IWQU.L vs. AVWS.DE
IWQU.L (iShares MSCI World Quality Factor UCITS) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) are both exchange-traded funds - IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IWQU.L is passively managed, while AVWS.DE is actively managed. Over the past year, IWQU.L returned 21.34% vs 39.70% for AVWS.DE. A 0.68 correlation means they provide meaningful diversification when combined. IWQU.L charges 0.30%/yr vs 0.39%/yr for AVWS.DE.
Performance
IWQU.L vs. AVWS.DE - Performance Comparison
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Different Trading Currencies
IWQU.L is traded in USD, while AVWS.DE is traded in EUR. To make them comparable, the AVWS.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWQU.L achieves a 8.72% return, which is significantly lower than AVWS.DE's 19.75% return.
IWQU.L
- 1D
- 1.73%
- 1M
- 1.38%
- YTD
- 8.72%
- 6M
- 9.99%
- 1Y
- 21.34%
- 3Y*
- 17.83%
- 5Y*
- 10.27%
- 10Y*
- 12.75%
AVWS.DE
- 1D
- 2.11%
- 1M
- 3.53%
- YTD
- 19.75%
- 6M
- 18.67%
- 1Y
- 39.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWQU.L vs. AVWS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWQU.L iShares MSCI World Quality Factor UCITS | 8.72% | 15.28% | -1.56% |
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR | 19.75% | 21.77% | -0.17% |
Correlation
The correlation between IWQU.L and AVWS.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.68 |
The correlation between IWQU.L and AVWS.DE has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
IWQU.L vs. AVWS.DE — Risk / Return Rank
IWQU.L
AVWS.DE
IWQU.L vs. AVWS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWQU.L) and Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE). 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.
| IWQU.L | AVWS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 4.90 | -2.51 |
| Martin ratioReturn relative to average drawdown | 9.90 | 16.86 | -6.96 |
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Drawdowns
IWQU.L vs. AVWS.DE - Drawdown Comparison
The maximum IWQU.L drawdown since its inception was -33.05%, which is greater than AVWS.DE's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for IWQU.L and AVWS.DE.
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Drawdown Indicators
| IWQU.L | AVWS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.05% | -21.99% | -11.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -8.06% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -3.19% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.34% | -0.28% |
Volatility
IWQU.L vs. AVWS.DE - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWQU.L) is 3.28%, while Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) has a volatility of 4.27%. This indicates that IWQU.L experiences smaller price fluctuations and is considered to be less risky than AVWS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWQU.L | AVWS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.27% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 10.65% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 15.49% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 18.14% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 18.14% | -2.38% |
IWQU.L vs. AVWS.DE - Expense Ratio Comparison
IWQU.L has a 0.30% expense ratio, which is lower than AVWS.DE's 0.39% expense ratio.
Dividends
IWQU.L vs. AVWS.DE - Dividend Comparison
Neither IWQU.L nor AVWS.DE has paid dividends to shareholders.
Frequently Asked Questions
IWQU.L and AVWS.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWQU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWQU.L is cheaper with a 0.30% expense ratio, compared with 0.39% for AVWS.DE.
IWQU.L is categorized as Global Equities, while AVWS.DE is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.30% for IWQU.L and 0.39% for AVWS.DE.
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