ROLG.L vs. IWDA.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, ROLG.L returned 14.55%/yr vs 13.06%/yr for IWDA.L. At a 0.21 correlation, their price movements are largely independent. ROLG.L charges 0.28%/yr vs 0.20%/yr for IWDA.L.
Performance
ROLG.L vs. IWDA.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROLG.L achieves a 27.75% return, which is significantly higher than IWDA.L's 10.28% return.
ROLG.L
- 1D
- -1.64%
- 1M
- -1.90%
- YTD
- 27.75%
- 6M
- 27.51%
- 1Y
- 44.31%
- 3Y*
- 14.24%
- 5Y*
- 14.55%
- 10Y*
- —
IWDA.L
- 1D
- 0.10%
- 1M
- 5.02%
- YTD
- 10.28%
- 6M
- 10.21%
- 1Y
- 27.20%
- 3Y*
- 17.74%
- 5Y*
- 13.06%
- 10Y*
- 13.91%
ROLG.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.75% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.28% | 12.41% | 21.19% | 18.05% | -8.38% | 23.34% | 12.65% | 22.29% | -12.10% |
Correlation
The correlation between ROLG.L and IWDA.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.21 |
The correlation between ROLG.L and IWDA.L shifts across timeframes, from -0.18 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROLG.L vs. IWDA.L — Risk / Return Rank
ROLG.L
IWDA.L
ROLG.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| ROLG.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | 4.25 | +2.22 |
| Martin ratioReturn relative to average drawdown | 18.28 | 16.00 | +2.28 |
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
| ROLG.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.33 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.90 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.86 | -0.27 |
Drawdowns
ROLG.L vs. IWDA.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -22.66%, smaller than the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for ROLG.L and IWDA.L.
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Drawdown Indicators
| ROLG.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -26.18% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -6.37% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -18.91% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -18.91% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.18% | — |
Current DrawdownCurrent decline from peak | -4.56% | -0.07% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -3.39% | -5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.70% | +0.72% |
Volatility
ROLG.L vs. IWDA.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a higher volatility of 5.90% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.39%. This indicates that ROLG.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROLG.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 3.39% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 8.83% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 11.60% | +5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 14.49% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 15.51% | +1.47% |
ROLG.L vs. IWDA.L - Expense Ratio Comparison
ROLG.L has a 0.28% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
ROLG.L vs. IWDA.L - Dividend Comparison
Neither ROLG.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
ROLG.L and IWDA.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.28% for ROLG.L.
ROLG.L is categorized as Commodities, while IWDA.L is Global Equities. ROLG.L tracks Bloomberg Roll Select Commodity, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.28% for ROLG.L and 0.20% for IWDA.L.
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