IWQU.L vs. WRDA.L
IWQU.L (iShares MSCI World Quality Factor UCITS) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - IWQU.L tracks the MSCI ACWI NR USD while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, IWQU.L returned 20.74% vs 25.97% for WRDA.L. Their correlation of 0.86 suggests significant overlap in exposure. IWQU.L charges 0.30%/yr vs 0.06%/yr for WRDA.L.
Performance
IWQU.L vs. WRDA.L - Performance Comparison
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Different Trading Currencies
IWQU.L is traded in USD, while WRDA.L is traded in GBp. To make them comparable, the WRDA.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 WRDA.L's 9.90% 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%
WRDA.L
- 1D
- 0.12%
- 1M
- 2.55%
- YTD
- 9.90%
- 6M
- 10.70%
- 1Y
- 25.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWQU.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWQU.L iShares MSCI World Quality Factor UCITS | 8.47% | 15.28% | 14.63% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 9.90% | 21.28% | 17.83% |
Correlation
The correlation between IWQU.L and WRDA.L is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.86 |
The correlation between IWQU.L and WRDA.L has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
IWQU.L vs. WRDA.L — Risk / Return Rank
IWQU.L
WRDA.L
IWQU.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 3.03 | -0.58 |
| Martin ratioReturn relative to average drawdown | 10.14 | 13.35 | -3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWQU.L | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.33 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
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 | 1.60 | -0.81 |
Drawdowns
IWQU.L vs. WRDA.L - Drawdown Comparison
The maximum IWQU.L drawdown since its inception was -33.05%, which is greater than WRDA.L's maximum drawdown of -16.63%. Use the drawdown chart below to compare losses from any high point for IWQU.L and WRDA.L.
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Drawdown Indicators
| IWQU.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.05% | -16.63% | -16.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -8.60% | +0.07% |
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% | -0.43% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -1.67% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.96% | +0.11% |
Volatility
IWQU.L vs. WRDA.L - Volatility Comparison
iShares MSCI World Quality Factor UCITS (IWQU.L) has a higher volatility of 3.18% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.69%. This indicates that IWQU.L's price experiences larger fluctuations and is considered to be riskier than WRDA.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.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 2.69% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 8.39% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 11.21% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 13.29% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 13.29% | +2.52% |
IWQU.L vs. WRDA.L - Expense Ratio Comparison
IWQU.L has a 0.30% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
IWQU.L vs. WRDA.L - Dividend Comparison
Neither IWQU.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
IWQU.L and WRDA.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.30% for IWQU.L.
IWQU.L tracks MSCI ACWI NR USD, while WRDA.L tracks MSCI World Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.30% for IWQU.L and 0.06% for WRDA.L.
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