PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FGQD.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FGQD.L vs. IWVL.L

Last updated Jun 5, 2026

FGQD.L (Fidelity Global Quality Income ETF) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - FGQD.L tracks the Fidelity Global Quality Income index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 5 years, FGQD.L returned 11.86%/yr vs 17.54%/yr for IWVL.L. A 0.69 correlation means they provide meaningful diversification when combined. FGQD.L charges 0.40%/yr vs 0.25%/yr for IWVL.L.

Performance

FGQD.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Global Quality Income ETF (FGQD.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FGQD.L achieves a 10.28% return, which is significantly lower than IWVL.L's 34.84% return.

FGQD.L

1D
0.18%
1M
4.38%
YTD
10.28%
6M
10.17%
1Y
26.89%
3Y*
14.75%
5Y*
11.86%
10Y*
—

IWVL.L

1D
-0.65%
1M
13.25%
YTD
34.84%
6M
37.26%
1Y
67.93%
3Y*
27.08%
5Y*
17.54%
10Y*
13.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FGQD.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FGQD.L
Fidelity Global Quality Income ETF		10.28%11.78%13.21%11.51%-0.25%23.78%6.42%23.83%-2.30%7.82%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		34.84%30.41%6.96%13.56%0.94%21.25%-6.50%13.64%-8.94%8.98%

Correlation

The correlation between FGQD.L and IWVL.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.65

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

0.71

Correlation (All Time)
Calculated using the full available price history since Apr 4, 2017

0.69

Over the past year, the correlation between FGQD.L and IWVL.L has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

FGQD.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
FGQD.L
IWVL.L

Technology

30.7%
33.9%

Financial Services

15.9%
14.8%

Industrials

11.7%
11.3%

Healthcare

8.8%
8.8%

Consumer Cyclical

8.6%
7.9%

Communication Services

8.4%
7.6%

Consumer Defensive

4.7%
4.5%

Energy

3.9%
3.8%

Basic Materials

3.0%
3.0%

Utilities

2.5%
2.5%

Real Estate

1.9%
1.8%

Technology

FGQD.L
30.7%
IWVL.L
33.9%

Financial Services

FGQD.L
15.9%
IWVL.L
14.8%

Industrials

FGQD.L
11.7%
IWVL.L
11.3%

Healthcare

FGQD.L
8.8%
IWVL.L
8.8%

Consumer Cyclical

FGQD.L
8.6%
IWVL.L
7.9%

Communication Services

FGQD.L
8.4%
IWVL.L
7.6%

Consumer Defensive

FGQD.L
4.7%
IWVL.L
4.5%

Energy

FGQD.L
3.9%
IWVL.L
3.8%

Basic Materials

FGQD.L
3.0%
IWVL.L
3.0%

Utilities

FGQD.L
2.5%
IWVL.L
2.5%

Real Estate

FGQD.L
1.9%
IWVL.L
1.8%

Compare stocks, funds, or ETFs

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

Fidelity Global Quality Income ETF

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

Often compared with FGQD.L:
FGQD.L vs. GGRP.LFGQD.L vs. SCHDFGQD.L vs. TDIV.ASFGQD.L vs. IMID.LFGQD.L vs. GGRG.LFGQD.L vs. FUSD.LFGQD.L vs. XDEB.DE
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

FGQD.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FGQD.L
FGQD.L Risk / Return Rank: 8686
Overall Rank
FGQD.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FGQD.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
FGQD.L Omega Ratio Rank: 9090
Omega Ratio Rank
FGQD.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
FGQD.L Martin Ratio Rank: 8383
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
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.

FGQD.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income ETF (FGQD.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

FGQD.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
3.01
4.57

-1.56

Sortino ratioReturn per unit of downside risk
4.09
6.12

-2.03

Omega ratioGain probability vs. loss probability

1.58

1.85

-0.28

Calmar ratioReturn relative to maximum drawdown

3.86

8.65

-4.78

Martin ratioReturn relative to average drawdown

16.82

36.16

-19.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGQD.L vs. IWVL.L - Sharpe Ratio Comparison

The current FGQD.L Sharpe Ratio is 3.01, which is lower than the IWVL.L Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of FGQD.L and IWVL.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.

Loading charts...

Sharpe Ratios by Period

FGQD.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.01

4.57

-1.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

1.22

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.87

0.75

+0.11

Drawdowns

FGQD.L vs. IWVL.L - Drawdown Comparison

The maximum FGQD.L drawdown since its inception was -26.43%, smaller than the maximum IWVL.L drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for FGQD.L and IWVL.L.

Loading charts...

Drawdown Indicators

FGQD.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.43%

-28.56%

+2.13%

Max Drawdown (1Y)

Largest decline over 1 year

-6.93%

-7.82%

+0.89%

Max Drawdown (3Y)

Largest decline over 3 years

-16.90%

-14.14%

-2.76%

Max Drawdown (5Y)

Largest decline over 5 years

-16.90%

-14.14%

-2.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.56%

—

Current Drawdown

Current decline from peak

0.00%

-0.65%

+0.65%

Average Drawdown

Average peak-to-trough decline

-2.90%

-4.52%

+1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

1.87%

-0.28%

Volatility

FGQD.L vs. IWVL.L - Volatility Comparison

The current volatility for Fidelity Global Quality Income ETF (FGQD.L) is 1.88%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.16%. This indicates that FGQD.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FGQD.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.88%

6.16%

-4.28%

Volatility (6M)

Calculated over the trailing 6-month period

6.37%

12.58%

-6.21%

Volatility (1Y)

Calculated over the trailing 1-year period

8.89%

14.78%

-5.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.07%

14.34%

-2.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.61%

16.05%

-1.44%

FGQD.L vs. IWVL.L - Expense Ratio Comparison

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

Dividends

FGQD.L vs. IWVL.L - Dividend Comparison

FGQD.L's dividend yield for the trailing twelve months is around 1.81%, while IWVL.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
FGQD.L
Fidelity Global Quality Income ETF		1.81%1.87%2.31%2.78%2.69%2.46%2.60%2.44%2.70%1.56%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FGQD.L and IWVL.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.40% for FGQD.L.

FGQD.L tracks Fidelity Global Quality Income index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.40% for FGQD.L and 0.25% for IWVL.L.

Portfolio Optimizer

Find the right allocation for FGQD.L and IWVL.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer