IWFQ.L vs. IS3S.DE
IWFQ.L (iShares MSCI World Quality Factor UCITS) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds from iShares - IWFQ.L tracks the MSCI ACWI NR USD while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 10 years, IWFQ.L returned 13.31%/yr vs 13.92%/yr for IS3S.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWFQ.L vs. IS3S.DE - Performance Comparison
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Different Trading Currencies
IWFQ.L is traded in GBp, while IS3S.DE is traded in EUR. To make them comparable, the IS3S.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWFQ.L achieves a 9.10% return, which is significantly lower than IS3S.DE's 33.24% return. Both investments have delivered pretty close results over the past 10 years, with IWFQ.L having a 13.31% annualized return and IS3S.DE not far ahead at 13.92%.
IWFQ.L
- 1D
- 1.26%
- 1M
- 1.93%
- YTD
- 9.10%
- 6M
- 9.45%
- 1Y
- 22.98%
- 3Y*
- 15.38%
- 5Y*
- 11.41%
- 10Y*
- 13.31%
IS3S.DE
- 1D
- 2.86%
- 1M
- 4.63%
- YTD
- 33.24%
- 6M
- 34.94%
- 1Y
- 65.39%
- 3Y*
- 25.82%
- 5Y*
- 17.32%
- 10Y*
- 13.92%
IWFQ.L vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWFQ.L iShares MSCI World Quality Factor UCITS | 9.10% | 7.40% | 18.93% | 19.15% | -9.55% | 25.17% | 10.93% | 25.86% | -2.34% | 12.47% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 33.24% | 31.64% | 6.51% | 13.31% | 0.41% | 21.15% | -7.59% | 15.66% | -9.05% | 12.26% |
Correlation
The correlation between IWFQ.L and IS3S.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.75 |
The correlation between IWFQ.L and IS3S.DE shifts across timeframes, from 0.62 (3 years) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWFQ.L vs. IS3S.DE — Risk / Return Rank
IWFQ.L
IS3S.DE
IWFQ.L vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWFQ.L) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| IWFQ.L | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.84 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 9.40 | -6.27 |
| Martin ratioReturn relative to average drawdown | 13.32 | 34.63 | -21.30 |
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Drawdowns
IWFQ.L vs. IS3S.DE - Drawdown Comparison
The maximum IWFQ.L drawdown since its inception was -40.49%, which is greater than IS3S.DE's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and IS3S.DE.
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Drawdown Indicators
| IWFQ.L | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -29.48% | -11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -6.87% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -15.00% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -15.00% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -23.91% | -28.19% | +4.28% |
Current DrawdownCurrent decline from peak | 0.00% | -1.42% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -6.49% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.87% | -0.22% |
Volatility
IWFQ.L vs. IS3S.DE - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.81%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.93%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWFQ.L | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 5.93% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 11.96% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 14.15% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 13.50% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 16.19% | +1.14% |
IWFQ.L vs. IS3S.DE - Expense Ratio Comparison
Both IWFQ.L and IS3S.DE have an expense ratio of 0.30%.
Dividends
IWFQ.L vs. IS3S.DE - Dividend Comparison
Neither IWFQ.L nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
IWFQ.L and IS3S.DE have a correlation of 0.67, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWFQ.L and IS3S.DE have the same expense ratio: 0.30% per year.
IWFQ.L tracks MSCI ACWI NR USD, while IS3S.DE tracks MSCI World Enhanced Value.
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