SWDA.L vs. IBDU
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and IBDU (iShares iBonds Dec 2029 Term Corporate ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index. Both are passively managed. Over the past 5 years, SWDA.L returned 12.61%/yr vs 2.18%/yr for IBDU. At a 0.13 correlation, their price movements are largely independent. SWDA.L charges 0.20%/yr vs 0.10%/yr for IBDU.
Performance
SWDA.L vs. IBDU - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while IBDU is traded in USD. To make them comparable, the IBDU 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 8.84% return, which is significantly higher than IBDU's 1.23% return.
SWDA.L
- 1D
- 1.55%
- 1M
- 0.39%
- YTD
- 8.84%
- 6M
- 9.32%
- 1Y
- 25.52%
- 3Y*
- 17.08%
- 5Y*
- 12.61%
- 10Y*
- 13.92%
IBDU
- 1D
- 0.04%
- 1M
- -0.10%
- YTD
- 1.23%
- 6M
- 0.98%
- 1Y
- 6.16%
- 3Y*
- 3.86%
- 5Y*
- 2.18%
- 10Y*
- —
SWDA.L vs. IBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.84% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 1.57% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 1.23% | -0.07% | 5.43% | 3.23% | -2.70% | -1.12% | 7.13% | -3.31% |
Correlation
The correlation between SWDA.L and IBDU is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.13 |
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Return for Risk
SWDA.L vs. IBDU — Risk / Return Rank
SWDA.L
IBDU
SWDA.L vs. IBDU - 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 iBonds Dec 2029 Term Corporate ETF (IBDU). 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 | IBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 1.31 | +2.49 |
| Martin ratioReturn relative to average drawdown | 14.90 | 3.69 | +11.21 |
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Drawdowns
SWDA.L vs. IBDU - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than IBDU's maximum drawdown of -13.69%. Use the drawdown chart below to compare losses from any high point for SWDA.L and IBDU.
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Drawdown Indicators
| SWDA.L | IBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -13.69% | -28.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -4.80% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -7.77% | -10.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -12.65% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.72% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -6.19% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.70% | -0.03% |
Volatility
SWDA.L vs. IBDU - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a higher volatility of 3.28% compared to iShares iBonds Dec 2029 Term Corporate ETF (IBDU) at 1.30%. This indicates that SWDA.L's price experiences larger fluctuations and is considered to be riskier than IBDU 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 | IBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 1.30% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 4.47% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 5.99% | +4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 8.28% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 9.69% | +4.89% |
SWDA.L vs. IBDU - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is higher than IBDU's 0.10% 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. IBDU - Dividend Comparison
SWDA.L has not paid dividends to shareholders, while IBDU's dividend yield for the trailing twelve months is around 4.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.66% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SWDA.L and IBDU have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDU is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDU is cheaper with a 0.10% expense ratio, compared with 0.20% for SWDA.L.
SWDA.L is categorized as Global Equities, while IBDU is Corporate Bonds. SWDA.L tracks MSCI World Index, while IBDU tracks Bloomberg December 2029 Maturity Corporate Index. Their fees differ too: 0.20% for SWDA.L and 0.10% for IBDU.
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