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XDEQ.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDEQ.L vs. IWVL.L

Last updated Jun 5, 2026

XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - XDEQ.L tracks the MSCI ACWI NR USD while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, XDEQ.L returned 13.78%/yr vs 13.70%/yr for IWVL.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

XDEQ.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDEQ.L is traded in GBp, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDEQ.L achieves a 8.63% return, which is significantly lower than IWVL.L's 34.80% return. Both investments have delivered pretty close results over the past 10 years, with XDEQ.L having a 13.78% annualized return and IWVL.L not far behind at 13.70%.

XDEQ.L

1D
0.92%
1M
3.13%
YTD
8.63%
6M
8.62%
1Y
22.22%
3Y*
15.29%
5Y*
11.55%
10Y*
13.78%

IWVL.L

1D
-0.68%
1M
11.30%
YTD
34.80%
6M
37.14%
1Y
67.86%
3Y*
27.07%
5Y*
17.53%
10Y*
13.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEQ.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDEQ.L
Xtrackers MSCI World Quality Factor UCITS ETF 1C		8.63%7.52%18.91%19.22%-9.44%24.28%11.14%30.48%-5.16%12.25%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		34.80%30.41%6.96%13.56%0.94%21.25%-6.50%13.64%-8.94%12.00%

Correlation

The correlation between XDEQ.L and IWVL.L is 0.64, 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

0.64

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

0.62

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

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2014

0.49

The correlation between XDEQ.L and IWVL.L shifts across timeframes, from 0.49 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.

XDEQ.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
XDEQ.L
IWVL.L

Technology

30.4%
33.9%

Financial Services

14.7%
14.8%

Industrials

10.1%
11.3%

Healthcare

9.2%
8.8%

Communication Services

9.1%
7.6%

Consumer Cyclical

8.9%
7.9%

Consumer Defensive

5.3%
4.5%

Energy

4.6%
3.8%

Basic Materials

3.2%
3.0%

Utilities

2.7%
2.5%

Real Estate

1.7%
1.8%

Technology

XDEQ.L
30.4%
IWVL.L
33.9%

Financial Services

XDEQ.L
14.7%
IWVL.L
14.8%

Industrials

XDEQ.L
10.1%
IWVL.L
11.3%

Healthcare

XDEQ.L
9.2%
IWVL.L
8.8%

Communication Services

XDEQ.L
9.1%
IWVL.L
7.6%

Consumer Cyclical

XDEQ.L
8.9%
IWVL.L
7.9%

Consumer Defensive

XDEQ.L
5.3%
IWVL.L
4.5%

Energy

XDEQ.L
4.6%
IWVL.L
3.8%

Basic Materials

XDEQ.L
3.2%
IWVL.L
3.0%

Utilities

XDEQ.L
2.7%
IWVL.L
2.5%

Real Estate

XDEQ.L
1.7%
IWVL.L
1.8%

Compare stocks, funds, or ETFs

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Xtrackers MSCI World Quality Factor UCITS ETF 1C

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

Often compared with XDEQ.L:
XDEQ.L vs. IWQU.LXDEQ.L vs. VWCE.DEXDEQ.L vs. SWDA.LXDEQ.L vs. SPYXDEQ.L vs. XDEV.LXDEQ.L vs. GGRG.LXDEQ.L vs. HSJP.L
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

XDEQ.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDEQ.L
XDEQ.L Risk / Return Rank: 7070
Overall Rank
XDEQ.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XDEQ.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
XDEQ.L Omega Ratio Rank: 7373
Omega Ratio Rank
XDEQ.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
XDEQ.L Martin Ratio Rank: 7272
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
Martin Ratio Rank
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.

XDEQ.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

XDEQ.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
4.57

-2.31

Sortino ratioReturn per unit of downside risk
3.17
6.11

-2.94

Omega ratioGain probability vs. loss probability

1.43

1.85

-0.43

Calmar ratioReturn relative to maximum drawdown

3.21

8.64

-5.43

Martin ratioReturn relative to average drawdown

13.32

36.13

-22.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDEQ.L vs. IWVL.L - Sharpe Ratio Comparison

The current XDEQ.L Sharpe Ratio is 2.26, which is lower than the IWVL.L Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of XDEQ.L and IWVL.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.

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Sharpe Ratios by Period

XDEQ.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

4.57

-2.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

1.22

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

0.85

+0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

1.21

0.75

+0.45

Drawdowns

XDEQ.L vs. IWVL.L - Drawdown Comparison

The maximum XDEQ.L drawdown since its inception was -23.79%, smaller than the maximum IWVL.L drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for XDEQ.L and IWVL.L.

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Drawdown Indicators

XDEQ.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.79%

-28.56%

+4.77%

Max Drawdown (1Y)

Largest decline over 1 year

-6.90%

-7.82%

+0.92%

Max Drawdown (3Y)

Largest decline over 3 years

-17.96%

-14.14%

-3.82%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-14.14%

-3.82%

Max Drawdown (10Y)

Largest decline over 10 years

-23.79%

-28.56%

+4.77%

Current Drawdown

Current decline from peak

0.00%

-0.68%

+0.68%

Average Drawdown

Average peak-to-trough decline

-3.78%

-4.52%

+0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

1.87%

-0.20%

Volatility

XDEQ.L vs. IWVL.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) is 2.57%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.17%. This indicates that XDEQ.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDEQ.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

6.17%

-3.60%

Volatility (6M)

Calculated over the trailing 6-month period

7.12%

12.59%

-5.47%

Volatility (1Y)

Calculated over the trailing 1-year period

9.81%

14.78%

-4.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.37%

14.34%

-0.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

16.05%

+0.84%

XDEQ.L vs. IWVL.L - Expense Ratio Comparison

Both XDEQ.L and IWVL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDEQ.L vs. IWVL.L - Dividend Comparison

Neither XDEQ.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

XDEQ.L and IWVL.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XDEQ.L and IWVL.L have the same expense ratio: 0.25% per year.

XDEQ.L tracks MSCI ACWI NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Xtrackers and iShares.

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