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

IWQU.L vs. SWDA.L

Last updated Jun 5, 2026

IWQU.L (iShares MSCI World Quality Factor UCITS) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IWQU.L tracks the MSCI ACWI NR USD while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IWQU.L returned 12.42%/yr vs 13.08%/yr for SWDA.L. A 0.80 correlation means they provide meaningful diversification when combined. IWQU.L charges 0.30%/yr vs 0.20%/yr for SWDA.L.

Performance

IWQU.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWQU.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.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 SWDA.L's 9.82% return. Over the past 10 years, IWQU.L has underperformed SWDA.L with an annualized return of 12.42%, while SWDA.L has yielded a comparatively higher 13.08% 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%

SWDA.L

1D
0.20%
1M
2.47%
YTD
9.82%
6M
10.69%
1Y
25.80%
3Y*
20.71%
5Y*
11.87%
10Y*
13.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWQU.L vs. SWDA.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%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.82%21.14%19.09%23.79%-18.13%22.52%15.68%27.97%-9.23%22.42%

Correlation

The correlation between IWQU.L and SWDA.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

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

0.85

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

0.88

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

0.86

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

0.80

The correlation between IWQU.L and SWDA.L shifts across timeframes, from 0.80 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.

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

Sectors
IWQU.L
SWDA.L

Technology

31.6%
30.0%

Financial Services

13.9%
15.4%

Industrials

10.6%
10.9%

Healthcare

9.4%
8.7%

Consumer Cyclical

8.9%
9.0%

Communication Services

8.6%
9.2%

Consumer Defensive

5.1%
5.2%

Energy

4.2%
4.2%

Basic Materials

3.2%
3.2%

Utilities

2.5%
2.5%

Real Estate

1.7%
1.8%

Technology

IWQU.L
31.6%
SWDA.L
30.0%

Financial Services

IWQU.L
13.9%
SWDA.L
15.4%

Industrials

IWQU.L
10.6%
SWDA.L
10.9%

Healthcare

IWQU.L
9.4%
SWDA.L
8.7%

Consumer Cyclical

IWQU.L
8.9%
SWDA.L
9.0%

Communication Services

IWQU.L
8.6%
SWDA.L
9.2%

Consumer Defensive

IWQU.L
5.1%
SWDA.L
5.2%

Energy

IWQU.L
4.2%
SWDA.L
4.2%

Basic Materials

IWQU.L
3.2%
SWDA.L
3.2%

Utilities

IWQU.L
2.5%
SWDA.L
2.5%

Real Estate

IWQU.L
1.7%
SWDA.L
1.8%

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iShares MSCI World Quality Factor UCITS

iShares Core MSCI World UCITS ETF USD (Acc)

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 SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

IWQU.L vs. SWDA.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
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.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.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.27

-0.44

Sortino ratioReturn per unit of downside risk
2.83
3.37

-0.54

Omega ratioGain probability vs. loss probability

1.33

1.41

-0.08

Calmar ratioReturn relative to maximum drawdown

2.45

3.02

-0.57

Martin ratioReturn relative to average drawdown

10.14

13.29

-3.15

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. SWDA.L - Sharpe Ratio Comparison

The current IWQU.L Sharpe Ratio is 1.83, which is comparable to the SWDA.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IWQU.L and SWDA.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.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

2.27

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.78

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.83

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.73

+0.06

Drawdowns

IWQU.L vs. SWDA.L - Drawdown Comparison

The maximum IWQU.L drawdown since its inception was -33.05%, roughly equal to the maximum SWDA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IWQU.L and SWDA.L.

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Drawdown Indicators

IWQU.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.05%

-33.62%

+0.57%

Max Drawdown (1Y)

Largest decline over 1 year

-8.53%

-8.59%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-16.09%

-17.07%

+0.98%

Max Drawdown (5Y)

Largest decline over 5 years

-27.70%

-26.50%

-1.20%

Max Drawdown (10Y)

Largest decline over 10 years

-33.05%

-33.62%

+0.57%

Current Drawdown

Current decline from peak

0.00%

-0.41%

+0.41%

Average Drawdown

Average peak-to-trough decline

-4.69%

-4.58%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

1.95%

+0.12%

Volatility

IWQU.L vs. SWDA.L - Volatility Comparison

iShares MSCI World Quality Factor UCITS (IWQU.L) has a higher volatility of 3.18% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.81%. This indicates that IWQU.L's price experiences larger fluctuations and is considered to be riskier than SWDA.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.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.18%

2.81%

+0.37%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

8.58%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

11.45%

11.41%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.42%

15.30%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.81%

15.73%

+0.08%

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

IWQU.L has a 0.30% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

IWQU.L vs. SWDA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.90, IWQU.L and SWDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for IWQU.L.

IWQU.L tracks MSCI ACWI NR USD, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.30% for IWQU.L and 0.20% for SWDA.L.

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