QWLD vs. GGRP.L
Compare and contrast key facts about SPDR MSCI World StrategicFactors ETF (QWLD) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L).
QWLD and GGRP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QWLD is a passively managed fund by State Street that tracks the performance of the MSCI World Factor Mix A-Series (USD). It was launched on Jun 4, 2014. GGRP.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Global Developed Quality Dividend Growth. It was launched on Nov 2, 2016. Both QWLD and GGRP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QWLD or GGRP.L.
Key characteristics
| QWLD | GGRP.L | |
|---|---|---|
| YTD Return | 17.69% | 11.72% |
| 1Y Return | 26.40% | 17.96% |
| 3Y Return (Ann) | 7.30% | 7.15% |
| 5Y Return (Ann) | 11.15% | 10.90% |
| Sharpe Ratio | 2.78 | 2.06 |
| Sortino Ratio | 3.93 | 2.96 |
| Omega Ratio | 1.51 | 1.37 |
| Calmar Ratio | 4.80 | 4.16 |
| Martin Ratio | 18.46 | 13.81 |
| Ulcer Index | 1.44% | 1.24% |
| Daily Std Dev | 9.54% | 8.33% |
| Max Drawdown | -31.89% | -22.60% |
| Current Drawdown | -1.12% | -0.11% |
Correlation
The correlation between QWLD and GGRP.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QWLD vs. GGRP.L - Performance Comparison
In the year-to-date period, QWLD achieves a 17.69% return, which is significantly higher than GGRP.L's 11.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QWLD vs. GGRP.L - Expense Ratio Comparison
QWLD has a 0.30% expense ratio, which is lower than GGRP.L's 0.38% expense ratio.
Risk-Adjusted Performance
QWLD vs. GGRP.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.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.
Dividends
QWLD vs. GGRP.L - Dividend Comparison
QWLD's dividend yield for the trailing twelve months is around 1.48%, less than GGRP.L's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QWLD SPDR MSCI World StrategicFactors ETF | 1.48% | 1.78% | 2.02% | 1.77% | 1.77% | 2.13% | 2.33% | 2.73% | 2.22% | 3.42% | 1.02% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 1.61% | 1.86% | 2.42% | 1.60% | 1.47% | 1.88% | 2.13% | 1.42% | 0.00% | 0.00% | 0.00% |
Drawdowns
QWLD vs. GGRP.L - Drawdown Comparison
The maximum QWLD drawdown since its inception was -31.89%, which is greater than GGRP.L's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for QWLD and GGRP.L. For additional features, visit the drawdowns tool.
Volatility
QWLD vs. GGRP.L - Volatility Comparison
SPDR MSCI World StrategicFactors ETF (QWLD) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) have volatilities of 2.64% and 2.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.