MXWS.L vs. QGRPX

Last updated Jun 5, 2026

MXWS.L (Invesco MSCI World UCITS ETF) and QGRPX (UBS US Quality Growth At Reasonable Price Fund) are both funds - MXWS.L is a Global Equities fund tracking the MSCI ACWI NR USD, while QGRPX is a Large Cap Growth Equities fund managed by UBS. Over the past 5 years, MXWS.L returned 13.12%/yr vs 13.13%/yr for QGRPX. A 0.51 correlation means they provide meaningful diversification when combined. MXWS.L charges 0.19%/yr vs 0.50%/yr for QGRPX.

Performance

MXWS.L vs. QGRPX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World UCITS ETF (MXWS.L) and UBS US Quality Growth At Reasonable Price Fund (QGRPX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, MXWS.L achieves a 10.17% return, which is significantly higher than QGRPX's 3.14% return.

MXWS.L

• 1D: 0.04%
• 1M: 5.20%
• YTD: 10.17%
• 6M: 10.37%
• 1Y: 27.42%
• 3Y*: 17.75%
• 5Y*: 13.12%
• 10Y*: 14.18%

QGRPX

• 1D: -0.98%
• 1M: 4.50%
• YTD: 3.14%
• 6M: 1.21%
• 1Y: 16.76%
• 3Y*: 17.00%
• 5Y*: 13.13%
• 10Y*: —

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

MXWS.L vs. QGRPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MXWS.L Invesco MSCI World UCITS ETF	10.17%	12.63%	21.11%	17.73%	-8.30%	23.66%	12.34%
QGRPX UBS US Quality Growth At Reasonable Price Fund	3.14%	7.28%	27.32%	28.75%	-16.72%	30.37%	5.76%

Correlation

The correlation between MXWS.L and QGRPX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 10, 2020	0.51

The correlation between MXWS.L and QGRPX has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.

Return for Risk

MXWS.L vs. QGRPX — Risk / Return Rank

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

MXWS.L

MXWS.L Risk / Return Rank: 83
MXWS.L Sharpe Ratio Rank: 83
MXWS.L Sortino Ratio Rank: 83
MXWS.L Omega Ratio Rank: 84
MXWS.L Calmar Ratio Rank: 81
MXWS.L Martin Ratio Rank: 83

QGRPX

QGRPX Risk / Return Rank: 15
QGRPX Sharpe Ratio Rank: 18
QGRPX Sortino Ratio Rank: 18
QGRPX Omega Ratio Rank: 17
QGRPX Calmar Ratio Rank: 11
QGRPX Martin Ratio Rank: 12

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.

MXWS.L vs. QGRPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWS.L) and UBS US Quality Growth At Reasonable Price Fund (QGRPX). 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.

	MXWS.L	QGRPX	Difference
Sharpe ratio: Return per unit of total volatility	2.69	1.33	+1.36
Sortino ratio: Return per unit of downside risk	3.68	1.87	+1.81
Omega ratio: Gain probability vs. loss probability	1.51	1.23	+0.27
Calmar ratio: Return relative to maximum drawdown	4.17	1.06	+3.11
Martin ratio: Return relative to average drawdown	16.68	2.86	+13.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXWS.L vs. QGRPX - Sharpe Ratio Comparison

The current MXWS.L Sharpe Ratio is 2.69, which is higher than the QGRPX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MXWS.L and QGRPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MXWS.L	QGRPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	1.33	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.72	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.73	+0.26

Drawdowns

MXWS.L vs. QGRPX - Drawdown Comparison

The maximum MXWS.L drawdown since its inception was -24.29%, roughly equal to the maximum QGRPX drawdown of -24.43%. Use the drawdown chart below to compare losses from any high point for MXWS.L and QGRPX.

Drawdown Indicators

	MXWS.L	QGRPX	Difference
Max Drawdown Largest peak-to-trough decline	-24.29%	-24.43%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-17.60%	+11.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	-24.43%	+5.14%
Max Drawdown (5Y) Largest decline over 5 years	-19.29%	-24.43%	+5.14%
Max Drawdown (10Y) Largest decline over 10 years	-24.29%	—	—
Current Drawdown Current decline from peak	-0.13%	-2.69%	+2.56%
Average Drawdown Average peak-to-trough decline	-3.25%	-6.07%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	6.31%	-4.67%

Volatility

MXWS.L vs. QGRPX - Volatility Comparison

The current volatility for Invesco MSCI World UCITS ETF (MXWS.L) is 2.51%, while UBS US Quality Growth At Reasonable Price Fund (QGRPX) has a volatility of 3.63%. This indicates that MXWS.L experiences smaller price fluctuations and is considered to be less risky than QGRPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXWS.L	QGRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	3.63%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	7.41%	10.89%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	14.09%	-3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.33%	18.58%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	18.35%	-2.90%

MXWS.L vs. QGRPX - Expense Ratio Comparison

MXWS.L has a 0.19% expense ratio, which is lower than QGRPX's 0.50% expense ratio.

Dividends

MXWS.L vs. QGRPX - Dividend Comparison

MXWS.L has not paid dividends to shareholders, while QGRPX's dividend yield for the trailing twelve months is around 6.00%.

Position	TTM	2025	2024	2023	2022	2021	2020
MXWS.L Invesco MSCI World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QGRPX UBS US Quality Growth At Reasonable Price Fund	6.00%	6.16%	3.62%	0.42%	1.00%	2.84%	0.37%

Frequently Asked Questions

Can I hold both MXWS.L and QGRPX in my portfolio?

MXWS.L and QGRPX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.