SWDA.L vs. NXTG.L
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - SWDA.L tracks the MSCI World Index while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 10 years, SWDA.L returned 12.77%/yr vs 6.94%/yr for NXTG.L. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
SWDA.L vs. NXTG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SWDA.L achieves a 9.95% return, which is significantly lower than NXTG.L's 39.36% return. Over the past 10 years, SWDA.L has outperformed NXTG.L with an annualized return of 12.77%, while NXTG.L has yielded a comparatively lower 6.94% annualized 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%
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
SWDA.L vs. NXTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 4.17% | 8.33% | -27.67% | 22.13% |
Correlation
The correlation between SWDA.L and NXTG.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2015 | 0.52 |
Over the past year, SWDA.L and NXTG.L have become more correlated (0.76) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
SWDA.L vs. NXTG.L — Risk / Return Rank
SWDA.L
NXTG.L
SWDA.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.26 | +0.95 |
| Martin ratioReturn relative to average drawdown | 12.47 | 4.72 | +7.75 |
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Drawdowns
SWDA.L vs. NXTG.L - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, smaller than the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for SWDA.L and NXTG.L.
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Drawdown Indicators
| SWDA.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -45.94% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -25.38% | +18.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -31.89% | +13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -32.91% | +14.41% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -45.94% | +20.36% |
Current DrawdownCurrent decline from peak | -1.05% | -9.51% | +8.46% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -19.86% | +10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 12.16% | -10.47% |
Volatility
SWDA.L vs. NXTG.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.61%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 6.66% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 15.57% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 46.75% | -36.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 43.04% | -29.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 32.80% | -18.30% |
Dividends
SWDA.L vs. NXTG.L - Dividend Comparison
Neither SWDA.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and NXTG.L have a correlation of 0.76, 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 NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: iShares and First Trust.
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