SGLO.L vs. IWDA.L
SGLO.L (iShares Global Government Bond UCITS ETF USD (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, SGLO.L returned 0.35%/yr vs 13.91%/yr for IWDA.L. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SGLO.L vs. IWDA.L - Performance Comparison
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Different Trading Currencies
SGLO.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, SGLO.L achieves a -0.79% return, which is significantly lower than IWDA.L's 10.28% return. Over the past 10 years, SGLO.L has underperformed IWDA.L with an annualized return of 0.35%, while IWDA.L has yielded a comparatively higher 13.91% annualized return.
SGLO.L
- 1D
- -0.11%
- 1M
- 0.41%
- YTD
- -0.79%
- 6M
- -1.34%
- 1Y
- 1.82%
- 3Y*
- -0.41%
- 5Y*
- -1.81%
- 10Y*
- 0.35%
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%
SGLO.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | -0.79% | 0.31% | -1.33% | -1.35% | -7.72% | -5.44% | 5.97% | 2.82% | 5.56% | -3.12% |
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% | -3.62% | 12.15% |
Correlation
The correlation between SGLO.L and IWDA.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010 | 0.00 |
The correlation between SGLO.L and IWDA.L shifts across timeframes, from -0.07 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLO.L vs. IWDA.L — Risk / Return Rank
SGLO.L
IWDA.L
SGLO.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.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.
| SGLO.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.44 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 4.25 | -3.80 |
| Martin ratioReturn relative to average drawdown | 0.90 | 16.00 | -15.10 |
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
| SGLO.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.33 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.90 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.90 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.86 | -0.67 |
Drawdowns
SGLO.L vs. IWDA.L - Drawdown Comparison
The maximum SGLO.L drawdown since its inception was -25.55%, roughly equal to the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for SGLO.L and IWDA.L.
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Drawdown Indicators
| SGLO.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -26.18% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -6.37% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -18.91% | +13.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -18.91% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -25.55% | -26.18% | +0.63% |
Current DrawdownCurrent decline from peak | -22.83% | -0.07% | -22.76% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -3.39% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.70% | +0.44% |
Volatility
SGLO.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.24%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.39%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky 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
| SGLO.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.39% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 8.83% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 11.60% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 14.49% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 15.51% | -6.74% |
SGLO.L vs. IWDA.L - Expense Ratio Comparison
Both SGLO.L and IWDA.L 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%.
Dividends
SGLO.L vs. IWDA.L - Dividend Comparison
SGLO.L's dividend yield for the trailing twelve months is around 4.16%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.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% |
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | 4.16% | 3.86% | 3.15% | 1.87% | 0.95% | 0.85% | 1.35% | 1.60% | 1.37% | 1.26% | 1.34% | 0.89% |
Frequently Asked Questions
SGLO.L and IWDA.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SGLO.L and IWDA.L have the same expense ratio: 0.20% per year.
SGLO.L is categorized as Global Bonds, while IWDA.L is Global Equities. SGLO.L tracks Bloomberg Global Aggregate TR USD, while IWDA.L tracks MSCI World Index (Net).
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