LQDE.L vs. IWDA.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L).

LQDE.L and IWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDE.L is a passively managed fund by iShares that tracks the performance of the Morningstar US Corporate Bond TR USD. It was launched on Mar 15, 2003. IWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009. Both LQDE.L and IWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LQDE.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

LQDE.L vs. IWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing	-0.93%	8.09%	1.06%	9.14%	-17.80%	-2.04%	10.98%	17.87%	-3.94%	6.81%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	-2.32%	21.03%	19.11%	24.27%	-18.11%	22.19%	16.06%	27.13%	-9.01%	22.77%

Returns By Period

In the year-to-date period, LQDE.L achieves a -0.93% return, which is significantly higher than IWDA.L's -2.32% return. Over the past 10 years, LQDE.L has underperformed IWDA.L with an annualized return of 2.60%, while IWDA.L has yielded a comparatively higher 12.16% annualized return.

LQDE.L

• 1D: 0.55%
• 1M: -1.27%
• YTD: -0.93%
• 6M: -0.15%
• 1Y: 4.47%
• 3Y*: 4.38%
• 5Y*: 0.09%
• 10Y*: 2.60%

IWDA.L

• 1D: 2.92%
• 1M: -3.75%
• YTD: -2.32%
• 6M: 1.15%
• 1Y: 20.54%
• 3Y*: 17.66%
• 5Y*: 10.54%
• 10Y*: 12.16%

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

LQDE.L vs. IWDA.L - Expense Ratio Comparison

Both LQDE.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

LQDE.L

iShares $ Corp Bond UCITS ETF USD Distributing

IWDA.L

iShares Core MSCI World UCITS ETF USD (Acc)

Return for Risk

LQDE.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LQDE.L

LQDE.L Risk / Return Rank: 31
LQDE.L Sharpe Ratio Rank: 31
LQDE.L Sortino Ratio Rank: 28
LQDE.L Omega Ratio Rank: 28
LQDE.L Calmar Ratio Rank: 32
LQDE.L Martin Ratio Rank: 34

IWDA.L

IWDA.L Risk / Return Rank: 75
IWDA.L Sharpe Ratio Rank: 72
IWDA.L Sortino Ratio Rank: 72
IWDA.L Omega Ratio Rank: 71
IWDA.L Calmar Ratio Rank: 80
IWDA.L Martin Ratio Rank: 82

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.

LQDE.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

	LQDE.L	IWDA.L	Difference
Sharpe ratio Return per unit of total volatility	0.64	1.31	-0.67
Sortino ratio Return per unit of downside risk	0.90	1.86	-0.97
Omega ratio Gain probability vs. loss probability	1.13	1.27	-0.14
Calmar ratio Return relative to maximum drawdown	0.97	2.31	-1.34
Martin ratio Return relative to average drawdown	3.65	9.49	-5.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDE.L vs. IWDA.L - Sharpe Ratio Comparison

The current LQDE.L Sharpe Ratio is 0.64, which is lower than the IWDA.L Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of LQDE.L and IWDA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LQDE.L	IWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.31	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.67	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.76	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.75	-0.34

Correlation

The correlation between LQDE.L and IWDA.L is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LQDE.L vs. IWDA.L - Dividend Comparison

LQDE.L's dividend yield for the trailing twelve months is around 5.00%, while IWDA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing	5.00%	4.89%	5.02%	4.58%	3.74%	2.68%	2.77%	3.42%	3.69%	3.25%	3.40%	3.36%
IWDA.L iShares 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%

Drawdowns

LQDE.L vs. IWDA.L - Drawdown Comparison

The maximum LQDE.L drawdown since its inception was -32.12%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for LQDE.L and IWDA.L.

Drawdown Indicators

	LQDE.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.12%	-34.11%	+1.99%
Max Drawdown (1Y) Largest decline over 1 year	-4.72%	-11.56%	+6.84%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-25.88%	+0.77%
Max Drawdown (10Y) Largest decline over 10 years	-25.38%	-34.11%	+8.73%
Current Drawdown Current decline from peak	-4.89%	-5.16%	+0.27%
Average Drawdown Average peak-to-trough decline	-4.70%	-4.48%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	2.11%	-0.86%

Volatility

LQDE.L vs. IWDA.L - Volatility Comparison

The current volatility for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) is 2.31%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 5.47%. This indicates that LQDE.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQDE.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	5.47%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	3.80%	8.94%	-5.14%
Volatility (1Y) Calculated over the trailing 1-year period	6.98%	15.63%	-8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.40%	15.63%	-7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.64%	15.86%	-7.22%