PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SWDA.L vs. IMEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWDA.L vs. IMEU.L

Last updated Jun 5, 2026

SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and IMEU.L (iShares MSCI Europe UCITS Dist) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while IMEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, SWDA.L returned 13.91%/yr vs 10.70%/yr for IMEU.L. A 0.77 correlation means they provide meaningful diversification when combined. SWDA.L charges 0.20%/yr vs 1.00%/yr for IMEU.L.

Performance

SWDA.L vs. IMEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and iShares MSCI Europe UCITS Dist (IMEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SWDA.L achieves a 10.08% return, which is significantly higher than IMEU.L's 6.98% return. Over the past 10 years, SWDA.L has outperformed IMEU.L with an annualized return of 13.91%, while IMEU.L has yielded a comparatively lower 10.70% annualized return.

SWDA.L

1D
0.15%
1M
5.12%
YTD
10.08%
6M
10.35%
1Y
27.25%
3Y*
17.68%
5Y*
13.06%
10Y*
13.91%

IMEU.L

1D
0.82%
1M
3.92%
YTD
6.98%
6M
9.21%
1Y
20.02%
3Y*
14.37%
5Y*
10.63%
10Y*
10.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDA.L vs. IMEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.08%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%
IMEU.L
iShares MSCI Europe UCITS Dist		6.98%26.50%4.39%13.45%-2.93%17.55%2.64%20.21%-8.95%15.22%

Correlation

The correlation between SWDA.L and IMEU.L is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2009

0.77

The correlation between SWDA.L and IMEU.L shifts across timeframes, from 0.69 (3 years) to 0.81 (10 years), reflecting how their relationship changes across market environments.

SWDA.L vs. IMEU.L - Sectors Allocation Comparison

Sectors
SWDA.L
IMEU.L

Technology

30.0%
9.5%

Financial Services

15.4%
23.1%

Industrials

10.9%
19.3%

Communication Services

9.2%
3.9%

Consumer Cyclical

9.0%
6.4%

Healthcare

8.7%
13.1%

Consumer Defensive

5.2%
8.4%

Energy

4.2%
5.1%

Basic Materials

3.2%
5.6%

Utilities

2.5%
4.8%

Real Estate

1.8%
0.8%

Technology

SWDA.L
30.0%
IMEU.L
9.5%

Financial Services

SWDA.L
15.4%
IMEU.L
23.1%

Industrials

SWDA.L
10.9%
IMEU.L
19.3%

Communication Services

SWDA.L
9.2%
IMEU.L
3.9%

Consumer Cyclical

SWDA.L
9.0%
IMEU.L
6.4%

Healthcare

SWDA.L
8.7%
IMEU.L
13.1%

Consumer Defensive

SWDA.L
5.2%
IMEU.L
8.4%

Energy

SWDA.L
4.2%
IMEU.L
5.1%

Basic Materials

SWDA.L
3.2%
IMEU.L
5.6%

Utilities

SWDA.L
2.5%
IMEU.L
4.8%

Real Estate

SWDA.L
1.8%
IMEU.L
0.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI World UCITS ETF USD (Acc)

iShares MSCI Europe UCITS Dist

Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO
Often compared with IMEU.L:
IMEU.L vs. IEURIMEU.L vs. VEUR.ASIMEU.L vs. VGKIMEU.L vs. VEUR.LIMEU.L vs. XDEW.DEIMEU.L vs. EUE.LIMEU.L vs. VOO

Return for Risk

SWDA.L vs. IMEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
Martin Ratio Rank
IMEU.L
IMEU.L Risk / Return Rank: 4646
Overall Rank
IMEU.L Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IMEU.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
IMEU.L Omega Ratio Rank: 5151
Omega Ratio Rank
IMEU.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
IMEU.L Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWDA.L vs. IMEU.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 iShares MSCI Europe UCITS Dist (IMEU.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.

SWDA.LIMEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.66
1.66

+1.01

Sortino ratioReturn per unit of downside risk
3.69
2.33

+1.36

Omega ratioGain probability vs. loss probability

1.51

1.32

+0.19

Calmar ratioReturn relative to maximum drawdown

4.14

1.88

+2.26

Martin ratioReturn relative to average drawdown

16.55

6.73

+9.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWDA.L vs. IMEU.L - Sharpe Ratio Comparison

The current SWDA.L Sharpe Ratio is 2.66, which is higher than the IMEU.L Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of SWDA.L and IMEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

SWDA.LIMEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

1.66

+1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

0.77

+0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

0.72

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.41

+0.47

Drawdowns

SWDA.L vs. IMEU.L - Drawdown Comparison

The maximum SWDA.L drawdown since its inception was -25.58%, smaller than the maximum IMEU.L drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for SWDA.L and IMEU.L.

Loading charts...

Drawdown Indicators

SWDA.LIMEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.58%

-43.51%

+17.93%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-10.59%

+4.04%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-12.55%

-5.95%

Max Drawdown (5Y)

Largest decline over 5 years

-18.50%

-15.81%

-2.69%

Max Drawdown (10Y)

Largest decline over 10 years

-25.58%

-28.68%

+3.10%

Current Drawdown

Current decline from peak

-0.10%

-1.11%

+1.01%

Average Drawdown

Average peak-to-trough decline

-3.49%

-6.17%

+2.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

2.97%

-1.33%

Volatility

SWDA.L vs. IMEU.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.52%, while iShares MSCI Europe UCITS Dist (IMEU.L) has a volatility of 3.92%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than IMEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SWDA.LIMEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

3.92%

-1.40%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

10.09%

-2.80%

Volatility (1Y)

Calculated over the trailing 1-year period

10.19%

12.05%

-1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.30%

13.74%

-0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.50%

14.85%

-0.35%

SWDA.L vs. IMEU.L - Expense Ratio Comparison

SWDA.L has a 0.20% expense ratio, which is lower than IMEU.L's 1.00% expense ratio.

Dividends

SWDA.L vs. IMEU.L - Dividend Comparison

SWDA.L has not paid dividends to shareholders, while IMEU.L's dividend yield for the trailing twelve months is around 2.93%.

PositionTTM20252024202320222021202020192018201720162015
IMEU.L
iShares MSCI Europe UCITS Dist		2.93%2.92%3.46%3.31%3.29%2.68%2.30%3.59%3.61%2.97%3.34%3.62%
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%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SWDA.L and IMEU.L have a correlation of 0.74, 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 1.00% for IMEU.L.

SWDA.L is categorized as Global Equities, while IMEU.L is Europe Equities. SWDA.L tracks MSCI World Index, while IMEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.20% for SWDA.L and 1.00% for IMEU.L.

Portfolio Optimizer

Find the right allocation for SWDA.L and IMEU.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer