IWFQ.L vs. VAGU.L
IWFQ.L (iShares MSCI World Quality Factor UCITS) and VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) are both exchange-traded funds - IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, IWFQ.L returned 11.45%/yr vs 1.13%/yr for VAGU.L. At a 0.16 correlation, their price movements are largely independent. IWFQ.L charges 0.30%/yr vs 0.10%/yr for VAGU.L.
Performance
IWFQ.L vs. VAGU.L - Performance Comparison
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Different Trading Currencies
IWFQ.L is traded in GBp, while VAGU.L is traded in USD. To make them comparable, the VAGU.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 10.01% return, which is significantly higher than VAGU.L's 1.19% return.
IWFQ.L
- 1D
- 0.83%
- 1M
- 2.54%
- YTD
- 10.01%
- 6M
- 10.21%
- 1Y
- 24.00%
- 3Y*
- 15.63%
- 5Y*
- 11.45%
- 10Y*
- 13.52%
VAGU.L
- 1D
- 0.19%
- 1M
- 0.62%
- YTD
- 1.19%
- 6M
- 0.99%
- 1Y
- 4.97%
- 3Y*
- 2.73%
- 5Y*
- 1.13%
- 10Y*
- —
IWFQ.L vs. VAGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWFQ.L iShares MSCI World Quality Factor UCITS | 10.01% | 7.40% | 18.93% | 19.15% | -9.55% | 25.17% | 10.93% | 6.33% |
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating | 1.19% | -2.53% | 4.52% | 1.56% | -2.22% | -1.07% | 2.79% | -2.47% |
Correlation
The correlation between IWFQ.L and VAGU.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.16 |
The correlation between IWFQ.L and VAGU.L shifts across timeframes, from 0.15 (5 years) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWFQ.L vs. VAGU.L — Risk / Return Rank
IWFQ.L
VAGU.L
IWFQ.L vs. VAGU.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 Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.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 | VAGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.14 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 0.89 | +2.52 |
| Martin ratioReturn relative to average drawdown | 14.51 | 2.08 | +12.43 |
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Drawdowns
IWFQ.L vs. VAGU.L - Drawdown Comparison
The maximum IWFQ.L drawdown since its inception was -40.49%, which is greater than VAGU.L's maximum drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and VAGU.L.
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Drawdown Indicators
| IWFQ.L | VAGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -17.30% | -23.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -5.56% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -9.05% | -11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -15.69% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -23.91% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.37% | +8.37% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -9.61% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.38% | -0.73% |
Volatility
IWFQ.L vs. VAGU.L - Volatility Comparison
iShares MSCI World Quality Factor UCITS (IWFQ.L) has a higher volatility of 2.63% compared to Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) at 1.43%. This indicates that IWFQ.L's price experiences larger fluctuations and is considered to be riskier than VAGU.L 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 | VAGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 1.43% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 4.89% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 6.36% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 8.82% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 8.99% | +8.35% |
IWFQ.L vs. VAGU.L - Expense Ratio Comparison
IWFQ.L has a 0.30% expense ratio, which is higher than VAGU.L's 0.10% expense ratio.
Dividends
IWFQ.L vs. VAGU.L - Dividend Comparison
Neither IWFQ.L nor VAGU.L has paid dividends to shareholders.
Frequently Asked Questions
IWFQ.L and VAGU.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGU.L is cheaper with a 0.10% expense ratio, compared with 0.30% for IWFQ.L.
IWFQ.L is categorized as Global Equities, while VAGU.L is Global Bonds. IWFQ.L tracks MSCI ACWI NR USD, while VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for IWFQ.L and 0.10% for VAGU.L.
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