IWVL.L vs. IUQA.L

Last updated Jun 21, 2026

IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, IWVL.L returned 17.14%/yr vs 12.05%/yr for IUQA.L. A 0.73 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.20%/yr for IUQA.L.

Performance

IWVL.L vs. IUQA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWVL.L achieves a 33.55% return, which is significantly higher than IUQA.L's 8.28% return.

IWVL.L

• 1D: -0.10%
• 1M: 4.07%
• YTD: 33.55%
• 6M: 34.67%
• 1Y: 65.18%
• 3Y*: 28.64%
• 5Y*: 17.14%
• 10Y*: 12.93%

IUQA.L

• 1D: -0.05%
• 1M: 2.13%
• YTD: 8.28%
• 6M: 8.86%
• 1Y: 23.59%
• 3Y*: 18.66%
• 5Y*: 12.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWVL.L vs. IUQA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	33.55%	40.42%	5.13%	19.53%	-9.79%	20.11%	-3.67%	18.13%	-14.03%	22.60%
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating	8.28%	12.46%	22.48%	30.95%	-20.74%	27.56%	16.09%	33.33%	-6.91%	50.23%

Correlation

The correlation between IWVL.L and IUQA.L is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016	0.73

The correlation between IWVL.L and IUQA.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

IWVL.L vs. IUQA.L - Sectors Allocation Comparison

Sectors	IWVL.L	IUQA.L
Technology	33.2%	38.8%
Financial Services	14.3%	10.8%
Industrials	11.4%	7.2%
Consumer Cyclical	9.2%	9.3%
Communication Services	8.3%	11.8%
Healthcare	8.1%	8.7%
Consumer Defensive	4.8%	4.4%
Energy	3.8%	3.2%
Basic Materials	2.9%	1.9%
Utilities	2.4%	2.1%
Real Estate	1.7%	1.8%

Return for Risk

IWVL.L vs. IUQA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWVL.L

IWVL.L Risk / Return Rank: 96
IWVL.L Sharpe Ratio Rank: 96
IWVL.L Sortino Ratio Rank: 96
IWVL.L Omega Ratio Rank: 96
IWVL.L Calmar Ratio Rank: 95
IWVL.L Martin Ratio Rank: 95

IUQA.L

IUQA.L Risk / Return Rank: 69
IUQA.L Sharpe Ratio Rank: 68
IUQA.L Sortino Ratio Rank: 77
IUQA.L Omega Ratio Rank: 67
IUQA.L Calmar Ratio Rank: 64
IUQA.L Martin Ratio Rank: 73

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.

IWVL.L vs. IUQA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.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.

	IWVL.L	IUQA.L	Difference
Sharpe ratio: Return per unit of total volatility	4.06	2.10	+1.96
Sortino ratio: Return per unit of downside risk	5.62	3.25	+2.37
Omega ratio: Gain probability vs. loss probability	1.73	1.38	+0.35
Calmar ratio: Return relative to maximum drawdown	7.52	3.02	+4.49
Martin ratio: Return relative to average drawdown	27.49	13.05	+14.43

IWVL.L vs. IUQA.L - Sharpe Ratio Comparison

The current IWVL.L Sharpe Ratio is 4.06, which is higher than the IUQA.L Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of IWVL.L and IUQA.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.

Drawdowns

IWVL.L vs. IUQA.L - Drawdown Comparison

The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than IUQA.L's maximum drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for IWVL.L and IUQA.L.

Drawdown Indicators

	IWVL.L	IUQA.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.30%	-33.96%	-5.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-7.96%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-18.03%	+3.57%
Max Drawdown (5Y) Largest decline over 5 years	-26.55%	-27.77%	+1.22%
Max Drawdown (10Y) Largest decline over 10 years	-39.30%	—	—
Current Drawdown Current decline from peak	-1.45%	-1.57%	+0.12%
Average Drawdown Average peak-to-trough decline	-7.46%	-5.52%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.85%	+0.54%

Volatility

IWVL.L vs. IUQA.L - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.20% compared to iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) at 3.47%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than IUQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWVL.L	IUQA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	3.47%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	8.70%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.23%	11.55%	+4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	16.33%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	30.85%	-13.85%

IWVL.L vs. IUQA.L - Expense Ratio Comparison

IWVL.L has a 0.25% expense ratio, which is higher than IUQA.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWVL.L vs. IUQA.L - Dividend Comparison

Neither IWVL.L nor IUQA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IWVL.L and IUQA.L in my portfolio?

IWVL.L and IUQA.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWVL.L or IUQA.L?

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

Which ETF is cheaper, IWVL.L or IUQA.L?

IUQA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IWVL.L.

What is the main difference between IWVL.L and IUQA.L?

IWVL.L is categorized as Global Equities, while IUQA.L is Large Cap Blend Equities. IWVL.L tracks MSCI World Enhanced Value Index, while IUQA.L tracks MSCI USA Sector Neutral Quality Index. Their fees differ too: 0.25% for IWVL.L and 0.20% for IUQA.L.