QWLD vs. GQGU
QWLD (SPDR MSCI World StrategicFactors ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. QWLD is passively managed, while GQGU is actively managed. At a 0.20 correlation, their price movements are largely independent. QWLD charges 0.30%/yr vs 0.49%/yr for GQGU.
Performance
QWLD vs. GQGU - Performance Comparison
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Returns By Period
In the year-to-date period, QWLD achieves a 7.11% return, which is significantly higher than GQGU's 6.44% return.
QWLD
- 1D
- 0.53%
- 1M
- 2.38%
- YTD
- 7.11%
- 6M
- 7.83%
- 1Y
- 17.61%
- 3Y*
- 16.69%
- 5Y*
- 10.08%
- 10Y*
- 11.67%
GQGU
- 1D
- -0.15%
- 1M
- -1.69%
- YTD
- 6.44%
- 6M
- 7.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QWLD vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QWLD SPDR MSCI World StrategicFactors ETF | 7.11% | 7.35% |
GQGU GQG US Equity ETF | 6.44% | -1.14% |
Correlation
The correlation between QWLD and GQGU is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.20 |
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Return for Risk
QWLD vs. GQGU — Risk / Return Rank
QWLD
GQGU
QWLD vs. GQGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) and GQG US Equity ETF (GQGU). 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.
| QWLD | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 9.99 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QWLD | GQGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.58 | +0.12 |
Drawdowns
QWLD vs. GQGU - Drawdown Comparison
The maximum QWLD drawdown since its inception was -31.89%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for QWLD and GQGU.
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Drawdown Indicators
| QWLD | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.89% | -6.65% | -25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.89% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -4.80% | +4.77% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -2.55% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | — | — |
Volatility
QWLD vs. GQGU - Volatility Comparison
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Volatility by Period
| QWLD | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 10.12% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 10.12% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 10.12% | +5.06% |
QWLD vs. GQGU - Expense Ratio Comparison
QWLD has a 0.30% expense ratio, which is lower than GQGU's 0.49% expense ratio.
Dividends
QWLD vs. GQGU - Dividend Comparison
QWLD's dividend yield for the trailing twelve months is around 1.83%, more than GQGU's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQGU GQG US Equity ETF | 0.96% | 1.02% | 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 | 1.83% | 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
QWLD and GQGU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QWLD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QWLD is cheaper with a 0.30% expense ratio, compared with 0.49% for GQGU.
QWLD has the higher dividend yield at 1.83%, compared with 0.96% for GQGU.
They also come from different issuers: State Street and GQG Partners. Their fees differ too: 0.30% for QWLD and 0.49% for GQGU.
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