WING.L vs. IWDA.L
WING.L (iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - WING.L is a High Yield Bonds fund tracking the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, WING.L returned 5.62%/yr vs 12.99%/yr for IWDA.L. A 0.64 correlation means they provide meaningful diversification when combined. WING.L charges 0.50%/yr vs 0.20%/yr for IWDA.L.
Performance
WING.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, WING.L achieves a 0.95% return, which is significantly lower than IWDA.L's 10.17% return. Over the past 10 years, WING.L has underperformed IWDA.L with an annualized return of 5.62%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
WING.L
- 1D
- 0.37%
- 1M
- 0.04%
- 6M
- 0.95%
- YTD
- 0.95%
- 1Y
- 5.80%
- 3Y*
- 7.44%
- 5Y*
- 2.41%
- 10Y*
- 5.62%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
WING.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 0.95% | 12.63% | 2.89% | 12.92% | -14.36% | 2.26% | 17.97% | 15.54% | -5.11% | 12.38% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between WING.L and IWDA.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2016 | 0.64 |
The correlation between WING.L and IWDA.L has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
WING.L vs. IWDA.L — Risk / Return Rank
WING.L
IWDA.L
WING.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.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.
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.
| WING.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.64 | -1.36 |
| Martin ratioReturn relative to average drawdown | 5.06 | 10.75 | -5.70 |
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Drawdowns
WING.L vs. IWDA.L - Drawdown Comparison
The maximum WING.L drawdown since its inception was -25.18%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for WING.L and IWDA.L.
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Drawdown Indicators
| WING.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.18% | -34.11% | +8.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -8.31% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -16.94% | +11.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -25.88% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | -34.11% | +8.93% |
Current DrawdownCurrent decline from peak | -0.50% | -0.12% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.39% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.04% | -0.93% |
Volatility
WING.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) is 1.58%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.72%. This indicates that WING.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
| WING.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 2.72% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 9.80% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 12.26% | -7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 15.73% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 15.78% | -6.69% |
WING.L vs. IWDA.L - Expense Ratio Comparison
WING.L has a 0.50% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
WING.L vs. IWDA.L - Dividend Comparison
WING.L's dividend yield for the trailing twelve months is around 5.71%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.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% | 0.00% | 0.00% | 0.00% |
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 5.71% | 5.67% | 5.86% | 5.20% | 4.43% | 3.92% | 4.25% | 4.56% | 4.98% | 4.44% | 2.11% |
Frequently Asked Questions
WING.L and IWDA.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for WING.L.
WING.L is categorized as High Yield Bonds, while IWDA.L is Global Equities. WING.L tracks iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.50% for WING.L and 0.20% for IWDA.L.
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