UQLT.L vs. FSWD.L
UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) and FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) are both exchange-traded funds - UQLT.L is a Large Cap Blend Equities fund tracking the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index, while FSWD.L is a Global Equities fund tracking the STOXX Developed World Equity Factor Screened Net Index. Both are passively managed. Over the past 10 years, UQLT.L returned 14.42%/yr vs 11.49%/yr for FSWD.L. A 0.71 correlation means they provide meaningful diversification when combined. UQLT.L charges 0.28%/yr vs 0.30%/yr for FSWD.L.
Performance
UQLT.L vs. FSWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, UQLT.L achieves a 10.15% return, which is significantly lower than FSWD.L's 12.10% return. Over the past 10 years, UQLT.L has outperformed FSWD.L with an annualized return of 14.42%, while FSWD.L has yielded a comparatively lower 11.49% annualized return.
UQLT.L
- 1D
- -0.84%
- 1M
- 0.58%
- 6M
- 8.77%
- YTD
- 10.15%
- 1Y
- 23.33%
- 3Y*
- 18.68%
- 5Y*
- 11.21%
- 10Y*
- 14.42%
FSWD.L
- 1D
- -0.82%
- 1M
- -0.61%
- 6M
- 10.73%
- YTD
- 12.10%
- 1Y
- 24.41%
- 3Y*
- 18.45%
- 5Y*
- 11.68%
- 10Y*
- 11.49%
UQLT.L vs. FSWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 10.15% | 17.64% | 20.58% | 33.76% | -25.29% | 27.69% | 19.02% | 34.52% | -6.09% | 23.49% |
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.10% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -7.35% | 15.20% |
Correlation
The correlation between UQLT.L and FSWD.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2016 | 0.71 |
The correlation between UQLT.L and FSWD.L has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
UQLT.L vs. FSWD.L — Risk / Return Rank
UQLT.L
FSWD.L
UQLT.L vs. FSWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) and iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.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.
| UQLT.L | FSWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 4.12 | -2.12 |
| Martin ratioReturn relative to average drawdown | 8.36 | 15.80 | -7.44 |
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Drawdowns
UQLT.L vs. FSWD.L - Drawdown Comparison
The maximum UQLT.L drawdown since its inception was -33.41%, smaller than the maximum FSWD.L drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for UQLT.L and FSWD.L.
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Drawdown Indicators
| UQLT.L | FSWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.41% | -37.43% | +4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -5.90% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.34% | -19.93% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -19.93% | -11.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -26.27% | -7.14% |
Current DrawdownCurrent decline from peak | -0.84% | -1.42% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -7.38% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.54% | +1.24% |
Volatility
UQLT.L vs. FSWD.L - Volatility Comparison
UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) has a higher volatility of 3.81% compared to iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) at 2.86%. This indicates that UQLT.L's price experiences larger fluctuations and is considered to be riskier than FSWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UQLT.L | FSWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 2.86% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 8.36% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 10.94% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 18.86% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.40% | +0.09% |
UQLT.L vs. FSWD.L - Expense Ratio Comparison
UQLT.L has a 0.28% expense ratio, which is lower than FSWD.L's 0.30% expense ratio.
Dividends
UQLT.L vs. FSWD.L - Dividend Comparison
UQLT.L's dividend yield for the trailing twelve months is around 0.22%, while FSWD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor 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% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 0.22% | 0.54% | 0.30% | 0.78% | 0.81% | 0.70% | 0.86% | 0.93% | 1.24% | 1.04% | 0.65% |
Frequently Asked Questions
UQLT.L and FSWD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQLT.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQLT.L is cheaper with a 0.28% expense ratio, compared with 0.30% for FSWD.L.
UQLT.L is categorized as Large Cap Blend Equities, while FSWD.L is Global Equities. UQLT.L tracks MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index, while FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.28% for UQLT.L and 0.30% for FSWD.L.
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