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

IWFQ.L vs. ISWD.L

Last updated Jun 5, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds from iShares - IWFQ.L tracks the MSCI ACWI NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, IWFQ.L returned 13.14%/yr vs 12.58%/yr for ISWD.L. Their correlation of 0.92 suggests significant overlap in exposure. IWFQ.L charges 0.30%/yr vs 0.60%/yr for ISWD.L.

Performance

IWFQ.L vs. ISWD.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 iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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 lower than ISWD.L's 20.06% return. Both investments have delivered pretty close results over the past 10 years, with IWFQ.L having a 13.14% annualized return and ISWD.L not far behind at 12.58%.

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%

ISWD.L

1D
-0.25%
1M
8.14%
YTD
20.06%
6M
19.53%
1Y
38.72%
3Y*
15.87%
5Y*
13.67%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFQ.L vs. ISWD.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%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.06%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%

Correlation

The correlation between IWFQ.L and ISWD.L is 0.77, 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

0.77

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

0.85

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

0.87

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

0.91

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

0.92

The correlation between IWFQ.L and ISWD.L shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

IWFQ.L vs. ISWD.L - Sectors Allocation Comparison

Sectors
IWFQ.L
ISWD.L

Technology

32.2%
42.8%

Financial Services

14.1%
0.0%

Industrials

9.8%
12.9%

Healthcare

9.4%
10.4%

Communication Services

9.1%
0.4%

Consumer Cyclical

8.8%
6.9%

Consumer Defensive

5.1%
3.7%

Energy

4.2%
11.6%

Basic Materials

3.3%
9.6%

Utilities

2.5%
1.1%

Real Estate

1.7%
0.2%

Technology

IWFQ.L
32.2%
ISWD.L
42.8%

Financial Services

IWFQ.L
14.1%
ISWD.L
0.0%

Industrials

IWFQ.L
9.8%
ISWD.L
12.9%

Healthcare

IWFQ.L
9.4%
ISWD.L
10.4%

Communication Services

IWFQ.L
9.1%
ISWD.L
0.4%

Consumer Cyclical

IWFQ.L
8.8%
ISWD.L
6.9%

Consumer Defensive

IWFQ.L
5.1%
ISWD.L
3.7%

Energy

IWFQ.L
4.2%
ISWD.L
11.6%

Basic Materials

IWFQ.L
3.3%
ISWD.L
9.6%

Utilities

IWFQ.L
2.5%
ISWD.L
1.1%

Real Estate

IWFQ.L
1.7%
ISWD.L
0.2%

Compare stocks, funds, or ETFs

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iShares MSCI World Quality Factor UCITS

iShares MSCI World Islamic UCITS ETF USD (Dist)

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 ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

IWFQ.L vs. ISWD.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
ISWD.L
ISWD.L Risk / Return Rank: 9393
Overall Rank
ISWD.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9393
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9393
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. ISWD.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 iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
3.40

-1.13

Sortino ratioReturn per unit of downside risk
3.21
4.58

-1.38

Omega ratioGain probability vs. loss probability

1.43

1.63

-0.20

Calmar ratioReturn relative to maximum drawdown

3.15

6.98

-3.83

Martin ratioReturn relative to average drawdown

13.27

23.95

-10.68

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. ISWD.L - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.26, which is lower than the ISWD.L Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of IWFQ.L and ISWD.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.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

3.40

-1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

1.03

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

0.88

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.74

+0.14

Drawdowns

IWFQ.L vs. ISWD.L - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -23.91%, smaller than the maximum ISWD.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and ISWD.L.

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Drawdown Indicators

IWFQ.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.91%

-31.52%

+7.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-5.51%

-1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-17.96%

-21.00%

+3.04%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-21.00%

+3.04%

Max Drawdown (10Y)

Largest decline over 10 years

-23.91%

-24.90%

+0.99%

Current Drawdown

Current decline from peak

0.00%

-0.25%

+0.25%

Average Drawdown

Average peak-to-trough decline

-3.62%

-3.60%

-0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

1.61%

+0.06%

Volatility

IWFQ.L vs. ISWD.L - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.56%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than ISWD.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.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

3.64%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

7.09%

8.41%

-1.32%

Volatility (1Y)

Calculated over the trailing 1-year period

9.75%

11.32%

-1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.36%

13.27%

+0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.35%

14.33%

+0.02%

IWFQ.L vs. ISWD.L - Expense Ratio Comparison

IWFQ.L has a 0.30% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

IWFQ.L vs. ISWD.L - Dividend Comparison

IWFQ.L has not paid dividends to shareholders, while ISWD.L's dividend yield for the trailing twelve months is around 1.27%.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
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 ISWD.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWFQ.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWFQ.L is cheaper with a 0.30% expense ratio, compared with 0.60% for ISWD.L.

IWFQ.L tracks MSCI ACWI NR USD, while ISWD.L tracks MSCI World Islamic Index. Their fees differ too: 0.30% for IWFQ.L and 0.60% for ISWD.L.

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