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IWQU.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWQU.L vs. MVOL.L

Last updated Jun 5, 2026

IWQU.L (iShares MSCI World Quality Factor UCITS) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWQU.L returned 12.42%/yr vs 7.05%/yr for MVOL.L. A 0.69 correlation means they provide meaningful diversification when combined. IWQU.L charges 0.30%/yr vs 0.35%/yr for MVOL.L.

Performance

IWQU.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWQU.L achieves a 8.47% return, which is significantly higher than MVOL.L's 0.67% return. Over the past 10 years, IWQU.L has outperformed MVOL.L with an annualized return of 12.42%, while MVOL.L has yielded a comparatively lower 7.05% annualized 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%

MVOL.L

1D
0.04%
1M
0.64%
YTD
0.67%
6M
1.51%
1Y
1.83%
3Y*
9.30%
5Y*
5.18%
10Y*
7.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IWQU.L
iShares MSCI World Quality Factor UCITS		8.47%15.28%17.38%25.66%-19.26%23.70%14.95%29.64%-7.53%23.57%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.67%11.02%11.08%7.28%-9.62%14.65%2.56%22.56%-2.40%17.41%

Correlation

The correlation between IWQU.L and MVOL.L is 0.51, 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

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (10Y)
Calculated over the trailing 10-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2014

0.69

The correlation between IWQU.L and MVOL.L shifts across timeframes, from 0.50 (3 years) to 0.74 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
IWQU.L
MVOL.L

Technology

31.6%
20.1%

Financial Services

13.9%
14.0%

Industrials

10.6%
9.2%

Healthcare

9.4%
13.8%

Consumer Cyclical

8.9%
5.6%

Communication Services

8.6%
12.1%

Consumer Defensive

5.1%
10.9%

Energy

4.2%
4.5%

Basic Materials

3.2%
1.1%

Utilities

2.5%
8.0%

Real Estate

1.7%
0.7%

Technology

IWQU.L
31.6%
MVOL.L
20.1%

Financial Services

IWQU.L
13.9%
MVOL.L
14.0%

Industrials

IWQU.L
10.6%
MVOL.L
9.2%

Healthcare

IWQU.L
9.4%
MVOL.L
13.8%

Consumer Cyclical

IWQU.L
8.9%
MVOL.L
5.6%

Communication Services

IWQU.L
8.6%
MVOL.L
12.1%

Consumer Defensive

IWQU.L
5.1%
MVOL.L
10.9%

Energy

IWQU.L
4.2%
MVOL.L
4.5%

Basic Materials

IWQU.L
3.2%
MVOL.L
1.1%

Utilities

IWQU.L
2.5%
MVOL.L
8.0%

Real Estate

IWQU.L
1.7%
MVOL.L
0.7%

Compare stocks, funds, or ETFs

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iShares MSCI World Quality Factor UCITS

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with IWQU.L:
IWQU.L vs. XDEQ.LIWQU.L vs. IWDA.ASIWQU.L vs. VOOIWQU.L vs. IWVL.LIWQU.L vs. IWMO.MIIWQU.L vs. VTIWQU.L vs. IWVG.L
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

IWQU.L vs. MVOL.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: 5656
Overall Rank
IWQU.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IWQU.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
IWQU.L Omega Ratio Rank: 5555
Omega Ratio Rank
IWQU.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
IWQU.L Martin Ratio Rank: 5858
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
Martin Ratio Rank
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. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
1.83
0.19

+1.64

Sortino ratioReturn per unit of downside risk
2.83
0.31

+2.52

Omega ratioGain probability vs. loss probability

1.33

1.04

+0.30

Calmar ratioReturn relative to maximum drawdown

2.45

0.25

+2.20

Martin ratioReturn relative to average drawdown

10.14

0.61

+9.53

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. MVOL.L - Sharpe Ratio Comparison

The current IWQU.L Sharpe Ratio is 1.83, which is higher than the MVOL.L Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of IWQU.L and MVOL.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.

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Sharpe Ratios by Period

IWQU.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

0.19

+1.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.49

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.60

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.73

+0.06

Drawdowns

IWQU.L vs. MVOL.L - Drawdown Comparison

The maximum IWQU.L drawdown since its inception was -33.05%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for IWQU.L and MVOL.L.

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Drawdown Indicators

IWQU.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.05%

-28.82%

-4.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.53%

-5.78%

-2.75%

Max Drawdown (3Y)

Largest decline over 3 years

-16.09%

-8.14%

-7.95%

Max Drawdown (5Y)

Largest decline over 5 years

-27.70%

-18.52%

-9.18%

Max Drawdown (10Y)

Largest decline over 10 years

-33.05%

-28.82%

-4.23%

Current Drawdown

Current decline from peak

0.00%

-3.86%

+3.86%

Average Drawdown

Average peak-to-trough decline

-4.69%

-3.34%

-1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

2.36%

-0.29%

Volatility

IWQU.L vs. MVOL.L - Volatility Comparison

iShares MSCI World Quality Factor UCITS (IWQU.L) has a higher volatility of 3.18% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.01%. This indicates that IWQU.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWQU.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.18%

2.01%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

5.58%

+3.33%

Volatility (1Y)

Calculated over the trailing 1-year period

11.45%

7.74%

+3.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.42%

10.64%

+4.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.81%

11.65%

+4.16%

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

IWQU.L has a 0.30% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

IWQU.L vs. MVOL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IWQU.L and MVOL.L have a correlation of 0.51, 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 0.35% for MVOL.L.

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.30% for IWQU.L and 0.35% for MVOL.L.

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