SWDA.L vs. CSNDX.MI
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SWDA.L returned 14.16%/yr vs 22.42%/yr for CSNDX.MI. A 0.77 correlation means they provide meaningful diversification when combined. SWDA.L charges 0.20%/yr vs 0.30%/yr for CSNDX.MI.
Performance
SWDA.L vs. CSNDX.MI - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while CSNDX.MI is traded in EUR. To make them comparable, the CSNDX.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWDA.L achieves a 10.17% return, which is significantly lower than CSNDX.MI's 19.42% return. Over the past 10 years, SWDA.L has underperformed CSNDX.MI with an annualized return of 14.16%, while CSNDX.MI has yielded a comparatively higher 22.42% annualized return.
SWDA.L
- 1D
- 1.23%
- 1M
- 1.62%
- YTD
- 10.17%
- 6M
- 10.55%
- 1Y
- 27.05%
- 3Y*
- 17.68%
- 5Y*
- 12.78%
- 10Y*
- 14.16%
CSNDX.MI
- 1D
- -0.73%
- 1M
- 3.01%
- YTD
- 19.42%
- 6M
- 20.25%
- 1Y
- 41.50%
- 3Y*
- 24.65%
- 5Y*
- 18.82%
- 10Y*
- 22.42%
SWDA.L vs. CSNDX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.42% | 12.29% | 29.20% | 47.07% | -26.42% | 29.96% | 43.10% | 34.53% | 5.08% | 21.31% |
Correlation
The correlation between SWDA.L and CSNDX.MI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2010 | 0.77 |
The correlation between SWDA.L and CSNDX.MI has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
SWDA.L vs. CSNDX.MI — Risk / Return Rank
SWDA.L
CSNDX.MI
SWDA.L vs. CSNDX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI). 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.
| SWDA.L | CSNDX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 3.78 | +0.34 |
| Martin ratioReturn relative to average drawdown | 16.14 | 10.94 | +5.21 |
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Drawdowns
SWDA.L vs. CSNDX.MI - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than CSNDX.MI's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for SWDA.L and CSNDX.MI.
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Drawdown Indicators
| SWDA.L | CSNDX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -27.56% | -14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -10.94% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -25.15% | +6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -27.56% | +9.06% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -27.56% | +1.98% |
Current DrawdownCurrent decline from peak | -0.02% | -0.73% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -4.63% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.78% | -2.11% |
Volatility
SWDA.L vs. CSNDX.MI - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 3.25%, while iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) has a volatility of 4.54%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than CSNDX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWDA.L | CSNDX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 4.54% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 10.52% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 15.12% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 19.37% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 19.55% | -4.96% |
SWDA.L vs. CSNDX.MI - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is lower than CSNDX.MI's 0.30% expense ratio.
Dividends
SWDA.L vs. CSNDX.MI - Dividend Comparison
Neither SWDA.L nor CSNDX.MI has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and CSNDX.MI have a correlation of 0.82, 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 0.30% for CSNDX.MI.
SWDA.L is categorized as Global Equities, while CSNDX.MI is Nasdaq-100. SWDA.L tracks MSCI World Index, while CSNDX.MI tracks NASDAQ-100 Index. Their fees differ too: 0.20% for SWDA.L and 0.30% for CSNDX.MI.
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