IWDA.AS vs. XDEQ.L
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both Global Equities funds - IWDA.AS tracks the MSCI World Index while XDEQ.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWDA.AS returned 13.10%/yr vs 12.70%/yr for XDEQ.L. Their correlation of 0.89 suggests significant overlap in exposure. IWDA.AS charges 0.20%/yr vs 0.25%/yr for XDEQ.L.
Performance
IWDA.AS vs. XDEQ.L - Performance Comparison
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Different Trading Currencies
IWDA.AS is traded in EUR, while XDEQ.L is traded in GBp. To make them comparable, the XDEQ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IWDA.AS having a 11.31% return and XDEQ.L slightly lower at 10.93%. Both investments have delivered pretty close results over the past 10 years, with IWDA.AS having a 13.10% annualized return and XDEQ.L not far behind at 12.70%.
IWDA.AS
- 1D
- -0.08%
- 1M
- 2.60%
- YTD
- 11.31%
- 6M
- 13.13%
- 1Y
- 24.64%
- 3Y*
- 17.15%
- 5Y*
- 12.43%
- 10Y*
- 13.10%
XDEQ.L
- 1D
- -0.08%
- 1M
- 3.39%
- YTD
- 10.93%
- 6M
- 12.54%
- 1Y
- 21.72%
- 3Y*
- 15.16%
- 5Y*
- 11.18%
- 10Y*
- 12.70%
IWDA.AS vs. XDEQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.31% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 10.93% | 1.91% | 24.64% | 21.75% | -14.11% | 33.29% | 4.95% | 34.02% | -3.54% | 8.12% |
Correlation
The correlation between IWDA.AS and XDEQ.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.89 |
The correlation between IWDA.AS and XDEQ.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. XDEQ.L — Risk / Return Rank
IWDA.AS
XDEQ.L
IWDA.AS vs. XDEQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.
| IWDA.AS | XDEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 3.38 | +0.39 |
| Martin ratioReturn relative to average drawdown | 14.95 | 14.19 | +0.76 |
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Drawdowns
IWDA.AS vs. XDEQ.L - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, smaller than the maximum XDEQ.L drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and XDEQ.L.
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Drawdown Indicators
| IWDA.AS | XDEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -47.81% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.40% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -20.25% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -20.25% | -1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -31.39% | -2.24% |
Current DrawdownCurrent decline from peak | -0.12% | -0.08% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -16.14% | +11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.53% | +0.10% |
Volatility
IWDA.AS vs. XDEQ.L - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 3.07% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.27%. This indicates that IWDA.AS's price experiences larger fluctuations and is considered to be riskier than XDEQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.AS | XDEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.27% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 7.42% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 10.44% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 19.74% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 20.99% | -5.98% |
IWDA.AS vs. XDEQ.L - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than XDEQ.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
IWDA.AS vs. XDEQ.L - Dividend Comparison
Neither IWDA.AS nor XDEQ.L has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and XDEQ.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEQ.L.
IWDA.AS tracks MSCI World Index, while XDEQ.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IWDA.AS and 0.25% for XDEQ.L.
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