TSWE.AS vs. IWDA.AS
TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds tracking the MSCI ACWI NR USD, from VanEck and iShares respectively. Both are passively managed. Over the past 10 years, TSWE.AS returned 12.01%/yr vs 12.88%/yr for IWDA.AS. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
TSWE.AS vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, TSWE.AS achieves a 13.49% return, which is significantly higher than IWDA.AS's 11.10% return. Over the past 10 years, TSWE.AS has underperformed IWDA.AS with an annualized return of 12.01%, while IWDA.AS has yielded a comparatively higher 12.88% annualized return.
TSWE.AS
- 1D
- -0.19%
- 1M
- 7.45%
- YTD
- 13.49%
- 6M
- 16.16%
- 1Y
- 26.33%
- 3Y*
- 17.11%
- 5Y*
- 11.64%
- 10Y*
- 12.01%
IWDA.AS
- 1D
- -0.31%
- 1M
- 5.58%
- YTD
- 11.10%
- 6M
- 11.60%
- 1Y
- 23.84%
- 3Y*
- 17.67%
- 5Y*
- 12.89%
- 10Y*
- 12.88%
TSWE.AS vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 13.49% | 13.10% | 17.22% | 16.38% | -13.18% | 29.50% | 5.58% | 26.46% | -5.21% | 8.51% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.10% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between TSWE.AS and IWDA.AS is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 16, 2013 | 0.92 |
The correlation between TSWE.AS and IWDA.AS has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
TSWE.AS vs. IWDA.AS — Risk / Return Rank
TSWE.AS
IWDA.AS
TSWE.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
| TSWE.AS | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.65 | -0.39 |
| Martin ratioReturn relative to average drawdown | 12.78 | 14.56 | -1.78 |
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
| TSWE.AS | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.16 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.90 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.85 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.82 | -0.09 |
Drawdowns
TSWE.AS vs. IWDA.AS - Drawdown Comparison
The maximum TSWE.AS drawdown since its inception was -33.67%, roughly equal to the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for TSWE.AS and IWDA.AS.
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Drawdown Indicators
| TSWE.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -33.63% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -6.45% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -21.59% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -21.59% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -33.63% | -0.04% |
Current DrawdownCurrent decline from peak | -0.19% | -0.31% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -4.25% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.63% | +0.42% |
Volatility
TSWE.AS vs. IWDA.AS - Volatility Comparison
VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a higher volatility of 3.66% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.79%. This indicates that TSWE.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSWE.AS | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 2.79% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 7.61% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 10.96% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 14.08% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 15.00% | -0.07% |
TSWE.AS vs. IWDA.AS - Expense Ratio Comparison
Both TSWE.AS and IWDA.AS 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
TSWE.AS vs. IWDA.AS - Dividend Comparison
TSWE.AS's dividend yield for the trailing twelve months is around 2.57%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS 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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 2.57% | 1.94% | 2.18% | 2.23% | 2.38% | 1.64% | 1.88% | 2.34% | 2.45% | 2.09% | 1.85% | 1.87% |
Frequently Asked Questions
TSWE.AS and IWDA.AS have a correlation of 0.88, 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.
TSWE.AS and IWDA.AS have the same expense ratio: 0.20% per year.
Both ETFs track MSCI ACWI NR USD. They also come from different issuers: VanEck and iShares.
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