SMT.L vs. ISWD.L
SMT.L (Scottish Mortgage Investment Trust plc) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds. SMT.L is actively managed, while ISWD.L is passively managed. Over the past 10 years, SMT.L returned 19.70%/yr vs 12.58%/yr for ISWD.L. A 0.54 correlation means they provide meaningful diversification when combined. SMT.L charges 0.31%/yr vs 0.60%/yr for ISWD.L.
Performance
SMT.L vs. ISWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SMT.L achieves a 27.32% return, which is significantly higher than ISWD.L's 20.06% return. Over the past 10 years, SMT.L has outperformed ISWD.L with an annualized return of 19.70%, while ISWD.L has yielded a comparatively lower 12.58% annualized return.
SMT.L
- 1D
- -1.53%
- 1M
- 5.30%
- YTD
- 27.32%
- 6M
- 42.05%
- 1Y
- 51.19%
- 3Y*
- 30.43%
- 5Y*
- 4.67%
- 10Y*
- 19.70%
ISWD.L
- 1D
- -0.25%
- 1M
- 9.64%
- YTD
- 20.06%
- 6M
- 20.12%
- 1Y
- 38.63%
- 3Y*
- 15.87%
- 5Y*
- 13.67%
- 10Y*
- 12.58%
SMT.L vs. ISWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 27.32% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 41.09% |
ISWD.L iShares MSCI World Islamic UCITS ETF USD (Dist) | 20.06% | 11.58% | 7.85% | 17.25% | -0.87% | 23.70% | 5.11% | 17.98% | -3.81% | 9.22% |
Correlation
The correlation between SMT.L and ISWD.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2008 | 0.54 |
The correlation between SMT.L and ISWD.L shifts across timeframes, from 0.54 (all time) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SMT.L vs. ISWD.L — Risk / Return Rank
SMT.L
ISWD.L
SMT.L vs. ISWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.
| SMT.L | ISWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.63 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 6.98 | -2.82 |
| Martin ratioReturn relative to average drawdown | 14.08 | 23.95 | -9.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMT.L | ISWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 3.40 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 1.03 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.88 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.74 | -0.18 |
Drawdowns
SMT.L vs. ISWD.L - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -62.61%, which is greater than ISWD.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for SMT.L and ISWD.L.
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Drawdown Indicators
| SMT.L | ISWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.61% | -31.52% | -31.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -5.51% | -6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -28.05% | -21.00% | -7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -21.00% | -39.11% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | -24.90% | -35.21% |
Current DrawdownCurrent decline from peak | -2.27% | -0.25% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -3.60% | -12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.61% | +2.01% |
Volatility
SMT.L vs. ISWD.L - Volatility Comparison
Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 4.49% compared to iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) at 3.64%. This indicates that SMT.L's price experiences larger fluctuations and is considered to be riskier than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMT.L | ISWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.64% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 8.41% | +7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 11.32% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 13.27% | +16.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 14.33% | +14.43% |
SMT.L vs. ISWD.L - Expense Ratio Comparison
SMT.L has a 0.31% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.
Dividends
SMT.L vs. ISWD.L - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.29%, less than ISWD.L's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISWD.L iShares MSCI World Islamic UCITS ETF USD (Dist) | 1.27% | 1.50% | 1.74% | 1.99% | 2.43% | 1.98% | 1.88% | 2.37% | 2.39% | 2.09% | 2.09% | 2.62% |
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
Frequently Asked Questions
SMT.L and ISWD.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMT.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMT.L is cheaper with a 0.31% expense ratio, compared with 0.60% for ISWD.L.
They also come from different issuers: Baillie Gifford Funds and iShares. Their fees differ too: 0.31% for SMT.L and 0.60% for ISWD.L.
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