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ACWV vs. IWFQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWV vs. IWFQ.L

Last updated Jun 14, 2026

ACWV (iShares MSCI Global Min Vol Factor ETF) and IWFQ.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index, while IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, ACWV returned 7.48%/yr vs 12.73%/yr for IWFQ.L. A 0.53 correlation means they provide meaningful diversification when combined. ACWV charges 0.20%/yr vs 0.30%/yr for IWFQ.L.

Performance

ACWV vs. IWFQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares MSCI World Quality Factor UCITS (IWFQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, ACWV achieves a 2.88% return, which is significantly lower than IWFQ.L's 8.60% return. Over the past 10 years, ACWV has underperformed IWFQ.L with an annualized return of 7.48%, while IWFQ.L has yielded a comparatively higher 12.73% annualized return.

ACWV

1D
0.34%
1M
0.59%
YTD
2.88%
6M
2.95%
1Y
5.56%
3Y*
9.98%
5Y*
5.46%
10Y*
7.48%

IWFQ.L

1D
1.10%
1M
1.87%
YTD
8.60%
6M
9.69%
1Y
21.48%
3Y*
17.72%
5Y*
10.26%
10Y*
12.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWV vs. IWFQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWV
iShares MSCI Global Min Vol Factor ETF		2.88%11.04%11.38%8.23%-10.36%13.97%3.04%21.04%-1.42%18.57%
IWFQ.L
iShares MSCI World Quality Factor UCITS		8.60%15.51%16.94%25.44%-19.22%24.04%14.33%30.91%-7.87%23.17%

Correlation

The correlation between ACWV and IWFQ.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

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

0.42

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

0.50

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

0.52

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2014

0.53

The correlation between ACWV and IWFQ.L shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.

ACWV vs. IWFQ.L - Sectors Allocation Comparison

Sectors
ACWV
IWFQ.L

Technology

25.8%
32.0%

Financial Services

13.2%
14.3%

Healthcare

13.0%
8.6%

Communication Services

11.9%
9.3%

Consumer Defensive

9.8%
4.8%

Industrials

8.1%
10.4%

Utilities

7.3%
2.5%

Consumer Cyclical

5.1%
9.1%

Energy

3.7%
4.0%

Basic Materials

1.5%
3.4%

Real Estate

0.6%
1.6%

Technology

ACWV
25.8%
IWFQ.L
32.0%

Financial Services

ACWV
13.2%
IWFQ.L
14.3%

Healthcare

ACWV
13.0%
IWFQ.L
8.6%

Communication Services

ACWV
11.9%
IWFQ.L
9.3%

Consumer Defensive

ACWV
9.8%
IWFQ.L
4.8%

Industrials

ACWV
8.1%
IWFQ.L
10.4%

Utilities

ACWV
7.3%
IWFQ.L
2.5%

Consumer Cyclical

ACWV
5.1%
IWFQ.L
9.1%

Energy

ACWV
3.7%
IWFQ.L
4.0%

Basic Materials

ACWV
1.5%
IWFQ.L
3.4%

Real Estate

ACWV
0.6%
IWFQ.L
1.6%

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 Global Min Vol Factor ETF

iShares MSCI World Quality Factor UCITS

Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO
Often compared with IWFQ.L:
IWFQ.L vs. IUQF.LIWFQ.L vs. SWDA.LIWFQ.L vs. GGRA.LIWFQ.L vs. GERD.DEIWFQ.L vs. URTHIWFQ.L vs. GOGB.LIWFQ.L vs. MWMIX

Return for Risk

ACWV vs. IWFQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWV
ACWV Risk / Return Rank: 2020
Overall Rank
ACWV Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 1919
Sortino Ratio Rank
ACWV Omega Ratio Rank: 1919
Omega Ratio Rank
ACWV Calmar Ratio Rank: 2020
Calmar Ratio Rank
ACWV Martin Ratio Rank: 2121
Martin Ratio Rank
IWFQ.L
IWFQ.L Risk / Return Rank: 7878
Overall Rank
IWFQ.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
IWFQ.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
IWFQ.L Omega Ratio Rank: 8181
Omega Ratio Rank
IWFQ.L Calmar Ratio Rank: 7171
Calmar Ratio Rank
IWFQ.L Martin Ratio Rank: 7979
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.

ACWV vs. IWFQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares MSCI World Quality Factor UCITS (IWFQ.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.

ACWVIWFQ.LDifference
Sharpe ratioReturn per unit of total volatility
0.62
1.79

-1.17

Sortino ratioReturn per unit of downside risk
0.91
2.74

-1.83

Omega ratioGain probability vs. loss probability

1.11

1.32

-0.21

Calmar ratioReturn relative to maximum drawdown

0.76

2.25

-1.49

Martin ratioReturn relative to average drawdown

2.31

9.64

-7.34

ACWV vs. IWFQ.L - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.62, which is lower than the IWFQ.L Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of ACWV and IWFQ.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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Drawdowns

ACWV vs. IWFQ.L - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum IWFQ.L drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for ACWV and IWFQ.L.

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Drawdown Indicators

ACWVIWFQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-41.23%

+12.41%

Max Drawdown (1Y)

Largest decline over 1 year

-6.37%

-8.90%

+2.53%

Max Drawdown (3Y)

Largest decline over 3 years

-7.56%

-19.07%

+11.51%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-28.30%

+10.16%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

-32.13%

+3.31%

Current Drawdown

Current decline from peak

-2.42%

0.00%

-2.42%

Average Drawdown

Average peak-to-trough decline

-3.11%

-14.27%

+11.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

2.08%

+0.02%

Volatility

ACWV vs. IWFQ.L - Volatility Comparison

The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.18%, while iShares MSCI World Quality Factor UCITS (IWFQ.L) has a volatility of 2.71%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than IWFQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWVIWFQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.18%

2.71%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

5.63%

8.58%

-2.95%

Volatility (1Y)

Calculated over the trailing 1-year period

7.80%

11.17%

-3.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.23%

20.53%

-10.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.30%

18.24%

-5.94%

ACWV vs. IWFQ.L - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is lower than IWFQ.L's 0.30% expense ratio.

Dividends

ACWV vs. IWFQ.L - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 2.03%, while IWFQ.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		2.03%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
IWFQ.L
iShares MSCI World Quality Factor UCITS		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

ACWV and IWFQ.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ACWV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ACWV is cheaper with a 0.20% expense ratio, compared with 0.30% for IWFQ.L.

ACWV is categorized as Large Cap Blend Equities, while IWFQ.L is Global Equities. ACWV tracks MSCI ACWI Minimum Volatility Index, while IWFQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.20% for ACWV and 0.30% for IWFQ.L.

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