SAEM.L vs. IWDA.L
SAEM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SAEM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Acc) while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 5 years, SAEM.L returned 6.59%/yr vs 11.60%/yr for IWDA.L. A 0.73 correlation means they provide meaningful diversification when combined. SAEM.L charges 0.18%/yr vs 0.20%/yr for IWDA.L.
Performance
SAEM.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SAEM.L achieves a 17.34% return, which is significantly higher than IWDA.L's 10.17% return.
SAEM.L
- 1D
- -1.24%
- 1M
- -7.79%
- 6M
- 11.92%
- YTD
- 17.34%
- 1Y
- 33.01%
- 3Y*
- 19.20%
- 5Y*
- 6.59%
- 10Y*
- —
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
SAEM.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 17.34% | 33.03% | 7.25% | 10.56% | -20.46% | -1.52% | 19.84% | 16.95% | 1.22% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -8.52% |
Correlation
The correlation between SAEM.L and IWDA.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.73 |
The correlation between SAEM.L and IWDA.L has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
SAEM.L vs. IWDA.L — Risk / Return Rank
SAEM.L
IWDA.L
SAEM.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.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.
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.
| SAEM.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.64 | -0.20 |
| Martin ratioReturn relative to average drawdown | 7.82 | 10.75 | -2.94 |
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Drawdowns
SAEM.L vs. IWDA.L - Drawdown Comparison
The maximum SAEM.L drawdown since its inception was -38.77%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SAEM.L and IWDA.L.
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Drawdown Indicators
| SAEM.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -34.11% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -8.31% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.94% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | -25.88% | -8.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -9.43% | -0.12% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -4.39% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 2.04% | +2.15% |
Volatility
SAEM.L vs. IWDA.L - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) has a higher volatility of 9.20% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that SAEM.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
| SAEM.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 2.72% | +6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 9.80% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 12.26% | +9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 15.73% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 15.78% | +4.74% |
SAEM.L vs. IWDA.L - Expense Ratio Comparison
SAEM.L has a 0.18% expense ratio, which is lower than IWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SAEM.L vs. IWDA.L - Dividend Comparison
Neither SAEM.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
SAEM.L and IWDA.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAEM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IWDA.L.
SAEM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Acc), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.18% for SAEM.L and 0.20% for IWDA.L.
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