SWDA.L vs. IS3R.DE
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, SWDA.L returned 13.92%/yr vs 16.39%/yr for IS3R.DE. Their correlation of 0.81 suggests significant overlap in exposure. SWDA.L charges 0.20%/yr vs 0.25%/yr for IS3R.DE.
Performance
SWDA.L vs. IS3R.DE - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while IS3R.DE is traded in EUR. To make them comparable, the IS3R.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 8.84% return, which is significantly lower than IS3R.DE's 22.40% return. Over the past 10 years, SWDA.L has underperformed IS3R.DE with an annualized return of 13.92%, while IS3R.DE has yielded a comparatively higher 16.39% annualized return.
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%
IS3R.DE
- 1D
- 3.43%
- 1M
- 4.60%
- YTD
- 22.40%
- 6M
- 24.07%
- 1Y
- 37.19%
- 3Y*
- 26.29%
- 5Y*
- 14.91%
- 10Y*
- 16.39%
SWDA.L vs. IS3R.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% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.40% | 14.01% | 31.94% | 5.94% | -8.87% | 15.73% | 22.99% | 24.62% | 1.70% | 21.02% |
Correlation
The correlation between SWDA.L and IS3R.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.81 |
The correlation between SWDA.L and IS3R.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SWDA.L vs. IS3R.DE — Risk / Return Rank
SWDA.L
IS3R.DE
SWDA.L vs. IS3R.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 Momentum Factor UCITS ETF (Acc) (IS3R.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 | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 4.22 | -0.43 |
| Martin ratioReturn relative to average drawdown | 14.90 | 15.60 | -0.70 |
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Drawdowns
SWDA.L vs. IS3R.DE - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than IS3R.DE's maximum drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for SWDA.L and IS3R.DE.
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Drawdown Indicators
| SWDA.L | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -24.85% | -16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -8.77% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -21.22% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -21.22% | +2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -23.02% | -2.56% |
Current DrawdownCurrent decline from peak | -1.23% | -0.19% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -6.73% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.38% | -0.71% |
Volatility
SWDA.L vs. IS3R.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 3.28%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a volatility of 6.93%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than IS3R.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 | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 6.93% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 14.83% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 17.28% | -6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 17.00% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 18.10% | -3.52% |
SWDA.L vs. IS3R.DE - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is lower than IS3R.DE's 0.25% expense ratio. Despite the difference, 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. IS3R.DE - Dividend Comparison
Neither SWDA.L nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and IS3R.DE have a correlation of 0.79, 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 0.25% for IS3R.DE.
SWDA.L is categorized as Global Equities, while IS3R.DE is Momentum. SWDA.L tracks MSCI World Index, while IS3R.DE tracks MSCI World Momentum Index. Their fees differ too: 0.20% for SWDA.L and 0.25% for IS3R.DE.
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