WRDA.L vs. SWDA.L
WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds tracking the MSCI World Index, from UBS and iShares respectively. Both are passively managed. Over the past year, WRDA.L returned 27.48% vs 27.16% for SWDA.L. With a 0.99 correlation, they move nearly in lockstep. WRDA.L charges 0.06%/yr vs 0.20%/yr for SWDA.L.
Performance
WRDA.L vs. SWDA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WRDA.L having a 10.09% return and SWDA.L slightly lower at 9.92%.
WRDA.L
- 1D
- -0.19%
- 1M
- 5.30%
- YTD
- 10.09%
- 6M
- 10.62%
- 1Y
- 27.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWDA.L
- 1D
- -0.25%
- 1M
- 5.16%
- YTD
- 9.92%
- 6M
- 10.29%
- 1Y
- 27.16%
- 3Y*
- 17.83%
- 5Y*
- 13.02%
- 10Y*
- 14.05%
WRDA.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.09% | 12.77% | 20.02% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.92% | 12.64% | 19.58% |
Correlation
The correlation between WRDA.L and SWDA.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.99 |
The correlation between WRDA.L and SWDA.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
WRDA.L vs. SWDA.L — Risk / Return Rank
WRDA.L
SWDA.L
WRDA.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| WRDA.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.51 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 4.13 | +0.06 |
| Martin ratioReturn relative to average drawdown | 16.71 | 16.50 | +0.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WRDA.L | SWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.66 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.98 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.88 | +0.63 |
Drawdowns
WRDA.L vs. SWDA.L - Drawdown Comparison
The maximum WRDA.L drawdown since its inception was -18.38%, smaller than the maximum SWDA.L drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for WRDA.L and SWDA.L.
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Drawdown Indicators
| WRDA.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -25.58% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.55% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.58% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.25% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.49% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.64% | 0.00% |
Volatility
WRDA.L vs. SWDA.L - Volatility Comparison
UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) have volatilities of 2.48% and 2.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRDA.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 2.52% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 7.30% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.07% | 10.23% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 13.30% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.35% | 14.50% | -2.15% |
WRDA.L vs. SWDA.L - Expense Ratio Comparison
WRDA.L has a 0.06% expense ratio, which is lower than SWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WRDA.L vs. SWDA.L - Dividend Comparison
Neither WRDA.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, WRDA.L and SWDA.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, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.20% for SWDA.L.
Both ETFs track MSCI World Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.06% for WRDA.L and 0.20% for SWDA.L.
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