PSRW.L vs. SWDA.L

Last updated Jun 4, 2026

PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - PSRW.L tracks the MSCI ACWI Value NR USD while SWDA.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, PSRW.L returned 13.16%/yr vs 14.05%/yr for SWDA.L. A 0.77 correlation means they provide meaningful diversification when combined. PSRW.L charges 0.39%/yr vs 0.20%/yr for SWDA.L.

Performance

PSRW.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSRW.L achieves a 15.72% return, which is significantly higher than SWDA.L's 9.92% return. Over the past 10 years, PSRW.L has underperformed SWDA.L with an annualized return of 13.16%, while SWDA.L has yielded a comparatively higher 14.05% annualized return.

PSRW.L

• 1D: 0.10%
• 1M: 5.77%
• YTD: 15.72%
• 6M: 17.26%
• 1Y: 36.84%
• 3Y*: 19.34%
• 5Y*: 13.56%
• 10Y*: 13.16%

SWDA.L

• 1D: -0.25%
• 1M: 5.16%
• YTD: 9.92%
• 6M: 10.29%
• 1Y: 27.16%
• 3Y*: 17.83%
• 5Y*: 13.02%
• 10Y*: 14.05%

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

PSRW.L vs. SWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF	15.72%	19.97%	12.95%	10.09%	2.42%	22.39%	2.67%	17.83%	-7.86%	9.35%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	9.92%	12.64%	21.11%	17.59%	-8.33%	23.64%	12.25%	23.03%	-3.78%	11.78%

Correlation

The correlation between PSRW.L and SWDA.L is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009	0.77

The correlation between PSRW.L and SWDA.L shifts across timeframes, from 0.77 (all time) to 0.89 (10 years), reflecting how their relationship changes across market environments.

PSRW.L vs. SWDA.L - Sectors Allocation Comparison

Sectors	PSRW.L	SWDA.L
Technology	19.1%	30.0%
Financial Services	18.8%	15.4%
Industrials	9.8%	10.9%
Energy	9.5%	4.2%
Healthcare	9.0%	8.7%
Consumer Cyclical	8.5%	9.0%
Communication Services	7.5%	9.2%
Basic Materials	6.7%	3.2%
Consumer Defensive	5.7%	5.2%
Utilities	3.6%	2.5%
Real Estate	1.8%	1.8%

Return for Risk

PSRW.L vs. SWDA.L — Risk / Return Rank

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

PSRW.L

PSRW.L Risk / Return Rank: 93
PSRW.L Sharpe Ratio Rank: 95
PSRW.L Sortino Ratio Rank: 95
PSRW.L Omega Ratio Rank: 95
PSRW.L Calmar Ratio Rank: 90
PSRW.L Martin Ratio Rank: 90

SWDA.L

SWDA.L Risk / Return Rank: 81
SWDA.L Sharpe Ratio Rank: 80
SWDA.L Sortino Ratio Rank: 81
SWDA.L Omega Ratio Rank: 82
SWDA.L Calmar Ratio Rank: 79
SWDA.L Martin Ratio Rank: 81

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.

PSRW.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.

	PSRW.L	SWDA.L	Difference
Sharpe ratio Return per unit of total volatility	3.85	2.66	+1.20
Sortino ratio Return per unit of downside risk	5.11	3.68	+1.42
Omega ratio Gain probability vs. loss probability	1.74	1.51	+0.23
Calmar ratio Return relative to maximum drawdown	5.56	4.13	+1.43
Martin ratio Return relative to average drawdown	21.51	16.50	+5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSRW.L vs. SWDA.L - Sharpe Ratio Comparison

The current PSRW.L Sharpe Ratio is 3.85, which is higher than the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of PSRW.L and SWDA.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

	PSRW.L	SWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.85	2.66	+1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.98	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.97	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.88	-0.30

Drawdowns

PSRW.L vs. SWDA.L - Drawdown Comparison

The maximum PSRW.L drawdown since its inception was -49.85%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for PSRW.L and SWDA.L.

Drawdown Indicators

	PSRW.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.85%	-25.58%	-24.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-6.55%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-18.50%	+4.27%
Max Drawdown (5Y) Largest decline over 5 years	-14.23%	-18.50%	+4.27%
Max Drawdown (10Y) Largest decline over 10 years	-29.05%	-25.58%	-3.47%
Current Drawdown Current decline from peak	0.00%	-0.25%	+0.25%
Average Drawdown Average peak-to-trough decline	-4.34%	-3.49%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.64%	+0.07%

Volatility

PSRW.L vs. SWDA.L - Volatility Comparison

Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) has a higher volatility of 2.70% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that PSRW.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSRW.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.52%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.14%	7.30%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.53%	10.23%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	13.30%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.40%	14.50%	-0.10%

PSRW.L vs. SWDA.L - Expense Ratio Comparison

PSRW.L has a 0.39% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

PSRW.L vs. SWDA.L - Dividend Comparison

PSRW.L's dividend yield for the trailing twelve months is around 1.74%, while SWDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF	1.74%	2.00%	2.29%	2.46%	2.58%	1.96%	1.99%	2.45%	2.52%	2.03%	1.93%	2.00%
SWDA.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%

Frequently Asked Questions

Can I hold both PSRW.L and SWDA.L in my portfolio?

PSRW.L and SWDA.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSRW.L or SWDA.L?

On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSRW.L or SWDA.L?

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PSRW.L.

What is the main difference between PSRW.L and SWDA.L?

PSRW.L tracks MSCI ACWI Value NR USD, while SWDA.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSRW.L and 0.20% for SWDA.L.