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

IWFQ.L vs. MVEW.L

Last updated Jun 5, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IWFQ.L returned 11.52%/yr vs 6.63%/yr for MVEW.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

IWFQ.L vs. MVEW.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWFQ.L is traded in GBp, while MVEW.L is traded in GBP. To make them comparable, the MVEW.L 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 MVEW.L's 0.37% 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%

MVEW.L

1D
0.20%
1M
2.18%
YTD
0.37%
6M
0.12%
1Y
3.76%
3Y*
6.64%
5Y*
6.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFQ.L vs. MVEW.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IWFQ.L
iShares MSCI World Quality Factor UCITS		8.70%7.40%18.93%19.15%-9.55%25.17%7.01%
MVEW.L
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)		0.37%3.73%12.44%4.00%-0.60%18.17%-1.61%

Correlation

The correlation between IWFQ.L and MVEW.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

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

0.61

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

0.71

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2020

0.73

Over the past year, the correlation between IWFQ.L and MVEW.L has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

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

Sectors
IWFQ.L
MVEW.L

Technology

32.2%
22.6%

Financial Services

14.1%
15.2%

Industrials

9.8%
8.2%

Healthcare

9.4%
14.9%

Communication Services

9.1%
10.5%

Consumer Cyclical

8.8%
5.4%

Consumer Defensive

5.1%
10.2%

Energy

4.2%
3.3%

Basic Materials

3.3%
1.5%

Utilities

2.5%
6.7%

Real Estate

1.7%
1.4%

Technology

IWFQ.L
32.2%
MVEW.L
22.6%

Financial Services

IWFQ.L
14.1%
MVEW.L
15.2%

Industrials

IWFQ.L
9.8%
MVEW.L
8.2%

Healthcare

IWFQ.L
9.4%
MVEW.L
14.9%

Communication Services

IWFQ.L
9.1%
MVEW.L
10.5%

Consumer Cyclical

IWFQ.L
8.8%
MVEW.L
5.4%

Consumer Defensive

IWFQ.L
5.1%
MVEW.L
10.2%

Energy

IWFQ.L
4.2%
MVEW.L
3.3%

Basic Materials

IWFQ.L
3.3%
MVEW.L
1.5%

Utilities

IWFQ.L
2.5%
MVEW.L
6.7%

Real Estate

IWFQ.L
1.7%
MVEW.L
1.4%

Compare stocks, funds, or ETFs

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iShares MSCI World Quality Factor UCITS

iShares Edge MSCI World Minimum Volatility ESG 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 MVEW.L:
MVEW.L vs. MINV.LMVEW.L vs. JEPIMVEW.L vs. FLXD.LMVEW.L vs. MVOL.LMVEW.L vs. TDGB.LMVEW.L vs. XDEQ.LMVEW.L vs. SPY

Return for Risk

IWFQ.L vs. MVEW.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
MVEW.L
MVEW.L Risk / Return Rank: 1515
Overall Rank
MVEW.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MVEW.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
MVEW.L Omega Ratio Rank: 1414
Omega Ratio Rank
MVEW.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
MVEW.L Martin Ratio Rank: 1616
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. MVEW.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.LMVEW.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
0.41

+1.86

Sortino ratioReturn per unit of downside risk
3.21
0.64

+2.56

Omega ratioGain probability vs. loss probability

1.43

1.07

+0.36

Calmar ratioReturn relative to maximum drawdown

3.15

0.56

+2.59

Martin ratioReturn relative to average drawdown

13.27

1.47

+11.80

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. MVEW.L - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.26, which is higher than the MVEW.L Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of IWFQ.L and MVEW.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.LMVEW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

0.41

+1.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.68

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.60

+0.29

Drawdowns

IWFQ.L vs. MVEW.L - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -23.91%, which is greater than MVEW.L's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and MVEW.L.

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Drawdown Indicators

IWFQ.LMVEW.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.91%

-10.07%

-13.84%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-5.85%

-1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-17.96%

-9.04%

-8.92%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-10.07%

-7.89%

Max Drawdown (10Y)

Largest decline over 10 years

-23.91%

—

—

Current Drawdown

Current decline from peak

0.00%

-3.02%

+3.02%

Average Drawdown

Average peak-to-trough decline

-3.62%

-2.57%

-1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

2.22%

-0.55%

Volatility

IWFQ.L vs. MVEW.L - Volatility Comparison

iShares MSCI World Quality Factor UCITS (IWFQ.L) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) have volatilities of 2.56% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWFQ.LMVEW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

2.63%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.09%

5.97%

+1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

9.75%

8.00%

+1.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.36%

9.78%

+3.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.35%

10.08%

+4.27%

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

Both IWFQ.L and MVEW.L have an expense ratio of 0.30%.

Dividends

IWFQ.L vs. MVEW.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IWFQ.L and MVEW.L have a correlation of 0.48, 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 MVEW.L have the same expense ratio: 0.30% per year.

Both ETFs track MSCI ACWI NR USD.

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