IWDA.L vs. QDVA.DE
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - IWDA.L is a Global Equities fund tracking the MSCI World Index (Net), while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, IWDA.L returned 11.47%/yr vs 14.25%/yr for QDVA.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IWDA.L vs. QDVA.DE - Performance Comparison
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Different Trading Currencies
IWDA.L is traded in USD, while QDVA.DE is traded in EUR. To make them comparable, the QDVA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDA.L achieves a 8.48% return, which is significantly lower than QDVA.DE's 29.43% return.
IWDA.L
- 1D
- 2.15%
- 1M
- 1.12%
- YTD
- 8.48%
- 6M
- 9.90%
- 1Y
- 23.88%
- 3Y*
- 19.55%
- 5Y*
- 11.47%
- 10Y*
- 13.34%
QDVA.DE
- 1D
- 3.76%
- 1M
- 5.70%
- YTD
- 29.43%
- 6M
- 32.08%
- 1Y
- 41.92%
- 3Y*
- 31.54%
- 5Y*
- 14.25%
- 10Y*
- —
IWDA.L vs. QDVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.48% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 29.43% | 18.70% | 31.98% | 9.31% | -18.40% | 13.17% | 28.95% | 28.34% | -3.72% | 37.40% |
Correlation
The correlation between IWDA.L and QDVA.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.76 |
The correlation between IWDA.L and QDVA.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
IWDA.L vs. QDVA.DE — Risk / Return Rank
IWDA.L
QDVA.DE
IWDA.L vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE). 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.L | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.80 | -1.00 |
| Martin ratioReturn relative to average drawdown | 11.55 | 14.39 | -2.84 |
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Drawdowns
IWDA.L vs. QDVA.DE - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, roughly equal to the maximum QDVA.DE drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for IWDA.L and QDVA.DE.
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Drawdown Indicators
| IWDA.L | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.81% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -10.79% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -21.83% | +4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -31.81% | +5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.28% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -7.96% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.85% | -0.83% |
Volatility
IWDA.L vs. QDVA.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 3.96%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 8.95%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than QDVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.L | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 8.95% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 17.42% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 20.06% | -7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 19.84% | -4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 19.65% | -3.73% |
IWDA.L vs. QDVA.DE - Expense Ratio Comparison
Both IWDA.L and QDVA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IWDA.L vs. QDVA.DE - Dividend Comparison
Neither IWDA.L nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDA.L and QDVA.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L and QDVA.DE have the same expense ratio: 0.20% per year.
IWDA.L is categorized as Global Equities, while QDVA.DE is Momentum. IWDA.L tracks MSCI World Index (Net), while QDVA.DE tracks MSCI USA Momentum Index.
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