IWQU.L vs. VPAC.L
IWQU.L (iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - IWQU.L tracks the MSCI World Sector Neutral Quality Index while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, IWQU.L returned 10.15%/yr vs 3.51%/yr for VPAC.L. A 0.53 correlation means they provide meaningful diversification when combined. IWQU.L charges 0.25%/yr vs 0.50%/yr for VPAC.L.
Performance
IWQU.L vs. VPAC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWQU.L achieves a 10.59% return, which is significantly higher than VPAC.L's 2.04% return.
IWQU.L
- 1D
- 0.42%
- 1M
- 0.72%
- 6M
- 8.98%
- YTD
- 10.59%
- 1Y
- 21.00%
- 3Y*
- 16.94%
- 5Y*
- 10.15%
- 10Y*
- 12.43%
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
IWQU.L vs. VPAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWQU.L iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) | 10.59% | 15.28% | 17.17% | 25.90% | -19.26% | 23.70% | 14.95% | 29.64% | -3.50% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 4.81% | 17.14% | -1.27% |
Correlation
The correlation between IWQU.L and VPAC.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 | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2018 | 0.53 |
The correlation between IWQU.L and VPAC.L shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWQU.L vs. VPAC.L — Risk / Return Rank
IWQU.L
VPAC.L
IWQU.L vs. VPAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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.
| IWQU.L | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.54 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.10 | 9.98 | +0.11 |
Loading charts...
Drawdowns
IWQU.L vs. VPAC.L - Drawdown Comparison
The maximum IWQU.L drawdown since its inception was -33.05%, roughly equal to the maximum VPAC.L drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for IWQU.L and VPAC.L.
Loading charts...
Drawdown Indicators
| IWQU.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.05% | -34.25% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -2.02% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -3.40% | -12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -13.89% | -13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.33% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -3.14% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.52% | +1.55% |
Volatility
IWQU.L vs. VPAC.L - Volatility Comparison
iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L) has a higher volatility of 2.94% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that IWQU.L's price experiences larger fluctuations and is considered to be riskier than VPAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWQU.L | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 0.74% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 2.28% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 3.17% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 5.30% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 11.00% | +4.63% |
IWQU.L vs. VPAC.L - Expense Ratio Comparison
IWQU.L has a 0.25% expense ratio, which is lower than VPAC.L's 0.50% expense ratio.
Dividends
IWQU.L vs. VPAC.L - Dividend Comparison
Neither IWQU.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
IWQU.L and VPAC.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 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWQU.L is cheaper with a 0.25% expense ratio, compared with 0.50% for VPAC.L.
IWQU.L tracks MSCI World Sector Neutral Quality Index, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IWQU.L and 0.50% for VPAC.L.
Find the right allocation for IWQU.L and VPAC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer