IWFQ.L vs. IUSQ.DE
IWFQ.L (iShares MSCI World Quality Factor UCITS) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both Global Equities funds from iShares - IWFQ.L tracks the MSCI ACWI NR USD while IUSQ.DE tracks the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, IWFQ.L returned 13.31%/yr vs 13.49%/yr for IUSQ.DE. Their correlation of 0.89 suggests significant overlap in exposure. IWFQ.L charges 0.30%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IWFQ.L vs. IUSQ.DE - Performance Comparison
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Different Trading Currencies
IWFQ.L is traded in GBp, while IUSQ.DE is traded in EUR. To make them comparable, the IUSQ.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 IUSQ.DE's 10.53% return. Both investments have delivered pretty close results over the past 10 years, with IWFQ.L having a 13.31% annualized return and IUSQ.DE not far ahead at 13.49%.
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%
IUSQ.DE
- 1D
- 1.84%
- 1M
- 1.81%
- YTD
- 10.53%
- 6M
- 11.48%
- 1Y
- 27.70%
- 3Y*
- 17.44%
- 5Y*
- 12.15%
- 10Y*
- 13.49%
IWFQ.L vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 10.53% | 14.69% | 19.10% | 16.20% | -8.85% | 20.02% | 10.86% | 23.38% | -4.65% | 13.80% |
Correlation
The correlation between IWFQ.L and IUSQ.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.89 |
The correlation between IWFQ.L and IUSQ.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
IWFQ.L vs. IUSQ.DE — Risk / Return Rank
IWFQ.L
IUSQ.DE
IWFQ.L vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.95 | -0.82 |
| Martin ratioReturn relative to average drawdown | 13.32 | 15.60 | -2.27 |
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Drawdowns
IWFQ.L vs. IUSQ.DE - Drawdown Comparison
The maximum IWFQ.L drawdown since its inception was -40.49%, which is greater than IUSQ.DE's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and IUSQ.DE.
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Drawdown Indicators
| IWFQ.L | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -26.18% | -14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -6.99% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -19.02% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -19.02% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -23.91% | -26.18% | +2.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.46% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -3.80% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.77% | -0.12% |
Volatility
IWFQ.L vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.81%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.43%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.43% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 8.33% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 11.18% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 13.53% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 14.82% | +2.51% |
IWFQ.L vs. IUSQ.DE - Expense Ratio Comparison
IWFQ.L has a 0.30% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
IWFQ.L vs. IUSQ.DE - Dividend Comparison
Neither IWFQ.L nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IWFQ.L and IUSQ.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for IWFQ.L.
IWFQ.L tracks MSCI ACWI NR USD, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.30% for IWFQ.L and 0.20% for IUSQ.DE.
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