IUQA.L vs. MVOL.L

Last updated Jun 21, 2026

IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IUQA.L returned 12.05%/yr vs 5.04%/yr for MVOL.L. A 0.70 correlation means they provide meaningful diversification when combined. IUQA.L charges 0.20%/yr vs 0.35%/yr for MVOL.L.

Performance

IUQA.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUQA.L achieves a 8.28% return, which is significantly higher than MVOL.L's -1.02% return.

IUQA.L

• 1D: -0.05%
• 1M: 2.13%
• YTD: 8.28%
• 6M: 8.86%
• 1Y: 23.59%
• 3Y*: 18.66%
• 5Y*: 12.05%
• 10Y*: —

MVOL.L

• 1D: -0.01%
• 1M: -2.61%
• YTD: -1.02%
• 6M: -0.53%
• 1Y: 1.24%
• 3Y*: 8.39%
• 5Y*: 5.04%
• 10Y*: 6.83%

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

IUQA.L vs. MVOL.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	8.28%	12.46%	22.48%	30.95%	-20.74%	27.56%	16.09%	33.33%	-6.91%	50.23%
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS	-1.02%	11.02%	11.08%	7.28%	-9.62%	14.65%	2.56%	22.56%	-2.40%	17.39%

Correlation

The correlation between IUQA.L and MVOL.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016	0.70

Over the past year, the correlation between IUQA.L and MVOL.L has dropped to 0.49 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

IUQA.L vs. MVOL.L - Sectors Allocation Comparison

Sectors	IUQA.L	MVOL.L
Technology	38.8%	24.0%
Communication Services	11.8%	11.4%
Financial Services	10.8%	13.1%
Consumer Cyclical	9.3%	5.2%
Healthcare	8.7%	13.8%
Industrials	7.2%	8.9%
Consumer Defensive	4.4%	10.3%
Energy	3.2%	4.0%
Utilities	2.1%	7.4%
Basic Materials	1.9%	0.9%
Real Estate	1.8%	1.1%

Return for Risk

IUQA.L vs. MVOL.L — Risk / Return Rank

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

IUQA.L

IUQA.L Risk / Return Rank: 69
IUQA.L Sharpe Ratio Rank: 68
IUQA.L Sortino Ratio Rank: 77
IUQA.L Omega Ratio Rank: 67
IUQA.L Calmar Ratio Rank: 64
IUQA.L Martin Ratio Rank: 73

MVOL.L

MVOL.L Risk / Return Rank: 11
MVOL.L Sharpe Ratio Rank: 12
MVOL.L Sortino Ratio Rank: 11
MVOL.L Omega Ratio Rank: 10
MVOL.L Calmar Ratio Rank: 12
MVOL.L Martin Ratio Rank: 12

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.

IUQA.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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	MVOL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.24	+1.86
Sortino ratio: Return per unit of downside risk	3.25	0.39	+2.86
Omega ratio: Gain probability vs. loss probability	1.38	1.05	+0.33
Calmar ratio: Return relative to maximum drawdown	3.02	0.33	+2.69
Martin ratio: Return relative to average drawdown	13.05	0.77	+12.28

IUQA.L vs. MVOL.L - Sharpe Ratio Comparison

The current IUQA.L Sharpe Ratio is 2.10, which is higher than the MVOL.L Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of IUQA.L and MVOL.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

IUQA.L vs. MVOL.L - Drawdown Comparison

The maximum IUQA.L drawdown since its inception was -33.96%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for IUQA.L and MVOL.L.

Drawdown Indicators

	IUQA.L	MVOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.96%	-28.82%	-5.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.96%	-5.78%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.03%	-8.15%	-9.88%
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	-18.52%	-9.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.82%	—
Current Drawdown Current decline from peak	-1.57%	-5.47%	+3.90%
Average Drawdown Average peak-to-trough decline	-5.52%	-3.30%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.51%	-0.66%

Volatility

IUQA.L vs. MVOL.L - Volatility Comparison

iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) has a higher volatility of 3.47% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.13%. This indicates that IUQA.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUQA.L	MVOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	2.13%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	5.74%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	7.91%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	10.65%	+5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.85%	11.65%	+19.20%

IUQA.L vs. MVOL.L - Expense Ratio Comparison

IUQA.L has a 0.20% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

IUQA.L vs. MVOL.L - Dividend Comparison

Neither IUQA.L nor MVOL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUQA.L and MVOL.L in my portfolio?

IUQA.L and MVOL.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUQA.L or MVOL.L?

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.

Which ETF is cheaper, IUQA.L or MVOL.L?

IUQA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for MVOL.L.

What is the main difference between IUQA.L and MVOL.L?

IUQA.L is categorized as Large Cap Blend Equities, while MVOL.L is Global Equities. IUQA.L tracks MSCI USA Sector Neutral Quality Index, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.20% for IUQA.L and 0.35% for MVOL.L.