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

SWDA.L vs. SEMA.L

Last updated Jun 7, 2026

SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and SEMA.L (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while SEMA.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, SWDA.L returned 13.84%/yr vs 10.44%/yr for SEMA.L. A 0.71 correlation means they provide meaningful diversification when combined. SWDA.L charges 0.20%/yr vs 0.18%/yr for SEMA.L.

Performance

SWDA.L vs. SEMA.L - 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 iShares MSCI EM UCITS ETF (Acc) (SEMA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWDA.L achieves a 9.29% return, which is significantly lower than SEMA.L's 21.24% return. Over the past 10 years, SWDA.L has outperformed SEMA.L with an annualized return of 13.84%, while SEMA.L has yielded a comparatively lower 10.44% annualized return.

SWDA.L

1D
-0.72%
1M
3.09%
YTD
9.29%
6M
9.13%
1Y
25.74%
3Y*
17.39%
5Y*
12.90%
10Y*
13.84%

SEMA.L

1D
-3.81%
1M
-0.76%
YTD
21.24%
6M
21.93%
1Y
46.61%
3Y*
19.04%
5Y*
7.74%
10Y*
10.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDA.L vs. SEMA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.29%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%
SEMA.L
iShares MSCI EM UCITS ETF (Acc)		21.24%25.09%9.38%3.47%-10.74%-1.60%14.69%12.62%-9.25%24.43%

Correlation

The correlation between SWDA.L and SEMA.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2009

0.71

The correlation between SWDA.L and SEMA.L shifts across timeframes, from 0.60 (5 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

SWDA.L vs. SEMA.L - Sectors Allocation Comparison

Sectors
SWDA.L
SEMA.L

Technology

30.8%
42.9%

Financial Services

15.1%
17.8%

Industrials

10.9%
6.8%

Consumer Cyclical

9.3%
8.6%

Communication Services

9.1%
6.2%

Healthcare

8.6%
2.6%

Consumer Defensive

5.0%
2.7%

Energy

3.9%
3.5%

Basic Materials

3.2%
5.9%

Utilities

2.4%
1.9%

Real Estate

1.7%
1.0%

Technology

SWDA.L
30.8%
SEMA.L
42.9%

Financial Services

SWDA.L
15.1%
SEMA.L
17.8%

Industrials

SWDA.L
10.9%
SEMA.L
6.8%

Consumer Cyclical

SWDA.L
9.3%
SEMA.L
8.6%

Communication Services

SWDA.L
9.1%
SEMA.L
6.2%

Healthcare

SWDA.L
8.6%
SEMA.L
2.6%

Consumer Defensive

SWDA.L
5.0%
SEMA.L
2.7%

Energy

SWDA.L
3.9%
SEMA.L
3.5%

Basic Materials

SWDA.L
3.2%
SEMA.L
5.9%

Utilities

SWDA.L
2.4%
SEMA.L
1.9%

Real Estate

SWDA.L
1.7%
SEMA.L
1.0%

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iShares Core MSCI World UCITS ETF USD (Acc)

iShares MSCI EM UCITS ETF (Acc)

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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 SEMA.L:
SEMA.L vs. EMIM.LSEMA.L vs. EIMI.LSEMA.L vs. VFEG.LSEMA.L vs. VWRA.LSEMA.L vs. SWRD.MISEMA.L vs. EQQQ.LSEMA.L vs. EDIV

Return for Risk

SWDA.L vs. SEMA.L — 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: 8484
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: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
Martin Ratio Rank
SEMA.L
SEMA.L Risk / Return Rank: 8585
Overall Rank
SEMA.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
SEMA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SEMA.L Omega Ratio Rank: 8787
Omega Ratio Rank
SEMA.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
SEMA.L Martin Ratio Rank: 8282
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. SEMA.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 iShares MSCI EM UCITS ETF (Acc) (SEMA.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.

SWDA.LSEMA.LDifference
Sharpe ratioReturn per unit of total volatility
2.56
2.68

-0.12

Sortino ratioReturn per unit of downside risk
3.56
3.43

+0.12

Omega ratioGain probability vs. loss probability

1.48

1.50

-0.02

Calmar ratioReturn relative to maximum drawdown

3.99

4.27

-0.28

Martin ratioReturn relative to average drawdown

15.94

15.07

+0.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWDA.L vs. SEMA.L - Sharpe Ratio Comparison

The current SWDA.L Sharpe Ratio is 2.56, which is comparable to the SEMA.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of SWDA.L and SEMA.L, 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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Sharpe Ratios by Period

SWDA.LSEMA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.56

2.68

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.37

+0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

0.51

+0.45

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.09

+0.43

Drawdowns

SWDA.L vs. SEMA.L - Drawdown Comparison

The maximum SWDA.L drawdown since its inception was -41.70%, smaller than the maximum SEMA.L drawdown of -46.27%. Use the drawdown chart below to compare losses from any high point for SWDA.L and SEMA.L.

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Drawdown Indicators

SWDA.LSEMA.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.70%

-46.27%

+4.57%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-10.95%

+4.40%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-22.90%

+4.40%

Max Drawdown (5Y)

Largest decline over 5 years

-18.50%

-23.52%

+5.02%

Max Drawdown (10Y)

Largest decline over 10 years

-25.58%

-27.06%

+1.48%

Current Drawdown

Current decline from peak

-0.82%

-6.09%

+5.27%

Average Drawdown

Average peak-to-trough decline

-9.50%

-19.64%

+10.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

3.11%

-1.47%

Volatility

SWDA.L vs. SEMA.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.43%, while iShares MSCI EM UCITS ETF (Acc) (SEMA.L) has a volatility of 8.00%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than SEMA.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.LSEMA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.43%

8.00%

-5.57%

Volatility (6M)

Calculated over the trailing 6-month period

7.34%

15.11%

-7.77%

Volatility (1Y)

Calculated over the trailing 1-year period

10.22%

17.44%

-7.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.30%

21.11%

-7.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.56%

20.33%

-5.77%

SWDA.L vs. SEMA.L - Expense Ratio Comparison

SWDA.L has a 0.20% expense ratio, which is higher than SEMA.L's 0.18% expense ratio. However, 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. SEMA.L - Dividend Comparison

Neither SWDA.L nor SEMA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SWDA.L and SEMA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SEMA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SEMA.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SWDA.L.

SWDA.L is categorized as Global Equities, while SEMA.L is Emerging Markets Equities. SWDA.L tracks MSCI World Index, while SEMA.L tracks MSCI EM NR USD. Their fees differ too: 0.20% for SWDA.L and 0.18% for SEMA.L.

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