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SWDA.L vs. NDIA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWDA.L vs. NDIA

Last updated Jun 13, 2026

SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and NDIA (Global X Funds - Global X India Active ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while NDIA is a Asia Pacific Equities fund actively managed by Global X. SWDA.L is passively managed, while NDIA is actively managed. Over the past year, SWDA.L returned 24.97% vs -10.08% for NDIA. At a 0.27 correlation, their price movements are largely independent. SWDA.L charges 0.20%/yr vs 0.76%/yr for NDIA.

Performance

SWDA.L vs. NDIA - 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 Global X Funds - Global X India Active ETF (NDIA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SWDA.L is traded in GBp, while NDIA is traded in USD. To make them comparable, the NDIA 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 higher than NDIA's -11.07% 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%

NDIA

1D
1.34%
1M
1.25%
YTD
-11.07%
6M
-9.92%
1Y
-10.08%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDA.L vs. NDIA - Yearly Performance Comparison

2026 (YTD)202520242023
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		8.84%12.64%21.11%9.65%
NDIA
Global X Funds - Global X India Active ETF		-11.07%-2.44%7.60%12.75%

Correlation

The correlation between SWDA.L and NDIA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2023

0.27

SWDA.L vs. NDIA - Sectors Allocation Comparison

Sectors
SWDA.L
NDIA

Technology

30.8%
7.1%

Financial Services

15.1%
32.7%

Industrials

10.9%
10.3%

Consumer Cyclical

9.3%
11.0%

Communication Services

9.1%
5.6%

Healthcare

8.6%
3.4%

Consumer Defensive

5.0%
6.3%

Energy

3.9%
9.9%

Basic Materials

3.2%
7.0%

Utilities

2.4%
3.6%

Real Estate

1.7%
3.0%

Technology

SWDA.L
30.8%
NDIA
7.1%

Financial Services

SWDA.L
15.1%
NDIA
32.7%

Industrials

SWDA.L
10.9%
NDIA
10.3%

Consumer Cyclical

SWDA.L
9.3%
NDIA
11.0%

Communication Services

SWDA.L
9.1%
NDIA
5.6%

Healthcare

SWDA.L
8.6%
NDIA
3.4%

Consumer Defensive

SWDA.L
5.0%
NDIA
6.3%

Energy

SWDA.L
3.9%
NDIA
9.9%

Basic Materials

SWDA.L
3.2%
NDIA
7.0%

Utilities

SWDA.L
2.4%
NDIA
3.6%

Real Estate

SWDA.L
1.7%
NDIA
3.0%

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)

Global X Funds - Global X India Active ETF

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 NDIA:
NDIA vs. INDANDIA vs. INDYNDIA vs. DGINNDIA vs. INCONDIA vs. EPINDIA vs. SPYNDIA vs. IITU.L

Return for Risk

SWDA.L vs. NDIA — 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: 8484
Overall Rank
SWDA.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8585
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8484
Martin Ratio Rank
NDIA
NDIA Risk / Return Rank: 33
Overall Rank
NDIA Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NDIA Sortino Ratio Rank: 44
Sortino Ratio Rank
NDIA Omega Ratio Rank: 44
Omega Ratio Rank
NDIA Calmar Ratio Rank: 44
Calmar Ratio Rank
NDIA Martin Ratio Rank: 11
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. NDIA - 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 Global X Funds - Global X India Active ETF (NDIA). 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.LNDIADifference
Sharpe ratioReturn per unit of total volatility
2.38
-0.67

+3.04

Sortino ratioReturn per unit of downside risk
3.31
-0.91

+4.22

Omega ratioGain probability vs. loss probability

1.45

0.90

+0.55

Calmar ratioReturn relative to maximum drawdown

3.80

-0.59

+4.39

Martin ratioReturn relative to average drawdown

14.90

-1.30

+16.20

SWDA.L vs. NDIA - Sharpe Ratio Comparison

The current SWDA.L Sharpe Ratio is 2.38, which is higher than the NDIA Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of SWDA.L and NDIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWDA.L vs. NDIA - Drawdown Comparison

The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than NDIA's maximum drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for SWDA.L and NDIA.

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Drawdown Indicators

SWDA.LNDIADifference

Max Drawdown

Largest peak-to-trough decline

-41.70%

-21.57%

-20.13%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-17.05%

+10.50%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-18.50%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.58%

—

—

Current Drawdown

Current decline from peak

-1.23%

-18.82%

+17.59%

Average Drawdown

Average peak-to-trough decline

-9.49%

-6.90%

-2.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

7.76%

-6.09%

Volatility

SWDA.L vs. NDIA - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 3.28%, while Global X Funds - Global X India Active ETF (NDIA) has a volatility of 4.45%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than NDIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWDA.LNDIADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

4.45%

-1.17%

Volatility (6M)

Calculated over the trailing 6-month period

7.65%

12.94%

-5.29%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

15.24%

-4.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.34%

15.38%

-2.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.58%

15.38%

-0.80%

SWDA.L vs. NDIA - Expense Ratio Comparison

SWDA.L has a 0.20% expense ratio, which is lower than NDIA's 0.76% expense ratio.

Dividends

SWDA.L vs. NDIA - Dividend Comparison

SWDA.L has not paid dividends to shareholders, while NDIA's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM202520242023
NDIA
Global X Funds - Global X India Active ETF		1.24%1.10%3.66%0.28%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%

Frequently Asked Questions

SWDA.L and NDIA have a correlation of 0.37, 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 0.76% for NDIA.

SWDA.L is categorized as Global Equities, while NDIA is Asia Pacific Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for SWDA.L and 0.76% for NDIA.

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