TSWE.L vs. QUID.L

Last updated Jul 16, 2026

TSWE.L (VanEck World Equal Weight Screened UCITS ETF) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both Global Equities funds - TSWE.L tracks the VanEck World Equal Weight Screened UCITS ETF while QUID.L tracks the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 10 years, TSWE.L returned 0.54%/yr vs 2.21%/yr for QUID.L. At a 0.18 correlation, their price movements are largely independent.

Performance

TSWE.L vs. QUID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck World Equal Weight Screened UCITS ETF (TSWE.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSWE.L is traded in USD, while QUID.L is traded in GBP. To make them comparable, the QUID.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSWE.L achieves a 13.54% return, which is significantly higher than QUID.L's 2.67% return. Over the past 10 years, TSWE.L has underperformed QUID.L with an annualized return of 0.54%, while QUID.L has yielded a comparatively higher 2.21% annualized return.

TSWE.L

• 1D: -0.01%
• 1M: -0.24%
• 6M: 11.06%
• YTD: 13.54%
• 1Y: 26.45%
• 3Y*: 18.83%
• 5Y*: 10.79%
• 10Y*: 0.54%

QUID.L

• 1D: 0.00%
• 1M: 1.16%
• 6M: 2.59%
• YTD: 2.67%
• 1Y: 5.46%
• 3Y*: 6.29%
• 5Y*: 2.93%
• 10Y*: 2.21%

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

TSWE.L vs. QUID.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSWE.L VanEck World Equal Weight Screened UCITS ETF	13.54%	27.64%	9.78%	20.41%	-17.42%	22.23%	23.38%	-61.63%	-4.83%	9.00%
QUID.L PIMCO Sterling Short Maturity UCITS ETF	2.67%	12.80%	3.91%	10.49%	-11.55%	-0.98%	3.80%	5.64%	-5.42%	10.09%

Correlation

The correlation between TSWE.L and QUID.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 3, 2013	0.18

Over the past year, TSWE.L and QUID.L have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.

Return for Risk

TSWE.L vs. QUID.L — Risk / Return Rank

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

TSWE.L

TSWE.L Risk / Return Rank: 67
TSWE.L Sharpe Ratio Rank: 67
TSWE.L Sortino Ratio Rank: 72
TSWE.L Omega Ratio Rank: 68
TSWE.L Calmar Ratio Rank: 63
TSWE.L Martin Ratio Rank: 67

QUID.L

QUID.L Risk / Return Rank: 99
QUID.L Sharpe Ratio Rank: 99
QUID.L Sortino Ratio Rank: 99
QUID.L Omega Ratio Rank: 99
QUID.L Calmar Ratio Rank: 98
QUID.L Martin Ratio Rank: 99

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.

TSWE.L vs. QUID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck World Equal Weight Screened UCITS ETF (TSWE.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.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.

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.

	TSWE.L	QUID.L	Difference
Sharpe ratio: Return per unit of total volatility	1.75	0.77	+0.97
Sortino ratio: Return per unit of downside risk	2.60	1.18	+1.42
Omega ratio: Gain probability vs. loss probability	1.32	1.14	+0.18
Calmar ratio: Return relative to maximum drawdown	2.55	1.16	+1.38
Martin ratio: Return relative to average drawdown	9.55	2.63	+6.92

TSWE.L vs. QUID.L - Sharpe Ratio Comparison

The current TSWE.L Sharpe Ratio is 1.75, which is higher than the QUID.L Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of TSWE.L and QUID.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.

Drawdowns

TSWE.L vs. QUID.L - Drawdown Comparison

The maximum TSWE.L drawdown since its inception was -76.86%, which is greater than QUID.L's maximum drawdown of -35.66%. Use the drawdown chart below to compare losses from any high point for TSWE.L and QUID.L.

Drawdown Indicators

	TSWE.L	QUID.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.86%	-35.66%	-41.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-4.45%	-6.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-7.76%	-8.67%
Max Drawdown (5Y) Largest decline over 5 years	-28.31%	-25.00%	-3.31%
Max Drawdown (10Y) Largest decline over 10 years	-76.86%	-26.28%	-50.58%
Current Drawdown Current decline from peak	-19.17%	-2.30%	-16.87%
Average Drawdown Average peak-to-trough decline	-31.89%	-14.60%	-17.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.97%	+0.83%

Volatility

TSWE.L vs. QUID.L - Volatility Comparison

VanEck World Equal Weight Screened UCITS ETF (TSWE.L) has a higher volatility of 3.58% compared to PIMCO Sterling Short Maturity UCITS ETF (QUID.L) at 1.70%. This indicates that TSWE.L's price experiences larger fluctuations and is considered to be riskier than QUID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSWE.L	QUID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	1.70%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	5.06%	+7.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	6.68%	+8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	8.63%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.67%	8.88%	+18.79%

Dividends

TSWE.L vs. QUID.L - Dividend Comparison

TSWE.L's dividend yield for the trailing twelve months is around 1.81%, less than QUID.L's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QUID.L PIMCO Sterling Short Maturity UCITS ETF	4.17%	4.19%	4.67%	3.69%	0.66%	0.08%	0.31%	0.73%	0.52%	0.33%	0.59%	0.55%
TSWE.L VanEck World Equal Weight Screened UCITS ETF	1.81%	1.89%	2.28%	2.15%	2.33%	4.41%	7.06%	9.31%	2.86%	2.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSWE.L and QUID.L in my portfolio?

TSWE.L and QUID.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TSWE.L and QUID.L?

TSWE.L tracks VanEck World Equal Weight Screened UCITS ETF, while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF. They also come from different issuers: VanEck and PIMCO.