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XMWD.L vs. IUKD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMWD.L vs. IUKD.L

Last updated Jun 5, 2026

XMWD.L (Xtrackers MSCI World Swap UCITS ETF 1C) and IUKD.L (iShares UK Dividend UCITS ETF) are both exchange-traded funds - XMWD.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index. Both are passively managed. Over the past 10 years, XMWD.L returned 13.01%/yr vs 6.25%/yr for IUKD.L. A 0.61 correlation means they provide meaningful diversification when combined. XMWD.L charges 0.45%/yr vs 0.40%/yr for IUKD.L.

Performance

XMWD.L vs. IUKD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Swap UCITS ETF 1C (XMWD.L) and iShares UK Dividend UCITS ETF (IUKD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XMWD.L is traded in USD, while IUKD.L is traded in GBp. To make them comparable, the IUKD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMWD.L achieves a 9.93% return, which is significantly higher than IUKD.L's 6.96% return. Over the past 10 years, XMWD.L has outperformed IUKD.L with an annualized return of 13.01%, while IUKD.L has yielded a comparatively lower 6.25% annualized return.

XMWD.L

1D
0.03%
1M
4.02%
YTD
9.93%
6M
10.99%
1Y
25.86%
3Y*
20.70%
5Y*
11.74%
10Y*
13.01%

IUKD.L

1D
0.54%
1M
1.04%
YTD
6.96%
6M
10.57%
1Y
23.49%
3Y*
21.95%
5Y*
10.71%
10Y*
6.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMWD.L vs. IUKD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMWD.L
Xtrackers MSCI World Swap UCITS ETF 1C		9.93%21.37%18.35%23.76%-17.92%22.03%16.04%28.32%-9.21%22.09%
IUKD.L
iShares UK Dividend UCITS ETF		6.96%42.09%10.40%11.39%-11.98%22.31%-15.41%23.62%-18.97%17.10%

Correlation

The correlation between XMWD.L and IUKD.L is 0.57, 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

0.57

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

0.57

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

0.62

Correlation (10Y)
Calculated over the trailing 10-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2007

0.61

The correlation between XMWD.L and IUKD.L has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

XMWD.L vs. IUKD.L - Sectors Allocation Comparison

Sectors
XMWD.L
IUKD.L

Technology

28.3%

-

Financial Services

15.7%
41.6%

Industrials

11.4%

-

Consumer Cyclical

9.3%
4.3%

Communication Services

9.3%
6.1%

Healthcare

8.8%
2.5%

Consumer Defensive

5.2%
15.0%

Energy

4.2%
10.0%

Basic Materials

3.3%
4.8%

Utilities

2.7%
7.8%

Real Estate

1.9%
7.8%

Technology

XMWD.L
28.3%
IUKD.L

-

Financial Services

XMWD.L
15.7%
IUKD.L
41.6%

Industrials

XMWD.L
11.4%
IUKD.L

-

Consumer Cyclical

XMWD.L
9.3%
IUKD.L
4.3%

Communication Services

XMWD.L
9.3%
IUKD.L
6.1%

Healthcare

XMWD.L
8.8%
IUKD.L
2.5%

Consumer Defensive

XMWD.L
5.2%
IUKD.L
15.0%

Energy

XMWD.L
4.2%
IUKD.L
10.0%

Basic Materials

XMWD.L
3.3%
IUKD.L
4.8%

Utilities

XMWD.L
2.7%
IUKD.L
7.8%

Real Estate

XMWD.L
1.9%
IUKD.L
7.8%

Compare stocks, funds, or ETFs

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Xtrackers MSCI World Swap UCITS ETF 1C

iShares UK Dividend UCITS ETF

Often compared with XMWD.L:
XMWD.L vs. VXUSXMWD.L vs. ACWI.LXMWD.L vs. XLKQ.LXMWD.L vs. SWDA.LXMWD.L vs. PHPP.LXMWD.L vs. BATG.LXMWD.L vs. GLD
Often compared with IUKD.L:
IUKD.L vs. VUKE.LIUKD.L vs. UKDV.LIUKD.L vs. CUKX.LIUKD.L vs. LGEN.LIUKD.L vs. IDVY.LIUKD.L vs. FLGBIUKD.L vs. CPJ1.L

Return for Risk

XMWD.L vs. IUKD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMWD.L
XMWD.L Risk / Return Rank: 6868
Overall Rank
XMWD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XMWD.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
XMWD.L Omega Ratio Rank: 6767
Omega Ratio Rank
XMWD.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
XMWD.L Martin Ratio Rank: 7171
Martin Ratio Rank
IUKD.L
IUKD.L Risk / Return Rank: 6161
Overall Rank
IUKD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 7070
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 5353
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.

XMWD.L vs. IUKD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF 1C (XMWD.L) and iShares UK Dividend UCITS ETF (IUKD.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.

XMWD.LIUKD.LDifference
Sharpe ratioReturn per unit of total volatility
2.17
1.69

+0.49

Sortino ratioReturn per unit of downside risk
3.24
2.28

+0.96

Omega ratioGain probability vs. loss probability

1.40

1.31

+0.09

Calmar ratioReturn relative to maximum drawdown

3.03

2.13

+0.90

Martin ratioReturn relative to average drawdown

13.02

7.25

+5.77

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

XMWD.L vs. IUKD.L - Sharpe Ratio Comparison

The current XMWD.L Sharpe Ratio is 2.17, which is comparable to the IUKD.L Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XMWD.L and IUKD.L, 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

XMWD.LIUKD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

1.69

+0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.60

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.29

+0.55

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.08

+0.36

Drawdowns

XMWD.L vs. IUKD.L - Drawdown Comparison

The maximum XMWD.L drawdown since its inception was -56.59%, smaller than the maximum IUKD.L drawdown of -73.23%. Use the drawdown chart below to compare losses from any high point for XMWD.L and IUKD.L.

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Drawdown Indicators

XMWD.LIUKD.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.59%

-73.23%

+16.64%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-10.99%

+2.49%

Max Drawdown (3Y)

Largest decline over 3 years

-17.55%

-12.78%

-4.77%

Max Drawdown (5Y)

Largest decline over 5 years

-25.94%

-34.46%

+8.52%

Max Drawdown (10Y)

Largest decline over 10 years

-34.04%

-52.58%

+18.54%

Current Drawdown

Current decline from peak

-0.44%

-4.15%

+3.71%

Average Drawdown

Average peak-to-trough decline

-7.96%

-29.60%

+21.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

3.23%

-1.25%

Volatility

XMWD.L vs. IUKD.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Swap UCITS ETF 1C (XMWD.L) is 3.41%, while iShares UK Dividend UCITS ETF (IUKD.L) has a volatility of 4.77%. This indicates that XMWD.L experiences smaller price fluctuations and is considered to be less risky than IUKD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMWD.LIUKD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

4.77%

-1.36%

Volatility (6M)

Calculated over the trailing 6-month period

9.13%

11.09%

-1.96%

Volatility (1Y)

Calculated over the trailing 1-year period

11.86%

13.88%

-2.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.17%

17.82%

-1.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

21.21%

-4.51%

XMWD.L vs. IUKD.L - Expense Ratio Comparison

XMWD.L has a 0.45% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.

Dividends

XMWD.L vs. IUKD.L - Dividend Comparison

XMWD.L has not paid dividends to shareholders, while IUKD.L's dividend yield for the trailing twelve months is around 4.53%.

PositionTTM20252024202320222021202020192018201720162015
IUKD.L
iShares UK Dividend UCITS ETF		4.53%4.85%5.78%5.34%6.39%5.68%4.11%5.70%6.86%5.19%4.87%5.67%
XMWD.L
Xtrackers MSCI World Swap UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XMWD.L and IUKD.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.45% for XMWD.L.

XMWD.L is categorized as Global Equities, while IUKD.L is Dividend. XMWD.L tracks MSCI ACWI NR USD, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.45% for XMWD.L and 0.40% for IUKD.L.

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