SASU.L vs. SWDA.L
SASU.L (iShares MSCI USA Screened UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SASU.L tracks the iShares MSCI USA Screened UCITS ETF USD (Acc) while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 5 years, SASU.L returned 13.14%/yr vs 11.75%/yr for SWDA.L. Their correlation of 0.90 suggests significant overlap in exposure. SASU.L charges 0.07%/yr vs 0.20%/yr for SWDA.L.
Performance
SASU.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
SASU.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SASU.L achieves a 9.89% return, which is significantly lower than SWDA.L's 10.59% return.
SASU.L
- 1D
- -0.07%
- 1M
- 0.12%
- 6M
- 9.97%
- YTD
- 9.89%
- 1Y
- 21.97%
- 3Y*
- 20.80%
- 5Y*
- 13.14%
- 10Y*
- —
SWDA.L
- 1D
- 0.59%
- 1M
- 0.70%
- 6M
- 9.50%
- YTD
- 10.59%
- 1Y
- 22.47%
- 3Y*
- 19.10%
- 5Y*
- 11.75%
- 10Y*
- 13.08%
SASU.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SASU.L iShares MSCI USA Screened UCITS ETF USD (Acc) | 9.89% | 17.83% | 26.90% | 30.69% | -21.34% | 28.26% | 22.00% | 31.02% | -8.81% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.59% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -8.49% |
Correlation
The correlation between SASU.L and SWDA.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.90 |
The correlation between SASU.L and SWDA.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
SASU.L vs. SWDA.L — Risk / Return Rank
SASU.L
SWDA.L
SASU.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.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.
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.
| SASU.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.60 | -0.19 |
| Martin ratioReturn relative to average drawdown | 9.61 | 11.09 | -1.48 |
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Drawdowns
SASU.L vs. SWDA.L - Drawdown Comparison
The maximum SASU.L drawdown since its inception was -34.07%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for SASU.L and SWDA.L.
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Drawdown Indicators
| SASU.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.07% | -45.69% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -8.59% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -17.07% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -26.50% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.61% | — |
Current DrawdownCurrent decline from peak | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -11.15% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.02% | +0.38% |
Volatility
SASU.L vs. SWDA.L - Volatility Comparison
iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) has a higher volatility of 3.04% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.88%. This indicates that SASU.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.
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Volatility by Period
| SASU.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.88% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 9.14% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 11.74% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 15.34% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 15.69% | +2.70% |
SASU.L vs. SWDA.L - Expense Ratio Comparison
SASU.L has a 0.07% expense ratio, which is lower than SWDA.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
SASU.L vs. SWDA.L - Dividend Comparison
Neither SASU.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SASU.L and SWDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SASU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SASU.L is cheaper with a 0.07% expense ratio, compared with 0.20% for SWDA.L.
SASU.L tracks iShares MSCI USA Screened UCITS ETF USD (Acc), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.07% for SASU.L and 0.20% for SWDA.L.
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