WQDV.L vs. EXCS.L

Last updated Jul 16, 2026

WQDV.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) and EXCS.L (iShares MSCI EM ex-China UCITS ETF USD (Acc)) are both exchange-traded funds - WQDV.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index, while EXCS.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, WQDV.L returned 18.44%/yr vs 24.27%/yr for EXCS.L. A 0.63 correlation means they provide meaningful diversification when combined. WQDV.L charges 0.38%/yr vs 0.18%/yr for EXCS.L.

Performance

WQDV.L vs. EXCS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) and iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, WQDV.L achieves a 15.40% return, which is significantly lower than EXCS.L's 31.24% return.

WQDV.L

• 1D: -0.21%
• 1M: -0.00%
• 6M: 13.77%
• YTD: 15.40%
• 1Y: 29.00%
• 3Y*: 18.44%
• 5Y*: 12.21%
• 10Y*: —

EXCS.L

• 1D: -0.63%
• 1M: -6.99%
• 6M: 24.86%
• YTD: 31.24%
• 1Y: 53.10%
• 3Y*: 24.27%
• 5Y*: —
• 10Y*: —

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

WQDV.L vs. EXCS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	15.40%	24.16%	9.75%	17.23%	-6.95%	3.99%
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc)	31.24%	35.75%	3.67%	16.90%	-18.20%	-24.55%

Correlation

The correlation between WQDV.L and EXCS.L is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.63

The correlation between WQDV.L and EXCS.L has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

WQDV.L vs. EXCS.L - Sectors Allocation Comparison

Sectors	WQDV.L	EXCS.L
Technology	37.3%	53.4%
Financial Services	16.0%	18.0%
Healthcare	13.5%	1.9%
Industrials	9.5%	6.5%
Consumer Cyclical	5.9%	3.8%
Communication Services	5.5%	2.9%
Consumer Defensive	4.1%	2.4%
Energy	3.2%	3.1%
Utilities	2.9%	1.8%
Real Estate	1.1%	0.8%
Basic Materials	1.0%	5.5%

Return for Risk

WQDV.L vs. EXCS.L — Risk / Return Rank

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

WQDV.L

WQDV.L Risk / Return Rank: 88
WQDV.L Sharpe Ratio Rank: 90
WQDV.L Sortino Ratio Rank: 92
WQDV.L Omega Ratio Rank: 88
WQDV.L Calmar Ratio Rank: 85
WQDV.L Martin Ratio Rank: 85

EXCS.L

EXCS.L Risk / Return Rank: 85
EXCS.L Sharpe Ratio Rank: 87
EXCS.L Sortino Ratio Rank: 81
EXCS.L Omega Ratio Rank: 86
EXCS.L Calmar Ratio Rank: 89
EXCS.L Martin Ratio Rank: 83

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) and iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.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.

	WQDV.L	EXCS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.20	+0.22
Sortino ratio: Return per unit of downside risk	3.60	2.79	+0.80
Omega ratio: Gain probability vs. loss probability	1.44	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.71	3.77	-0.06
Martin ratio: Return relative to average drawdown	13.72	12.33	+1.39

WQDV.L vs. EXCS.L - Sharpe Ratio Comparison

The current WQDV.L Sharpe Ratio is 2.42, which is comparable to the EXCS.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of WQDV.L and EXCS.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

WQDV.L vs. EXCS.L - Drawdown Comparison

The maximum WQDV.L drawdown since its inception was -33.16%, smaller than the maximum EXCS.L drawdown of -44.14%. Use the drawdown chart below to compare losses from any high point for WQDV.L and EXCS.L.

Drawdown Indicators

	WQDV.L	EXCS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.16%	-44.14%	+10.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	-14.02%	+6.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-19.69%	+5.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.24%	—	—
Current Drawdown Current decline from peak	-0.52%	-10.26%	+9.74%
Average Drawdown Average peak-to-trough decline	-4.24%	-23.96%	+19.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	4.29%	-2.18%

Volatility

WQDV.L vs. EXCS.L - Volatility Comparison

The current volatility for iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) is 3.00%, while iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) has a volatility of 10.64%. This indicates that WQDV.L experiences smaller price fluctuations and is considered to be less risky than EXCS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WQDV.L	EXCS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	10.64%	-7.64%
Volatility (6M) Calculated over the trailing 6-month period	9.64%	22.02%	-12.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	24.03%	-12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	26.06%	-12.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	26.06%	-11.43%

WQDV.L vs. EXCS.L - Expense Ratio Comparison

WQDV.L has a 0.38% expense ratio, which is higher than EXCS.L's 0.18% expense ratio.

Dividends

WQDV.L vs. EXCS.L - Dividend Comparison

WQDV.L's dividend yield for the trailing twelve months is around 2.14%, while EXCS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	2.14%	2.31%	2.58%	2.78%	2.95%	2.75%	2.81%	3.01%	3.28%	0.77%

Frequently Asked Questions

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

WQDV.L and EXCS.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WQDV.L or EXCS.L?

On fees, EXCS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WQDV.L or EXCS.L?

EXCS.L is cheaper with a 0.18% expense ratio, compared with 0.38% for WQDV.L.

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

WQDV.L is categorized as Global Equities, while EXCS.L is Emerging Markets Equities. WQDV.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index, while EXCS.L tracks MSCI EM NR USD. Their fees differ too: 0.38% for WQDV.L and 0.18% for EXCS.L.