WQDA.AS vs. IWMO.L

Last updated Jun 5, 2026

WQDA.AS (iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc) and IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) are both exchange-traded funds - WQDA.AS is a Dividend fund tracking the MSCI World High Dividend Yield Advanced Select Index, while IWMO.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, WQDA.AS returned 11.93%/yr vs 13.62%/yr for IWMO.L. A 0.69 correlation means they provide meaningful diversification when combined. WQDA.AS charges 0.38%/yr vs 0.25%/yr for IWMO.L.

Performance

WQDA.AS vs. IWMO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc (WQDA.AS) and iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WQDA.AS achieves a 14.41% return, which is significantly lower than IWMO.L's 21.89% return.

WQDA.AS

• 1D: 0.23%
• 1M: 6.44%
• YTD: 14.41%
• 6M: 15.98%
• 1Y: 31.03%
• 3Y*: 19.49%
• 5Y*: 11.93%
• 10Y*: —

IWMO.L

• 1D: -0.78%
• 1M: 7.92%
• YTD: 21.89%
• 6M: 23.38%
• 1Y: 33.87%
• 3Y*: 29.58%
• 5Y*: 13.62%
• 10Y*: 15.58%

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

WQDA.AS vs. IWMO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WQDA.AS iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc	14.41%	24.48%	10.10%	17.19%	-7.37%	15.74%	10.74%
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)	21.89%	21.04%	30.50%	11.96%	-17.97%	14.13%	13.52%

Correlation

The correlation between WQDA.AS and IWMO.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020	0.69

The correlation between WQDA.AS and IWMO.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

WQDA.AS vs. IWMO.L — Risk / Return Rank

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

WQDA.AS

WQDA.AS Risk / Return Rank: 80
WQDA.AS Sharpe Ratio Rank: 80
WQDA.AS Sortino Ratio Rank: 85
WQDA.AS Omega Ratio Rank: 79
WQDA.AS Calmar Ratio Rank: 80
WQDA.AS Martin Ratio Rank: 78

IWMO.L

IWMO.L Risk / Return Rank: 60
IWMO.L Sharpe Ratio Rank: 55
IWMO.L Sortino Ratio Rank: 61
IWMO.L Omega Ratio Rank: 56
IWMO.L Calmar Ratio Rank: 60
IWMO.L Martin Ratio Rank: 69

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.

WQDA.AS vs. IWMO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc (WQDA.AS) and iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.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.

	WQDA.AS	IWMO.L	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.85	+0.71
Sortino ratio: Return per unit of downside risk	3.75	2.81	+0.94
Omega ratio: Gain probability vs. loss probability	1.46	1.34	+0.12
Calmar ratio: Return relative to maximum drawdown	4.05	2.90	+1.15
Martin ratio: Return relative to average drawdown	14.71	12.73	+1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WQDA.AS vs. IWMO.L - Sharpe Ratio Comparison

The current WQDA.AS Sharpe Ratio is 2.56, which is higher than the IWMO.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of WQDA.AS and IWMO.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.

Sharpe Ratios by Period

	WQDA.AS	IWMO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	1.85	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.74	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.80	+0.26

Drawdowns

WQDA.AS vs. IWMO.L - Drawdown Comparison

The maximum WQDA.AS drawdown since its inception was -21.23%, smaller than the maximum IWMO.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for WQDA.AS and IWMO.L.

Drawdown Indicators

	WQDA.AS	IWMO.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.23%	-31.52%	+10.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-11.61%	+4.05%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-19.40%	+5.51%
Max Drawdown (5Y) Largest decline over 5 years	-21.23%	-29.63%	+8.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.52%	—
Current Drawdown Current decline from peak	-0.23%	-0.78%	+0.55%
Average Drawdown Average peak-to-trough decline	-3.49%	-6.03%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.65%	-0.56%

Volatility

WQDA.AS vs. IWMO.L - Volatility Comparison

The current volatility for iShares MSCI World Quality Dividend Advanced UCITS ETF USD Acc (WQDA.AS) is 3.63%, while iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) has a volatility of 6.56%. This indicates that WQDA.AS experiences smaller price fluctuations and is considered to be less risky than IWMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WQDA.AS	IWMO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	6.56%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	15.84%	-6.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	18.21%	-6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	18.50%	-4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.48%	18.01%	-3.53%

WQDA.AS vs. IWMO.L - Expense Ratio Comparison

WQDA.AS has a 0.38% expense ratio, which is higher than IWMO.L's 0.25% expense ratio.

Dividends

WQDA.AS vs. IWMO.L - Dividend Comparison

Neither WQDA.AS nor IWMO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WQDA.AS and IWMO.L in my portfolio?

WQDA.AS and IWMO.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WQDA.AS or IWMO.L?

On fees, IWMO.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WQDA.AS or IWMO.L?

IWMO.L is cheaper with a 0.25% expense ratio, compared with 0.38% for WQDA.AS.

What is the main difference between WQDA.AS and IWMO.L?

WQDA.AS is categorized as Dividend, while IWMO.L is Momentum. WQDA.AS tracks MSCI World High Dividend Yield Advanced Select Index, while IWMO.L tracks MSCI World Momentum Index. Their fees differ too: 0.38% for WQDA.AS and 0.25% for IWMO.L.