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

IWFQ.L vs. IWFM.L

Last updated Jun 5, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IWFM.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, IWFQ.L returned 13.14%/yr vs 16.44%/yr for IWFM.L. Their correlation of 0.82 suggests significant overlap in exposure. IWFQ.L charges 0.30%/yr vs 0.25%/yr for IWFM.L.

Performance

IWFQ.L vs. IWFM.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 Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.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 IWFM.L's 22.13% return. Over the past 10 years, IWFQ.L has underperformed IWFM.L with an annualized return of 13.14%, while IWFM.L has yielded a comparatively higher 16.44% 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%

IWFM.L

1D
-0.86%
1M
6.96%
YTD
22.13%
6M
22.40%
1Y
34.99%
3Y*
26.24%
5Y*
14.83%
10Y*
16.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFQ.L vs. IWFM.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%
IWFM.L
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)		22.13%12.72%32.62%5.85%-8.21%15.58%24.16%23.25%1.62%20.40%

Correlation

The correlation between IWFQ.L and IWFM.L is 0.68, 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

0.68

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

0.83

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

0.82

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

0.84

Correlation (All Time)
Calculated using the full available price history since Oct 8, 2014

0.82

The correlation between IWFQ.L and IWFM.L shifts across timeframes, from 0.68 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
IWFQ.L
IWFM.L

Technology

32.2%
26.0%

Financial Services

14.1%
13.1%

Industrials

9.8%
18.7%

Healthcare

9.4%
10.7%

Communication Services

9.1%
6.8%

Consumer Cyclical

8.8%
1.6%

Consumer Defensive

5.1%
1.5%

Energy

4.2%
10.6%

Basic Materials

3.3%
6.0%

Utilities

2.5%
3.7%

Real Estate

1.7%
1.4%

Technology

IWFQ.L
32.2%
IWFM.L
26.0%

Financial Services

IWFQ.L
14.1%
IWFM.L
13.1%

Industrials

IWFQ.L
9.8%
IWFM.L
18.7%

Healthcare

IWFQ.L
9.4%
IWFM.L
10.7%

Communication Services

IWFQ.L
9.1%
IWFM.L
6.8%

Consumer Cyclical

IWFQ.L
8.8%
IWFM.L
1.6%

Consumer Defensive

IWFQ.L
5.1%
IWFM.L
1.5%

Energy

IWFQ.L
4.2%
IWFM.L
10.6%

Basic Materials

IWFQ.L
3.3%
IWFM.L
6.0%

Utilities

IWFQ.L
2.5%
IWFM.L
3.7%

Real Estate

IWFQ.L
1.7%
IWFM.L
1.4%

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iShares MSCI World Quality Factor UCITS

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)

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 IWFM.L:
IWFM.L vs. SPMOIWFM.L vs. XDEM.DEIWFM.L vs. IMTMIWFM.L vs. IUMF.LIWFM.L vs. SPYIWFM.L vs. JPGL.LIWFM.L vs. ACWI

Return for Risk

IWFQ.L vs. IWFM.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
IWFM.L
IWFM.L Risk / Return Rank: 7272
Overall Rank
IWFM.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWFM.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
IWFM.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWFM.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
IWFM.L Martin Ratio Rank: 8080
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. IWFM.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 Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.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.LIWFM.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
2.16

+0.11

Sortino ratioReturn per unit of downside risk
3.21
3.18

+0.03

Omega ratioGain probability vs. loss probability

1.43

1.39

+0.03

Calmar ratioReturn relative to maximum drawdown

3.15

3.91

-0.76

Martin ratioReturn relative to average drawdown

13.27

15.27

-2.00

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. IWFM.L - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.26, which is comparable to the IWFM.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IWFQ.L and IWFM.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.LIWFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

2.16

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.90

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

0.98

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.98

-0.09

Drawdowns

IWFQ.L vs. IWFM.L - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -23.91%, which is greater than IWFM.L's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and IWFM.L.

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Drawdown Indicators

IWFQ.LIWFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.91%

-22.58%

-1.33%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-8.95%

+1.94%

Max Drawdown (3Y)

Largest decline over 3 years

-17.96%

-20.40%

+2.44%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-20.40%

+2.44%

Max Drawdown (10Y)

Largest decline over 10 years

-23.91%

-22.58%

-1.33%

Current Drawdown

Current decline from peak

0.00%

-0.86%

+0.86%

Average Drawdown

Average peak-to-trough decline

-3.62%

-4.94%

+1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

2.30%

-0.63%

Volatility

IWFQ.L vs. IWFM.L - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.56%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a volatility of 5.85%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than IWFM.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.LIWFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

5.85%

-3.29%

Volatility (6M)

Calculated over the trailing 6-month period

7.09%

13.75%

-6.66%

Volatility (1Y)

Calculated over the trailing 1-year period

9.75%

16.21%

-6.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.36%

16.47%

-3.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.35%

17.18%

-2.83%

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

IWFQ.L has a 0.30% expense ratio, which is higher than IWFM.L's 0.25% expense ratio.

Dividends

IWFQ.L vs. IWFM.L - Dividend Comparison

Neither IWFQ.L nor IWFM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IWFQ.L and IWFM.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWFM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWFM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IWFQ.L.

IWFQ.L is categorized as Global Equities, while IWFM.L is Momentum. IWFQ.L tracks MSCI ACWI NR USD, while IWFM.L tracks MSCI World Momentum Index. Their fees differ too: 0.30% for IWFQ.L and 0.25% for IWFM.L.

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