SWDA.L vs. G500.L
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - SWDA.L tracks the MSCI World Index while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, SWDA.L returned 12.11%/yr vs 12.15%/yr for G500.L. Their correlation of 0.81 suggests significant overlap in exposure. SWDA.L charges 0.20%/yr vs 0.05%/yr for G500.L.
Performance
SWDA.L vs. G500.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SWDA.L having a 9.95% return and G500.L slightly lower at 9.90%.
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%
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
SWDA.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 11.87% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
Correlation
The correlation between SWDA.L and G500.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.81 |
The correlation between SWDA.L and G500.L has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
SWDA.L vs. G500.L — Risk / Return Rank
SWDA.L
G500.L
SWDA.L vs. G500.L - 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 Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| SWDA.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.65 | +0.55 |
| Martin ratioReturn relative to average drawdown | 12.47 | 10.68 | +1.79 |
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Drawdowns
SWDA.L vs. G500.L - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for SWDA.L and G500.L.
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Drawdown Indicators
| SWDA.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -25.20% | -16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -8.21% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -18.22% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -25.20% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.66% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -5.31% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.04% | -0.35% |
Volatility
SWDA.L vs. G500.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.61%, while Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) has a volatility of 2.79%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than G500.L 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 | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.79% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 9.28% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 12.06% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 15.99% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 15.87% | -1.37% |
SWDA.L vs. G500.L - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is higher than G500.L's 0.05% 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
SWDA.L vs. G500.L - Dividend Comparison
Neither SWDA.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and G500.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.20% for SWDA.L.
SWDA.L tracks MSCI World Index, while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SWDA.L and 0.05% for G500.L.
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