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IXP vs. QWLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXP vs. QWLD

Last updated Aug 4, 2026
Documentation

IXP (iShares Global Comm Services ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds - IXP tracks the S&P Global 1200 Communication Services 4.5/22.5/45 Capped while QWLD tracks the MSCI World Factor Mix A-Series (USD). Both are passively managed. Over the past 10 years, IXP returned 8.78%/yr vs 11.64%/yr for QWLD. Their 0.64 correlation means they have sometimes moved together and sometimes differently. IXP charges 0.43%/yr vs 0.30%/yr for QWLD.

Performance

IXP vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Comm Services ETF (IXP) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXP achieves a -1.64% return, which is significantly lower than QWLD's 10.03% return. Over the past 10 years, IXP has underperformed QWLD with an annualized return of 8.78%, while QWLD has yielded a comparatively higher 11.64% annualized return.

IXP

1D
2.99%
1M
3.30%
6M
-5.05%
YTD
-1.64%
1Y
9.01%
3Y*
21.46%
5Y*
8.32%
10Y*
8.78%
ALL TIME*
6.65%

QWLD

1D
0.58%
1M
2.22%
6M
5.89%
YTD
10.03%
1Y
19.80%
3Y*
16.43%
5Y*
10.04%
10Y*
11.64%
ALL TIME*
10.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IXP

iShares Global Comm Services ETF
$6.29M$4.27M$3.74M

QWLD

SPDR MSCI World StrategicFactors ETF
$247.86K$289.30K$1.06M

IXP vs. QWLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXP
iShares Global Comm Services ETF		-1.64%29.27%31.33%38.80%-33.40%12.77%22.16%25.23%-13.67%6.65%
QWLD
SPDR MSCI World StrategicFactors ETF		10.03%17.93%14.44%19.59%-13.30%21.57%10.24%27.59%-7.02%22.44%

Correlation

The correlation between IXP and QWLD is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.65

Correlation (3Y)
Balances recent behavior with more history.

0.70

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.76

Correlation (10Y)
Provides a long-term view across more market conditions.

0.69

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2014

0.64

The correlation between IXP and QWLD shifts across timeframes, from 0.64 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.

IXP vs. QWLD - Sectors Allocation Comparison

Sectors
IXP
QWLD

Communication Services

99.4%
9.5%

Technology

2.0%
24.9%

Real Estate

0.5%
1.0%

Consumer Cyclical

0.2%
6.3%

Basic Materials

-

2.5%

Consumer Defensive

-

8.1%

Energy

-

3.4%

Financial Services

-

16.5%

Healthcare

-

13.2%

Industrials

-

10.9%

Utilities

-

3.8%

Communication Services

IXP
99.4%
QWLD
9.5%

Technology

IXP
2.0%
QWLD
24.9%

Real Estate

IXP
0.5%
QWLD
1.0%

Consumer Cyclical

IXP
0.2%
QWLD
6.3%

Basic Materials

IXP

-

QWLD
2.5%

Consumer Defensive

IXP

-

QWLD
8.1%

Energy

IXP

-

QWLD
3.4%

Financial Services

IXP

-

QWLD
16.5%

Healthcare

IXP

-

QWLD
13.2%

Industrials

IXP

-

QWLD
10.9%

Utilities

IXP

-

QWLD
3.8%

Compare stocks, funds, or ETFs

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

iShares Global Comm Services ETF

SPDR MSCI World StrategicFactors ETF

Often compared with IXP:
IXP vs. XLCIXP vs. FCOMIXP vs. IYZIXP vs. VOOIXP vs. QQQIXP vs. RSPNIXP vs. IYW
Often compared with QWLD:
QWLD vs. URTHQWLD vs. DGTQWLD vs. SPGMQWLD vs. VTQWLD vs. VWICXQWLD vs. JPGL.LQWLD vs. QVML

Return for Risk

IXP vs. QWLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IXP
IXP Risk / Return Rank: 2424
Overall Rank
IXP Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IXP Sortino Ratio Rank: 2525
Sortino Ratio Rank
IXP Omega Ratio Rank: 2424
Omega Ratio Rank
IXP Calmar Ratio Rank: 2424
Calmar Ratio Rank
IXP Martin Ratio Rank: 2525
Martin Ratio Rank
QWLD
QWLD Risk / Return Rank: 8181
Overall Rank
QWLD Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
QWLD Sortino Ratio Rank: 8585
Sortino Ratio Rank
QWLD Omega Ratio Rank: 8383
Omega Ratio Rank
QWLD Calmar Ratio Rank: 7272
Calmar Ratio Rank
QWLD Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IXP vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

IXPQWLDDifference
Sharpe ratioReturn per unit of total volatility
0.56
2.06

-1.49

Sortino ratioReturn per unit of downside risk
0.93
2.91

-1.98

Omega ratioGain probability vs. loss probability

1.11

1.37

-0.26

Calmar ratioReturn relative to maximum drawdown

0.74

2.60

-1.86

Martin ratioReturn relative to average drawdown

1.92

11.35

-9.43

IXP vs. QWLD - Sharpe Ratio Comparison

The current IXP Sharpe Ratio is 0.56, which is lower than the QWLD Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IXP and QWLD, 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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Drawdowns

IXP vs. QWLD - Drawdown Comparison

The maximum IXP drawdown since its inception was -50.11%, which is greater than QWLD's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for IXP and QWLD.

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Drawdown Indicators

IXPQWLDDifference

Max Drawdown

Largest peak-to-trough decline

-50.11%

-31.89%

-18.22%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-7.66%

-4.60%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-12.40%

-5.14%

Max Drawdown (5Y)

Largest decline over 5 years

-44.30%

-22.84%

-21.46%

Max Drawdown (10Y)

Largest decline over 10 years

-44.30%

-31.89%

-12.41%

Current Drawdown

Current decline from peak

-5.75%

0.00%

-5.75%

Average Drawdown

Average peak-to-trough decline

-11.89%

-3.66%

-8.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.70%

1.75%

+2.95%

Volatility

IXP vs. QWLD - Volatility Comparison

iShares Global Comm Services ETF (IXP) has a higher volatility of 6.73% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.28%. This indicates that IXP's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXPQWLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.73%

2.28%

+4.45%

Volatility (6M)

Calculated over the trailing 6-month period

12.41%

7.74%

+4.67%

Volatility (1Y)

Calculated over the trailing 1-year period

16.10%

9.70%

+6.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.26%

13.51%

+5.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.59%

15.12%

+3.47%

IXP vs. QWLD - Expense Ratio Comparison

IXP has a 0.43% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

IXP vs. QWLD - Dividend Comparison

IXP's dividend yield for the trailing twelve months is around 3.32%, more than QWLD's 1.78% yield.

PositionTTM20252024202320222021202020192018201720162015
IXP
iShares Global Comm Services ETF		3.32%2.98%1.35%1.24%0.62%1.80%0.95%2.18%4.32%3.41%4.02%3.89%
QWLD
SPDR MSCI World StrategicFactors ETF		1.78%1.85%1.74%1.78%2.02%1.77%1.77%2.13%2.33%2.73%2.22%3.42%

Frequently Asked Questions

IXP and QWLD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXP has higher volatility (6.73%) compared to QWLD (2.28%). In terms of maximum drawdown, IXP dropped -50.11% vs QWLD's -31.89%.

On 10-year performance, QWLD leads with 11.64% vs 8.78% for IXP. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QWLD has performed better with a 11.64% return vs 8.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QWLD is cheaper with a 0.30% expense ratio, compared with 0.43% for IXP.

IXP has the higher dividend yield at 3.32%, compared with 1.78% for QWLD.

IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while QWLD tracks MSCI World Factor Mix A-Series (USD). They also come from different issuers: iShares and State Street. Their fees differ too: 0.43% for IXP and 0.30% for QWLD.

QWLD currently has the higher Sharpe Ratio (2.06 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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