OGIG vs. QWLD

Last updated Aug 4, 2026

OGIG (O’Shares Global Internet Giants ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds - OGIG tracks the O’Shares Global Internet Giants Index while QWLD tracks the MSCI World Factor Mix A-Series (USD). Both are passively managed. Over the past 5 years, OGIG returned -2.57%/yr vs 10.04%/yr for QWLD. Their 0.63 correlation means they have sometimes moved together and sometimes differently. OGIG charges 0.48%/yr vs 0.30%/yr for QWLD.

Performance

OGIG vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in O’Shares Global Internet Giants ETF (OGIG) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGIG achieves a -8.22% return, which is significantly lower than QWLD's 10.03% return.

OGIG

• 1D: 3.19%
• 1M: 4.98%
• 6M: 1.25%
• YTD: -8.22%
• 1Y: -8.96%
• 3Y*: 13.89%
• 5Y*: -2.57%
• 10Y*: —
• ALL TIME*: 8.27%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OGIG O’Shares Global Internet Giants ETF	$250.04K	$303.92K	$446.15K
QWLD SPDR MSCI World StrategicFactors ETF	$247.86K	$289.30K	$1.06M

OGIG vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OGIG O’Shares Global Internet Giants ETF	-8.22%	14.39%	25.97%	50.25%	-50.64%	-9.30%	107.92%	36.90%	-24.48%
QWLD SPDR MSCI World StrategicFactors ETF	10.03%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-8.15%

Correlation

The correlation between OGIG and QWLD is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018	0.63

The correlation between OGIG and QWLD shifts across timeframes, from 0.49 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

OGIG vs. QWLD - Sectors Allocation Comparison

Sectors	OGIG	QWLD
Technology	50.3%	24.9%
Communication Services	28.4%	9.5%
Consumer Cyclical	19.5%	6.3%
Healthcare	1.0%	13.2%
Real Estate	0.8%	1.0%
Industrials	0.4%	10.9%
Financial Services	0.2%	16.5%
Basic Materials	-	2.5%
Consumer Defensive	-	8.1%
Energy	-	3.4%
Utilities	-	3.8%

Return for Risk

OGIG vs. QWLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OGIG

OGIG Risk / Return Rank: 7
OGIG Sharpe Ratio Rank: 6
OGIG Sortino Ratio Rank: 6
OGIG Omega Ratio Rank: 6
OGIG Calmar Ratio Rank: 7
OGIG Martin Ratio Rank: 8

QWLD

QWLD Risk / Return Rank: 81
QWLD Sharpe Ratio Rank: 85
QWLD Sortino Ratio Rank: 85
QWLD Omega Ratio Rank: 83
QWLD Calmar Ratio Rank: 72
QWLD Martin Ratio Rank: 82

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.

OGIG vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) 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.

	OGIG	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	2.06	-2.43
Sortino ratio: Return per unit of downside risk	-0.37	2.91	-3.28
Omega ratio: Gain probability vs. loss probability	0.96	1.37	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.27	2.60	-2.87
Martin ratio: Return relative to average drawdown	-0.49	11.35	-11.84

OGIG vs. QWLD - Sharpe Ratio Comparison

The current OGIG Sharpe Ratio is -0.37, which is lower than the QWLD Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of OGIG 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.

Drawdowns

OGIG vs. QWLD - Drawdown Comparison

The maximum OGIG drawdown since its inception was -66.05%, which is greater than QWLD's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for OGIG and QWLD.

Drawdown Indicators

	OGIG	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-66.05%	-31.89%	-34.16%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	-7.66%	-25.57%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-12.40%	-20.83%
Max Drawdown (5Y) Largest decline over 5 years	-62.79%	-22.84%	-39.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-24.18%	0.00%	-24.18%
Average Drawdown Average peak-to-trough decline	-25.71%	-3.66%	-22.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.26%	1.75%	+16.51%

Volatility

OGIG vs. QWLD - Volatility Comparison

O’Shares Global Internet Giants ETF (OGIG) has a higher volatility of 7.26% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.28%. This indicates that OGIG'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.

Volatility by Period

	OGIG	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	2.28%	+4.98%
Volatility (6M) Calculated over the trailing 6-month period	20.17%	7.74%	+12.43%
Volatility (1Y) Calculated over the trailing 1-year period	24.11%	9.70%	+14.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.82%	13.51%	+18.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	15.12%	+15.84%

OGIG vs. QWLD - Expense Ratio Comparison

OGIG has a 0.48% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

OGIG vs. QWLD - Dividend Comparison

OGIG's dividend yield for the trailing twelve months is around 0.08%, less than QWLD's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OGIG O’Shares Global Internet Giants ETF	0.08%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both OGIG and QWLD in my portfolio?

OGIG and QWLD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OGIG or QWLD?

OGIG has higher volatility (7.26%) compared to QWLD (2.28%). In terms of maximum drawdown, OGIG dropped -66.05% vs QWLD's -31.89%.

Which ETF is better, OGIG or QWLD?

On 5-year performance, QWLD leads with 10.04% vs -2.57% for OGIG. 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.

Which ETF has performed better, OGIG or QWLD?

Over the 5-year period, QWLD has performed better with a 10.04% return vs -2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OGIG or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.48% for OGIG.

Which ETF pays a higher dividend yield, OGIG or QWLD?

QWLD has the higher dividend yield at 1.78%, compared with 0.08% for OGIG.

What is the main difference between OGIG and QWLD?

OGIG tracks O’Shares Global Internet Giants Index, while QWLD tracks MSCI World Factor Mix A-Series (USD). They also come from different issuers: O'Shares Investments and State Street. Their fees differ too: 0.48% for OGIG and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (2.06 vs -0.37), 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.