SRSA.L vs. WRDA.L
SRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - SRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, SRSA.L returned 31.31% vs 22.06% for WRDA.L. At a 0.41 correlation, their price movements are largely independent. SRSA.L charges 0.65%/yr vs 0.06%/yr for WRDA.L.
Performance
SRSA.L vs. WRDA.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 WRDA.L's 10.72% 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%
WRDA.L
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 9.40%
- YTD
- 10.72%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRSA.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.79% | 65.31% | 15.21% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.72% | 12.77% | 20.02% |
Correlation
The correlation between SRSA.L and WRDA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.41 |
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Return for Risk
SRSA.L vs. WRDA.L — Risk / Return Rank
SRSA.L
WRDA.L
SRSA.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.81 | +0.54 |
| Martin ratioReturn relative to average drawdown | 2.92 | 1.18 | +1.75 |
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Drawdowns
SRSA.L vs. WRDA.L - Drawdown Comparison
The maximum SRSA.L drawdown since its inception was -52.58%, which is greater than WRDA.L's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for SRSA.L and WRDA.L.
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Drawdown Indicators
| SRSA.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -27.39% | -25.19% |
Max Drawdown (1Y)Largest decline over 1 year | -23.06% | -27.39% | +4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -27.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | — | — |
Current DrawdownCurrent decline from peak | -20.04% | -15.98% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -8.18% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 18.75% | -8.15% |
Volatility
SRSA.L vs. WRDA.L - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) has a higher volatility of 6.81% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.72%. This indicates that SRSA.L's price experiences larger fluctuations and is considered to be riskier than WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 2.72% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 25.83% | 7.90% | +17.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 43.22% | -12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.66% | 29.46% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.97% | 29.46% | +2.51% |
SRSA.L vs. WRDA.L - Expense Ratio Comparison
SRSA.L has a 0.65% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
SRSA.L vs. WRDA.L - Dividend Comparison
Neither SRSA.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
SRSA.L and WRDA.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.65% for SRSA.L.
SRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while WRDA.L tracks MSCI World Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.65% for SRSA.L and 0.06% for WRDA.L.
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