SWDA.L vs. SPHD
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, SWDA.L returned 13.84%/yr vs 8.16%/yr for SPHD. At a 0.45 correlation, their price movements are largely independent. SWDA.L charges 0.20%/yr vs 0.30%/yr for SPHD.
Performance
SWDA.L vs. SPHD - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while SPHD is traded in USD. To make them comparable, the SPHD 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 9.29% return, which is significantly higher than SPHD's 7.88% return. Over the past 10 years, SWDA.L has outperformed SPHD with an annualized return of 13.84%, while SPHD has yielded a comparatively lower 8.16% 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%
SPHD
- 1D
- 1.74%
- 1M
- 2.85%
- YTD
- 7.88%
- 6M
- 7.55%
- 1Y
- 12.56%
- 3Y*
- 9.42%
- 5Y*
- 7.24%
- 10Y*
- 8.16%
SWDA.L vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.29% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 7.88% | -3.96% | 20.14% | -3.75% | 12.54% | 26.17% | -12.62% | 15.68% | -0.61% | 2.23% |
Correlation
The correlation between SWDA.L and SPHD is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2012 | 0.45 |
Over the past year, the correlation between SWDA.L and SPHD has dropped to 0.07 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
SWDA.L vs. SPHD — Risk / Return Rank
SWDA.L
SPHD
SWDA.L vs. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.L | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.20 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.00 | +1.99 |
| Martin ratioReturn relative to average drawdown | 15.94 | 4.93 | +11.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWDA.L | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.23 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.53 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.46 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.67 | -0.15 |
Drawdowns
SWDA.L vs. SPHD - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than SPHD's maximum drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for SWDA.L and SPHD.
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Drawdown Indicators
| SWDA.L | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -34.51% | -7.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.91% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -14.43% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -17.64% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -34.51% | +8.93% |
Current DrawdownCurrent decline from peak | -0.82% | -2.70% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -9.50% | -5.72% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.80% | -1.16% |
Volatility
SWDA.L vs. SPHD - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.43%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.52%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than SPHD 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 | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 3.52% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 8.44% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.22% | 11.29% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.30% | 13.73% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 17.85% | -3.29% |
SWDA.L vs. SPHD - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
SWDA.L vs. SPHD - Dividend Comparison
SWDA.L has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 4.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.52% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
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 SPHD have a correlation of 0.07, 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 0.30% for SPHD.
SWDA.L is categorized as Global Equities, while SPHD is Dividend. SWDA.L tracks MSCI World Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SWDA.L and 0.30% for SPHD.
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