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

SWDA.L vs. QQQ

Last updated Jun 5, 2026

SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SWDA.L returned 13.91%/yr vs 22.80%/yr for QQQ. A 0.53 correlation means they provide meaningful diversification when combined. SWDA.L charges 0.20%/yr vs 0.18%/yr for QQQ.

Performance

SWDA.L vs. QQQ - 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 Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SWDA.L is traded in GBp, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SWDA.L achieves a 10.08% return, which is significantly lower than QQQ's 21.75% return. Over the past 10 years, SWDA.L has underperformed QQQ with an annualized return of 13.91%, while QQQ has yielded a comparatively higher 22.80% 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%

QQQ

1D
0.00%
1M
10.15%
YTD
21.75%
6M
18.90%
1Y
42.75%
3Y*
25.50%
5Y*
19.24%
10Y*
22.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDA.L vs. QQQ - 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%
QQQ
Invesco QQQ ETF		21.20%12.17%27.77%47.12%-24.56%28.63%44.26%33.67%5.80%21.19%

Correlation

The correlation between SWDA.L and QQQ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.64

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

0.57

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

0.55

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

0.55

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2009

0.53

The correlation between SWDA.L and QQQ shifts across timeframes, from 0.53 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.

SWDA.L vs. QQQ - Sectors Allocation Comparison

Sectors
SWDA.L
QQQ

Technology

30.0%
53.8%

Financial Services

15.4%
0.2%

Industrials

10.9%
2.8%

Communication Services

9.2%
15.8%

Consumer Cyclical

9.0%
12.3%

Healthcare

8.7%
4.2%

Consumer Defensive

5.2%
7.7%

Energy

4.2%
0.6%

Basic Materials

3.2%
1.1%

Utilities

2.5%
1.4%

Real Estate

1.8%
0.1%

Technology

SWDA.L
30.0%
QQQ
53.8%

Financial Services

SWDA.L
15.4%
QQQ
0.2%

Industrials

SWDA.L
10.9%
QQQ
2.8%

Communication Services

SWDA.L
9.2%
QQQ
15.8%

Consumer Cyclical

SWDA.L
9.0%
QQQ
12.3%

Healthcare

SWDA.L
8.7%
QQQ
4.2%

Consumer Defensive

SWDA.L
5.2%
QQQ
7.7%

Energy

SWDA.L
4.2%
QQQ
0.6%

Basic Materials

SWDA.L
3.2%
QQQ
1.1%

Utilities

SWDA.L
2.5%
QQQ
1.4%

Real Estate

SWDA.L
1.8%
QQQ
0.1%

Compare stocks, funds, or ETFs

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iShares Core MSCI World UCITS ETF USD (Acc)

Invesco QQQ ETF

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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 QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

SWDA.L vs. QQQ — 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
QQQ
QQQ Risk / Return Rank: 7474
Overall Rank
QQQ Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7575
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
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. QQQ - 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 Invesco QQQ ETF (QQQ). 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.LQQQDifference
Sharpe ratioReturn per unit of total volatility
2.66
2.81

-0.14

Sortino ratioReturn per unit of downside risk
3.69
3.58

+0.12

Omega ratioGain probability vs. loss probability

1.51

1.50

+0.01

Calmar ratioReturn relative to maximum drawdown

4.14

3.61

+0.53

Martin ratioReturn relative to average drawdown

16.55

10.93

+5.62

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. QQQ - Sharpe Ratio Comparison

The current SWDA.L Sharpe Ratio is 2.66, which is comparable to the QQQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of SWDA.L and QQQ, 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.LQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

2.81

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

0.92

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

1.03

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.87

+0.01

Drawdowns

SWDA.L vs. QQQ - Drawdown Comparison

The maximum SWDA.L drawdown since its inception was -25.58%, smaller than the maximum QQQ drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for SWDA.L and QQQ.

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Drawdown Indicators

SWDA.LQQQDifference

Max Drawdown

Largest peak-to-trough decline

-25.58%

-34.25%

+8.67%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-11.89%

+5.34%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-24.87%

+6.37%

Max Drawdown (5Y)

Largest decline over 5 years

-18.50%

-27.87%

+9.37%

Max Drawdown (10Y)

Largest decline over 10 years

-25.58%

-27.87%

+2.29%

Current Drawdown

Current decline from peak

-0.10%

0.00%

-0.10%

Average Drawdown

Average peak-to-trough decline

-3.49%

-5.47%

+1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

3.92%

-2.28%

Volatility

SWDA.L vs. QQQ - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.52%, while Invesco QQQ ETF (QQQ) has a volatility of 3.94%. This indicates that SWDA.L experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWDA.LQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

3.94%

-1.42%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

10.96%

-3.67%

Volatility (1Y)

Calculated over the trailing 1-year period

10.19%

15.29%

-5.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.30%

21.11%

-7.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.50%

22.22%

-7.72%

SWDA.L vs. QQQ - Expense Ratio Comparison

SWDA.L has a 0.20% expense ratio, which is higher than QQQ's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SWDA.L vs. QQQ - Dividend Comparison

SWDA.L has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SWDA.L and QQQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for SWDA.L.

SWDA.L is categorized as Global Equities, while QQQ is Nasdaq-100. SWDA.L tracks MSCI World Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SWDA.L and 0.18% for QQQ.

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