IWFQ.L vs. MWRD.L

Last updated Jun 5, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and MWRD.L (Amundi Index MSCI World) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and Amundi respectively. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. IWFQ.L charges 0.30%/yr vs 0.08%/yr for MWRD.L.

Performance

IWFQ.L vs. MWRD.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 Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

MWRD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWFQ.L vs. MWRD.L - 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%	7.07%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.27%	17.50%	-9.18%	24.39%	11.85%	23.29%	-4.10%	6.52%

Correlation

The correlation between IWFQ.L and MWRD.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017	0.82

The correlation between IWFQ.L and MWRD.L shifts across timeframes, from 0.37 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.

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

Sectors	IWFQ.L	MWRD.L
Technology	32.2%	24.7%
Financial Services	14.1%	14.7%
Industrials	9.8%	10.6%
Healthcare	9.4%	12.4%
Communication Services	9.1%	7.5%
Consumer Cyclical	8.8%	10.5%
Consumer Defensive	5.1%	6.7%
Energy	4.2%	4.4%
Basic Materials	3.3%	3.8%
Utilities	2.5%	2.4%
Real Estate	1.7%	2.4%

Return for Risk

IWFQ.L vs. MWRD.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: 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

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. MWRD.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 Amundi Index MSCI World (MWRD.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.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.21	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.15	—	—
Martin ratio: Return relative to average drawdown	13.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWFQ.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
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	—	—

Drawdowns

Drawdown Indicators

	IWFQ.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.91%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.91%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-3.62%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	IWFQ.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	—	—

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

IWFQ.L has a 0.30% expense ratio, which is higher than MWRD.L's 0.08% expense ratio.

Dividends

IWFQ.L vs. MWRD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

IWFQ.L and MWRD.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWFQ.L or MWRD.L?

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWFQ.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.30% for IWFQ.L.

What is the main difference between IWFQ.L and MWRD.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for IWFQ.L and 0.08% for MWRD.L.