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SWDA.L vs. IWFQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWDA.L vs. IWFQ.L

Last updated Jun 5, 2026

SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and IWFQ.L (iShares MSCI World Quality Factor UCITS) are both Global Equities funds from iShares - SWDA.L tracks the MSCI World Index while IWFQ.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, SWDA.L returned 13.91%/yr vs 13.14%/yr for IWFQ.L. With a 0.97 correlation, they move nearly in lockstep. SWDA.L charges 0.20%/yr vs 0.30%/yr for IWFQ.L.

Performance

SWDA.L vs. IWFQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and iShares MSCI World Quality Factor UCITS (IWFQ.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SWDA.L achieves a 10.08% return, which is significantly higher than IWFQ.L's 8.70% return. Over the past 10 years, SWDA.L has outperformed IWFQ.L with an annualized return of 13.91%, while IWFQ.L has yielded a comparatively lower 13.14% annualized return.

SWDA.L

1D
0.15%
1M
5.12%
YTD
10.08%
6M
10.35%
1Y
27.25%
3Y*
17.68%
5Y*
13.06%
10Y*
13.91%

IWFQ.L

1D
0.95%
1M
4.62%
YTD
8.70%
6M
9.17%
1Y
22.15%
3Y*
15.22%
5Y*
11.52%
10Y*
13.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDA.L vs. IWFQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.08%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%
IWFQ.L
iShares MSCI World Quality Factor UCITS		8.70%7.40%18.93%19.15%-9.55%25.17%10.93%25.86%-2.34%12.47%

Correlation

The correlation between SWDA.L and IWFQ.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.97

The correlation between SWDA.L and IWFQ.L has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

SWDA.L vs. IWFQ.L - Sectors Allocation Comparison

Sectors
SWDA.L
IWFQ.L

Technology

30.0%
32.2%

Financial Services

15.4%
14.1%

Industrials

10.9%
9.8%

Communication Services

9.2%
9.1%

Consumer Cyclical

9.0%
8.8%

Healthcare

8.7%
9.4%

Consumer Defensive

5.2%
5.1%

Energy

4.2%
4.2%

Basic Materials

3.2%
3.3%

Utilities

2.5%
2.5%

Real Estate

1.8%
1.7%

Technology

SWDA.L
30.0%
IWFQ.L
32.2%

Financial Services

SWDA.L
15.4%
IWFQ.L
14.1%

Industrials

SWDA.L
10.9%
IWFQ.L
9.8%

Communication Services

SWDA.L
9.2%
IWFQ.L
9.1%

Consumer Cyclical

SWDA.L
9.0%
IWFQ.L
8.8%

Healthcare

SWDA.L
8.7%
IWFQ.L
9.4%

Consumer Defensive

SWDA.L
5.2%
IWFQ.L
5.1%

Energy

SWDA.L
4.2%
IWFQ.L
4.2%

Basic Materials

SWDA.L
3.2%
IWFQ.L
3.3%

Utilities

SWDA.L
2.5%
IWFQ.L
2.5%

Real Estate

SWDA.L
1.8%
IWFQ.L
1.7%

Compare stocks, funds, or ETFs

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iShares Core MSCI World UCITS ETF USD (Acc)

iShares MSCI World Quality Factor UCITS

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SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO
Often compared with IWFQ.L:
IWFQ.L vs. IUQF.LIWFQ.L vs. GGRA.LIWFQ.L vs. GERD.DEIWFQ.L vs. URTHIWFQ.L vs. GOGB.LIWFQ.L vs. MWMIXIWFQ.L vs. JQUA

Return for Risk

SWDA.L vs. IWFQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
Martin Ratio Rank
IWFQ.L
IWFQ.L Risk / Return Rank: 7070
Overall Rank
IWFQ.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IWFQ.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
IWFQ.L Omega Ratio Rank: 7373
Omega Ratio Rank
IWFQ.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWFQ.L Martin Ratio Rank: 7272
Martin Ratio Rank
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.

SWDA.L vs. IWFQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and iShares MSCI World Quality Factor UCITS (IWFQ.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.

SWDA.LIWFQ.LDifference
Sharpe ratioReturn per unit of total volatility
2.66
2.26

+0.40

Sortino ratioReturn per unit of downside risk
3.69
3.21

+0.49

Omega ratioGain probability vs. loss probability

1.51

1.43

+0.08

Calmar ratioReturn relative to maximum drawdown

4.14

3.15

+0.99

Martin ratioReturn relative to average drawdown

16.55

13.27

+3.29

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

SWDA.L vs. IWFQ.L - Sharpe Ratio Comparison

The current SWDA.L Sharpe Ratio is 2.66, which is comparable to the IWFQ.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of SWDA.L and IWFQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SWDA.LIWFQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

2.26

+0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

0.86

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

0.92

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.89

0.00

Drawdowns

SWDA.L vs. IWFQ.L - Drawdown Comparison

The maximum SWDA.L drawdown since its inception was -25.58%, which is greater than IWFQ.L's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for SWDA.L and IWFQ.L.

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Drawdown Indicators

SWDA.LIWFQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.58%

-23.91%

-1.67%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-7.01%

+0.46%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-17.96%

-0.54%

Max Drawdown (5Y)

Largest decline over 5 years

-18.50%

-17.96%

-0.54%

Max Drawdown (10Y)

Largest decline over 10 years

-25.58%

-23.91%

-1.67%

Current Drawdown

Current decline from peak

-0.10%

0.00%

-0.10%

Average Drawdown

Average peak-to-trough decline

-3.49%

-3.62%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

1.67%

-0.03%

Volatility

SWDA.L vs. IWFQ.L - Volatility Comparison

iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and iShares MSCI World Quality Factor UCITS (IWFQ.L) have volatilities of 2.52% and 2.56%, 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.

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Volatility by Period

SWDA.LIWFQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

2.56%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

7.09%

+0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

10.19%

9.75%

+0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.30%

13.36%

-0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.50%

14.35%

+0.15%

SWDA.L vs. IWFQ.L - Expense Ratio Comparison

SWDA.L has a 0.20% expense ratio, which is lower than IWFQ.L's 0.30% expense ratio.

Dividends

SWDA.L vs. IWFQ.L - Dividend Comparison

Neither SWDA.L nor IWFQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.92, SWDA.L and IWFQ.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for IWFQ.L.

SWDA.L tracks MSCI World Index, while IWFQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.20% for SWDA.L and 0.30% for IWFQ.L.

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