MSFT vs. IH2O.L
MSFT (Microsoft Corporation) is a stock, while IH2O.L (iShares Global Water UCITS ETF) is Water Equities fund tracking the S&P Global Water TR. Over the past 10 years, MSFT returned 24.39%/yr vs 9.52%/yr for IH2O.L. At a 0.32 correlation, their price movements are largely independent.
Performance
MSFT vs. IH2O.L - Performance Comparison
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Different Trading Currencies
MSFT is traded in USD, while IH2O.L is traded in GBp. To make them comparable, the IH2O.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MSFT achieves a -18.85% return, which is significantly lower than IH2O.L's -1.72% return. Over the past 10 years, MSFT has outperformed IH2O.L with an annualized return of 24.39%, while IH2O.L has yielded a comparatively lower 9.52% annualized return.
MSFT
- 1D
- 0.10%
- 1M
- -7.19%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.07%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
IH2O.L
- 1D
- 0.98%
- 1M
- 1.10%
- YTD
- -1.72%
- 6M
- -1.10%
- 1Y
- 3.28%
- 3Y*
- 7.92%
- 5Y*
- 4.12%
- 10Y*
- 9.52%
MSFT vs. IH2O.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
IH2O.L iShares Global Water UCITS ETF | -1.72% | 18.03% | 4.26% | 12.99% | -20.80% | 31.05% | 14.70% | 34.62% | -10.76% | 26.68% |
Correlation
The correlation between MSFT and IH2O.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | 0.32 |
Over the past year, the correlation between MSFT and IH2O.L has dropped to 0.03 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
MSFT vs. IH2O.L — Risk / Return Rank
MSFT
IH2O.L
MSFT vs. IH2O.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and iShares Global Water UCITS ETF (IH2O.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFT | IH2O.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.04 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 0.22 | -0.75 |
| Martin ratioReturn relative to average drawdown | -1.08 | 0.54 | -1.62 |
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Drawdowns
MSFT vs. IH2O.L - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, smaller than the maximum IH2O.L drawdown of -77.04%. Use the drawdown chart below to compare losses from any high point for MSFT and IH2O.L.
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Drawdown Indicators
| MSFT | IH2O.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -77.04% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -10.67% | -23.24% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -16.25% | -17.66% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -32.45% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -34.94% | -2.21% |
Current DrawdownCurrent decline from peak | -27.46% | -9.35% | -18.11% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -30.54% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 4.41% | +12.07% |
Volatility
MSFT vs. IH2O.L - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 10.52% compared to iShares Global Water UCITS ETF (IH2O.L) at 4.03%. This indicates that MSFT's price experiences larger fluctuations and is considered to be riskier than IH2O.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFT | IH2O.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 4.03% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.31% | 10.62% | +11.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.42% | 13.41% | +12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.66% | 16.48% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 16.61% | +10.45% |
Dividends
MSFT vs. IH2O.L - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.91%, less than IH2O.L's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | 1.43% | 1.35% | 1.05% | 1.21% | 1.11% | 1.67% | 1.00% | 1.43% | 1.77% | 1.52% | 1.62% | 1.61% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT and IH2O.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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