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IWFQ.L vs. CHG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWFQ.L vs. CHG.L

Last updated Jun 5, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) is Global Equities fund tracking the MSCI ACWI NR USD, while CHG.L (Chemring Group plc) is a stock. Over the past 10 years, IWFQ.L returned 13.14%/yr vs 15.92%/yr for CHG.L. At a 0.21 correlation, their price movements are largely independent.

Performance

IWFQ.L vs. CHG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Quality Factor UCITS (IWFQ.L) and Chemring Group plc (CHG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWFQ.L achieves a 8.70% return, which is significantly higher than CHG.L's 6.86% return. Over the past 10 years, IWFQ.L has underperformed CHG.L with an annualized return of 13.14%, while CHG.L has yielded a comparatively higher 15.92% annualized return.

IWFQ.L

1D
0.95%
1M
3.22%
YTD
8.70%
6M
8.62%
1Y
22.16%
3Y*
15.22%
5Y*
11.52%
10Y*
13.14%

CHG.L

1D
0.12%
1M
-3.38%
YTD
6.86%
6M
5.74%
1Y
-11.59%
3Y*
25.32%
5Y*
11.18%
10Y*
15.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFQ.L vs. CHG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWFQ.L
iShares MSCI World Quality Factor UCITS		8.70%7.40%18.93%19.15%-9.55%25.17%10.93%25.86%-2.34%12.47%
CHG.L
Chemring Group plc		6.86%46.54%-4.46%20.37%2.15%5.20%20.90%52.51%-10.88%9.42%

Correlation

The correlation between IWFQ.L and CHG.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.21

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iShares MSCI World Quality Factor UCITS

Chemring Group plc

Often compared with IWFQ.L:
IWFQ.L vs. IUQF.LIWFQ.L vs. SWDA.LIWFQ.L vs. GGRA.LIWFQ.L vs. GERD.DEIWFQ.L vs. URTHIWFQ.L vs. GOGB.LIWFQ.L vs. MWMIX
Often compared with CHG.L:
CHG.L vs. MSI.LCHG.L vs. KOG.OLCHG.L vs. EXENS.PACHG.L vs. AIR.PACHG.L vs. BA.LCHG.L vs. SMIN.LCHG.L vs. AM.PA

Return for Risk

IWFQ.L vs. CHG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWFQ.L
IWFQ.L Risk / Return Rank: 7070
Overall Rank
IWFQ.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IWFQ.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
IWFQ.L Omega Ratio Rank: 7373
Omega Ratio Rank
IWFQ.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWFQ.L Martin Ratio Rank: 7272
Martin Ratio Rank
CHG.L
CHG.L Risk / Return Rank: 2828
Overall Rank
CHG.L Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
CHG.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
CHG.L Omega Ratio Rank: 2727
Omega Ratio Rank
CHG.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
CHG.L Martin Ratio Rank: 2828
Martin Ratio Rank
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.

IWFQ.L vs. CHG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWFQ.L) and Chemring Group plc (CHG.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.

IWFQ.LCHG.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
-0.27

+2.53

Sortino ratioReturn per unit of downside risk
3.21
-0.18

+3.38

Omega ratioGain probability vs. loss probability

1.43

0.98

+0.45

Calmar ratioReturn relative to maximum drawdown

3.15

-0.36

+3.51

Martin ratioReturn relative to average drawdown

13.27

-0.70

+13.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWFQ.L vs. CHG.L - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.26, which is higher than the CHG.L Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of IWFQ.L and CHG.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.

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Sharpe Ratios by Period

IWFQ.LCHG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

-0.27

+2.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.38

+0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

0.49

+0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.31

+0.58

Drawdowns

IWFQ.L vs. CHG.L - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -23.91%, smaller than the maximum CHG.L drawdown of -79.82%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and CHG.L.

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Drawdown Indicators

IWFQ.LCHG.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.91%

-79.82%

+55.91%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-23.04%

+16.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.96%

-27.69%

+9.73%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-29.12%

+11.16%

Max Drawdown (10Y)

Largest decline over 10 years

-23.91%

-41.54%

+17.63%

Current Drawdown

Current decline from peak

0.00%

-15.71%

+15.71%

Average Drawdown

Average peak-to-trough decline

-3.62%

-34.36%

+30.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

12.02%

-10.35%

Volatility

IWFQ.L vs. CHG.L - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.56%, while Chemring Group plc (CHG.L) has a volatility of 13.43%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than CHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWFQ.LCHG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

13.43%

-10.87%

Volatility (6M)

Calculated over the trailing 6-month period

7.09%

24.12%

-17.03%

Volatility (1Y)

Calculated over the trailing 1-year period

9.75%

31.96%

-22.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.36%

29.38%

-16.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.35%

32.46%

-18.11%

Dividends

IWFQ.L vs. CHG.L - Dividend Comparison

IWFQ.L has not paid dividends to shareholders, while CHG.L's dividend yield for the trailing twelve months is around 1.60%.

PositionTTM20252024202320222021202020192018201720162015
CHG.L
Chemring Group plc		1.60%1.67%2.19%1.74%1.71%1.42%1.30%1.41%1.92%1.25%0.00%2.16%
IWFQ.L
iShares MSCI World Quality Factor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IWFQ.L and CHG.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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