SWDA.L vs. MIST.L
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - SWDA.L tracks the MSCI World Index while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 5 years, SWDA.L returned 12.11%/yr vs 3.14%/yr for MIST.L. At a 0.01 correlation, their price movements are largely independent.
Performance
SWDA.L vs. MIST.L - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while MIST.L is traded in GBP. To make them comparable, the MIST.L 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 9.95% return, which is significantly higher than MIST.L's 2.23% return.
SWDA.L
- 1D
- -0.55%
- 1M
- -0.21%
- 6M
- 8.73%
- YTD
- 9.95%
- 1Y
- 21.07%
- 3Y*
- 17.79%
- 5Y*
- 12.11%
- 10Y*
- 12.77%
MIST.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 2.06%
- YTD
- 2.23%
- 1Y
- 4.37%
- 3Y*
- 5.04%
- 5Y*
- 3.14%
- 10Y*
- —
SWDA.L vs. MIST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 1.57% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 2.23% | 4.61% | 5.53% | 5.01% | -1.12% | -0.36% | 0.63% | 0.28% |
Correlation
The correlation between SWDA.L and MIST.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.01 |
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Return for Risk
SWDA.L vs. MIST.L — Risk / Return Rank
SWDA.L
MIST.L
SWDA.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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.
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 | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.60 | ||
| Sortino ratioReturn per unit of downside risk | -32.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 7.17 | -5.80 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 101.64 | -98.44 |
| Martin ratioReturn relative to average drawdown | 12.47 | 493.90 | -481.43 |
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Drawdowns
SWDA.L vs. MIST.L - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than MIST.L's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for SWDA.L and MIST.L.
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Drawdown Indicators
| SWDA.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -3.70% | -38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -0.04% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -0.20% | -18.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -2.45% | -16.05% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | 0.00% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -0.38% | -9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.01% | +1.68% |
Volatility
SWDA.L vs. MIST.L - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a higher volatility of 2.61% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 0.10%. This indicates that SWDA.L's price experiences larger fluctuations and is considered to be riskier than MIST.L 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 | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 0.10% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 0.28% | +7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 0.38% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 0.58% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 0.98% | +13.52% |
Dividends
SWDA.L vs. MIST.L - Dividend Comparison
Neither SWDA.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and MIST.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWDA.L tracks MSCI World Index, while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: iShares and PIMCO.
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