SWDA.L vs. VUSA.MI
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and VUSA.MI (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while VUSA.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SWDA.L returned 12.61%/yr vs 14.36%/yr for VUSA.MI. Their correlation of 0.90 suggests significant overlap in exposure. SWDA.L charges 0.20%/yr vs 0.07%/yr for VUSA.MI.
Performance
SWDA.L vs. VUSA.MI - Performance Comparison
Loading charts...
Different Trading Currencies
SWDA.L is traded in GBp, while VUSA.MI is traded in EUR. To make them comparable, the VUSA.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SWDA.L having a 8.84% return and VUSA.MI slightly lower at 8.63%.
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%
VUSA.MI
- 1D
- 1.49%
- 1M
- 1.19%
- YTD
- 8.63%
- 6M
- 9.13%
- 1Y
- 26.24%
- 3Y*
- 18.25%
- 5Y*
- 14.36%
- 10Y*
- —
SWDA.L vs. VUSA.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.84% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 19.30% |
VUSA.MI Vanguard S&P 500 UCITS ETF | 8.63% | 9.81% | 27.74% | 19.88% | -10.08% | 31.04% | 13.53% | 21.75% |
Correlation
The correlation between SWDA.L and VUSA.MI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2019 | 0.90 |
The correlation between SWDA.L and VUSA.MI has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SWDA.L vs. VUSA.MI — Risk / Return Rank
SWDA.L
VUSA.MI
SWDA.L vs. VUSA.MI - 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 Vanguard S&P 500 UCITS ETF (VUSA.MI). 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 | VUSA.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 3.68 | +0.12 |
| Martin ratioReturn relative to average drawdown | 14.90 | 12.89 | +2.01 |
Loading charts...
Drawdowns
SWDA.L vs. VUSA.MI - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than VUSA.MI's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for SWDA.L and VUSA.MI.
Loading charts...
Drawdown Indicators
| SWDA.L | VUSA.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -26.25% | -15.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.14% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -21.78% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -21.78% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.89% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -3.55% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.04% | -0.37% |
Volatility
SWDA.L vs. VUSA.MI - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and Vanguard S&P 500 UCITS ETF (VUSA.MI) have volatilities of 3.28% and 3.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SWDA.L | VUSA.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.18% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 7.72% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 11.21% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 14.81% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 16.50% | -1.92% |
SWDA.L vs. VUSA.MI - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is higher than VUSA.MI's 0.07% 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. VUSA.MI - Dividend Comparison
SWDA.L has not paid dividends to shareholders, while VUSA.MI's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VUSA.MI Vanguard S&P 500 UCITS ETF | 0.88% | 0.97% | 0.99% | 1.26% | 1.45% | 1.02% | 1.43% | 1.46% |
Frequently Asked Questions
With a correlation of 0.91, SWDA.L and VUSA.MI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.20% for SWDA.L.
SWDA.L is categorized as Global Equities, while VUSA.MI is S&P 500. SWDA.L tracks MSCI World Index, while VUSA.MI tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for SWDA.L and 0.07% for VUSA.MI.
Find the right allocation for SWDA.L and VUSA.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer