SWDA.L vs. OEF
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 10 years, SWDA.L returned 13.92%/yr vs 17.10%/yr for OEF. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SWDA.L vs. OEF - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while OEF is traded in USD. To make them comparable, the OEF 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 OEF's 7.09% return. Over the past 10 years, SWDA.L has underperformed OEF with an annualized return of 13.92%, while OEF has yielded a comparatively higher 17.10% annualized return.
SWDA.L
- 1D
- 1.55%
- 1M
- 0.39%
- YTD
- 8.84%
- 6M
- 9.32%
- 1Y
- 25.52%
- 3Y*
- 17.08%
- 5Y*
- 12.61%
- 10Y*
- 13.92%
OEF
- 1D
- 0.32%
- 1M
- -1.95%
- YTD
- 7.09%
- 6M
- 6.90%
- 1Y
- 27.26%
- 3Y*
- 20.15%
- 5Y*
- 16.08%
- 10Y*
- 17.10%
SWDA.L vs. OEF - 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% |
OEF iShares S&P 100 ETF | 7.09% | 11.27% | 33.02% | 26.08% | -11.64% | 30.40% | 17.65% | 26.85% | 1.52% | 11.29% |
Correlation
The correlation between SWDA.L and OEF is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.61 |
The correlation between SWDA.L and OEF has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
SWDA.L vs. OEF — Risk / Return Rank
SWDA.L
OEF
SWDA.L vs. OEF - 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 S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 2.33 | +1.47 |
| Martin ratioReturn relative to average drawdown | 14.90 | 7.57 | +7.33 |
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Drawdowns
SWDA.L vs. OEF - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than OEF's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for SWDA.L and OEF.
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Drawdown Indicators
| SWDA.L | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -33.25% | -8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -11.23% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -22.96% | +4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -22.96% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -24.17% | -1.41% |
Current DrawdownCurrent decline from peak | -1.23% | -3.25% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -4.86% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.45% | -1.78% |
Volatility
SWDA.L vs. OEF - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 3.28%, while iShares S&P 100 ETF (OEF) has a volatility of 4.24%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than OEF 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 | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.24% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 9.30% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 12.73% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 16.80% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 18.70% | -4.12% |
SWDA.L vs. OEF - Expense Ratio Comparison
Both SWDA.L and OEF have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SWDA.L vs. OEF - Dividend Comparison
SWDA.L has not paid dividends to shareholders, while OEF's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 0.86% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SWDA.L and OEF have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L and OEF have the same expense ratio: 0.20% per year.
SWDA.L is categorized as Global Equities, while OEF is Large Cap Blend Equities. SWDA.L tracks MSCI World Index, while OEF tracks S&P 100 Index.
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