VWRA.L vs. IWQU.L

Last updated Jun 14, 2026

VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both Global Equities funds - VWRA.L tracks the FTSE All-World Index while IWQU.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VWRA.L returned 10.91%/yr vs 10.27%/yr for IWQU.L. With a 0.96 correlation, they move nearly in lockstep. VWRA.L charges 0.22%/yr vs 0.30%/yr for IWQU.L.

Performance

VWRA.L vs. IWQU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and iShares MSCI World Quality Factor UCITS (IWQU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWRA.L achieves a 10.21% return, which is significantly higher than IWQU.L's 8.72% return.

VWRA.L

• 1D: 2.32%
• 1M: -0.01%
• YTD: 10.21%
• 6M: 11.90%
• 1Y: 26.42%
• 3Y*: 19.80%
• 5Y*: 10.91%
• 10Y*: —

IWQU.L

• 1D: 1.73%
• 1M: 1.38%
• YTD: 8.72%
• 6M: 9.99%
• 1Y: 21.34%
• 3Y*: 17.83%
• 5Y*: 10.27%
• 10Y*: 12.75%

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

VWRA.L vs. IWQU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	10.21%	22.45%	17.65%	22.28%	-18.11%	18.46%	16.19%	7.42%
IWQU.L iShares MSCI World Quality Factor UCITS	8.72%	15.28%	17.17%	25.90%	-19.26%	23.70%	14.95%	8.31%

Correlation

The correlation between VWRA.L and IWQU.L is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.96

The correlation between VWRA.L and IWQU.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

VWRA.L vs. IWQU.L - Sectors Allocation Comparison

Sectors	VWRA.L	IWQU.L
Technology	30.8%	31.2%
Financial Services	16.0%	14.7%
Industrials	9.9%	10.3%
Consumer Cyclical	9.1%	9.2%
Communication Services	9.0%	9.6%
Healthcare	8.1%	8.8%
Consumer Defensive	4.8%	4.8%
Energy	4.3%	3.9%
Basic Materials	3.4%	3.4%
Utilities	2.8%	2.5%
Real Estate	1.5%	1.7%

Return for Risk

VWRA.L vs. IWQU.L — Risk / Return Rank

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

VWRA.L

VWRA.L Risk / Return Rank: 73
VWRA.L Sharpe Ratio Rank: 72
VWRA.L Sortino Ratio Rank: 78
VWRA.L Omega Ratio Rank: 73
VWRA.L Calmar Ratio Rank: 67
VWRA.L Martin Ratio Rank: 73

IWQU.L

IWQU.L Risk / Return Rank: 62
IWQU.L Sharpe Ratio Rank: 60
IWQU.L Sortino Ratio Rank: 70
IWQU.L Omega Ratio Rank: 61
IWQU.L Calmar Ratio Rank: 54
IWQU.L Martin Ratio Rank: 63

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.

VWRA.L vs. IWQU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and iShares MSCI World Quality Factor UCITS (IWQU.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.

	VWRA.L	IWQU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.76	+0.25
Sortino ratio: Return per unit of downside risk	3.00	2.73	+0.27
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	2.91	2.39	+0.52
Martin ratio: Return relative to average drawdown	11.88	9.90	+1.98

VWRA.L vs. IWQU.L - Sharpe Ratio Comparison

The current VWRA.L Sharpe Ratio is 2.01, which is comparable to the IWQU.L Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of VWRA.L and IWQU.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

VWRA.L vs. IWQU.L - Drawdown Comparison

The maximum VWRA.L drawdown since its inception was -33.62%, roughly equal to the maximum IWQU.L drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for VWRA.L and IWQU.L.

Drawdown Indicators

	VWRA.L	IWQU.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.62%	-33.05%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-8.53%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.26%	-16.09%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-27.70%	+1.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.05%	—
Current Drawdown Current decline from peak	-1.98%	0.00%	-1.98%
Average Drawdown Average peak-to-trough decline	-5.36%	-4.58%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.06%	+0.10%

Volatility

VWRA.L vs. IWQU.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 4.38% compared to iShares MSCI World Quality Factor UCITS (IWQU.L) at 3.28%. This indicates that VWRA.L's price experiences larger fluctuations and is considered to be riskier than IWQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRA.L	IWQU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.28%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	9.11%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	11.61%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	15.61%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	15.76%	+1.49%

VWRA.L vs. IWQU.L - Expense Ratio Comparison

VWRA.L has a 0.22% expense ratio, which is lower than IWQU.L's 0.30% expense ratio.

Dividends

VWRA.L vs. IWQU.L - Dividend Comparison

Neither VWRA.L nor IWQU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VWRA.L and IWQU.L in my portfolio?

With a correlation of 0.94, VWRA.L and IWQU.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.

Which ETF is better, VWRA.L or IWQU.L?

On fees, VWRA.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRA.L or IWQU.L?

VWRA.L is cheaper with a 0.22% expense ratio, compared with 0.30% for IWQU.L.

What is the main difference between VWRA.L and IWQU.L?

VWRA.L tracks FTSE All-World Index, while IWQU.L tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VWRA.L and 0.30% for IWQU.L.