IWFQ.L vs. MWMIX

Last updated Jun 5, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and MWMIX (VanEck Morningstar Wide Moat Fund) are both funds - IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD, while MWMIX is a Large Cap Blend Equities fund managed by VanEck. Over the past 5 years, IWFQ.L returned 11.52%/yr vs 7.99%/yr for MWMIX. A 0.52 correlation means they provide meaningful diversification when combined. IWFQ.L charges 0.30%/yr vs 0.59%/yr for MWMIX.

Performance

IWFQ.L vs. MWMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Quality Factor UCITS (IWFQ.L) and VanEck Morningstar Wide Moat Fund (MWMIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IWFQ.L is traded in GBp, while MWMIX is traded in USD. To make them comparable, the MWMIX 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 MWMIX's -0.64% return.

IWFQ.L

• 1D: 0.95%
• 1M: 4.62%
• YTD: 8.70%
• 6M: 9.17%
• 1Y: 22.15%
• 3Y*: 15.22%
• 5Y*: 11.52%
• 10Y*: 13.14%

MWMIX

• 1D: -1.05%
• 1M: 3.58%
• YTD: -0.64%
• 6M: -1.68%
• 1Y: 15.49%
• 3Y*: 6.59%
• 5Y*: 7.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFQ.L vs. MWMIX - 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%	-0.33%
MWMIX VanEck Morningstar Wide Moat Fund	-0.64%	5.10%	12.23%	18.94%	-3.17%	25.29%	10.79%	29.72%	4.35%	-1.46%

Correlation

The correlation between IWFQ.L and MWMIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 22, 2017	0.52

The correlation between IWFQ.L and MWMIX has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

IWFQ.L vs. MWMIX — 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: 70
IWFQ.L Sharpe Ratio Rank: 70
IWFQ.L Sortino Ratio Rank: 72
IWFQ.L Omega Ratio Rank: 73
IWFQ.L Calmar Ratio Rank: 64
IWFQ.L Martin Ratio Rank: 72

MWMIX

MWMIX Risk / Return Rank: 14
MWMIX Sharpe Ratio Rank: 15
MWMIX Sortino Ratio Rank: 16
MWMIX Omega Ratio Rank: 14
MWMIX Calmar Ratio Rank: 14
MWMIX Martin Ratio Rank: 13

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. MWMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWFQ.L) and VanEck Morningstar Wide Moat Fund (MWMIX). 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	MWMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.19	+1.08
Sortino ratio: Return per unit of downside risk	3.21	1.74	+1.47
Omega ratio: Gain probability vs. loss probability	1.43	1.20	+0.23
Calmar ratio: Return relative to maximum drawdown	3.15	1.35	+1.79
Martin ratio: Return relative to average drawdown	13.27	3.72	+9.55
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. MWMIX - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.26, which is higher than the MWMIX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of IWFQ.L and MWMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWFQ.L	MWMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.19	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.46	+0.40
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	0.58	+0.31

Drawdowns

IWFQ.L vs. MWMIX - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -23.91%, smaller than the maximum MWMIX drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and MWMIX.

Drawdown Indicators

	IWFQ.L	MWMIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.91%	-25.93%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-11.63%	+4.62%
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	-22.97%	+5.01%
Max Drawdown (5Y) Largest decline over 5 years	-17.96%	-22.97%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	-23.91%	—	—
Current Drawdown Current decline from peak	0.00%	-5.04%	+5.04%
Average Drawdown Average peak-to-trough decline	-3.62%	-4.23%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	4.22%	-2.55%

Volatility

IWFQ.L vs. MWMIX - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.56%, while VanEck Morningstar Wide Moat Fund (MWMIX) has a volatility of 3.50%. This indicates that IWFQ.L experiences smaller price fluctuations and is considered to be less risky than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWFQ.L	MWMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	3.50%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	9.49%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	13.31%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	17.45%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	19.91%	-5.56%

IWFQ.L vs. MWMIX - Expense Ratio Comparison

IWFQ.L has a 0.30% expense ratio, which is lower than MWMIX's 0.59% expense ratio.

Dividends

IWFQ.L vs. MWMIX - Dividend Comparison

IWFQ.L has not paid dividends to shareholders, while MWMIX's dividend yield for the trailing twelve months is around 12.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
MWMIX VanEck Morningstar Wide Moat Fund	12.60%	12.47%	10.34%	0.77%	11.44%	13.44%	8.22%	10.84%	9.48%	0.26%

Frequently Asked Questions

Can I hold both IWFQ.L and MWMIX in my portfolio?

IWFQ.L and MWMIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.