XWD.TO vs. URTH

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI World Index ETF (XWD.TO) and iShares MSCI World ETF (URTH).

XWD.TO and URTH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XWD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 18, 2009. URTH is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Jan 10, 2012. Both XWD.TO and URTH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XWD.TO vs. URTH - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI World Index ETF (XWD.TO) and iShares MSCI World ETF (URTH). The values are adjusted to include any dividend payments, if applicable.

XWD.TO vs. URTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XWD.TO iShares MSCI World Index ETF	-0.91%	15.25%	28.07%	20.32%	-11.57%	21.87%	11.41%	21.44%	-1.52%	14.42%
URTH iShares MSCI World ETF	-0.89%	15.79%	28.85%	21.22%	-12.12%	21.17%	13.83%	21.85%	-0.81%	15.12%

Different Trading Currencies

XWD.TO is traded in CAD, while URTH is traded in USD. To make them comparable, the URTH values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XWD.TO having a -0.91% return and URTH slightly higher at -0.89%. Both investments have delivered pretty close results over the past 10 years, with XWD.TO having a 12.35% annualized return and URTH not far ahead at 12.91%.

XWD.TO

• 1D: 0.83%
• 1M: -2.97%
• YTD: -0.91%
• 6M: 0.12%
• 1Y: 16.05%
• 3Y*: 17.88%
• 5Y*: 12.55%
• 10Y*: 12.35%

URTH

• 1D: 0.85%
• 1M: -2.85%
• YTD: -0.89%
• 6M: 0.22%
• 1Y: 16.82%
• 3Y*: 18.58%
• 5Y*: 12.74%
• 10Y*: 12.91%

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

XWD.TO vs. URTH - Expense Ratio Comparison

XWD.TO has a 0.48% expense ratio, which is higher than URTH's 0.24% expense ratio.

XWD.TO

iShares MSCI World Index ETF

URTH

iShares MSCI World ETF

Return for Risk

XWD.TO vs. URTH — Risk / Return Rank

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

XWD.TO

XWD.TO Risk / Return Rank: 51
XWD.TO Sharpe Ratio Rank: 50
XWD.TO Sortino Ratio Rank: 48
XWD.TO Omega Ratio Rank: 54
XWD.TO Calmar Ratio Rank: 48
XWD.TO Martin Ratio Rank: 54

URTH

URTH Risk / Return Rank: 68
URTH Sharpe Ratio Rank: 65
URTH Sortino Ratio Rank: 67
URTH Omega Ratio Rank: 69
URTH Calmar Ratio Rank: 66
URTH Martin Ratio Rank: 76

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.

XWD.TO vs. URTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.TO) and iShares MSCI World ETF (URTH). 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.

	XWD.TO	URTH	Difference
Sharpe ratio Return per unit of total volatility	0.94	1.00	-0.06
Sortino ratio Return per unit of downside risk	1.37	1.45	-0.09
Omega ratio Gain probability vs. loss probability	1.21	1.23	-0.02
Calmar ratio Return relative to maximum drawdown	1.31	1.41	-0.11
Martin ratio Return relative to average drawdown	5.56	6.04	-0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWD.TO vs. URTH - Sharpe Ratio Comparison

The current XWD.TO Sharpe Ratio is 0.94, which is comparable to the URTH Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of XWD.TO and URTH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XWD.TO	URTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	1.00	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.93	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.86	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.92	-0.06

Correlation

The correlation between XWD.TO and URTH is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XWD.TO vs. URTH - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.34%, less than URTH's 1.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XWD.TO iShares MSCI World Index ETF	1.34%	1.33%	1.19%	1.39%	1.36%	1.21%	1.06%	1.77%	1.94%	1.63%	1.83%	1.84%
URTH iShares MSCI World ETF	1.52%	1.48%	1.47%	1.70%	1.68%	1.50%	1.52%	2.16%	2.30%	1.88%	2.15%	2.35%

Drawdowns

XWD.TO vs. URTH - Drawdown Comparison

The maximum XWD.TO drawdown since its inception was -27.48%, roughly equal to the maximum URTH drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for XWD.TO and URTH.

Drawdown Indicators

	XWD.TO	URTH	Difference
Max Drawdown Largest peak-to-trough decline	-27.48%	-34.01%	+6.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-11.85%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-21.40%	-26.05%	+4.65%
Max Drawdown (10Y) Largest decline over 10 years	-27.48%	-34.01%	+6.53%
Current Drawdown Current decline from peak	-4.26%	-5.49%	+1.23%
Average Drawdown Average peak-to-trough decline	-3.52%	-4.42%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.47%	+0.38%

Volatility

XWD.TO vs. URTH - Volatility Comparison

iShares MSCI World Index ETF (XWD.TO) and iShares MSCI World ETF (URTH) have volatilities of 5.49% and 5.54%, 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.

Volatility by Period

	XWD.TO	URTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	5.54%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	9.42%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.15%	16.85%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	13.83%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.34%	15.14%	+0.20%