QWLD vs. VUG

Last updated Aug 2, 2026

QWLD (SPDR MSCI World StrategicFactors ETF) and VUG (Vanguard Growth ETF) are both Large Cap Growth Equities funds - QWLD tracks the MSCI World Factor Mix A-Series (USD) while VUG tracks the CRSP US Large Cap Growth Index. Both are passively managed. Over the past 10 years, QWLD returned 11.57%/yr vs 17.38%/yr for VUG. Their 0.68 correlation means they have sometimes moved together and sometimes differently. QWLD charges 0.30%/yr vs 0.03%/yr for VUG.

Performance

QWLD vs. VUG - Performance Comparison

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

Returns By Period

In the year-to-date period, QWLD achieves a 9.39% return, which is significantly higher than VUG's 5.02% return. Over the past 10 years, QWLD has underperformed VUG with an annualized return of 11.57%, while VUG has yielded a comparatively higher 17.38% annualized return.

QWLD

• 1D: 0.22%
• 1M: 1.63%
• 6M: 6.46%
• YTD: 9.39%
• 1Y: 19.11%
• 3Y*: 15.49%
• 5Y*: 10.03%
• 10Y*: 11.57%
• ALL TIME*: 10.49%

VUG

• 1D: 1.10%
• 1M: -0.35%
• 6M: 6.39%
• YTD: 5.02%
• 1Y: 15.36%
• 3Y*: 21.19%
• 5Y*: 12.16%
• 10Y*: 17.38%
• ALL TIME*: 12.08%

*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)
QWLD SPDR MSCI World StrategicFactors ETF	$231.12K	$297.84K	$1.04M
VUG Vanguard Growth ETF	$556.11M	$661.72M	$650.91M

QWLD vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QWLD SPDR MSCI World StrategicFactors ETF	9.39%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	22.44%
VUG Vanguard Growth ETF	5.02%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%

Correlation

The correlation between QWLD and VUG is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Jun 5, 2014	0.68

The correlation between QWLD and VUG shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

QWLD vs. VUG - Sectors Allocation Comparison

Sectors	QWLD	VUG
Technology	24.9%	56.2%
Financial Services	16.5%	3.8%
Healthcare	13.2%	4.7%
Industrials	10.9%	5.3%
Communication Services	9.5%	15.4%
Consumer Defensive	8.1%	1.4%
Consumer Cyclical	6.3%	11.5%
Utilities	3.8%	0.7%
Energy	3.4%	0.3%
Basic Materials	2.5%	0.5%
Real Estate	1.0%	1.0%

Return for Risk

QWLD vs. VUG — Risk / Return Rank

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

QWLD

QWLD Risk / Return Rank: 80
QWLD Sharpe Ratio Rank: 83
QWLD Sortino Ratio Rank: 84
QWLD Omega Ratio Rank: 82
QWLD Calmar Ratio Rank: 70
QWLD Martin Ratio Rank: 81

VUG

VUG Risk / Return Rank: 28
VUG Sharpe Ratio Rank: 30
VUG Sortino Ratio Rank: 29
VUG Omega Ratio Rank: 28
VUG Calmar Ratio Rank: 25
VUG Martin Ratio Rank: 29

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.

QWLD vs. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) and Vanguard Growth ETF (VUG). 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.

	QWLD	VUG	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.72	+1.21
Sortino ratio: Return per unit of downside risk	2.75	1.10	+1.65
Omega ratio: Gain probability vs. loss probability	1.34	1.13	+0.21
Calmar ratio: Return relative to maximum drawdown	2.44	0.78	+1.67
Martin ratio: Return relative to average drawdown	10.67	2.47	+8.21

QWLD vs. VUG - Sharpe Ratio Comparison

The current QWLD Sharpe Ratio is 1.93, which is higher than the VUG Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of QWLD and VUG, 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

QWLD vs. VUG - Drawdown Comparison

The maximum QWLD drawdown since its inception was -31.89%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for QWLD and VUG.

Drawdown Indicators

	QWLD	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-31.89%	-50.68%	+18.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.66%	-16.53%	+8.87%
Max Drawdown (3Y) Largest decline over 3 years	-12.40%	-22.85%	+10.45%
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	-35.61%	+12.77%
Max Drawdown (10Y) Largest decline over 10 years	-31.89%	-35.61%	+3.72%
Current Drawdown Current decline from peak	0.00%	-5.53%	+5.53%
Average Drawdown Average peak-to-trough decline	-3.66%	-7.08%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	5.20%	-3.45%

Volatility

QWLD vs. VUG - Volatility Comparison

The current volatility for SPDR MSCI World StrategicFactors ETF (QWLD) is 2.30%, while Vanguard Growth ETF (VUG) has a volatility of 5.58%. This indicates that QWLD experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QWLD	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	5.58%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	14.24%	-6.51%
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	17.74%	-8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	22.49%	-8.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	21.55%	-6.43%

QWLD vs. VUG - Expense Ratio Comparison

QWLD has a 0.30% expense ratio, which is higher than VUG's 0.03% expense ratio.

Dividends

QWLD vs. VUG - Dividend Comparison

QWLD's dividend yield for the trailing twelve months is around 1.79%, more than VUG's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QWLD SPDR MSCI World StrategicFactors ETF	1.79%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%
VUG Vanguard Growth ETF	0.40%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both QWLD and VUG in my portfolio?

QWLD and VUG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QWLD or VUG?

VUG has higher volatility (5.58%) compared to QWLD (2.30%). In terms of maximum drawdown, QWLD dropped -31.89% vs VUG's -50.68%.

Which ETF is better, QWLD or VUG?

On 10-year performance, VUG leads with 17.38% vs 11.57% for QWLD. On fees, VUG is cheaper at 0.03% per year. On volatility, QWLD has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QWLD or VUG?

Over the 10-year period, VUG has performed better with a 17.38% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QWLD or VUG?

VUG is cheaper with a 0.03% expense ratio, compared with 0.30% for QWLD.

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

QWLD has the higher dividend yield at 1.79%, compared with 0.40% for VUG.

What is the main difference between QWLD and VUG?

QWLD tracks MSCI World Factor Mix A-Series (USD), while VUG tracks CRSP US Large Cap Growth Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for QWLD and 0.03% for VUG.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.93 vs 0.72), 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.