SMBS.L vs. SWDA.L
SMBS.L (iShares US Mortgage Backed Securities UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SMBS.L is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, SMBS.L returned 1.85%/yr vs 13.91%/yr for SWDA.L. At a 0.21 correlation, their price movements are largely independent. SMBS.L charges 0.28%/yr vs 0.20%/yr for SWDA.L.
Performance
SMBS.L vs. SWDA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMBS.L achieves a 0.37% return, which is significantly lower than SWDA.L's 10.08% return. Over the past 10 years, SMBS.L has underperformed SWDA.L with an annualized return of 1.85%, while SWDA.L has yielded a comparatively higher 13.91% annualized return.
SMBS.L
- 1D
- 0.17%
- 1M
- 1.23%
- YTD
- 0.37%
- 6M
- 0.34%
- 1Y
- 7.14%
- 3Y*
- 1.47%
- 5Y*
- 1.21%
- 10Y*
- 1.85%
SWDA.L
- 1D
- 0.15%
- 1M
- 5.12%
- YTD
- 10.08%
- 6M
- 10.35%
- 1Y
- 27.25%
- 3Y*
- 17.68%
- 5Y*
- 13.06%
- 10Y*
- 13.91%
SMBS.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 0.37% | 1.02% | 3.07% | -1.87% | -0.85% | -0.38% | 0.15% | 3.04% | 6.19% | -6.73% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.08% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
Correlation
The correlation between SMBS.L and SWDA.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 26, 2016 | 0.21 |
The correlation between SMBS.L and SWDA.L shifts across timeframes, from 0.07 (5 years) to 0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMBS.L vs. SWDA.L — Risk / Return Rank
SMBS.L
SWDA.L
SMBS.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
| SMBS.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.51 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.14 | -2.49 |
| Martin ratioReturn relative to average drawdown | 4.26 | 16.55 | -12.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SMBS.L | SWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.66 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.98 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.96 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.88 | -0.68 |
Drawdowns
SMBS.L vs. SWDA.L - Drawdown Comparison
The maximum SMBS.L drawdown since its inception was -20.65%, smaller than the maximum SWDA.L drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for SMBS.L and SWDA.L.
Loading charts...
Drawdown Indicators
| SMBS.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.65% | -25.58% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.30% | -6.55% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.46% | -18.50% | +10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -18.50% | +3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -20.65% | -25.58% | +4.93% |
Current DrawdownCurrent decline from peak | -12.50% | -0.10% | -12.40% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -3.49% | -7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.64% | +0.03% |
Volatility
SMBS.L vs. SWDA.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) is 1.65%, while iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a volatility of 2.52%. This indicates that SMBS.L experiences smaller price fluctuations and is considered to be less risky than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMBS.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 2.52% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 7.29% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 10.19% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 13.30% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.03% | 14.50% | -4.47% |
SMBS.L vs. SWDA.L - Expense Ratio Comparison
SMBS.L has a 0.28% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
SMBS.L vs. SWDA.L - Dividend Comparison
SMBS.L's dividend yield for the trailing twelve months is around 3.56%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 3.56% | 3.57% | 3.50% | 3.23% | 2.39% | 2.22% | 2.71% | 3.06% | 2.99% | 3.00% | 1.51% |
SWDA.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% |
Frequently Asked Questions
SMBS.L and SWDA.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.28% for SMBS.L.
SMBS.L is categorized as Mortgage Backed Securities, while SWDA.L is Global Equities. SMBS.L tracks Bloomberg US Mortgage Backed Securities Index, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.28% for SMBS.L and 0.20% for SWDA.L.
Find the right allocation for SMBS.L and SWDA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer