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IWRD.L vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWRD.L vs. QQQ

Last updated Jun 5, 2026

IWRD.L (iShares MSCI World UCITS) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IWRD.L returned 13.59%/yr vs 22.80%/yr for QQQ. A 0.55 correlation means they provide meaningful diversification when combined. IWRD.L charges 0.50%/yr vs 0.18%/yr for QQQ.

Performance

IWRD.L vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World UCITS (IWRD.L) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWRD.L is traded in GBp, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWRD.L achieves a 9.97% return, which is significantly lower than QQQ's 21.75% return. Over the past 10 years, IWRD.L has underperformed QQQ with an annualized return of 13.59%, while QQQ has yielded a comparatively higher 22.80% annualized return.

IWRD.L

1D
0.10%
1M
5.04%
YTD
9.97%
6M
10.17%
1Y
26.86%
3Y*
17.32%
5Y*
12.72%
10Y*
13.59%

QQQ

1D
0.00%
1M
10.15%
YTD
21.75%
6M
18.90%
1Y
42.75%
3Y*
25.50%
5Y*
19.24%
10Y*
22.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.L vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWRD.L
iShares MSCI World UCITS		9.97%12.34%20.62%17.33%-8.62%23.21%11.80%22.77%-4.02%11.65%
QQQ
Invesco QQQ ETF		21.20%12.17%27.77%47.12%-24.56%28.63%44.26%33.67%5.80%21.19%

Correlation

The correlation between IWRD.L and QQQ is 0.64, 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

0.64

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

0.56

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

0.54

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

0.55

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2007

0.55

The correlation between IWRD.L and QQQ has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.

IWRD.L vs. QQQ - Sectors Allocation Comparison

Sectors
IWRD.L
QQQ

Technology

30.0%
53.8%

Financial Services

15.4%
0.2%

Industrials

10.8%
2.8%

Communication Services

9.2%
15.8%

Consumer Cyclical

9.0%
12.3%

Healthcare

8.7%
4.2%

Consumer Defensive

5.3%
7.7%

Energy

4.2%
0.6%

Basic Materials

3.2%
1.1%

Utilities

2.5%
1.4%

Real Estate

1.8%
0.1%

Technology

IWRD.L
30.0%
QQQ
53.8%

Financial Services

IWRD.L
15.4%
QQQ
0.2%

Industrials

IWRD.L
10.8%
QQQ
2.8%

Communication Services

IWRD.L
9.2%
QQQ
15.8%

Consumer Cyclical

IWRD.L
9.0%
QQQ
12.3%

Healthcare

IWRD.L
8.7%
QQQ
4.2%

Consumer Defensive

IWRD.L
5.3%
QQQ
7.7%

Energy

IWRD.L
4.2%
QQQ
0.6%

Basic Materials

IWRD.L
3.2%
QQQ
1.1%

Utilities

IWRD.L
2.5%
QQQ
1.4%

Real Estate

IWRD.L
1.8%
QQQ
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World UCITS

Invesco QQQ ETF

Often compared with IWRD.L:
IWRD.L vs. SWRD.ASIWRD.L vs. URTHIWRD.L vs. VWRL.LIWRD.L vs. HMWO.LIWRD.L vs. ACNIWRD.L vs. VTIWRD.L vs. DEM.L
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

IWRD.L vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWRD.L
IWRD.L Risk / Return Rank: 8181
Overall Rank
IWRD.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
IWRD.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
IWRD.L Omega Ratio Rank: 8383
Omega Ratio Rank
IWRD.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
IWRD.L Martin Ratio Rank: 8282
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7474
Overall Rank
QQQ Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7575
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
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.

IWRD.L vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and Invesco QQQ ETF (QQQ). 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.

IWRD.LQQQDifference
Sharpe ratioReturn per unit of total volatility
2.60
2.81

-0.21

Sortino ratioReturn per unit of downside risk
3.57
3.58

0.00

Omega ratioGain probability vs. loss probability

1.50

1.50

0.00

Calmar ratioReturn relative to maximum drawdown

4.07

3.61

+0.46

Martin ratioReturn relative to average drawdown

16.12

10.93

+5.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWRD.L vs. QQQ - Sharpe Ratio Comparison

The current IWRD.L Sharpe Ratio is 2.60, which is comparable to the QQQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of IWRD.L and QQQ, 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

IWRD.LQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

2.81

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

0.92

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

1.03

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.87

-0.31

Drawdowns

IWRD.L vs. QQQ - Drawdown Comparison

The maximum IWRD.L drawdown since its inception was -38.28%, which is greater than QQQ's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for IWRD.L and QQQ.

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Drawdown Indicators

IWRD.LQQQDifference

Max Drawdown

Largest peak-to-trough decline

-38.28%

-34.25%

-4.03%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-11.89%

+5.32%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-24.87%

+5.94%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-27.87%

+8.94%

Max Drawdown (10Y)

Largest decline over 10 years

-25.30%

-27.87%

+2.57%

Current Drawdown

Current decline from peak

-0.18%

0.00%

-0.18%

Average Drawdown

Average peak-to-trough decline

-4.92%

-5.47%

+0.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

3.92%

-2.26%

Volatility

IWRD.L vs. QQQ - Volatility Comparison

The current volatility for iShares MSCI World UCITS (IWRD.L) is 2.55%, while Invesco QQQ ETF (QQQ) has a volatility of 3.94%. This indicates that IWRD.L experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRD.LQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

3.94%

-1.39%

Volatility (6M)

Calculated over the trailing 6-month period

7.30%

10.96%

-3.66%

Volatility (1Y)

Calculated over the trailing 1-year period

10.28%

15.29%

-5.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

21.11%

-7.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.50%

22.22%

-7.72%

IWRD.L vs. QQQ - Expense Ratio Comparison

IWRD.L has a 0.50% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

IWRD.L vs. QQQ - Dividend Comparison

IWRD.L's dividend yield for the trailing twelve months is around 0.85%, more than QQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
IWRD.L
iShares MSCI World UCITS		0.85%0.93%1.06%1.31%1.44%1.03%1.21%1.66%1.81%1.64%1.61%1.78%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

IWRD.L and QQQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

QQQ is cheaper with a 0.18% expense ratio, compared with 0.50% for IWRD.L.

IWRD.L is categorized as Global Equities, while QQQ is Nasdaq-100. IWRD.L tracks MSCI ACWI NR USD, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for IWRD.L and 0.18% for QQQ.

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