QWLD vs. IFSW.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR MSCI World StrategicFactors ETF (QWLD) and iShares Edge MSCI World Multifactor UCITS (IFSW.L).

QWLD and IFSW.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. IFSW.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 4, 2015. Both QWLD and IFSW.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.

Performance

QWLD vs. IFSW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI World StrategicFactors ETF (QWLD) and iShares Edge MSCI World Multifactor UCITS (IFSW.L). The values are adjusted to include any dividend payments, if applicable.

QWLD vs. IFSW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QWLD SPDR MSCI World StrategicFactors ETF	0.53%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	22.44%
IFSW.L iShares Edge MSCI World Multifactor UCITS	-1.64%	25.73%	17.05%	15.35%	-15.39%	20.36%	10.69%	21.44%	-12.34%	26.45%

Returns By Period

In the year-to-date period, QWLD achieves a 0.53% return, which is significantly higher than IFSW.L's -1.64% return. Over the past 10 years, QWLD has outperformed IFSW.L with an annualized return of 11.14%, while IFSW.L has yielded a comparatively lower 10.48% annualized 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%

IFSW.L

• 1D: 2.90%
• 1M: -2.89%
• YTD: -1.64%
• 6M: 2.37%
• 1Y: 23.01%
• 3Y*: 16.85%
• 5Y*: 9.27%
• 10Y*: 10.48%

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

QWLD vs. IFSW.L - Expense Ratio Comparison

QWLD has a 0.30% expense ratio, which is lower than IFSW.L's 0.55% expense ratio.

IFSW.L

iShares Edge MSCI World Multifactor UCITS

QWLD

SPDR MSCI World StrategicFactors ETF

Return for Risk

QWLD vs. IFSW.L — Risk / Return Rank

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

QWLD

QWLD Risk / Return Rank: 60
QWLD Sharpe Ratio Rank: 58
QWLD Sortino Ratio Rank: 61
QWLD Omega Ratio Rank: 60
QWLD Calmar Ratio Rank: 53
QWLD Martin Ratio Rank: 67

IFSW.L

IFSW.L Risk / Return Rank: 79
IFSW.L Sharpe Ratio Rank: 77
IFSW.L Sortino Ratio Rank: 77
IFSW.L Omega Ratio Rank: 76
IFSW.L Calmar Ratio Rank: 80
IFSW.L Martin Ratio Rank: 86

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. IFSW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) and iShares Edge MSCI World Multifactor UCITS (IFSW.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.

	QWLD	IFSW.L	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.46	-0.40
Sortino ratio Return per unit of downside risk	1.61	2.05	-0.44
Omega ratio Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio Return relative to maximum drawdown	1.44	2.39	-0.96
Martin ratio Return relative to average drawdown	7.15	10.86	-3.71
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. IFSW.L - Sharpe Ratio Comparison

The current QWLD Sharpe Ratio is 1.07, which is comparable to the IFSW.L Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of QWLD and IFSW.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QWLD	IFSW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.46	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.59	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.65	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.62	+0.04

Correlation

The correlation between QWLD and IFSW.L is 0.54, 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.

Dividends

QWLD vs. IFSW.L - Dividend Comparison

QWLD's dividend yield for the trailing twelve months is around 1.84%, while IFSW.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IFSW.L iShares Edge MSCI World Multifactor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QWLD vs. IFSW.L - Drawdown Comparison

The maximum QWLD drawdown since its inception was -31.89%, smaller than the maximum IFSW.L drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for QWLD and IFSW.L.

Drawdown Indicators

	QWLD	IFSW.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.89%	-34.49%	+2.60%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-11.75%	+1.31%
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	-24.41%	+1.57%
Max Drawdown (10Y) Largest decline over 10 years	-31.89%	-34.49%	+2.60%
Current Drawdown Current decline from peak	-4.82%	-4.69%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.74%	-5.19%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.08%	+0.02%

Volatility

QWLD vs. IFSW.L - Volatility Comparison

The current volatility for SPDR MSCI World StrategicFactors ETF (QWLD) is 4.62%, while iShares Edge MSCI World Multifactor UCITS (IFSW.L) has a volatility of 5.60%. This indicates that QWLD experiences smaller price fluctuations and is considered to be less risky than IFSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QWLD	IFSW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	5.60%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	9.09%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	15.73%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	15.72%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	16.12%	-0.92%