IESG.L vs. XWQS.L
IESG.L (iShares MSCI Europe SRI UCITS ETF) and XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) are both ESG funds - IESG.L tracks the MSCI Europe SRI Select Reduced Fossil Fuel Index while XWQS.L tracks the MSCI World Quality Low Carbon SRI Screened Select Index. Both are passively managed. Over the past year, IESG.L returned 8.35% vs 27.33% for XWQS.L. A 0.68 correlation means they provide meaningful diversification when combined. IESG.L charges 0.20%/yr vs 0.25%/yr for XWQS.L.
Performance
IESG.L vs. XWQS.L - Performance Comparison
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Different Trading Currencies
IESG.L is traded in GBp, while XWQS.L is traded in GBP. To make them comparable, the XWQS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IESG.L achieves a 6.07% return, which is significantly lower than XWQS.L's 9.17% return.
IESG.L
- 1D
- 0.99%
- 1M
- 3.90%
- YTD
- 6.07%
- 6M
- 7.58%
- 1Y
- 8.35%
- 3Y*
- 7.12%
- 5Y*
- 5.54%
- 10Y*
- 8.90%
XWQS.L
- 1D
- 0.98%
- 1M
- 4.52%
- YTD
- 9.17%
- 6M
- 10.62%
- 1Y
- 27.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IESG.L vs. XWQS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IESG.L iShares MSCI Europe SRI UCITS ETF | 6.07% | 8.44% | 0.88% | 7.74% |
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C | 9.17% | 9.12% | 20.95% | -12.78% |
Correlation
The correlation between IESG.L and XWQS.L is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.68 |
The correlation between IESG.L and XWQS.L has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
IESG.L vs. XWQS.L — Risk / Return Rank
IESG.L
XWQS.L
IESG.L vs. XWQS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF (IESG.L) and Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.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.
| IESG.L | XWQS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.46 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 3.48 | -2.75 |
| Martin ratioReturn relative to average drawdown | 2.41 | 14.34 | -11.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IESG.L | XWQS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.48 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.44 | +0.07 |
Drawdowns
IESG.L vs. XWQS.L - Drawdown Comparison
The maximum IESG.L drawdown since its inception was -25.95%, which is greater than XWQS.L's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for IESG.L and XWQS.L.
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Drawdown Indicators
| IESG.L | XWQS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.95% | -23.95% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -7.82% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.95% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.12% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.90% | +1.56% |
Volatility
IESG.L vs. XWQS.L - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF (IESG.L) has a higher volatility of 3.93% compared to Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) at 2.97%. This indicates that IESG.L's price experiences larger fluctuations and is considered to be riskier than XWQS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IESG.L | XWQS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.97% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 7.99% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 10.96% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 18.61% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 18.61% | -3.77% |
IESG.L vs. XWQS.L - Expense Ratio Comparison
IESG.L has a 0.20% expense ratio, which is lower than XWQS.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IESG.L vs. XWQS.L - Dividend Comparison
Neither IESG.L nor XWQS.L has paid dividends to shareholders.
Frequently Asked Questions
IESG.L and XWQS.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESG.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XWQS.L.
IESG.L tracks MSCI Europe SRI Select Reduced Fossil Fuel Index, while XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IESG.L and 0.25% for XWQS.L.
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