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

WPAD.AS vs. WINC.AS

Last updated Jun 4, 2026

WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - WPAD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while WINC.AS is a Global Equity Income fund actively managed by iShares. WPAD.AS is passively managed, while WINC.AS is actively managed. Over the past year, WPAD.AS returned 22.00% vs 25.00% for WINC.AS. A 0.72 correlation means they provide meaningful diversification when combined. WPAD.AS charges 0.20%/yr vs 0.35%/yr for WINC.AS.

Performance

WPAD.AS vs. WINC.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 iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WPAD.AS achieves a 6.29% return, which is significantly lower than WINC.AS's 8.19% 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*
—

WINC.AS

1D
-0.54%
1M
3.21%
YTD
8.19%
6M
9.90%
1Y
25.00%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
WPAD.AS
iShares MSCI World Paris-Aligned Climate UCITS ETF		6.29%19.02%12.01%
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		8.19%21.56%8.92%

Correlation

The correlation between WPAD.AS and WINC.AS is 0.84, 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

0.84

Correlation (All Time)
Calculated using the full available price history since Apr 4, 2024

0.72

The correlation between WPAD.AS and WINC.AS shifts across timeframes, from 0.72 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Paris-Aligned Climate UCITS ETF

iShares World Equity High Income UCITS ETF USD Inc

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 WINC.AS:
WINC.AS vs. JEPQWINC.AS vs. JEPG.LWINC.AS vs. JEQP.LWINC.AS vs. VWRL.ASWINC.AS vs. SWDA.LWINC.AS vs. TDGB.LWINC.AS vs. QQQI

Return for Risk

WPAD.AS vs. WINC.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
WINC.AS
WINC.AS Risk / Return Rank: 7474
Overall Rank
WINC.AS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
WINC.AS Sortino Ratio Rank: 7878
Sortino Ratio Rank
WINC.AS Omega Ratio Rank: 7070
Omega Ratio Rank
WINC.AS Calmar Ratio Rank: 7373
Calmar Ratio Rank
WINC.AS Martin Ratio Rank: 7979
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. WINC.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 iShares World Equity High Income UCITS ETF USD Inc (WINC.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.ASWINC.ASDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.35

-0.52

Sortino ratioReturn per unit of downside risk
2.78
3.54

-0.76

Omega ratioGain probability vs. loss probability

1.34

1.43

-0.09

Calmar ratioReturn relative to maximum drawdown

2.38

3.68

-1.30

Martin ratioReturn relative to average drawdown

9.47

15.56

-6.09

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. WINC.AS - Sharpe Ratio Comparison

The current WPAD.AS Sharpe Ratio is 1.84, which is comparable to the WINC.AS Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of WPAD.AS and WINC.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.ASWINC.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

2.35

-0.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

1.58

-0.74

Drawdowns

WPAD.AS vs. WINC.AS - Drawdown Comparison

The maximum WPAD.AS drawdown since its inception was -29.34%, which is greater than WINC.AS's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for WPAD.AS and WINC.AS.

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Drawdown Indicators

WPAD.ASWINC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-29.34%

-14.81%

-14.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.95%

-6.77%

-3.18%

Max Drawdown (3Y)

Largest decline over 3 years

-17.77%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-29.34%

—

—

Current Drawdown

Current decline from peak

-0.58%

-0.98%

+0.40%

Average Drawdown

Average peak-to-trough decline

-6.31%

-1.54%

-4.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

1.60%

+0.82%

Volatility

WPAD.AS vs. WINC.AS - Volatility Comparison

iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) has a higher volatility of 3.74% compared to iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) at 3.10%. This indicates that WPAD.AS's price experiences larger fluctuations and is considered to be riskier than WINC.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.ASWINC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

3.10%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

9.99%

8.24%

+1.75%

Volatility (1Y)

Calculated over the trailing 1-year period

12.88%

10.58%

+2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.21%

13.85%

+6.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.19%

13.85%

+6.34%

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

WPAD.AS has a 0.20% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.

Dividends

WPAD.AS vs. WINC.AS - Dividend Comparison

WPAD.AS's dividend yield for the trailing twelve months is around 0.98%, less than WINC.AS's 9.70% yield.

PositionTTM20252024202320222021
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		9.70%9.38%4.88%0.00%0.00%0.00%
WPAD.AS
iShares MSCI World Paris-Aligned Climate UCITS ETF		0.98%1.05%1.10%1.23%1.48%0.28%

Frequently Asked Questions

WPAD.AS and WINC.AS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, WPAD.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

WPAD.AS is cheaper with a 0.20% expense ratio, compared with 0.35% for WINC.AS.

WPAD.AS is categorized as Global Equities, while WINC.AS is Global Equity Income. Their fees differ too: 0.20% for WPAD.AS and 0.35% for WINC.AS.

Portfolio Optimizer

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