.L returned 13.59%/yr vs 13.92%/yr for XDWL.DE. Their correlation of 0.90 suggests significant overlap in exposure. IWRD.L charges 0.50%/yr vs 0.12%/yr for XDWL.DE.
Performance
IWRD.L vs. XDWL.DE - Performance Comparison
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Different Trading Currencies
IWRD.L is traded in GBp, while XDWL.DE is traded in EUR. To make them comparable, the XDWL.DE 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 XDWL.DE slightly higher at 10.07%. Both investments have delivered pretty close results over the past 10 years, with IWRD.L having a 13.59% annualized return and XDWL.DE not far ahead at 13.92%.
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%
XDWL.DE
- 1D
- 0.13%
- 1M
- 5.06%
- YTD
- 10.07%
- 6M
- 10.29%
- 1Y
- 27.22%
- 3Y*
- 17.79%
- 5Y*
- 13.10%
- 10Y*
- 13.92%
IWRD.L vs. XDWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDWL.DE Xtrackers MSCI World UCITS ETF 1D | 10.07% | 13.51% | 20.58% | 17.86% | -9.09% | 23.55% | 11.39% | 24.40% | -3.69% | 12.34% |
Correlation
The correlation between IWRD.L and XDWL.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2015 | 0.90 |
The correlation between IWRD.L and XDWL.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
IWRD.L vs. XDWL.DE — Risk / Return Rank
IWRD.L
XDWL.DE
IWRD.L vs. XDWL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and Xtrackers MSCI World UCITS ETF 1D (XDWL.DE). 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 | XDWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 4.21 | -0.14 |
| Martin ratioReturn relative to average drawdown | 16.12 | 16.36 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWRD.L | XDWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.56 | +0.04 |
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 | 0.93 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.83 | -0.27 |
Drawdowns
IWRD.L vs. XDWL.DE - Drawdown Comparison
The maximum IWRD.L drawdown since its inception was -38.28%, which is greater than XDWL.DE's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for IWRD.L and XDWL.DE.
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Drawdown Indicators
| IWRD.L | XDWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.28% | -26.24% | -12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.44% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -19.69% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -19.69% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | -26.24% | +0.94% |
Current DrawdownCurrent decline from peak | -0.18% | -0.09% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -3.37% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.66% | 0.00% |
Volatility
IWRD.L vs. XDWL.DE - Volatility Comparison
The current volatility for iShares MSCI World UCITS (IWRD.L) is 2.55%, while Xtrackers MSCI World UCITS ETF 1D (XDWL.DE) has a volatility of 2.83%. This indicates that IWRD.L experiences smaller price fluctuations and is considered to be less risky than XDWL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWRD.L | XDWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.83% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 7.55% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 10.59% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 13.68% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 14.89% | -0.39% |
IWRD.L vs. XDWL.DE - Expense Ratio Comparison
IWRD.L has a 0.50% expense ratio, which is higher than XDWL.DE's 0.12% expense ratio.
Dividends
IWRD.L vs. XDWL.DE - Dividend Comparison
IWRD.L's dividend yield for the trailing twelve months is around 0.85%, less than XDWL.DE's 1.17% yield.
| 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% |
XDWL.DE Xtrackers MSCI World UCITS ETF 1D | 1.17% | 1.28% | 1.65% | 1.58% | 1.77% | 2.08% | 1.95% | 1.98% | 1.40% | 1.94% | 1.83% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, IWRD.L and XDWL.DE 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.
On fees, XDWL.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWL.DE is cheaper with a 0.12% expense ratio, compared with 0.50% for IWRD.L.
IWRD.L tracks MSCI ACWI NR USD, while XDWL.DE tracks MSCI World. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IWRD.L and 0.12% for XDWL.DE.
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