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UC44.L vs. ISWD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC44.L vs. ISWD.L

Last updated Jun 5, 2026

UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - UC44.L tracks the MSCI ACWI NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, UC44.L returned 13.02%/yr vs 12.58%/yr for ISWD.L. Their correlation of 0.93 suggests significant overlap in exposure. UC44.L charges 0.22%/yr vs 0.60%/yr for ISWD.L.

Performance

UC44.L vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UC44.L achieves a 9.19% return, which is significantly lower than ISWD.L's 20.06% return. Both investments have delivered pretty close results over the past 10 years, with UC44.L having a 13.02% annualized return and ISWD.L not far behind at 12.58%.

UC44.L

1D
0.39%
1M
6.87%
YTD
9.19%
6M
9.44%
1Y
20.96%
3Y*
14.50%
5Y*
10.84%
10Y*
13.02%

ISWD.L

1D
-0.25%
1M
9.64%
YTD
20.06%
6M
20.12%
1Y
38.63%
3Y*
15.87%
5Y*
13.67%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC44.L vs. ISWD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC44.L
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis		9.19%5.87%18.30%22.09%-15.47%26.34%14.89%24.15%-2.54%12.60%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.06%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%

Correlation

The correlation between UC44.L and ISWD.L is 0.90, 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

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since May 14, 2013

0.93

The correlation between UC44.L and ISWD.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

UC44.L vs. ISWD.L - Sectors Allocation Comparison

Sectors
UC44.L
ISWD.L

Technology

36.3%
42.8%

Financial Services

16.1%
0.0%

Industrials

12.0%
12.9%

Consumer Cyclical

10.9%
6.9%

Healthcare

8.9%
10.4%

Consumer Defensive

5.5%
3.7%

Communication Services

3.9%
0.4%

Basic Materials

3.0%
9.6%

Real Estate

2.5%
0.2%

Utilities

0.9%
1.1%

Energy

0.0%
11.6%

Technology

UC44.L
36.3%
ISWD.L
42.8%

Financial Services

UC44.L
16.1%
ISWD.L
0.0%

Industrials

UC44.L
12.0%
ISWD.L
12.9%

Consumer Cyclical

UC44.L
10.9%
ISWD.L
6.9%

Healthcare

UC44.L
8.9%
ISWD.L
10.4%

Consumer Defensive

UC44.L
5.5%
ISWD.L
3.7%

Communication Services

UC44.L
3.9%
ISWD.L
0.4%

Basic Materials

UC44.L
3.0%
ISWD.L
9.6%

Real Estate

UC44.L
2.5%
ISWD.L
0.2%

Utilities

UC44.L
0.9%
ISWD.L
1.1%

Energy

UC44.L
0.0%
ISWD.L
11.6%

Compare stocks, funds, or ETFs

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UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with UC44.L:
UC44.L vs. SRIW.LUC44.L vs. V3AB.LUC44.L vs. VWRP.LUC44.L vs. ^GSPCUC44.L vs. SEMC.LUC44.L vs. EUFM.LUC44.L vs. UBTL.L
Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

UC44.L vs. ISWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC44.L
UC44.L Risk / Return Rank: 5151
Overall Rank
UC44.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
UC44.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
UC44.L Omega Ratio Rank: 5454
Omega Ratio Rank
UC44.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
UC44.L Martin Ratio Rank: 4747
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 9393
Overall Rank
ISWD.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9393
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UC44.L vs. ISWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.

UC44.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
1.81
3.40

-1.58

Sortino ratioReturn per unit of downside risk
2.58
4.58

-2.00

Omega ratioGain probability vs. loss probability

1.33

1.63

-0.29

Calmar ratioReturn relative to maximum drawdown

2.17

6.98

-4.81

Martin ratioReturn relative to average drawdown

7.73

23.95

-16.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC44.L vs. ISWD.L - Sharpe Ratio Comparison

The current UC44.L Sharpe Ratio is 1.81, which is lower than the ISWD.L Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of UC44.L and ISWD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UC44.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

3.40

-1.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

1.03

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.87

0.88

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.74

+0.04

Drawdowns

UC44.L vs. ISWD.L - Drawdown Comparison

The maximum UC44.L drawdown since its inception was -24.11%, smaller than the maximum ISWD.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for UC44.L and ISWD.L.

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Drawdown Indicators

UC44.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.11%

-31.52%

+7.41%

Max Drawdown (1Y)

Largest decline over 1 year

-9.61%

-5.51%

-4.10%

Max Drawdown (3Y)

Largest decline over 3 years

-20.15%

-21.00%

+0.85%

Max Drawdown (5Y)

Largest decline over 5 years

-22.39%

-21.00%

-1.39%

Max Drawdown (10Y)

Largest decline over 10 years

-24.11%

-24.90%

+0.79%

Current Drawdown

Current decline from peak

0.00%

-0.25%

+0.25%

Average Drawdown

Average peak-to-trough decline

-4.52%

-3.60%

-0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

1.61%

+1.10%

Volatility

UC44.L vs. ISWD.L - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) is 3.13%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that UC44.L experiences smaller price fluctuations and is considered to be less risky than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC44.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

3.64%

-0.51%

Volatility (6M)

Calculated over the trailing 6-month period

8.72%

8.41%

+0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

11.32%

+0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

13.27%

+1.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.93%

14.33%

+0.60%

UC44.L vs. ISWD.L - Expense Ratio Comparison

UC44.L has a 0.22% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

UC44.L vs. ISWD.L - Dividend Comparison

UC44.L's dividend yield for the trailing twelve months is around 0.86%, less than ISWD.L's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
UC44.L
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis		0.86%1.01%1.05%1.13%1.33%1.01%1.23%1.70%1.88%1.91%1.81%1.78%

Frequently Asked Questions

With a correlation of 0.90, UC44.L and ISWD.L 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, UC44.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC44.L is cheaper with a 0.22% expense ratio, compared with 0.60% for ISWD.L.

UC44.L tracks MSCI ACWI NR USD, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.22% for UC44.L and 0.60% for ISWD.L.

Portfolio Optimizer

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