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WPAD.AS vs. TSWE.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WPAD.AS vs. TSWE.AS

Last updated Jun 4, 2026

WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) and TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and VanEck respectively. Both are passively managed. Over the past 5 years, WPAD.AS returned 10.99%/yr vs 10.59%/yr for TSWE.AS. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

WPAD.AS vs. TSWE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WPAD.AS is traded in USD, while TSWE.AS is traded in EUR. To make them comparable, the TSWE.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WPAD.AS achieves a 6.29% return, which is significantly lower than TSWE.AS's 12.14% return.

WPAD.AS

1D
-0.58%
1M
4.56%
YTD
6.29%
6M
8.00%
1Y
22.00%
3Y*
18.84%
5Y*
10.99%
10Y*
—

TSWE.AS

1D
-0.45%
1M
6.66%
YTD
12.14%
6M
15.50%
1Y
28.95%
3Y*
20.30%
5Y*
10.59%
10Y*
12.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WPAD.AS vs. TSWE.AS - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WPAD.AS
iShares MSCI World Paris-Aligned Climate UCITS ETF		6.29%19.02%18.93%24.83%-22.07%12.00%
TSWE.AS
VanEck Sustainable World Equal Weight UCITS ETF		12.14%28.29%9.97%20.06%-18.39%9.36%

Correlation

The correlation between WPAD.AS and TSWE.AS is 0.79, 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

0.79

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

0.66

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

0.55

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2021

0.55

Over the past year, WPAD.AS and TSWE.AS have become more correlated (0.79) than their long-term average of 0.55, meaning their price movements have been converging.

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iShares MSCI World Paris-Aligned Climate UCITS ETF

VanEck Sustainable World Equal Weight UCITS ETF

Often compared with WPAD.AS:
WPAD.AS vs. IWRD.LWPAD.AS vs. IWDA.ASWPAD.AS vs. XLKQ.LWPAD.AS vs. IGSG.ASWPAD.AS vs. VHYL.ASWPAD.AS vs. XUSE.ASWPAD.AS vs. VEVE.AS
Often compared with TSWE.AS:
TSWE.AS vs. VWRL.ASTSWE.AS vs. VTITSWE.AS vs. VFEM.DETSWE.AS vs. MXWS.LTSWE.AS vs. GGRG.LTSWE.AS vs. QQQTSWE.AS vs. VVGM.DE

Return for Risk

WPAD.AS vs. TSWE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WPAD.AS
WPAD.AS Risk / Return Rank: 5555
Overall Rank
WPAD.AS Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
WPAD.AS Sortino Ratio Rank: 5959
Sortino Ratio Rank
WPAD.AS Omega Ratio Rank: 5555
Omega Ratio Rank
WPAD.AS Calmar Ratio Rank: 4949
Calmar Ratio Rank
WPAD.AS Martin Ratio Rank: 5555
Martin Ratio Rank
TSWE.AS
TSWE.AS Risk / Return Rank: 6464
Overall Rank
TSWE.AS Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
TSWE.AS Sortino Ratio Rank: 6464
Sortino Ratio Rank
TSWE.AS Omega Ratio Rank: 6161
Omega Ratio Rank
TSWE.AS Calmar Ratio Rank: 6565
Calmar Ratio Rank
TSWE.AS Martin Ratio Rank: 6969
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.

WPAD.AS vs. TSWE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and VanEck Sustainable World Equal Weight UCITS ETF (TSWE.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.

WPAD.ASTSWE.ASDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.02

-0.18

Sortino ratioReturn per unit of downside risk
2.78
3.00

-0.21

Omega ratioGain probability vs. loss probability

1.34

1.37

-0.03

Calmar ratioReturn relative to maximum drawdown

2.38

2.77

-0.40

Martin ratioReturn relative to average drawdown

9.47

10.82

-1.35

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

WPAD.AS vs. TSWE.AS - Sharpe Ratio Comparison

The current WPAD.AS Sharpe Ratio is 1.84, which is comparable to the TSWE.AS Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of WPAD.AS and TSWE.AS, 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

WPAD.ASTSWE.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

2.02

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

0.66

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.66

+0.18

Drawdowns

WPAD.AS vs. TSWE.AS - Drawdown Comparison

The maximum WPAD.AS drawdown since its inception was -29.34%, smaller than the maximum TSWE.AS drawdown of -34.45%. Use the drawdown chart below to compare losses from any high point for WPAD.AS and TSWE.AS.

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Drawdown Indicators

WPAD.ASTSWE.ASDifference

Max Drawdown

Largest peak-to-trough decline

-29.34%

-34.45%

+5.11%

Max Drawdown (1Y)

Largest decline over 1 year

-9.95%

-10.30%

+0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-17.77%

-15.80%

-1.97%

Max Drawdown (5Y)

Largest decline over 5 years

-29.34%

-28.40%

-0.94%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.45%

—

Current Drawdown

Current decline from peak

-0.58%

-0.45%

-0.13%

Average Drawdown

Average peak-to-trough decline

-6.31%

-5.66%

-0.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.65%

-0.23%

Volatility

WPAD.AS vs. TSWE.AS - Volatility Comparison

The current volatility for iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) is 3.74%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 4.40%. This indicates that WPAD.AS experiences smaller price fluctuations and is considered to be less risky than TSWE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WPAD.ASTSWE.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

4.40%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

9.99%

11.34%

-1.35%

Volatility (1Y)

Calculated over the trailing 1-year period

12.88%

14.17%

-1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.21%

15.71%

+4.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.19%

16.21%

+3.98%

WPAD.AS vs. TSWE.AS - Expense Ratio Comparison

Both WPAD.AS and TSWE.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

WPAD.AS vs. TSWE.AS - Dividend Comparison

WPAD.AS's dividend yield for the trailing twelve months is around 0.98%, less than TSWE.AS's 2.57% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
WPAD.AS
iShares MSCI World Paris-Aligned Climate UCITS ETF		0.98%1.05%1.10%1.23%1.48%0.28%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WPAD.AS and TSWE.AS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

WPAD.AS and TSWE.AS have the same expense ratio: 0.20% per year.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and VanEck.

Portfolio Optimizer

Find the right allocation for WPAD.AS and TSWE.AS

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