SGWS.L vs. ISAC.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SGWS.L tracks the iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 5 years, SGWS.L returned 9.85%/yr vs 11.51%/yr for ISAC.L. Their correlation of 0.81 suggests significant overlap in exposure. SGWS.L charges 0.23%/yr vs 0.20%/yr for ISAC.L.
Performance
SGWS.L vs. ISAC.L - Performance Comparison
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Different Trading Currencies
SGWS.L is traded in GBP, while ISAC.L is traded in USD. To make them comparable, the ISAC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGWS.L achieves a 11.67% return, which is significantly higher than ISAC.L's 10.73% return.
SGWS.L
- 1D
- -0.28%
- 1M
- -0.65%
- 6M
- 8.99%
- YTD
- 11.67%
- 1Y
- 20.35%
- 3Y*
- 14.60%
- 5Y*
- 9.85%
- 10Y*
- —
ISAC.L
- 1D
- -0.92%
- 1M
- -1.47%
- 6M
- 9.00%
- YTD
- 10.73%
- 1Y
- 22.42%
- 3Y*
- 17.72%
- 5Y*
- 11.51%
- 10Y*
- 12.14%
SGWS.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 11.67% | 12.73% | 13.86% | 24.27% | -20.28% | 28.51% | 7.96% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 10.73% | 13.64% | 19.87% | 16.44% | -8.43% | 19.97% | 4.64% |
Correlation
The correlation between SGWS.L and ISAC.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.81 |
The correlation between SGWS.L and ISAC.L has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
SGWS.L vs. ISAC.L — Risk / Return Rank
SGWS.L
ISAC.L
SGWS.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| SGWS.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.25 | -0.79 |
| Martin ratioReturn relative to average drawdown | 9.53 | 11.85 | -2.32 |
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Drawdowns
SGWS.L vs. ISAC.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, roughly equal to the maximum ISAC.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for SGWS.L and ISAC.L.
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Drawdown Indicators
| SGWS.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -25.84% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -6.88% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -18.33% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -18.33% | -7.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.84% | — |
Current DrawdownCurrent decline from peak | -1.70% | -2.45% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -3.51% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.89% | +0.34% |
Volatility
SGWS.L vs. ISAC.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.02% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.31%. This indicates that SGWS.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGWS.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 3.31% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 10.05% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 12.43% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 14.39% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 15.40% | -0.20% |
SGWS.L vs. ISAC.L - Expense Ratio Comparison
SGWS.L has a 0.23% expense ratio, which is higher than ISAC.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGWS.L vs. ISAC.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.16%, while ISAC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.16% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% |
Frequently Asked Questions
SGWS.L and ISAC.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.23% for SGWS.L.
SGWS.L tracks iShares MSCI World SRI UCITS ETF GBP Hedged (Dist), while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.23% for SGWS.L and 0.20% for ISAC.L.
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