FVD.L vs. WQDS.L

Last updated Jul 16, 2026

FVD.L (First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation) and WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - FVD.L is a Dividend fund tracking the First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation, 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 5 years, FVD.L returned 5.82%/yr vs 12.32%/yr for WQDS.L. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

FVD.L vs. WQDS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.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.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FVD.L achieves a 6.31% return, which is significantly lower than WQDS.L's 15.87% return.

FVD.L

• 1D: -0.33%
• 1M: 1.73%
• 6M: 4.38%
• YTD: 6.31%
• 1Y: 10.94%
• 3Y*: 8.68%
• 5Y*: 5.82%
• 10Y*: —

WQDS.L

• 1D: 0.04%
• 1M: 0.37%
• 6M: 14.07%
• YTD: 15.87%
• 1Y: 29.54%
• 3Y*: 18.61%
• 5Y*: 12.32%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation	6.31%	8.66%	9.25%	3.39%	-4.80%	24.66%	-3.10%
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	15.87%	24.26%	9.82%	16.65%	-7.07%	16.41%	0.72%

Correlation

The correlation between FVD.L and WQDS.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	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020	0.72

Over the past year, the correlation between FVD.L and WQDS.L has dropped to 0.43 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

FVD.L vs. WQDS.L — Risk / Return Rank

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

FVD.L

FVD.L Risk / Return Rank: 36
FVD.L Sharpe Ratio Rank: 38
FVD.L Sortino Ratio Rank: 36
FVD.L Omega Ratio Rank: 34
FVD.L Calmar Ratio Rank: 40
FVD.L Martin Ratio Rank: 33

WQDS.L

WQDS.L Risk / Return Rank: 91
WQDS.L Sharpe Ratio Rank: 93
WQDS.L Sortino Ratio Rank: 93
WQDS.L Omega Ratio Rank: 92
WQDS.L Calmar Ratio Rank: 89
WQDS.L Martin Ratio Rank: 89

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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.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.

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.

	FVD.L	WQDS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.12	2.51	-1.39
Sortino ratio: Return per unit of downside risk	1.59	3.70	-2.11
Omega ratio: Gain probability vs. loss probability	1.19	1.45	-0.26
Calmar ratio: Return relative to maximum drawdown	1.68	3.62	-1.94
Martin ratio: Return relative to average drawdown	4.02	13.55	-9.53

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

The current FVD.L Sharpe Ratio is 1.12, which is lower than the WQDS.L Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FVD.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.

Drawdowns

FVD.L vs. WQDS.L - Drawdown Comparison

The maximum FVD.L drawdown since its inception was -34.96%, smaller than the maximum WQDS.L drawdown of -37.21%. Use the drawdown chart below to compare losses from any high point for FVD.L and WQDS.L.

Drawdown Indicators

	FVD.L	WQDS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.96%	-37.21%	+2.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-8.11%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.60%	-14.02%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-16.22%	-21.68%	+5.46%
Current Drawdown Current decline from peak	-1.61%	-0.22%	-1.39%
Average Drawdown Average peak-to-trough decline	-5.06%	-8.83%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.17%	+0.69%

Volatility

FVD.L vs. WQDS.L - Volatility Comparison

First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) has a higher volatility of 4.06% compared to iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) at 2.75%. This indicates that FVD.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

	FVD.L	WQDS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	2.75%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	9.35%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.23%	11.73%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.79%	13.79%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	16.24%	+0.22%

Dividends

FVD.L vs. WQDS.L - Dividend Comparison

FVD.L has not paid dividends to shareholders, while WQDS.L's dividend yield for the trailing twelve months is around 2.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation	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)	2.15%	2.34%	2.56%	2.86%	2.97%	2.70%	3.03%	3.10%

Frequently Asked Questions

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

FVD.L and WQDS.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.

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

FVD.L is categorized as Dividend, while WQDS.L is Global Equities. FVD.L tracks First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation, while WQDS.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. They also come from different issuers: First Trust and iShares.