SGWS.L vs. WRDA.L

Last updated Jul 16, 2026

SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - SGWS.L tracks the iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, SGWS.L returned 20.35% vs 22.06% for WRDA.L. A 0.79 correlation means they provide meaningful diversification when combined. SGWS.L charges 0.23%/yr vs 0.06%/yr for WRDA.L.

Performance

SGWS.L vs. WRDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SGWS.L is traded in GBP, while WRDA.L is traded in GBp. To make them comparable, the WRDA.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 WRDA.L's 10.72% 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*: —

WRDA.L

• 1D: 0.00%
• 1M: 0.47%
• 6M: 9.40%
• YTD: 10.72%
• 1Y: 22.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGWS.L vs. WRDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)	11.67%	12.73%	12.65%
WRDA.L UBS Core MSCI World UCITS ETF USD Acc	10.72%	12.77%	20.02%

Correlation

The correlation between SGWS.L and WRDA.L is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.79

The correlation between SGWS.L and WRDA.L has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

SGWS.L vs. WRDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGWS.L

SGWS.L Risk / Return Rank: 61
SGWS.L Sharpe Ratio Rank: 58
SGWS.L Sortino Ratio Rank: 62
SGWS.L Omega Ratio Rank: 57
SGWS.L Calmar Ratio Rank: 61
SGWS.L Martin Ratio Rank: 66

WRDA.L

WRDA.L Risk / Return Rank: 32
WRDA.L Sharpe Ratio Rank: 19
WRDA.L Sortino Ratio Rank: 24
WRDA.L Omega Ratio Rank: 80
WRDA.L Calmar Ratio Rank: 21
WRDA.L Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGWS.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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	WRDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.51	+1.08
Sortino ratio: Return per unit of downside risk	2.35	1.14	+1.21
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.46	0.81	+1.65
Martin ratio: Return relative to average drawdown	9.53	1.18	+8.35

SGWS.L vs. WRDA.L - Sharpe Ratio Comparison

The current SGWS.L Sharpe Ratio is 1.59, which is higher than the WRDA.L Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of SGWS.L and WRDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGWS.L vs. WRDA.L - Drawdown Comparison

The maximum SGWS.L drawdown since its inception was -25.65%, smaller than the maximum WRDA.L drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for SGWS.L and WRDA.L.

Drawdown Indicators

	SGWS.L	WRDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.65%	-27.39%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-27.39%	+18.76%
Max Drawdown (3Y) Largest decline over 3 years	-17.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	—	—
Current Drawdown Current decline from peak	-1.70%	-15.98%	+14.28%
Average Drawdown Average peak-to-trough decline	-5.69%	-8.18%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	18.75%	-16.52%

Volatility

SGWS.L vs. WRDA.L - Volatility Comparison

iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.02% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.72%. This indicates that SGWS.L's price experiences larger fluctuations and is considered to be riskier than WRDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGWS.L	WRDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	2.72%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	7.90%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	43.22%	-29.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.49%	29.46%	-13.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	29.46%	-14.26%

SGWS.L vs. WRDA.L - Expense Ratio Comparison

SGWS.L has a 0.23% expense ratio, which is higher than WRDA.L's 0.06% 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. WRDA.L - Dividend Comparison

SGWS.L's dividend yield for the trailing twelve months is around 1.16%, while WRDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
WRDA.L UBS Core MSCI World UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGWS.L and WRDA.L in my portfolio?

SGWS.L and WRDA.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SGWS.L or WRDA.L?

On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SGWS.L or WRDA.L?

WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.23% for SGWS.L.

What is the main difference between SGWS.L and WRDA.L?

SGWS.L tracks iShares MSCI World SRI UCITS ETF GBP Hedged (Dist), while WRDA.L tracks MSCI World Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.23% for SGWS.L and 0.06% for WRDA.L.