SUSM.L vs. SWDA.L
SUSM.L (iShares MSCI EM SRI UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SUSM.L is a Emerging Markets Equities fund tracking the MSCI EM SRI Select Reduced Fossil Fuel Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SUSM.L returned 3.24%/yr vs 11.55%/yr for SWDA.L. A 0.64 correlation means they provide meaningful diversification when combined. SUSM.L charges 0.25%/yr vs 0.20%/yr for SWDA.L.
Performance
SUSM.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
SUSM.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUSM.L achieves a 10.99% return, which is significantly higher than SWDA.L's 8.27% return.
SUSM.L
- 1D
- -0.98%
- 1M
- -4.70%
- YTD
- 10.99%
- 6M
- 13.35%
- 1Y
- 32.03%
- 3Y*
- 15.03%
- 5Y*
- 3.24%
- 10Y*
- —
SWDA.L
- 1D
- -1.41%
- 1M
- 0.84%
- YTD
- 8.27%
- 6M
- 9.13%
- 1Y
- 23.93%
- 3Y*
- 20.18%
- 5Y*
- 11.55%
- 10Y*
- 12.85%
SUSM.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSM.L iShares MSCI EM SRI UCITS ETF USD (Acc) | 10.99% | 32.23% | 4.76% | 1.17% | -18.34% | -1.05% | 19.02% | 14.88% | -10.27% | 34.67% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.27% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between SUSM.L and SWDA.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2016 | 0.64 |
The correlation between SUSM.L and SWDA.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
SUSM.L vs. SWDA.L — Risk / Return Rank
SUSM.L
SWDA.L
SUSM.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF USD (Acc) (SUSM.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.
| SUSM.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.78 | -0.19 |
| Martin ratioReturn relative to average drawdown | 8.91 | 12.24 | -3.33 |
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
| SUSM.L | SWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.08 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.76 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.43 | -0.04 |
Drawdowns
SUSM.L vs. SWDA.L - Drawdown Comparison
The maximum SUSM.L drawdown since its inception was -40.77%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for SUSM.L and SWDA.L.
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Drawdown Indicators
| SUSM.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.77% | -45.69% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -8.59% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -17.07% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -35.54% | -26.50% | -9.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.61% | — |
Current DrawdownCurrent decline from peak | -6.78% | -1.82% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -13.90% | -11.22% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 1.96% | +1.63% |
Volatility
SUSM.L vs. SWDA.L - Volatility Comparison
iShares MSCI EM SRI UCITS ETF USD (Acc) (SUSM.L) has a higher volatility of 7.13% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.78%. This indicates that SUSM.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
| SUSM.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 2.78% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 8.72% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 11.50% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.29% | 15.32% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.23% | 15.83% | +4.40% |
SUSM.L vs. SWDA.L - Expense Ratio Comparison
SUSM.L has a 0.25% expense ratio, which is higher than SWDA.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SUSM.L vs. SWDA.L - Dividend Comparison
Neither SUSM.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
SUSM.L and SWDA.L have a correlation of 0.72, 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 0.25% for SUSM.L.
SUSM.L is categorized as Emerging Markets Equities, while SWDA.L is Global Equities. SUSM.L tracks MSCI EM SRI Select Reduced Fossil Fuel Index, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.25% for SUSM.L and 0.20% for SWDA.L.
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