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QWLD vs. GQGU
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QWLD vs. GQGU

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR MSCI World StrategicFactors ETF (QWLD) and GQG US Equity ETF (GQGU).

QWLD and GQGU 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. GQGU is an actively managed fund by GQG Partners. It was launched on Jul 14, 2025.

Performance

QWLD vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI World StrategicFactors ETF (QWLD) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

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QWLD vs. GQGU - Yearly Performance Comparison

2026 (YTD)2025
QWLD
SPDR MSCI World StrategicFactors ETF		0.53%7.35%
GQGU
GQG US Equity ETF		8.19%-1.14%

Returns By Period

In the year-to-date period, QWLD achieves a 0.53% return, which is significantly lower than GQGU's 8.19% return.

QWLD

1D
0.61%
1M
-4.33%
YTD
0.53%
6M
3.21%
1Y
15.02%
3Y*
15.26%
5Y*
9.99%
10Y*
11.14%

GQGU

1D
-1.30%
1M
-3.10%
YTD
8.19%
6M
6.64%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

SPDR MSCI World StrategicFactors ETF

GQG US Equity ETF

Often compared with QWLD:
QWLD vs. URTHQWLD vs. DGTQWLD vs. VTQWLD vs. SPGMQWLD vs. VWICXQWLD vs. JPGL.LQWLD vs. SWRD.L
Often compared with GQGU:
GQGU vs. QQQMGQGU vs. SCHGGQGU vs. ACWIGQGU vs. BBUSGQGU vs. VUGGQGU vs. BAMGGQGU vs. TOPT

QWLD vs. GQGU - Expense Ratio Comparison

QWLD has a 0.30% expense ratio, which is lower than GQGU's 0.49% expense ratio.

GQGU
GQG US Equity ETF
QWLD
SPDR MSCI World StrategicFactors ETF

Return for Risk

QWLD vs. GQGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QWLD
QWLD Risk / Return Rank: 6060
Overall Rank
QWLD Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
QWLD Sortino Ratio Rank: 6161
Sortino Ratio Rank
QWLD Omega Ratio Rank: 6060
Omega Ratio Rank
QWLD Calmar Ratio Rank: 5353
Calmar Ratio Rank
QWLD Martin Ratio Rank: 6767
Martin Ratio Rank
GQGU
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.

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.

QWLDGQGUDifference

Sharpe ratio

Return per unit of total volatility

1.07

—

—

Sortino ratio

Return per unit of downside risk

1.61

—

—

Omega ratio

Gain probability vs. loss probability

1.23

—

—

Calmar ratio

Return relative to maximum drawdown

1.44

—

—

Martin ratio

Return relative to average drawdown

7.15

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QWLD vs. GQGU - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QWLDGQGUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

1.02

-0.35

Correlation

The correlation between QWLD and GQGU is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QWLD vs. GQGU - Dividend Comparison

QWLD's dividend yield for the trailing twelve months is around 1.84%, more than GQGU's 0.94% yield.

TTM20252024202320222021202020192018201720162015
QWLD
SPDR MSCI World StrategicFactors ETF		1.84%1.85%1.74%1.78%2.02%1.77%1.77%2.13%2.33%2.73%2.22%3.42%
GQGU
GQG US Equity ETF		0.94%1.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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

QWLDGQGUDifference

Max Drawdown

Largest peak-to-trough decline

-31.89%

-6.65%

-25.24%

Max Drawdown (1Y)

Largest decline over 1 year

-10.44%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.84%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-31.89%

—

—

Current Drawdown

Current decline from peak

-4.82%

-3.24%

-1.58%

Average Drawdown

Average peak-to-trough decline

-3.74%

-2.21%

-1.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

—

—

Volatility

QWLD vs. GQGU - Volatility Comparison

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Volatility by Period

QWLDGQGUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

7.53%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.15%

9.66%

+4.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.56%

9.66%

+3.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.20%

9.66%

+5.54%