IWFQ.L vs. MGGIX
IWFQ.L (iShares MSCI World Quality Factor UCITS) and MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) are both Global Equities funds. Over the past 10 years, IWFQ.L returned 13.14%/yr vs 14.21%/yr for MGGIX. A 0.55 correlation means they provide meaningful diversification when combined. IWFQ.L charges 0.30%/yr vs 0.95%/yr for MGGIX.
Performance
IWFQ.L vs. MGGIX - Performance Comparison
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Different Trading Currencies
IWFQ.L is traded in GBp, while MGGIX is traded in USD. To make them comparable, the MGGIX 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 8.70% return, which is significantly higher than MGGIX's 4.36% return. Over the past 10 years, IWFQ.L has underperformed MGGIX with an annualized return of 13.14%, while MGGIX has yielded a comparatively higher 14.21% 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%
MGGIX
- 1D
- 0.02%
- 1M
- 5.40%
- YTD
- 4.36%
- 6M
- -6.82%
- 1Y
- -5.39%
- 3Y*
- 13.13%
- 5Y*
- 4.09%
- 10Y*
- 14.21%
IWFQ.L vs. MGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 4.36% | -5.39% | 29.73% | 42.22% | -34.62% | 1.17% | 50.92% | 30.29% | -0.06% | 36.52% |
Correlation
The correlation between IWFQ.L and MGGIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.55 |
The correlation between IWFQ.L and MGGIX has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
IWFQ.L vs. MGGIX — Risk / Return Rank
IWFQ.L
MGGIX
IWFQ.L vs. MGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWFQ.L) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). 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.L | MGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.97 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | -0.20 | +3.34 |
| Martin ratioReturn relative to average drawdown | 13.27 | -0.41 | +13.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWFQ.L | MGGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | -0.26 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.17 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.64 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.66 | +0.22 |
Drawdowns
IWFQ.L vs. MGGIX - Drawdown Comparison
The maximum IWFQ.L drawdown since its inception was -23.91%, smaller than the maximum MGGIX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and MGGIX.
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Drawdown Indicators
| IWFQ.L | MGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -45.58% | +21.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -27.56% | +20.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.96% | -27.56% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | -44.68% | +26.72% |
Max Drawdown (10Y)Largest decline over 10 years | -23.91% | -44.68% | +20.77% |
Current DrawdownCurrent decline from peak | 0.00% | -12.41% | +12.41% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -8.77% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 13.10% | -11.43% |
Volatility
IWFQ.L vs. MGGIX - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.56%, while Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a volatility of 5.59%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than MGGIX 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 | MGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 5.59% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 17.98% | -10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.75% | 20.53% | -10.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 24.38% | -11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.35% | 22.38% | -8.03% |
IWFQ.L vs. MGGIX - Expense Ratio Comparison
IWFQ.L has a 0.30% expense ratio, which is lower than MGGIX's 0.95% expense ratio.
Dividends
IWFQ.L vs. MGGIX - Dividend Comparison
Neither IWFQ.L nor MGGIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% |
Frequently Asked Questions
IWFQ.L and MGGIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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