SGWS.L vs. PACW.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - SGWS.L tracks the MSCI World SRI Select Reduced Fossil Fuel Index while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, SGWS.L returned 19.03% vs 22.47% for PACW.L. Their correlation of 0.83 suggests significant overlap in exposure. SGWS.L charges 0.23%/yr vs 0.07%/yr for PACW.L.
Performance
SGWS.L vs. PACW.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SGWS.L having a 10.87% return and PACW.L slightly higher at 10.95%.
SGWS.L
- 1D
- -1.10%
- 1M
- -1.67%
- 6M
- 7.19%
- YTD
- 10.87%
- 1Y
- 19.03%
- 3Y*
- 14.15%
- 5Y*
- 9.69%
- 10Y*
- —
PACW.L
- 1D
- 0.00%
- 1M
- -1.26%
- 6M
- 8.28%
- YTD
- 10.95%
- 1Y
- 22.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGWS.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 10.87% | 10.32% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 10.95% | 9.40% |
Correlation
The correlation between SGWS.L and PACW.L is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025 | 0.83 |
The correlation between SGWS.L and PACW.L has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
SGWS.L vs. PACW.L — Risk / Return Rank
SGWS.L
PACW.L
SGWS.L vs. PACW.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 Amundi Prime All Country World UCITS ETF Income (PACW.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 | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.20 | -1.00 |
| Martin ratioReturn relative to average drawdown | 8.49 | 12.37 | -3.88 |
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Drawdowns
SGWS.L vs. PACW.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, which is greater than PACW.L's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for SGWS.L and PACW.L.
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Drawdown Indicators
| SGWS.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -17.74% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -7.06% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -2.16% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -2.91% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.82% | +0.41% |
Volatility
SGWS.L vs. PACW.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.16% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 3.15%. This indicates that SGWS.L's price experiences larger fluctuations and is considered to be riskier than PACW.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 | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.15% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 8.64% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 11.23% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 13.89% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 13.89% | +1.31% |
SGWS.L vs. PACW.L - Expense Ratio Comparison
SGWS.L has a 0.23% expense ratio, which is higher than PACW.L's 0.07% 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. PACW.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.17%, less than PACW.L's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.17% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% |
Frequently Asked Questions
SGWS.L and PACW.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.23% for SGWS.L.
SGWS.L tracks MSCI World SRI Select Reduced Fossil Fuel Index, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.23% for SGWS.L and 0.07% for PACW.L.
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