SKUK.AS vs. ISDW.L

Last updated Jul 21, 2026

SKUK.AS (iShares $ Sukuk UCITS ETF USD (Dist)) and ISDW.L (iShares MSCI World Islamic UCITS) are both exchange-traded funds - SKUK.AS is a Emerging Markets Bonds fund tracking the J.P. Morgan EM Aggregate Sukuk Index, while ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index. Both are passively managed. Over the past year, SKUK.AS returned 3.40% vs 25.86% for ISDW.L. At a 0.26 correlation, their price movements are largely independent. SKUK.AS charges 0.40%/yr vs 0.30%/yr for ISDW.L.

Performance

SKUK.AS vs. ISDW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) and iShares MSCI World Islamic UCITS (ISDW.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKUK.AS achieves a -0.12% return, which is significantly lower than ISDW.L's 14.31% return.

SKUK.AS

• 1D: 0.00%
• 1M: -0.31%
• 6M: 0.29%
• YTD: -0.12%
• 1Y: 3.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.07%

ISDW.L

• 1D: 1.39%
• 1M: -2.40%
• 6M: 11.73%
• YTD: 14.31%
• 1Y: 25.86%
• 3Y*: 14.60%
• 5Y*: 11.11%
• 10Y*: 10.51%
• ALL TIME*: 6.86%

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

SKUK.AS vs. ISDW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SKUK.AS iShares $ Sukuk UCITS ETF USD (Dist)	-0.12%	5.00%	5.37%
ISDW.L iShares MSCI World Islamic UCITS	14.31%	19.35%	7.21%

Correlation

The correlation between SKUK.AS and ISDW.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024	0.26

The correlation between SKUK.AS and ISDW.L shifts across timeframes, from 0.26 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SKUK.AS vs. ISDW.L — Risk / Return Rank

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

SKUK.AS

SKUK.AS Risk / Return Rank: 37
SKUK.AS Sharpe Ratio Rank: 39
SKUK.AS Sortino Ratio Rank: 42
SKUK.AS Omega Ratio Rank: 43
SKUK.AS Calmar Ratio Rank: 28
SKUK.AS Martin Ratio Rank: 34

ISDW.L

ISDW.L Risk / Return Rank: 77
ISDW.L Sharpe Ratio Rank: 74
ISDW.L Sortino Ratio Rank: 75
ISDW.L Omega Ratio Rank: 71
ISDW.L Calmar Ratio Rank: 87
ISDW.L Martin Ratio Rank: 78

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.

SKUK.AS vs. ISDW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) and iShares MSCI World Islamic UCITS (ISDW.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.

	SKUK.AS	ISDW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.78	-0.73
Sortino ratio: Return per unit of downside risk	1.64	2.53	-0.89
Omega ratio: Gain probability vs. loss probability	1.21	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	1.01	3.72	-2.71
Martin ratio: Return relative to average drawdown	3.73	10.74	-7.01

SKUK.AS vs. ISDW.L - Sharpe Ratio Comparison

The current SKUK.AS Sharpe Ratio is 1.06, which is lower than the ISDW.L Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SKUK.AS and ISDW.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

SKUK.AS vs. ISDW.L - Drawdown Comparison

The maximum SKUK.AS drawdown since its inception was -3.33%, smaller than the maximum ISDW.L drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for SKUK.AS and ISDW.L.

Drawdown Indicators

	SKUK.AS	ISDW.L	Difference
Max Drawdown Largest peak-to-trough decline	-3.33%	-49.35%	+46.02%
Max Drawdown (1Y) Largest decline over 1 year	-3.33%	-6.92%	+3.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.76%	—
Current Drawdown Current decline from peak	-0.89%	-4.57%	+3.68%
Average Drawdown Average peak-to-trough decline	-0.65%	-7.52%	+6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	2.40%	-1.49%

Volatility

SKUK.AS vs. ISDW.L - Volatility Comparison

The current volatility for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) is 0.59%, while iShares MSCI World Islamic UCITS (ISDW.L) has a volatility of 5.44%. This indicates that SKUK.AS experiences smaller price fluctuations and is considered to be less risky than ISDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKUK.AS	ISDW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	5.44%	-4.85%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	11.97%	-9.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	14.46%	-11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.15%	15.93%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.15%	15.65%	-12.50%

SKUK.AS vs. ISDW.L - Expense Ratio Comparison

SKUK.AS has a 0.40% expense ratio, which is higher than ISDW.L's 0.30% expense ratio.

Dividends

SKUK.AS vs. ISDW.L - Dividend Comparison

SKUK.AS's dividend yield for the trailing twelve months is around 4.81%, more than ISDW.L's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISDW.L iShares MSCI World Islamic UCITS	0.99%	1.11%	1.38%	1.56%	2.03%	1.47%	1.38%	1.80%	1.87%	1.54%	1.70%	1.77%
SKUK.AS iShares $ Sukuk UCITS ETF USD (Dist)	4.81%	2.41%	4.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SKUK.AS and ISDW.L in my portfolio?

SKUK.AS and ISDW.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SKUK.AS or ISDW.L?

On fees, ISDW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SKUK.AS or ISDW.L?

ISDW.L is cheaper with a 0.30% expense ratio, compared with 0.40% for SKUK.AS.

What is the main difference between SKUK.AS and ISDW.L?

SKUK.AS is categorized as Emerging Markets Bonds, while ISDW.L is Global Equities. SKUK.AS tracks J.P. Morgan EM Aggregate Sukuk Index, while ISDW.L tracks MSCI World Islamic Index. Their fees differ too: 0.40% for SKUK.AS and 0.30% for ISDW.L.