XUTD.L vs. IWDA.AS
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - XUTD.L is a Government Bonds fund tracking the iBoxx USD Treasuries Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, XUTD.L returned 0.90%/yr vs 13.07%/yr for IWDA.AS. At a correlation of -0.14, they often move in opposite directions. XUTD.L charges 0.06%/yr vs 0.20%/yr for IWDA.AS.
Performance
XUTD.L vs. IWDA.AS - Performance Comparison
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Different Trading Currencies
XUTD.L is traded in USD, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUTD.L achieves a -0.22% return, which is significantly lower than IWDA.AS's 9.81% return. Over the past 10 years, XUTD.L has underperformed IWDA.AS with an annualized return of 0.90%, while IWDA.AS has yielded a comparatively higher 13.07% annualized return.
XUTD.L
- 1D
- 0.20%
- 1M
- 0.21%
- YTD
- -0.22%
- 6M
- 0.03%
- 1Y
- 3.70%
- 3Y*
- 2.89%
- 5Y*
- -0.44%
- 10Y*
- 0.90%
IWDA.AS
- 1D
- 0.09%
- 1M
- 4.07%
- YTD
- 9.81%
- 6M
- 11.01%
- 1Y
- 25.92%
- 3Y*
- 20.74%
- 5Y*
- 11.84%
- 10Y*
- 13.07%
XUTD.L vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -2.45% | 7.94% | 7.21% | 0.66% | 2.22% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 9.81% | 21.46% | 19.36% | 23.68% | -18.74% | 23.51% | 15.60% | 27.07% | -8.63% | 22.70% |
Correlation
The correlation between XUTD.L and IWDA.AS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2009 | -0.14 |
The correlation between XUTD.L and IWDA.AS shifts across timeframes, from -0.14 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XUTD.L vs. IWDA.AS — Risk / Return Rank
XUTD.L
IWDA.AS
XUTD.L vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| XUTD.L | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.05 | -1.84 |
| Martin ratioReturn relative to average drawdown | 3.71 | 13.17 | -9.46 |
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
| XUTD.L | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.22 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.75 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.81 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.68 | -0.25 |
Drawdowns
XUTD.L vs. IWDA.AS - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, smaller than the maximum IWDA.AS drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for XUTD.L and IWDA.AS.
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Drawdown Indicators
| XUTD.L | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -34.11% | +14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -8.39% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -17.83% | +12.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -25.94% | +8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -34.11% | +14.50% |
Current DrawdownCurrent decline from peak | -7.53% | -0.49% | -7.04% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -4.64% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.95% | -0.96% |
Volatility
XUTD.L vs. IWDA.AS - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) is 1.40%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 2.94%. This indicates that XUTD.L experiences smaller price fluctuations and is considered to be less risky than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.L | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 2.94% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 8.59% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 11.51% | -7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 15.47% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 15.80% | -10.75% |
XUTD.L vs. IWDA.AS - Expense Ratio Comparison
XUTD.L has a 0.06% expense ratio, which is lower than IWDA.AS'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
XUTD.L vs. IWDA.AS - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 3.48% | 3.27% | 3.65% | 2.39% | 1.95% | 3.42% | 1.08% | 1.47% | 1.35% | 1.34% | 2.12% |
Frequently Asked Questions
XUTD.L and IWDA.AS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTD.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.L is cheaper with a 0.06% expense ratio, compared with 0.20% for IWDA.AS.
XUTD.L is categorized as Government Bonds, while IWDA.AS is Global Equities. XUTD.L tracks iBoxx USD Treasuries Index, while IWDA.AS tracks MSCI World Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUTD.L and 0.20% for IWDA.AS.
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