XRSG.L vs. SWDA.L

Last updated Jul 21, 2026

XRSG.L (Xtrackers Russell 2000 UCITS ETF 1C) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - XRSG.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, XRSG.L returned 10.00%/yr vs 12.56%/yr for SWDA.L. A 0.79 correlation means they provide meaningful diversification when combined. XRSG.L charges 0.30%/yr vs 0.20%/yr for SWDA.L.

Performance

XRSG.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRSG.L achieves a 19.15% return, which is significantly higher than SWDA.L's 9.33% return. Over the past 10 years, XRSG.L has underperformed SWDA.L with an annualized return of 10.00%, while SWDA.L has yielded a comparatively higher 12.56% annualized return.

XRSG.L

• 1D: 0.23%
• 1M: -2.05%
• 6M: 12.42%
• YTD: 19.15%
• 1Y: 32.92%
• 3Y*: 13.88%
• 5Y*: 7.27%
• 10Y*: 10.00%
• ALL TIME*: 6.24%

SWDA.L

• 1D: 0.25%
• 1M: -1.61%
• 6M: 8.59%
• YTD: 9.33%
• 1Y: 20.19%
• 3Y*: 16.57%
• 5Y*: 11.82%
• 10Y*: 12.56%
• ALL TIME*: 9.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XRSG.L vs. SWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XRSG.L Xtrackers Russell 2000 UCITS ETF 1C	19.15%	4.65%	11.80%	12.16%	-11.47%	15.43%	15.81%	20.64%	-7.63%	4.40%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	9.33%	12.64%	21.11%	17.59%	-8.33%	23.64%	12.25%	23.03%	-3.78%	11.78%

Correlation

The correlation between XRSG.L and SWDA.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Mar 6, 2015	0.79

The correlation between XRSG.L and SWDA.L has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

XRSG.L vs. SWDA.L - Sectors Allocation Comparison

Sectors	XRSG.L	SWDA.L
Healthcare	20.3%	8.9%
Financial Services	17.7%	16.3%
Technology	14.8%	30.3%
Industrials	14.1%	11.1%
Consumer Cyclical	9.2%	8.9%
Real Estate	6.7%	1.7%
Energy	5.4%	3.8%
Basic Materials	4.4%	3.1%
Utilities	2.7%	2.5%
Consumer Defensive	2.6%	4.9%
Communication Services	2.2%	8.5%

Return for Risk

XRSG.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XRSG.L

XRSG.L Risk / Return Rank: 81
XRSG.L Sharpe Ratio Rank: 82
XRSG.L Sortino Ratio Rank: 80
XRSG.L Omega Ratio Rank: 74
XRSG.L Calmar Ratio Rank: 88
XRSG.L Martin Ratio Rank: 79

SWDA.L

SWDA.L Risk / Return Rank: 81
SWDA.L Sharpe Ratio Rank: 81
SWDA.L Sortino Ratio Rank: 80
SWDA.L Omega Ratio Rank: 80
SWDA.L Calmar Ratio Rank: 80
SWDA.L Martin Ratio Rank: 83

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.

XRSG.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 2000 UCITS ETF 1C (XRSG.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.

	XRSG.L	SWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.92	+0.03
Sortino ratio: Return per unit of downside risk	2.69	2.71	-0.02
Omega ratio: Gain probability vs. loss probability	1.33	1.36	-0.03
Calmar ratio: Return relative to maximum drawdown	3.81	3.07	+0.74
Martin ratio: Return relative to average drawdown	10.93	11.89	-0.96

XRSG.L vs. SWDA.L - Sharpe Ratio Comparison

The current XRSG.L Sharpe Ratio is 1.95, which is comparable to the SWDA.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of XRSG.L and SWDA.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.

Drawdowns

XRSG.L vs. SWDA.L - Drawdown Comparison

The maximum XRSG.L drawdown since its inception was -48.07%, 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 XRSG.L and SWDA.L.

Drawdown Indicators

	XRSG.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.07%	-41.70%	-6.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-6.55%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-30.09%	-18.50%	-11.59%
Max Drawdown (5Y) Largest decline over 5 years	-30.09%	-18.50%	-11.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.31%	-25.58%	-9.73%
Current Drawdown Current decline from peak	-3.83%	-1.61%	-2.22%
Average Drawdown Average peak-to-trough decline	-13.78%	-9.44%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	1.69%	+1.31%

Volatility

XRSG.L vs. SWDA.L - Volatility Comparison

Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) has a higher volatility of 4.40% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.67%. This indicates that XRSG.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.

Volatility by Period

	XRSG.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	2.67%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	7.71%	+4.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	10.47%	+6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	13.33%	+10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	14.51%	+8.03%

XRSG.L vs. SWDA.L - Expense Ratio Comparison

XRSG.L has a 0.30% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

XRSG.L vs. SWDA.L - Dividend Comparison

Neither XRSG.L nor SWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRSG.L and SWDA.L in my portfolio?

XRSG.L and SWDA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRSG.L or SWDA.L?

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.

Which ETF is cheaper, XRSG.L or SWDA.L?

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for XRSG.L.

What is the main difference between XRSG.L and SWDA.L?

XRSG.L is categorized as Small Cap Blend Equities, while SWDA.L is Global Equities. XRSG.L tracks Russell 2000 TR USD, while SWDA.L tracks MSCI World Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XRSG.L and 0.20% for SWDA.L.