SWDA.L vs. ICGA.DE
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while ICGA.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 5 years, SWDA.L returned 12.78%/yr vs -3.76%/yr for ICGA.DE. At a 0.42 correlation, their price movements are largely independent. SWDA.L charges 0.20%/yr vs 0.28%/yr for ICGA.DE.
Performance
SWDA.L vs. ICGA.DE - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while ICGA.DE is traded in EUR. To make them comparable, the ICGA.DE 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 higher than ICGA.DE's -8.07% 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%
ICGA.DE
- 1D
- 1.19%
- 1M
- -3.14%
- YTD
- -8.07%
- 6M
- -8.22%
- 1Y
- 4.75%
- 3Y*
- 6.52%
- 5Y*
- -3.76%
- 10Y*
- —
SWDA.L vs. ICGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 4.81% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -8.07% | 22.66% | 21.77% | -16.57% | -10.42% | -23.17% | 21.85% | 8.88% |
Correlation
The correlation between SWDA.L and ICGA.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.42 |
The correlation between SWDA.L and ICGA.DE shifts across timeframes, from 0.32 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SWDA.L vs. ICGA.DE — Risk / Return Rank
SWDA.L
ICGA.DE
SWDA.L vs. ICGA.DE - 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 MSCI China UCITS ETF USD Acc (ICGA.DE). 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 | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.06 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 0.26 | +3.85 |
| Martin ratioReturn relative to average drawdown | 16.14 | 0.55 | +15.60 |
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Drawdowns
SWDA.L vs. ICGA.DE - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, smaller than the maximum ICGA.DE drawdown of -56.71%. Use the drawdown chart below to compare losses from any high point for SWDA.L and ICGA.DE.
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Drawdown Indicators
| SWDA.L | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -56.71% | +15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -18.34% | +11.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -24.31% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -49.44% | +30.94% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -33.45% | +33.43% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -29.56% | +20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 8.68% | -7.01% |
Volatility
SWDA.L vs. ICGA.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 3.25%, while iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a volatility of 5.98%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than ICGA.DE 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 | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.98% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 13.48% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 18.52% | -8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 27.65% | -14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 26.85% | -12.26% |
SWDA.L vs. ICGA.DE - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is lower than ICGA.DE's 0.28% expense ratio.
Dividends
SWDA.L vs. ICGA.DE - Dividend Comparison
Neither SWDA.L nor ICGA.DE has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and ICGA.DE have a correlation of 0.41, 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 0.28% for ICGA.DE.
SWDA.L is categorized as Global Equities, while ICGA.DE is China Equities. SWDA.L tracks MSCI World Index, while ICGA.DE tracks MSCI China. Their fees differ too: 0.20% for SWDA.L and 0.28% for ICGA.DE.
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