IWQU.L vs. ESIE.L

Last updated Jun 5, 2026

IWQU.L (iShares MSCI World Quality Factor UCITS) and ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while ESIE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, IWQU.L returned 10.34%/yr vs 18.59%/yr for ESIE.L. At a 0.28 correlation, their price movements are largely independent. IWQU.L charges 0.30%/yr vs 0.18%/yr for ESIE.L.

Performance

IWQU.L vs. ESIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Quality Factor UCITS (IWQU.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IWQU.L is traded in USD, while ESIE.L is traded in GBP. To make them comparable, the ESIE.L 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 8.47% return, which is significantly lower than ESIE.L's 33.90% return.

IWQU.L

• 1D: 0.85%
• 1M: 1.95%
• YTD: 8.47%
• 6M: 9.52%
• 1Y: 20.74%
• 3Y*: 18.41%
• 5Y*: 10.34%
• 10Y*: 12.42%

ESIE.L

• 1D: -0.95%
• 1M: 0.63%
• YTD: 33.90%
• 6M: 33.13%
• 1Y: 57.25%
• 3Y*: 20.85%
• 5Y*: 18.59%
• 10Y*: —

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

IWQU.L vs. ESIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IWQU.L iShares MSCI World Quality Factor UCITS	8.47%	15.28%	17.38%	25.66%	-19.26%	23.70%	5.22%
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	33.90%	29.20%	-11.21%	11.63%	29.52%	25.51%	4.01%

Correlation

The correlation between IWQU.L and ESIE.L is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.28

The correlation between IWQU.L and ESIE.L shifts across timeframes, from -0.08 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

IWQU.L vs. ESIE.L - Sectors Allocation Comparison

Sectors	IWQU.L	ESIE.L
Technology	31.6%	-
Financial Services	13.9%	-
Industrials	10.6%	-
Healthcare	9.4%	-
Consumer Cyclical	8.9%	-
Communication Services	8.6%	0.9%
Consumer Defensive	5.1%	-
Energy	4.2%	99.1%
Basic Materials	3.2%	-
Utilities	2.5%	-
Real Estate	1.7%	-

Return for Risk

IWQU.L vs. ESIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWQU.L

IWQU.L Risk / Return Rank: 56
IWQU.L Sharpe Ratio Rank: 54
IWQU.L Sortino Ratio Rank: 61
IWQU.L Omega Ratio Rank: 55
IWQU.L Calmar Ratio Rank: 50
IWQU.L Martin Ratio Rank: 58

ESIE.L

ESIE.L Risk / Return Rank: 78
ESIE.L Sharpe Ratio Rank: 81
ESIE.L Sortino Ratio Rank: 68
ESIE.L Omega Ratio Rank: 77
ESIE.L Calmar Ratio Rank: 87
ESIE.L Martin Ratio Rank: 78

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.

IWQU.L vs. ESIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWQU.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.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.

	IWQU.L	ESIE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.53	-0.70
Sortino ratio: Return per unit of downside risk	2.83	3.10	-0.27
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.08
Calmar ratio: Return relative to maximum drawdown	2.45	5.65	-3.20
Martin ratio: Return relative to average drawdown	10.14	18.59	-8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWQU.L vs. ESIE.L - Sharpe Ratio Comparison

The current IWQU.L Sharpe Ratio is 1.83, which is comparable to the ESIE.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IWQU.L and ESIE.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.

Sharpe Ratios by Period

	IWQU.L	ESIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.53	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.72	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.81	-0.02

Drawdowns

IWQU.L vs. ESIE.L - Drawdown Comparison

The maximum IWQU.L drawdown since its inception was -33.05%, which is greater than ESIE.L's maximum drawdown of -25.00%. Use the drawdown chart below to compare losses from any high point for IWQU.L and ESIE.L.

Drawdown Indicators

	IWQU.L	ESIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.05%	-25.00%	-8.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	-10.18%	+1.65%
Max Drawdown (3Y) Largest decline over 3 years	-16.09%	-25.00%	+8.91%
Max Drawdown (5Y) Largest decline over 5 years	-27.70%	-25.00%	-2.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.05%	—	—
Current Drawdown Current decline from peak	0.00%	-5.54%	+5.54%
Average Drawdown Average peak-to-trough decline	-4.69%	-7.12%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.10%	-1.03%

Volatility

IWQU.L vs. ESIE.L - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWQU.L) is 3.18%, while iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a volatility of 8.02%. This indicates that IWQU.L experiences smaller price fluctuations and is considered to be less risky than ESIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWQU.L	ESIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	8.02%	-4.84%
Volatility (6M) Calculated over the trailing 6-month period	8.91%	19.20%	-10.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	22.81%	-11.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	25.95%	-10.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	26.16%	-10.35%

IWQU.L vs. ESIE.L - Expense Ratio Comparison

IWQU.L has a 0.30% expense ratio, which is higher than ESIE.L's 0.18% expense ratio.

Dividends

IWQU.L vs. ESIE.L - Dividend Comparison

Neither IWQU.L nor ESIE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IWQU.L and ESIE.L in my portfolio?

IWQU.L and ESIE.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWQU.L or ESIE.L?

On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWQU.L or ESIE.L?

ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for IWQU.L.

What is the main difference between IWQU.L and ESIE.L?

IWQU.L is categorized as Global Equities, while ESIE.L is Energy Equities. IWQU.L tracks MSCI ACWI NR USD, while ESIE.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.30% for IWQU.L and 0.18% for ESIE.L.