PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WQDV.L vs. SPAXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WQDV.L vs. SPAXX

Last updated Jun 21, 2026

WQDV.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) and SPAXX (Fidelity Government Money Market Fund) are both funds - WQDV.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index, while SPAXX is a Money Market fund actively managed by Fidelity. WQDV.L is passively managed, while SPAXX is actively managed. Over the past 5 years, WQDV.L returned 12.29%/yr vs 1.45%/yr for SPAXX. At a correlation of -0.03, they often move in opposite directions. WQDV.L charges 0.38%/yr vs 0.42%/yr for SPAXX.

Performance

WQDV.L vs. SPAXX - 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 Fidelity Government Money Market Fund (SPAXX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WQDV.L achieves a 13.76% return, which is significantly higher than SPAXX's 1.37% return.

WQDV.L

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

SPAXX

1D
0.00%
1M
0.28%
YTD
1.37%
6M
1.67%
1Y
3.66%
3Y*
2.42%
5Y*
1.45%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WQDV.L vs. SPAXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WQDV.L
iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)		13.76%24.16%9.75%17.23%-6.95%2.69%
SPAXX
Fidelity Government Money Market Fund		1.37%3.96%1.54%0.41%0.00%0.00%

Correlation

The correlation between WQDV.L and SPAXX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.06

Correlation (3Y)
Calculated over the trailing 3-year period

-0.05

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

-0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)

Fidelity Government Money Market Fund

Often compared with WQDV.L:
WQDV.L vs. VHYD.LWQDV.L vs. IQQ0.DEWQDV.L vs. SCHDWQDV.L vs. HDVWQDV.L vs. IMID.LWQDV.L vs. QDVX.DEWQDV.L vs. VIG
Often compared with SPAXX:
SPAXX vs. SGOVSPAXX vs. VMFXXSPAXX vs. SNSXXSPAXX vs. SWVXXSPAXX vs. BILSPAXX vs. BNDSPAXX vs. TFLO

Return for Risk

WQDV.L vs. SPAXX — 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: 8484
Overall Rank
WQDV.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
WQDV.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
WQDV.L Omega Ratio Rank: 8383
Omega Ratio Rank
WQDV.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
WQDV.L Martin Ratio Rank: 8080
Martin Ratio Rank
SPAXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SPAXX - 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 Fidelity Government Money Market Fund (SPAXX). 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.LSPAXXDifference
Sharpe ratioReturn per unit of total volatility
2.63
3.65

-1.02

Sortino ratioReturn per unit of downside risk
3.90

—

—

Omega ratioGain probability vs. loss probability

1.47

—

—

Calmar ratioReturn relative to maximum drawdown

4.05

—

—

Martin ratioReturn relative to average drawdown

14.99

—

—

WQDV.L vs. SPAXX - Sharpe Ratio Comparison

The current WQDV.L Sharpe Ratio is 2.63, which is comparable to the SPAXX Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of WQDV.L and SPAXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

WQDV.L vs. SPAXX - Drawdown Comparison

The maximum WQDV.L drawdown since its inception was -33.16%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for WQDV.L and SPAXX.

Loading charts...

Drawdown Indicators

WQDV.LSPAXXDifference

Max Drawdown

Largest peak-to-trough decline

-33.16%

0.00%

-33.16%

Max Drawdown (1Y)

Largest decline over 1 year

-7.79%

0.00%

-7.79%

Max Drawdown (3Y)

Largest decline over 3 years

-14.03%

0.00%

-14.03%

Max Drawdown (5Y)

Largest decline over 5 years

-21.24%

0.00%

-21.24%

Current Drawdown

Current decline from peak

-1.05%

0.00%

-1.05%

Average Drawdown

Average peak-to-trough decline

-4.27%

0.00%

-4.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

0.00%

+2.11%

Volatility

WQDV.L vs. SPAXX - Volatility Comparison

iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) has a higher volatility of 3.61% compared to Fidelity Government Money Market Fund (SPAXX) at 0.28%. This indicates that WQDV.L's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WQDV.LSPAXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

0.28%

+3.33%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

0.66%

+8.73%

Volatility (1Y)

Calculated over the trailing 1-year period

12.08%

1.03%

+11.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.90%

0.69%

+13.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.66%

0.69%

+13.97%

WQDV.L vs. SPAXX - Expense Ratio Comparison

WQDV.L has a 0.38% expense ratio, which is lower than SPAXX's 0.42% expense ratio.

Dividends

WQDV.L vs. SPAXX - Dividend Comparison

WQDV.L's dividend yield for the trailing twelve months is around 1.81%, less than SPAXX's 3.59% yield.

PositionTTM202520242023202220212020201920182017
SPAXX
Fidelity Government Money Market Fund		3.59%3.88%1.53%0.41%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Frequently Asked Questions

WQDV.L and SPAXX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for WQDV.L and SPAXX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer