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EMV.L vs. IWQU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMV.L vs. IWQU.L

Last updated Jun 26, 2026

EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and IWQU.L (iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)) are both exchange-traded funds - EMV.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IWQU.L is a Global Equities fund tracking the MSCI World Sector Neutral Quality Index. Both are passively managed. Over the past 10 years, EMV.L returned 7.04%/yr vs 12.98%/yr for IWQU.L. A 0.62 correlation means they provide meaningful diversification when combined. EMV.L charges 0.40%/yr vs 0.25%/yr for IWQU.L.

Performance

EMV.L vs. IWQU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) and iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, EMV.L achieves a 20.76% return, which is significantly higher than IWQU.L's 9.61% return. Over the past 10 years, EMV.L has underperformed IWQU.L with an annualized return of 7.04%, while IWQU.L has yielded a comparatively higher 12.98% annualized return.

EMV.L

1D
-0.09%
1M
3.26%
YTD
20.76%
6M
21.16%
1Y
27.88%
3Y*
13.23%
5Y*
6.86%
10Y*
7.04%

IWQU.L

1D
-0.24%
1M
1.29%
YTD
9.61%
6M
9.68%
1Y
23.87%
3Y*
16.08%
5Y*
10.94%
10Y*
12.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMV.L vs. IWQU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMV.L
iShares Edge MSCI EM Minimum Volatility UCITS ETF		20.76%5.04%10.84%1.45%-4.20%5.93%4.08%3.48%-0.20%15.47%
IWQU.L
iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)		9.61%7.07%19.21%19.60%-9.66%24.87%11.57%24.71%-2.05%12.88%

Correlation

The correlation between EMV.L and IWQU.L is 0.54, 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

0.54

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

0.48

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

0.47

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

0.60

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

0.62

The correlation between EMV.L and IWQU.L shifts across timeframes, from 0.47 (5 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

EMV.L vs. IWQU.L - Sectors Allocation Comparison

Sectors
EMV.L
IWQU.L

Technology

34.8%
31.2%

Financial Services

19.0%
14.7%

Communication Services

10.5%
9.6%

Consumer Cyclical

6.6%
9.2%

Industrials

6.2%
10.3%

Consumer Defensive

5.8%
4.8%

Healthcare

5.5%
8.8%

Utilities

4.5%
2.5%

Energy

3.8%
3.9%

Basic Materials

2.8%
3.4%

Real Estate

0.6%
1.7%

Technology

EMV.L
34.8%
IWQU.L
31.2%

Financial Services

EMV.L
19.0%
IWQU.L
14.7%

Communication Services

EMV.L
10.5%
IWQU.L
9.6%

Consumer Cyclical

EMV.L
6.6%
IWQU.L
9.2%

Industrials

EMV.L
6.2%
IWQU.L
10.3%

Consumer Defensive

EMV.L
5.8%
IWQU.L
4.8%

Healthcare

EMV.L
5.5%
IWQU.L
8.8%

Utilities

EMV.L
4.5%
IWQU.L
2.5%

Energy

EMV.L
3.8%
IWQU.L
3.9%

Basic Materials

EMV.L
2.8%
IWQU.L
3.4%

Real Estate

EMV.L
0.6%
IWQU.L
1.7%

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iShares Edge MSCI EM Minimum Volatility UCITS ETF

iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)

Often compared with EMV.L:
EMV.L vs. CEA1.LEMV.L vs. EMIM.LEMV.L vs. XDEQ.LEMV.L vs. NDIA.LEMV.L vs. ZEM.TOEMV.L vs. FEMQ.LEMV.L vs. MXFP.L
Often compared with IWQU.L:
IWQU.L vs. IWDA.ASIWQU.L vs. XDEQ.LIWQU.L vs. VOOIWQU.L vs. IWVL.LIWQU.L vs. IWMO.MIIWQU.L vs. VTIWQU.L vs. IWVG.L

Return for Risk

EMV.L vs. IWQU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMV.L
EMV.L Risk / Return Rank: 7878
Overall Rank
EMV.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EMV.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
EMV.L Omega Ratio Rank: 8383
Omega Ratio Rank
EMV.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
EMV.L Martin Ratio Rank: 7272
Martin Ratio Rank
IWQU.L
IWQU.L Risk / Return Rank: 5959
Overall Rank
IWQU.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
IWQU.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
IWQU.L Omega Ratio Rank: 5757
Omega Ratio Rank
IWQU.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
IWQU.L Martin Ratio Rank: 6161
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.

EMV.L vs. IWQU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) and iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.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.

EMV.LIWQU.LDifference
Sharpe ratioReturn per unit of total volatility
2.24
2.13

+0.11

Sortino ratioReturn per unit of downside risk
3.05
3.06

0.00

Omega ratioGain probability vs. loss probability

1.44

1.40

+0.04

Calmar ratioReturn relative to maximum drawdown

3.50

3.56

-0.06

Martin ratioReturn relative to average drawdown

11.63

14.15

-2.52

EMV.L vs. IWQU.L - Sharpe Ratio Comparison

The current EMV.L Sharpe Ratio is 2.24, which is comparable to the IWQU.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of EMV.L and IWQU.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

EMV.L vs. IWQU.L - Drawdown Comparison

The maximum EMV.L drawdown since its inception was -44.99%, which is greater than IWQU.L's maximum drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for EMV.L and IWQU.L.

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Drawdown Indicators

EMV.LIWQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.99%

-24.70%

-20.29%

Max Drawdown (1Y)

Largest decline over 1 year

-7.93%

-6.67%

-1.26%

Max Drawdown (3Y)

Largest decline over 3 years

-21.33%

-18.12%

-3.21%

Max Drawdown (5Y)

Largest decline over 5 years

-21.33%

-18.12%

-3.21%

Max Drawdown (10Y)

Largest decline over 10 years

-22.59%

-24.70%

+2.11%

Current Drawdown

Current decline from peak

-2.34%

-1.34%

-1.00%

Average Drawdown

Average peak-to-trough decline

-16.51%

-3.66%

-12.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.39%

1.68%

+0.71%

Volatility

EMV.L vs. IWQU.L - Volatility Comparison

iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) has a higher volatility of 5.87% compared to iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L) at 3.16%. This indicates that EMV.L's price experiences larger fluctuations and is considered to be riskier than IWQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMV.LIWQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.87%

3.16%

+2.71%

Volatility (6M)

Calculated over the trailing 6-month period

10.87%

8.76%

+2.11%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

11.18%

+1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.99%

14.52%

+3.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

15.41%

+1.19%

EMV.L vs. IWQU.L - Expense Ratio Comparison

EMV.L has a 0.40% expense ratio, which is higher than IWQU.L's 0.25% expense ratio.

Dividends

EMV.L vs. IWQU.L - Dividend Comparison

Neither EMV.L nor IWQU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

EMV.L and IWQU.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IWQU.L is cheaper with a 0.25% expense ratio, compared with 0.40% for EMV.L.

EMV.L is categorized as Emerging Markets Equities, while IWQU.L is Global Equities. EMV.L tracks MSCI EM NR USD, while IWQU.L tracks MSCI World Sector Neutral Quality Index. Their fees differ too: 0.40% for EMV.L and 0.25% for IWQU.L.

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