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XWD.TO vs. URTH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XWD.TO vs. URTH

Last updated Jun 7, 2026

XWD.TO (iShares MSCI World Index ETF) and URTH (iShares MSCI World ETF) are both Global Equities funds from iShares - XWD.TO tracks the Morningstar Gbl GR CAD while URTH tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, XWD.TO returned 13.28%/yr vs 13.80%/yr for URTH. A 0.63 correlation means they provide meaningful diversification when combined. XWD.TO charges 0.48%/yr vs 0.24%/yr for URTH.

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.

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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 stocks are quite close, with XWD.TO having a 9.55% return and URTH slightly lower at 9.53%. Both investments have delivered pretty close results over the past 10 years, with XWD.TO having a 13.28% annualized return and URTH not far ahead at 13.80%.

XWD.TO

1D
-2.18%
1M
1.60%
YTD
9.55%
6M
9.13%
1Y
24.56%
3Y*
20.76%
5Y*
14.33%
10Y*
13.28%

URTH

1D
-2.48%
1M
1.66%
YTD
9.53%
6M
9.22%
1Y
24.89%
3Y*
21.26%
5Y*
14.52%
10Y*
13.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XWD.TO vs. URTH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XWD.TO
iShares MSCI World Index ETF		9.55%15.25%28.07%20.32%-11.57%21.63%11.41%21.44%-1.52%14.43%
URTH
iShares MSCI World ETF		9.53%15.82%28.71%21.00%-12.77%22.21%13.04%22.86%-0.87%14.62%

Correlation

The correlation between XWD.TO and URTH is 0.79, 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

0.79

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

0.78

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

0.77

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

0.72

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2012

0.63

The correlation between XWD.TO and URTH shifts across timeframes, from 0.63 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.

XWD.TO vs. URTH - Sectors Allocation Comparison

Sectors
XWD.TO
URTH

Technology

29.0%
28.3%

Financial Services

15.9%
15.8%

Industrials

11.0%
11.3%

Consumer Cyclical

9.3%
9.3%

Communication Services

9.1%
9.3%

Healthcare

8.6%
8.8%

Consumer Defensive

5.3%
5.2%

Energy

4.1%
4.2%

Basic Materials

3.2%
3.3%

Utilities

2.7%
2.7%

Real Estate

1.9%
1.9%

Technology

XWD.TO
29.0%
URTH
28.3%

Financial Services

XWD.TO
15.9%
URTH
15.8%

Industrials

XWD.TO
11.0%
URTH
11.3%

Consumer Cyclical

XWD.TO
9.3%
URTH
9.3%

Communication Services

XWD.TO
9.1%
URTH
9.3%

Healthcare

XWD.TO
8.6%
URTH
8.8%

Consumer Defensive

XWD.TO
5.3%
URTH
5.2%

Energy

XWD.TO
4.1%
URTH
4.2%

Basic Materials

XWD.TO
3.2%
URTH
3.3%

Utilities

XWD.TO
2.7%
URTH
2.7%

Real Estate

XWD.TO
1.9%
URTH
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Index ETF

iShares MSCI World ETF

Often compared with XWD.TO:
XWD.TO vs. XEQT.TOXWD.TO vs. VTXWD.TO vs. VWRA.LXWD.TO vs. ZGQ.TOXWD.TO vs. SPYXWD.TO vs. VEQT.TOXWD.TO vs. VOO
Often compared with URTH:
URTH vs. VTURTH vs. IWDA.LURTH vs. SPYURTH vs. VOOURTH vs. BRK-BURTH vs. VXUSURTH vs. EEM

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: 7474
Overall Rank
XWD.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 7777
Martin Ratio Rank
URTH
URTH Risk / Return Rank: 5959
Overall Rank
URTH Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
URTH Sortino Ratio Rank: 5757
Sortino Ratio Rank
URTH Omega Ratio Rank: 5757
Omega Ratio Rank
URTH Calmar Ratio Rank: 5454
Calmar Ratio Rank
URTH Martin Ratio Rank: 6666
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.

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.TOURTHDifference
Sharpe ratioReturn per unit of total volatility
2.20
2.03

+0.17

Sortino ratioReturn per unit of downside risk
3.04
2.81

+0.23

Omega ratioGain probability vs. loss probability

1.40

1.35

+0.06

Calmar ratioReturn relative to maximum drawdown

3.38

3.20

+0.18

Martin ratioReturn relative to average drawdown

13.79

12.66

+1.13

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 2.20, which is comparable to the URTH Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XWD.TO and URTH, 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

XWD.TOURTHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.20

2.03

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

0.85

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.87

0.75

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.81

+0.09

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 -28.26%. Use the drawdown chart below to compare losses from any high point for XWD.TO and URTH.

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Drawdown Indicators

XWD.TOURTHDifference

Max Drawdown

Largest peak-to-trough decline

-27.48%

-28.26%

+0.78%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-8.11%

+0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-17.26%

+0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-21.56%

-22.26%

+0.70%

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

-28.26%

+0.78%

Current Drawdown

Current decline from peak

-2.47%

-2.48%

+0.01%

Average Drawdown

Average peak-to-trough decline

-3.52%

-3.55%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.05%

-0.16%

Volatility

XWD.TO vs. URTH - Volatility Comparison

iShares MSCI World Index ETF (XWD.TO) and iShares MSCI World ETF (URTH) have volatilities of 3.99% and 4.09%, 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

XWD.TOURTHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.99%

4.09%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

9.33%

10.27%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

11.89%

12.80%

-0.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

17.22%

-3.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.38%

18.35%

-2.97%

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.

Dividends

XWD.TO vs. URTH - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.21%, less than URTH's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
URTH
iShares MSCI World ETF		1.38%1.48%1.47%1.70%1.68%1.50%1.52%2.16%2.30%1.88%2.15%2.35%
XWD.TO
iShares MSCI World Index ETF		1.21%1.33%1.19%1.39%1.35%1.21%1.06%1.77%1.94%1.64%1.83%1.84%

Frequently Asked Questions

XWD.TO and URTH have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, URTH is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

URTH is cheaper with a 0.24% expense ratio, compared with 0.48% for XWD.TO.

XWD.TO tracks Morningstar Gbl GR CAD, while URTH tracks MSCI World Index (Net). Their fees differ too: 0.48% for XWD.TO and 0.24% for URTH.

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