IWFQ.L vs. QUID.L

Last updated Jul 16, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both Global Equities funds - IWFQ.L tracks the MSCI ACWI NR USD while QUID.L tracks the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 10 years, IWFQ.L returned 12.21%/yr vs 2.00%/yr for QUID.L. At a 0.01 correlation, their price movements are largely independent.

Performance

IWFQ.L vs. QUID.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 PIMCO Sterling Short Maturity UCITS ETF (QUID.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IWFQ.L is traded in GBp, while QUID.L is traded in GBP. To make them comparable, the QUID.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 10.34% return, which is significantly higher than QUID.L's 2.18% return. Over the past 10 years, IWFQ.L has outperformed QUID.L with an annualized return of 12.21%, while QUID.L has yielded a comparatively lower 2.00% annualized return.

IWFQ.L

• 1D: -0.35%
• 1M: 0.31%
• 6M: 8.68%
• YTD: 10.34%
• 1Y: 20.01%
• 3Y*: 15.88%
• 5Y*: 10.66%
• 10Y*: 12.21%

QUID.L

• 1D: 0.10%
• 1M: 0.36%
• 6M: 1.97%
• YTD: 2.18%
• 1Y: 4.36%
• 3Y*: 5.10%
• 5Y*: 3.28%
• 10Y*: 2.00%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWFQ.L iShares MSCI World Quality Factor UCITS	10.34%	7.40%	18.93%	19.15%	-9.55%	25.17%	10.93%	25.86%	-2.34%	12.47%
QUID.L PIMCO Sterling Short Maturity UCITS ETF	2.18%	4.89%	5.67%	4.95%	-0.96%	-0.07%	0.71%	1.57%	0.26%	0.52%

Correlation

The correlation between IWFQ.L and QUID.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014	0.01

The correlation between IWFQ.L and QUID.L shifts across timeframes, from 0.01 (all time) to 0.11 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

IWFQ.L vs. QUID.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: 78
IWFQ.L Sharpe Ratio Rank: 79
IWFQ.L Sortino Ratio Rank: 81
IWFQ.L Omega Ratio Rank: 80
IWFQ.L Calmar Ratio Rank: 70
IWFQ.L Martin Ratio Rank: 80

QUID.L

QUID.L Risk / Return Rank: 99
QUID.L Sharpe Ratio Rank: 99
QUID.L Sortino Ratio Rank: 99
QUID.L Omega Ratio Rank: 99
QUID.L Calmar Ratio Rank: 98
QUID.L Martin Ratio Rank: 99

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. QUID.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 PIMCO Sterling Short Maturity UCITS ETF (QUID.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IWFQ.L	QUID.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	6.00	-3.99
Sortino ratio: Return per unit of downside risk	2.87	10.83	-7.96
Omega ratio: Gain probability vs. loss probability	1.37	2.80	-1.42
Calmar ratio: Return relative to maximum drawdown	2.84	9.83	-6.99
Martin ratio: Return relative to average drawdown	12.06	78.74	-66.68

IWFQ.L vs. QUID.L - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.01, which is lower than the QUID.L Sharpe Ratio of 6.00. The chart below compares the historical Sharpe Ratios of IWFQ.L and QUID.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.

Drawdowns

IWFQ.L vs. QUID.L - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -40.49%, which is greater than QUID.L's maximum drawdown of -2.47%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and QUID.L.

Drawdown Indicators

	IWFQ.L	QUID.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.49%	-2.47%	-38.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-0.45%	-6.56%
Max Drawdown (3Y) Largest decline over 3 years	-20.20%	-0.45%	-19.75%
Max Drawdown (5Y) Largest decline over 5 years	-20.20%	-2.47%	-17.73%
Max Drawdown (10Y) Largest decline over 10 years	-23.91%	-2.47%	-21.44%
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-8.92%	-0.21%	-8.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	0.06%	+1.60%

Volatility

IWFQ.L vs. QUID.L - Volatility Comparison

iShares MSCI World Quality Factor UCITS (IWFQ.L) has a higher volatility of 2.57% compared to PIMCO Sterling Short Maturity UCITS ETF (QUID.L) at 0.19%. This indicates that IWFQ.L's price experiences larger fluctuations and is considered to be riskier than QUID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWFQ.L	QUID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	0.19%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	7.40%	0.64%	+6.76%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	0.74%	+9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	0.74%	+18.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	0.62%	+16.64%

Dividends

IWFQ.L vs. QUID.L - Dividend Comparison

IWFQ.L has not paid dividends to shareholders, while QUID.L's dividend yield for the trailing twelve months is around 4.17%.

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%
QUID.L PIMCO Sterling Short Maturity UCITS ETF	4.17%	4.19%	4.67%	3.69%	0.66%	0.08%	0.31%	0.73%	0.52%	0.33%	0.59%	0.55%

Frequently Asked Questions

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

IWFQ.L and QUID.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IWFQ.L tracks MSCI ACWI NR USD, while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF. They also come from different issuers: iShares and PIMCO.