SPAG.L vs. SWDA.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SPAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, SPAG.L returned 7.09%/yr vs 12.77%/yr for SWDA.L. A 0.68 correlation means they provide meaningful diversification when combined. SPAG.L charges 0.55%/yr vs 0.20%/yr for SWDA.L.
Performance
SPAG.L vs. SWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPAG.L achieves a 11.48% return, which is significantly higher than SWDA.L's 9.95% return. Over the past 10 years, SPAG.L has underperformed SWDA.L with an annualized return of 7.09%, while SWDA.L has yielded a comparatively higher 12.77% annualized return.
SPAG.L
- 1D
- 0.56%
- 1M
- 0.75%
- 6M
- 5.38%
- YTD
- 11.48%
- 1Y
- 13.71%
- 3Y*
- 4.36%
- 5Y*
- 5.00%
- 10Y*
- 7.09%
SWDA.L
- 1D
- -0.55%
- 1M
- -0.21%
- 6M
- 8.73%
- YTD
- 9.95%
- 1Y
- 21.07%
- 3Y*
- 17.79%
- 5Y*
- 12.11%
- 10Y*
- 12.77%
SPAG.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.48% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 6.64% | 13.92% | -7.95% | 9.25% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
Correlation
The correlation between SPAG.L and SWDA.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.68 |
Over the past year, the correlation between SPAG.L and SWDA.L has dropped to 0.17 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
SPAG.L vs. SWDA.L — Risk / Return Rank
SPAG.L
SWDA.L
SPAG.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.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.
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.
| SPAG.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.20 | -1.61 |
| Martin ratioReturn relative to average drawdown | 4.12 | 12.47 | -8.35 |
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Drawdowns
SPAG.L vs. SWDA.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, which is greater than SWDA.L's maximum drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for SPAG.L and SWDA.L.
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Drawdown Indicators
| SPAG.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -41.70% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -6.55% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -18.50% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -18.50% | -13.45% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | -25.58% | -6.37% |
Current DrawdownCurrent decline from peak | -10.54% | -1.05% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -9.44% | -7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 1.69% | +2.03% |
Volatility
SPAG.L vs. SWDA.L - Volatility Comparison
iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) has a higher volatility of 3.21% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.61%. This indicates that SPAG.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPAG.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.61% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 7.86% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 10.57% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 13.36% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 14.50% | +4.46% |
SPAG.L vs. SWDA.L - Expense Ratio Comparison
SPAG.L has a 0.55% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
SPAG.L vs. SWDA.L - Dividend Comparison
Neither SPAG.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and SWDA.L have a correlation of 0.17, 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 0.55% for SPAG.L.
SPAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.55% for SPAG.L and 0.20% for SWDA.L.
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