TSWE.AS vs. IWRD.AS
TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) and IWRD.AS (iShares MSCI World UCITS ETF) 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 12.57%/yr for IWRD.AS. Their correlation of 0.92 suggests significant overlap in exposure. TSWE.AS charges 0.20%/yr vs 0.50%/yr for IWRD.AS.
Performance
TSWE.AS vs. IWRD.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 IWRD.AS's 11.01% return. Both investments have delivered pretty close results over the past 10 years, with TSWE.AS having a 12.01% annualized return and IWRD.AS not far ahead at 12.57%.
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%
IWRD.AS
- 1D
- -0.25%
- 1M
- 5.53%
- YTD
- 11.01%
- 6M
- 11.58%
- 1Y
- 23.56%
- 3Y*
- 17.32%
- 5Y*
- 12.58%
- 10Y*
- 12.57%
TSWE.AS vs. IWRD.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% |
IWRD.AS iShares MSCI World UCITS ETF | 11.01% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
Correlation
The correlation between TSWE.AS and IWRD.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 IWRD.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. IWRD.AS — Risk / Return Rank
TSWE.AS
IWRD.AS
TSWE.AS vs. IWRD.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 MSCI World UCITS ETF (IWRD.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 | IWRD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 3.48 | -0.21 |
| Martin ratioReturn relative to average drawdown | 12.78 | 13.70 | -0.92 |
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 | IWRD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.12 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.88 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.82 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.50 | +0.23 |
Drawdowns
TSWE.AS vs. IWRD.AS - Drawdown Comparison
The maximum TSWE.AS drawdown since its inception was -33.67%, smaller than the maximum IWRD.AS drawdown of -52.51%. Use the drawdown chart below to compare losses from any high point for TSWE.AS and IWRD.AS.
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Drawdown Indicators
| TSWE.AS | IWRD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -52.51% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -6.69% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -21.50% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -21.50% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -33.71% | +0.04% |
Current DrawdownCurrent decline from peak | -0.19% | -0.25% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -8.84% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.71% | +0.34% |
Volatility
TSWE.AS vs. IWRD.AS - Volatility Comparison
VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a higher volatility of 3.66% compared to iShares MSCI World UCITS ETF (IWRD.AS) at 2.81%. This indicates that TSWE.AS's price experiences larger fluctuations and is considered to be riskier than IWRD.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 | IWRD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 2.81% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 7.72% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 11.04% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 14.14% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 15.16% | -0.23% |
TSWE.AS vs. IWRD.AS - Expense Ratio Comparison
TSWE.AS has a 0.20% expense ratio, which is lower than IWRD.AS's 0.50% expense ratio.
Dividends
TSWE.AS vs. IWRD.AS - Dividend Comparison
TSWE.AS's dividend yield for the trailing twelve months is around 2.57%, more than IWRD.AS's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
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 IWRD.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.
On fees, TSWE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSWE.AS is cheaper with a 0.20% expense ratio, compared with 0.50% for IWRD.AS.
Both ETFs track MSCI ACWI NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.20% for TSWE.AS and 0.50% for IWRD.AS.
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