IS3S.DE vs. FGQD.L
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and FGQD.L (Fidelity Global Quality Income ETF) are both Global Equities funds - IS3S.DE tracks the MSCI World Enhanced Value while FGQD.L tracks the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, IS3S.DE returned 17.56%/yr vs 11.67%/yr for FGQD.L. A 0.79 correlation means they provide meaningful diversification when combined. IS3S.DE charges 0.30%/yr vs 0.40%/yr for FGQD.L.
Performance
IS3S.DE vs. FGQD.L - Performance Comparison
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Different Trading Currencies
IS3S.DE is traded in EUR, while FGQD.L is traded in GBp. To make them comparable, the FGQD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS3S.DE achieves a 36.34% return, which is significantly higher than FGQD.L's 11.85% return.
IS3S.DE
- 1D
- 1.23%
- 1M
- 8.96%
- YTD
- 36.34%
- 6M
- 38.27%
- 1Y
- 65.13%
- 3Y*
- 26.01%
- 5Y*
- 17.56%
- 10Y*
- 13.06%
FGQD.L
- 1D
- 0.84%
- 1M
- 3.73%
- YTD
- 11.85%
- 6M
- 12.72%
- 1Y
- 25.62%
- 3Y*
- 14.61%
- 5Y*
- 11.67%
- 10Y*
- —
IS3S.DE vs. FGQD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 36.34% | 25.13% | 11.36% | 15.62% | -4.81% | 30.35% | -12.53% | 22.01% | -10.32% | 5.92% |
FGQD.L Fidelity Global Quality Income ETF | 11.85% | 6.30% | 18.68% | 13.87% | -5.39% | 31.83% | 0.64% | 31.71% | -3.46% | -16.34% |
Correlation
The correlation between IS3S.DE and FGQD.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.79 |
The correlation between IS3S.DE and FGQD.L has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. FGQD.L — Risk / Return Rank
IS3S.DE
FGQD.L
IS3S.DE vs. FGQD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) and Fidelity Global Quality Income ETF (FGQD.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.
| IS3S.DE | FGQD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.45 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 10.63 | 3.84 | +6.80 |
| Martin ratioReturn relative to average drawdown | 38.66 | 17.82 | +20.84 |
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Drawdowns
IS3S.DE vs. FGQD.L - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.19%, roughly equal to the maximum FGQD.L drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for IS3S.DE and FGQD.L.
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Drawdown Indicators
| IS3S.DE | FGQD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.19% | -33.91% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -6.65% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -19.10% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -19.10% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -7.31% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.43% | +0.25% |
Volatility
IS3S.DE vs. FGQD.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.47% compared to Fidelity Global Quality Income ETF (FGQD.L) at 2.99%. This indicates that IS3S.DE's price experiences larger fluctuations and is considered to be riskier than FGQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3S.DE | FGQD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 2.99% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 7.69% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 10.50% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 13.08% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 16.24% | +0.43% |
IS3S.DE vs. FGQD.L - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is lower than FGQD.L's 0.40% expense ratio.
Dividends
IS3S.DE vs. FGQD.L - Dividend Comparison
IS3S.DE has not paid dividends to shareholders, while FGQD.L's dividend yield for the trailing twelve months is around 1.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGQD.L Fidelity Global Quality Income ETF | 1.80% | 1.86% | 2.31% | 2.78% | 2.70% | 2.46% | 2.60% | 2.44% | 2.70% | 1.10% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS3S.DE and FGQD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3S.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3S.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for FGQD.L.
IS3S.DE tracks MSCI World Enhanced Value, while FGQD.L tracks Fidelity Global Quality Income index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.30% for IS3S.DE and 0.40% for FGQD.L.
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