USMV vs. WQDV.L

Last updated Jun 21, 2026

USMV (iShares MSCI USA Min Vol Factor ETF) and WQDV.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while WQDV.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past 5 years, USMV returned 7.31%/yr vs 12.29%/yr for WQDV.L. At a 0.43 correlation, their price movements are largely independent. USMV charges 0.15%/yr vs 0.38%/yr for WQDV.L.

Performance

USMV vs. WQDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Min Vol Factor ETF (USMV) and iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USMV achieves a 0.81% return, which is significantly lower than WQDV.L's 13.76% return.

USMV

• 1D: -0.42%
• 1M: -2.42%
• YTD: 0.81%
• 6M: 0.85%
• 1Y: 4.23%
• 3Y*: 10.26%
• 5Y*: 7.31%
• 10Y*: 9.68%

WQDV.L

• 1D: 0.00%
• 1M: 1.40%
• YTD: 13.76%
• 6M: 14.45%
• 1Y: 31.16%
• 3Y*: 18.65%
• 5Y*: 12.29%
• 10Y*: —

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

USMV vs. WQDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USMV iShares MSCI USA Min Vol Factor ETF	0.81%	7.65%	15.74%	10.33%	-9.43%	20.85%	5.64%	27.69%	1.33%	8.29%
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	13.76%	24.16%	9.75%	17.23%	-6.95%	16.00%	-0.07%	22.73%	-7.80%	8.45%

Correlation

The correlation between USMV and WQDV.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017	0.43

USMV vs. WQDV.L - Sectors Allocation Comparison

Sectors	USMV	WQDV.L
Technology	33.9%	37.3%
Healthcare	12.6%	13.5%
Financial Services	11.7%	16.0%
Consumer Defensive	9.4%	4.1%
Utilities	6.9%	2.9%
Communication Services	6.2%	5.5%
Industrials	6.1%	9.5%
Consumer Cyclical	5.7%	5.9%
Energy	2.7%	3.2%
Real Estate	2.5%	1.1%
Basic Materials	2.4%	1.0%

Return for Risk

USMV vs. WQDV.L — Risk / Return Rank

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

USMV

USMV Risk / Return Rank: 16
USMV Sharpe Ratio Rank: 16
USMV Sortino Ratio Rank: 15
USMV Omega Ratio Rank: 14
USMV Calmar Ratio Rank: 17
USMV Martin Ratio Rank: 19

WQDV.L

WQDV.L Risk / Return Rank: 84
WQDV.L Sharpe Ratio Rank: 86
WQDV.L Sortino Ratio Rank: 89
WQDV.L Omega Ratio Rank: 83
WQDV.L Calmar Ratio Rank: 81
WQDV.L Martin Ratio Rank: 80

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.

USMV vs. WQDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.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.

	USMV	WQDV.L	Difference
Sharpe ratio: Return per unit of total volatility	0.50	2.63	-2.13
Sortino ratio: Return per unit of downside risk	0.75	3.90	-3.15
Omega ratio: Gain probability vs. loss probability	1.09	1.47	-0.39
Calmar ratio: Return relative to maximum drawdown	0.66	4.05	-3.39
Martin ratio: Return relative to average drawdown	2.18	14.99	-12.80

USMV vs. WQDV.L - Sharpe Ratio Comparison

The current USMV Sharpe Ratio is 0.50, which is lower than the WQDV.L Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of USMV and WQDV.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

USMV vs. WQDV.L - Drawdown Comparison

The maximum USMV drawdown since its inception was -33.10%, roughly equal to the maximum WQDV.L drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for USMV and WQDV.L.

Drawdown Indicators

	USMV	WQDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.10%	-33.16%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.46%	-7.79%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	-14.03%	+4.67%
Max Drawdown (5Y) Largest decline over 5 years	-17.93%	-21.24%	+3.31%
Max Drawdown (10Y) Largest decline over 10 years	-33.10%	—	—
Current Drawdown Current decline from peak	-2.95%	-1.05%	-1.90%
Average Drawdown Average peak-to-trough decline	-2.87%	-4.27%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.11%	-0.15%

Volatility

USMV vs. WQDV.L - Volatility Comparison

The current volatility for iShares MSCI USA Min Vol Factor ETF (USMV) is 2.62%, while iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) has a volatility of 3.61%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than WQDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USMV	WQDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	3.61%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	9.39%	-3.26%
Volatility (1Y) Calculated over the trailing 1-year period	8.60%	12.08%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.36%	13.90%	-1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	14.66%	-0.15%

USMV vs. WQDV.L - Expense Ratio Comparison

USMV has a 0.15% expense ratio, which is lower than WQDV.L's 0.38% expense ratio.

Dividends

USMV vs. WQDV.L - Dividend Comparison

USMV's dividend yield for the trailing twelve months is around 1.53%, less than WQDV.L's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USMV iShares MSCI USA Min Vol Factor ETF	1.53%	1.49%	1.67%	1.82%	1.62%	1.26%	1.81%	1.88%	2.12%	1.77%	2.22%	2.02%
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	1.81%	2.31%	2.58%	2.78%	2.95%	2.75%	2.81%	3.01%	3.28%	0.77%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USMV and WQDV.L in my portfolio?

USMV and WQDV.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USMV or WQDV.L?

On fees, USMV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USMV or WQDV.L?

USMV is cheaper with a 0.15% expense ratio, compared with 0.38% for WQDV.L.

What is the main difference between USMV and WQDV.L?

USMV is categorized as Large Cap Blend Equities, while WQDV.L is Global Equities. USMV tracks MSCI USA Minimum Volatility Index, while WQDV.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Their fees differ too: 0.15% for USMV and 0.38% for WQDV.L.