IUQA.L vs. FLQA.L
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc)) are both exchange-traded funds - IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while FLQA.L is a Asia Pacific Equities fund tracking the Linked FTSE Asia ex Japan ex China Index - Net Return. Both are passively managed. Over the past 5 years, IUQA.L returned 11.21%/yr vs 12.23%/yr for FLQA.L. A 0.61 correlation means they provide meaningful diversification when combined. IUQA.L charges 0.20%/yr vs 0.14%/yr for FLQA.L.
Performance
IUQA.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUQA.L achieves a 9.47% return, which is significantly lower than FLQA.L's 30.17% return.
IUQA.L
- 1D
- -1.29%
- 1M
- 0.11%
- 6M
- 7.42%
- YTD
- 9.47%
- 1Y
- 19.35%
- 3Y*
- 17.47%
- 5Y*
- 11.21%
- 10Y*
- —
FLQA.L
- 1D
- -1.86%
- 1M
- -11.56%
- 6M
- 22.63%
- YTD
- 30.17%
- 1Y
- 48.05%
- 3Y*
- 24.43%
- 5Y*
- 12.23%
- 10Y*
- —
IUQA.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 9.47% | 12.46% | 22.48% | 30.95% | -20.74% | 27.56% | 16.09% | 33.33% | -15.02% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) | 30.17% | 29.84% | 7.76% | 12.02% | -12.93% | 4.57% | 6.71% | 9.75% | -5.84% |
Correlation
The correlation between IUQA.L and FLQA.L is 0.57, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2018 | 0.61 |
The correlation between IUQA.L and FLQA.L has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
IUQA.L vs. FLQA.L — Risk / Return Rank
IUQA.L
FLQA.L
IUQA.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.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.
| IUQA.L | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.37 | -0.95 |
| Martin ratioReturn relative to average drawdown | 10.28 | 10.76 | -0.48 |
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Drawdowns
IUQA.L vs. FLQA.L - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, which is greater than FLQA.L's maximum drawdown of -29.21%. Use the drawdown chart below to compare losses from any high point for IUQA.L and FLQA.L.
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Drawdown Indicators
| IUQA.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -29.21% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -14.19% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -22.19% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -25.38% | -2.39% |
Current DrawdownCurrent decline from peak | -1.29% | -14.19% | +12.90% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -7.22% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 4.45% | -2.57% |
Volatility
IUQA.L vs. FLQA.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) is 3.28%, while Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) has a volatility of 10.89%. This indicates that IUQA.L experiences smaller price fluctuations and is considered to be less risky than FLQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUQA.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 10.89% | -7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 23.07% | -14.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 25.18% | -13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 17.75% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 18.53% | +12.21% |
IUQA.L vs. FLQA.L - Expense Ratio Comparison
IUQA.L has a 0.20% expense ratio, which is higher than FLQA.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUQA.L vs. FLQA.L - Dividend Comparison
Neither IUQA.L nor FLQA.L has paid dividends to shareholders.
Frequently Asked Questions
IUQA.L and FLQA.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLQA.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLQA.L is cheaper with a 0.14% expense ratio, compared with 0.20% for IUQA.L.
IUQA.L is categorized as Large Cap Blend Equities, while FLQA.L is Asia Pacific Equities. IUQA.L tracks MSCI USA Sector Neutral Quality Index, while FLQA.L tracks Linked FTSE Asia ex Japan ex China Index - Net Return. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.20% for IUQA.L and 0.14% for FLQA.L.
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