SWDA.L vs. IS3Q.DE
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds from iShares - SWDA.L tracks the MSCI World Index while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, SWDA.L returned 13.92%/yr vs 13.32%/yr for IS3Q.DE. Their correlation of 0.89 suggests significant overlap in exposure. SWDA.L charges 0.20%/yr vs 0.30%/yr for IS3Q.DE.
Performance
SWDA.L vs. IS3Q.DE - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while IS3Q.DE is traded in EUR. To make them comparable, the IS3Q.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SWDA.L having a 8.84% return and IS3Q.DE slightly higher at 9.09%. Both investments have delivered pretty close results over the past 10 years, with SWDA.L having a 13.92% annualized return and IS3Q.DE not far behind at 13.32%.
SWDA.L
- 1D
- 1.55%
- 1M
- 1.62%
- YTD
- 8.84%
- 6M
- 9.32%
- 1Y
- 24.97%
- 3Y*
- 17.08%
- 5Y*
- 12.61%
- 10Y*
- 13.92%
IS3Q.DE
- 1D
- 1.28%
- 1M
- 3.33%
- YTD
- 9.09%
- 6M
- 9.61%
- 1Y
- 22.29%
- 3Y*
- 15.43%
- 5Y*
- 11.39%
- 10Y*
- 13.32%
SWDA.L vs. IS3Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.84% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.09% | 8.15% | 18.39% | 19.26% | -10.16% | 24.79% | 10.33% | 26.97% | -2.10% | 12.97% |
Correlation
The correlation between SWDA.L and IS3Q.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.89 |
The correlation between SWDA.L and IS3Q.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
SWDA.L vs. IS3Q.DE — Risk / Return Rank
SWDA.L
IS3Q.DE
SWDA.L vs. IS3Q.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 Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 3.27 | +0.53 |
| Martin ratioReturn relative to average drawdown | 14.90 | 13.63 | +1.27 |
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Drawdowns
SWDA.L vs. IS3Q.DE - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than IS3Q.DE's maximum drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for SWDA.L and IS3Q.DE.
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Drawdown Indicators
| SWDA.L | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -25.24% | -16.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.79% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -18.79% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -18.79% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -24.73% | -0.85% |
Current DrawdownCurrent decline from peak | -1.23% | 0.00% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -5.94% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.63% | +0.04% |
Volatility
SWDA.L vs. IS3Q.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a higher volatility of 3.28% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.53%. This indicates that SWDA.L's price experiences larger fluctuations and is considered to be riskier than IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.53% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 7.33% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 10.32% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 13.75% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 15.66% | -1.08% |
SWDA.L vs. IS3Q.DE - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
SWDA.L vs. IS3Q.DE - Dividend Comparison
Neither SWDA.L nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and IS3Q.DE have a correlation of 0.90, 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 IS3Q.DE.
SWDA.L tracks MSCI World Index, while IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.20% for SWDA.L and 0.30% for IS3Q.DE.
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