CB5.L vs. WQDS.L

Last updated Jun 5, 2026

CB5.L (Amundi ETF MSCI Europe Banks UCITS ETF) and WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - CB5.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while WQDS.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past year, CB5.L returned 44.85% vs 33.20% for WQDS.L. At a 0.50 correlation, their price movements are largely independent. CB5.L charges 0.25%/yr vs 0.38%/yr for WQDS.L.

Performance

CB5.L vs. WQDS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) and iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CB5.L achieves a 6.56% return, which is significantly lower than WQDS.L's 15.10% return.

CB5.L

• 1D: 0.41%
• 1M: 6.43%
• YTD: 6.56%
• 6M: 13.41%
• 1Y: 44.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WQDS.L

• 1D: 0.14%
• 1M: 7.68%
• YTD: 15.10%
• 6M: 15.33%
• 1Y: 33.20%
• 3Y*: 17.21%
• 5Y*: 13.76%
• 10Y*: —

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

CB5.L vs. WQDS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CB5.L Amundi ETF MSCI Europe Banks UCITS ETF	6.56%	83.78%	6.12%
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	15.10%	16.53%	3.93%

Correlation

The correlation between CB5.L and WQDS.L is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Jun 6, 2024	0.50

The correlation between CB5.L and WQDS.L has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

CB5.L vs. WQDS.L - Sectors Allocation Comparison

Sectors	CB5.L	WQDS.L
Financial Services	55.4%	16.9%
Technology	24.7%	35.2%
Industrials	15.3%	11.1%
Healthcare	2.5%	14.4%
Consumer Defensive	2.4%	3.6%
Consumer Cyclical	2.3%	4.3%
Basic Materials	2.2%	0.7%
Energy	1.8%	4.1%
Utilities	0.4%	3.1%
Communication Services	0.2%	5.4%
Real Estate	-	1.3%

Return for Risk

CB5.L vs. WQDS.L — Risk / Return Rank

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

CB5.L

CB5.L Risk / Return Rank: 60
CB5.L Sharpe Ratio Rank: 63
CB5.L Sortino Ratio Rank: 60
CB5.L Omega Ratio Rank: 57
CB5.L Calmar Ratio Rank: 60
CB5.L Martin Ratio Rank: 59

WQDS.L

WQDS.L Risk / Return Rank: 90
WQDS.L Sharpe Ratio Rank: 91
WQDS.L Sortino Ratio Rank: 93
WQDS.L Omega Ratio Rank: 91
WQDS.L Calmar Ratio Rank: 87
WQDS.L Martin Ratio Rank: 87

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.

CB5.L vs. WQDS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) and iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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.

	CB5.L	WQDS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.09	3.19	-1.10
Sortino ratio: Return per unit of downside risk	2.81	4.56	-1.75
Omega ratio: Gain probability vs. loss probability	1.35	1.60	-0.25
Calmar ratio: Return relative to maximum drawdown	2.94	4.90	-1.95
Martin ratio: Return relative to average drawdown	10.36	18.20	-7.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CB5.L vs. WQDS.L - Sharpe Ratio Comparison

The current CB5.L Sharpe Ratio is 2.09, which is lower than the WQDS.L Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of CB5.L and WQDS.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.

Sharpe Ratios by Period

	CB5.L	WQDS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	3.19	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.03	0.80	+1.23

Drawdowns

CB5.L vs. WQDS.L - Drawdown Comparison

The maximum CB5.L drawdown since its inception was -17.55%, smaller than the maximum WQDS.L drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for CB5.L and WQDS.L.

Drawdown Indicators

	CB5.L	WQDS.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.55%	-24.24%	+6.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-6.75%	-8.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.93%	—
Current Drawdown Current decline from peak	-1.20%	0.00%	-1.20%
Average Drawdown Average peak-to-trough decline	-2.47%	-2.87%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	1.82%	+2.50%

Volatility

CB5.L vs. WQDS.L - Volatility Comparison

Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) has a higher volatility of 6.12% compared to iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) at 3.09%. This indicates that CB5.L's price experiences larger fluctuations and is considered to be riskier than WQDS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CB5.L	WQDS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	3.09%	+3.03%
Volatility (6M) Calculated over the trailing 6-month period	17.68%	7.72%	+9.96%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	10.37%	+11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	11.58%	+10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	13.22%	+8.57%

CB5.L vs. WQDS.L - Expense Ratio Comparison

CB5.L has a 0.25% expense ratio, which is lower than WQDS.L's 0.38% expense ratio.

Dividends

CB5.L vs. WQDS.L - Dividend Comparison

CB5.L has not paid dividends to shareholders, while WQDS.L's dividend yield for the trailing twelve months is around 2.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CB5.L Amundi ETF MSCI Europe Banks UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	2.90%	3.12%	3.24%	3.55%	3.56%	3.71%	3.84%	3.98%	4.19%	1.05%

Frequently Asked Questions

Can I hold both CB5.L and WQDS.L in my portfolio?

CB5.L and WQDS.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CB5.L or WQDS.L?

On fees, CB5.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CB5.L or WQDS.L?

CB5.L is cheaper with a 0.25% expense ratio, compared with 0.38% for WQDS.L.

What is the main difference between CB5.L and WQDS.L?

CB5.L is categorized as Financials Equities, while WQDS.L is Global Equities. CB5.L tracks MSCI World/Financials NR USD, while WQDS.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for CB5.L and 0.38% for WQDS.L.