SUJA.L vs. SWDA.L

Last updated Jun 5, 2026

SUJA.L (iShares MSCI Japan SRI UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SUJA.L is a Japan Equities fund tracking the TOPIX TR JPY, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SUJA.L returned 4.37%/yr vs 13.06%/yr for SWDA.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

SUJA.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUJA.L achieves a 3.53% return, which is significantly lower than SWDA.L's 10.08% return.

SUJA.L

• 1D: -0.04%
• 1M: 4.35%
• YTD: 3.53%
• 6M: 3.22%
• 1Y: 14.21%
• 3Y*: 6.15%
• 5Y*: 4.37%
• 10Y*: —

SWDA.L

• 1D: 0.15%
• 1M: 3.75%
• YTD: 10.08%
• 6M: 9.92%
• 1Y: 27.16%
• 3Y*: 17.68%
• 5Y*: 13.06%
• 10Y*: 13.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SUJA.L vs. SWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SUJA.L iShares MSCI Japan SRI UCITS ETF USD (Acc)	3.53%	11.08%	4.65%	7.41%	-8.78%	2.14%	13.75%	18.34%	-9.18%	6.25%
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%	5.19%

Correlation

The correlation between SUJA.L and SWDA.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017	0.61

The correlation between SUJA.L and SWDA.L has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

SUJA.L vs. SWDA.L - Sectors Allocation Comparison

Sectors	SUJA.L	SWDA.L
Industrials	21.6%	10.9%
Technology	19.5%	30.0%
Financial Services	18.0%	15.4%
Consumer Cyclical	13.5%	9.0%
Communication Services	12.2%	9.2%
Healthcare	7.6%	8.7%
Real Estate	3.0%	1.8%
Consumer Defensive	2.7%	5.2%
Basic Materials	1.9%	3.2%
Energy	-	4.2%
Utilities	-	2.5%

Return for Risk

SUJA.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SUJA.L

SUJA.L Risk / Return Rank: 24
SUJA.L Sharpe Ratio Rank: 22
SUJA.L Sortino Ratio Rank: 22
SUJA.L Omega Ratio Rank: 22
SUJA.L Calmar Ratio Rank: 27
SUJA.L Martin Ratio Rank: 26

SWDA.L

SWDA.L Risk / Return Rank: 83
SWDA.L Sharpe Ratio Rank: 83
SWDA.L Sortino Ratio Rank: 83
SWDA.L Omega Ratio Rank: 84
SWDA.L Calmar Ratio Rank: 81
SWDA.L Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SUJA.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.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.

	SUJA.L	SWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.73	2.66	-1.93
Sortino ratio: Return per unit of downside risk	1.16	3.69	-2.54
Omega ratio: Gain probability vs. loss probability	1.14	1.51	-0.36
Calmar ratio: Return relative to maximum drawdown	1.24	4.14	-2.90
Martin ratio: Return relative to average drawdown	3.53	16.55	-13.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUJA.L vs. SWDA.L - Sharpe Ratio Comparison

The current SUJA.L Sharpe Ratio is 0.73, which is lower than the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of SUJA.L and SWDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SUJA.L	SWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	2.66	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.98	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.88	-0.56

Drawdowns

SUJA.L vs. SWDA.L - Drawdown Comparison

The maximum SUJA.L drawdown since its inception was -23.81%, smaller than the maximum SWDA.L drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for SUJA.L and SWDA.L.

Drawdown Indicators

	SUJA.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.81%	-25.58%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-6.55%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-12.83%	-18.50%	+5.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.93%	-18.50%	-2.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.58%	—
Current Drawdown Current decline from peak	-1.80%	-0.10%	-1.70%
Average Drawdown Average peak-to-trough decline	-7.00%	-3.49%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	1.64%	+2.09%

Volatility

SUJA.L vs. SWDA.L - Volatility Comparison

iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.L) has a higher volatility of 4.72% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that SUJA.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.

Volatility by Period

	SUJA.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	2.52%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	14.49%	7.29%	+7.20%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	10.19%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	13.30%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	14.50%	+2.53%

SUJA.L vs. SWDA.L - Expense Ratio Comparison

Both SUJA.L and SWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SUJA.L vs. SWDA.L - Dividend Comparison

Neither SUJA.L nor SWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SUJA.L and SWDA.L in my portfolio?

SUJA.L and SWDA.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUJA.L or SWDA.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUJA.L or SWDA.L?

SUJA.L and SWDA.L have the same expense ratio: 0.20% per year.

What is the main difference between SUJA.L and SWDA.L?

SUJA.L is categorized as Japan Equities, while SWDA.L is Global Equities. SUJA.L tracks TOPIX TR JPY, while SWDA.L tracks MSCI World Index.