SRSA.L vs. SWDA.L
SRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, SRSA.L returned 6.41%/yr vs 12.77%/yr for SWDA.L. A 0.54 correlation means they provide meaningful diversification when combined. SRSA.L charges 0.65%/yr vs 0.20%/yr for SWDA.L.
Performance
SRSA.L vs. SWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SRSA.L achieves a -4.79% return, which is significantly lower than SWDA.L's 9.95% return. Over the past 10 years, SRSA.L has underperformed SWDA.L with an annualized return of 6.41%, while SWDA.L has yielded a comparatively higher 12.77% annualized return.
SRSA.L
- 1D
- 1.37%
- 1M
- -5.51%
- 6M
- -10.99%
- YTD
- -4.79%
- 1Y
- 31.31%
- 3Y*
- 20.62%
- 5Y*
- 11.36%
- 10Y*
- 6.41%
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%
SRSA.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.79% | 65.31% | 9.25% | -5.19% | 7.61% | 5.31% | -5.99% | 5.20% | -21.09% | 24.74% |
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 SRSA.L and SWDA.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2010 | 0.54 |
The correlation between SRSA.L and SWDA.L shifts across timeframes, from 0.40 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SRSA.L vs. SWDA.L — Risk / Return Rank
SRSA.L
SWDA.L
SRSA.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.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.
| SRSA.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.20 | -1.86 |
| Martin ratioReturn relative to average drawdown | 2.92 | 12.47 | -9.55 |
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Drawdowns
SRSA.L vs. SWDA.L - Drawdown Comparison
The maximum SRSA.L drawdown since its inception was -52.58%, 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 SRSA.L and SWDA.L.
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Drawdown Indicators
| SRSA.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -41.70% | -10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -23.06% | -6.55% | -16.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.05% | -18.50% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -18.50% | -9.26% |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | -25.58% | -27.00% |
Current DrawdownCurrent decline from peak | -20.04% | -1.05% | -18.99% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -9.44% | -7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 1.69% | +8.91% |
Volatility
SRSA.L vs. SWDA.L - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) has a higher volatility of 6.81% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.61%. This indicates that SRSA.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
| SRSA.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 2.61% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 25.83% | 7.86% | +17.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 10.57% | +19.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.66% | 13.36% | +15.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.97% | 14.50% | +17.47% |
SRSA.L vs. SWDA.L - Expense Ratio Comparison
SRSA.L has a 0.65% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
SRSA.L vs. SWDA.L - Dividend Comparison
Neither SRSA.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
SRSA.L and SWDA.L have a correlation of 0.43, 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 0.65% for SRSA.L.
SRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.65% for SRSA.L and 0.20% for SWDA.L.
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