IUQA.L vs. FSWD.L
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and FSWD.L (iShares STOXX World Equity Multifactor 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 FSWD.L is a Global Equities fund tracking the STOXX Developed World Equity Factor Screened Net Index. Both are passively managed. Over the past 5 years, IUQA.L returned 11.21%/yr vs 11.17%/yr for FSWD.L. Their correlation of 0.80 suggests significant overlap in exposure. IUQA.L charges 0.20%/yr vs 0.30%/yr for FSWD.L.
Performance
IUQA.L vs. FSWD.L - Performance Comparison
Loading charts...
Different Trading Currencies
IUQA.L is traded in USD, while FSWD.L is traded in GBp. To make them comparable, the FSWD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUQA.L achieves a 9.47% return, which is significantly lower than FSWD.L's 12.04% 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*
- —
FSWD.L
- 1D
- -1.03%
- 1M
- 0.58%
- 6M
- 11.33%
- YTD
- 12.04%
- 1Y
- 24.72%
- 3Y*
- 19.69%
- 5Y*
- 11.17%
- 10Y*
- 11.78%
IUQA.L vs. FSWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -6.91% | 50.23% |
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.04% | 26.00% | 16.89% | 14.80% | -15.51% | 21.00% | 10.16% | 22.35% | -12.59% | 26.17% |
Correlation
The correlation between IUQA.L and FSWD.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.80 |
The correlation between IUQA.L and FSWD.L has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUQA.L vs. FSWD.L — Risk / Return Rank
IUQA.L
FSWD.L
IUQA.L vs. FSWD.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 iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.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 | FSWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.09 | -0.67 |
| Martin ratioReturn relative to average drawdown | 10.28 | 12.73 | -2.45 |
Loading charts...
Drawdowns
IUQA.L vs. FSWD.L - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, smaller than the maximum FSWD.L drawdown of -41.16%. Use the drawdown chart below to compare losses from any high point for IUQA.L and FSWD.L.
Loading charts...
Drawdown Indicators
| IUQA.L | FSWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -41.16% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -7.98% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -18.85% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -25.01% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -1.29% | -1.28% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -12.27% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.94% | -0.06% |
Volatility
IUQA.L vs. FSWD.L - Volatility Comparison
iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) has a higher volatility of 3.28% compared to iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) at 3.11%. This indicates that IUQA.L's price experiences larger fluctuations and is considered to be riskier than FSWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUQA.L | FSWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.11% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 9.67% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 12.17% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 20.20% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 18.37% | +12.37% |
IUQA.L vs. FSWD.L - Expense Ratio Comparison
IUQA.L has a 0.20% expense ratio, which is lower than FSWD.L's 0.30% expense ratio.
Dividends
IUQA.L vs. FSWD.L - Dividend Comparison
Neither IUQA.L nor FSWD.L has paid dividends to shareholders.
Frequently Asked Questions
IUQA.L and FSWD.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUQA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUQA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for FSWD.L.
IUQA.L is categorized as Large Cap Blend Equities, while FSWD.L is Global Equities. IUQA.L tracks MSCI USA Sector Neutral Quality Index, while FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index. Their fees differ too: 0.20% for IUQA.L and 0.30% for FSWD.L.
Find the right allocation for IUQA.L and FSWD.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