EGMW.L vs. IQCY.L

Last updated Jun 5, 2026

EGMW.L (iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)) and IQCY.L (Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc) are both Global Equities funds - EGMW.L tracks the MSCI ACWI NR USD while IQCY.L tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 5 years, EGMW.L returned 11.70%/yr vs 48.80%/yr for IQCY.L. Their correlation of 0.85 suggests significant overlap in exposure. EGMW.L charges 0.20%/yr vs 0.45%/yr for IQCY.L.

Performance

EGMW.L vs. IQCY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.L) and Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc (IQCY.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGMW.L achieves a 9.42% return, which is significantly lower than IQCY.L's 30.19% return.

EGMW.L

• 1D: 0.11%
• 1M: 5.23%
• YTD: 9.42%
• 6M: 9.73%
• 1Y: 25.53%
• 3Y*: 16.40%
• 5Y*: 11.70%
• 10Y*: —

IQCY.L

• 1D: -1.35%
• 1M: 11.12%
• YTD: 30.19%
• 6M: 28.29%
• 1Y: 50.00%
• 3Y*: 92.20%
• 5Y*: 48.80%
• 10Y*: —

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

EGMW.L vs. IQCY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EGMW.L iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)	9.42%	11.08%	20.29%	16.47%	-11.09%	24.85%	22.30%
IQCY.L Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc	30.19%	14.12%	342.87%	17.77%	-16.95%	17.73%	34.37%

Correlation

The correlation between EGMW.L and IQCY.L 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	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 1, 2020	0.85

The correlation between EGMW.L and IQCY.L has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

EGMW.L vs. IQCY.L - Sectors Allocation Comparison

Sectors	EGMW.L	IQCY.L
Technology	31.1%	45.0%
Financial Services	16.1%	0.5%
Industrials	10.0%	46.5%
Healthcare	9.1%	0.1%
Communication Services	8.9%	2.7%
Consumer Cyclical	8.8%	0.7%
Consumer Defensive	4.4%	0.0%
Energy	4.0%	0.0%
Basic Materials	3.0%	1.4%
Utilities	2.4%	3.2%
Real Estate	2.1%	0.0%

Return for Risk

EGMW.L vs. IQCY.L — Risk / Return Rank

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

EGMW.L

EGMW.L Risk / Return Rank: 76
EGMW.L Sharpe Ratio Rank: 77
EGMW.L Sortino Ratio Rank: 77
EGMW.L Omega Ratio Rank: 79
EGMW.L Calmar Ratio Rank: 73
EGMW.L Martin Ratio Rank: 76

IQCY.L

IQCY.L Risk / Return Rank: 88
IQCY.L Sharpe Ratio Rank: 91
IQCY.L Sortino Ratio Rank: 91
IQCY.L Omega Ratio Rank: 88
IQCY.L Calmar Ratio Rank: 89
IQCY.L Martin Ratio Rank: 81

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.

EGMW.L vs. IQCY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.L) and Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc (IQCY.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.

	EGMW.L	IQCY.L	Difference
Sharpe ratio: Return per unit of total volatility	2.46	3.10	-0.64
Sortino ratio: Return per unit of downside risk	3.40	4.28	-0.87
Omega ratio: Gain probability vs. loss probability	1.46	1.54	-0.08
Calmar ratio: Return relative to maximum drawdown	3.56	5.29	-1.73
Martin ratio: Return relative to average drawdown	14.23	15.92	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGMW.L vs. IQCY.L - Sharpe Ratio Comparison

The current EGMW.L Sharpe Ratio is 2.46, which is comparable to the IQCY.L Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of EGMW.L and IQCY.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

	EGMW.L	IQCY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	3.10	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.37	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.39	+0.40

Drawdowns

EGMW.L vs. IQCY.L - Drawdown Comparison

The maximum EGMW.L drawdown since its inception was -23.48%, roughly equal to the maximum IQCY.L drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for EGMW.L and IQCY.L.

Drawdown Indicators

	EGMW.L	IQCY.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.48%	-22.65%	-0.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-9.40%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-21.98%	+2.98%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-22.65%	+3.65%
Current Drawdown Current decline from peak	-0.15%	-1.35%	+1.20%
Average Drawdown Average peak-to-trough decline	-3.95%	-6.23%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	3.13%	-1.34%

Volatility

EGMW.L vs. IQCY.L - Volatility Comparison

The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.L) is 2.55%, while Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc (IQCY.L) has a volatility of 6.49%. This indicates that EGMW.L experiences smaller price fluctuations and is considered to be less risky than IQCY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGMW.L	IQCY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	6.49%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	12.58%	-5.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	16.06%	-5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	131.45%	-118.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	119.50%	-103.45%

EGMW.L vs. IQCY.L - Expense Ratio Comparison

EGMW.L has a 0.20% expense ratio, which is lower than IQCY.L's 0.45% expense ratio.

Dividends

EGMW.L vs. IQCY.L - Dividend Comparison

Neither EGMW.L nor IQCY.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EGMW.L and IQCY.L in my portfolio?

EGMW.L and IQCY.L 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.

Which ETF is better, EGMW.L or IQCY.L?

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

Which ETF is cheaper, EGMW.L or IQCY.L?

EGMW.L is cheaper with a 0.20% expense ratio, compared with 0.45% for IQCY.L.

What is the main difference between EGMW.L and IQCY.L?

EGMW.L tracks MSCI ACWI NR USD, while IQCY.L tracks MSCI ACWI SMID NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EGMW.L and 0.45% for IQCY.L.