U03A.L vs. IWDA.L
Compare and contrast key facts about iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L).
U03A.L and IWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. U03A.L is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on Oct 7, 2024. IWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009. Both U03A.L and IWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
U03A.L vs. IWDA.L - Performance Comparison
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U03A.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 0.84% | 4.22% | 1.33% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | -2.32% | 21.03% | 0.60% |
Returns By Period
In the year-to-date period, U03A.L achieves a 0.84% return, which is significantly higher than IWDA.L's -2.32% return.
U03A.L
- 1D
- -0.01%
- 1M
- 0.31%
- YTD
- 0.84%
- 6M
- 1.87%
- 1Y
- 4.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWDA.L
- 1D
- 2.92%
- 1M
- -3.75%
- YTD
- -2.32%
- 6M
- 1.15%
- 1Y
- 20.54%
- 3Y*
- 17.66%
- 5Y*
- 10.54%
- 10Y*
- 12.16%
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U03A.L vs. IWDA.L - Expense Ratio Comparison
U03A.L has a 0.07% expense ratio, which is lower than IWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
U03A.L vs. IWDA.L — Risk / Return Rank
U03A.L
IWDA.L
U03A.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| U03A.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.03 | 1.31 | +6.72 |
Sortino ratioReturn per unit of downside risk | 17.03 | 1.86 | +15.17 |
Omega ratioGain probability vs. loss probability | 4.14 | 1.27 | +2.87 |
Calmar ratioReturn relative to maximum drawdown | 42.66 | 2.31 | +40.35 |
Martin ratioReturn relative to average drawdown | 224.07 | 9.49 | +214.58 |
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
| U03A.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.03 | 1.31 | +6.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.81 | 0.75 | +4.06 |
Correlation
The correlation between U03A.L and IWDA.L is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
U03A.L vs. IWDA.L - Dividend Comparison
Neither U03A.L nor IWDA.L has paid dividends to shareholders.
Drawdowns
U03A.L vs. IWDA.L - Drawdown Comparison
The maximum U03A.L drawdown since its inception was -0.83%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for U03A.L and IWDA.L.
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Drawdown Indicators
| U03A.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -34.11% | +33.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -11.56% | +11.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -0.01% | -5.16% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -4.48% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.11% | -2.09% |
Volatility
U03A.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) is 0.10%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 5.47%. This indicates that U03A.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U03A.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 5.47% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 8.94% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 15.63% | -15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.92% | 15.63% | -14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 15.86% | -14.94% |