WOOD.L vs. SWDA.L
WOOD.L (iShares Global Timber & Forestry UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - WOOD.L tracks the iShares Global Timber & Forestry UCITS ETF USD (Dist) while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, WOOD.L returned 4.61%/yr vs 12.77%/yr for SWDA.L. A 0.71 correlation means they provide meaningful diversification when combined. WOOD.L charges 0.65%/yr vs 0.20%/yr for SWDA.L.
Performance
WOOD.L vs. SWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD.L achieves a -5.32% return, which is significantly lower than SWDA.L's 9.95% return. Over the past 10 years, WOOD.L has underperformed SWDA.L with an annualized return of 4.61%, while SWDA.L has yielded a comparatively higher 12.77% annualized return.
WOOD.L
- 1D
- 0.32%
- 1M
- -1.18%
- 6M
- -10.52%
- YTD
- -5.32%
- 1Y
- -6.67%
- 3Y*
- -2.38%
- 5Y*
- -2.95%
- 10Y*
- 4.61%
SWDA.L
- 1D
- -0.55%
- 1M
- -0.21%
- 6M
- 8.73%
- YTD
- 9.95%
- 1Y
- 21.07%
- 3Y*
- 17.79%
- 5Y*
- 12.11%
- 10Y*
- 12.77%
WOOD.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist) | -5.32% | -9.97% | -3.72% | 7.19% | -8.92% | 16.76% | 16.74% | 14.91% | -15.41% | 20.95% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
Correlation
The correlation between WOOD.L and SWDA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.71 |
Over the past year, the correlation between WOOD.L and SWDA.L has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
WOOD.L vs. SWDA.L — Risk / Return Rank
WOOD.L
SWDA.L
WOOD.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
| WOOD.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 3.20 | -3.48 |
| Martin ratioReturn relative to average drawdown | -0.56 | 12.47 | -13.03 |
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Drawdowns
WOOD.L vs. SWDA.L - Drawdown Comparison
The maximum WOOD.L drawdown since its inception was -76.03%, which is greater than SWDA.L's maximum drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for WOOD.L and SWDA.L.
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Drawdown Indicators
| WOOD.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -41.70% | -34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -20.56% | -6.55% | -14.01% |
Max Drawdown (3Y)Largest decline over 3 years | -25.68% | -18.50% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | -18.50% | -10.90% |
Max Drawdown (10Y)Largest decline over 10 years | -42.38% | -25.58% | -16.80% |
Current DrawdownCurrent decline from peak | -25.38% | -1.05% | -24.33% |
Average DrawdownAverage peak-to-trough decline | -28.50% | -9.44% | -19.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 1.69% | +8.58% |
Volatility
WOOD.L vs. SWDA.L - Volatility Comparison
iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) has a higher volatility of 5.07% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.61%. This indicates that WOOD.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WOOD.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 2.61% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 7.86% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.09% | 10.57% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 13.36% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 14.50% | +3.68% |
WOOD.L vs. SWDA.L - Expense Ratio Comparison
WOOD.L has a 0.65% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
WOOD.L vs. SWDA.L - Dividend Comparison
WOOD.L's dividend yield for the trailing twelve months is around 2.86%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWDA.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% | 0.00% |
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist) | 2.86% | 3.27% | 2.47% | 2.76% | 2.98% | 1.40% | 1.25% | 2.67% | 0.00% | 0.91% | 1.81% | 1.86% |
Frequently Asked Questions
WOOD.L and SWDA.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.65% for WOOD.L.
WOOD.L tracks iShares Global Timber & Forestry UCITS ETF USD (Dist), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.65% for WOOD.L and 0.20% for SWDA.L.
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