MWEQ.L vs. IWDA.AS
Compare and contrast key facts about Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS).
MWEQ.L and IWDA.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MWEQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World Equal Weighted Net Total Return USD Index. It was launched on Sep 4, 2024. IWDA.AS is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. Both MWEQ.L and IWDA.AS 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
MWEQ.L vs. IWDA.AS - Performance Comparison
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MWEQ.L vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 1.49% | 21.96% | 0.07% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | -2.33% | 21.46% | 3.96% |
Different Trading Currencies
MWEQ.L is traded in USD, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MWEQ.L achieves a 1.49% return, which is significantly higher than IWDA.AS's -4.54% return.
MWEQ.L
- 1D
- 3.02%
- 1M
- -3.82%
- YTD
- 1.49%
- 6M
- 4.34%
- 1Y
- 19.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWDA.AS
- 1D
- 0.00%
- 1M
- -6.02%
- YTD
- -4.54%
- 6M
- -1.31%
- 1Y
- 17.78%
- 3Y*
- 16.81%
- 5Y*
- 10.00%
- 10Y*
- 11.87%
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MWEQ.L vs. IWDA.AS - Expense Ratio Comparison
Both MWEQ.L and IWDA.AS 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%.
Return for Risk
MWEQ.L vs. IWDA.AS — Risk / Return Rank
MWEQ.L
IWDA.AS
MWEQ.L vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
| MWEQ.L | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.08 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.57 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.34 | -1.09 |
Martin ratioReturn relative to average drawdown | 8.51 | 14.64 | -6.13 |
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
| MWEQ.L | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.08 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.63 | +0.40 |
Correlation
The correlation between MWEQ.L and IWDA.AS is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MWEQ.L vs. IWDA.AS - Dividend Comparison
Neither MWEQ.L nor IWDA.AS has paid dividends to shareholders.
Drawdowns
MWEQ.L vs. IWDA.AS - Drawdown Comparison
The maximum MWEQ.L drawdown since its inception was -12.95%, smaller than the maximum IWDA.AS drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and IWDA.AS.
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Drawdown Indicators
| MWEQ.L | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -33.63% | +20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -13.21% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -5.24% | -3.99% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -4.28% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.66% | +0.67% |
Volatility
MWEQ.L vs. IWDA.AS - Volatility Comparison
Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) has a higher volatility of 5.81% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 4.13%. This indicates that MWEQ.L's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWEQ.L | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 4.13% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 8.37% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 16.23% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 15.48% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 15.77% | -1.69% |