XWQS.L vs. IEAA.L
XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - XWQS.L is a ESG fund tracking the MSCI World Quality Low Carbon SRI Screened Select Index, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past year, XWQS.L returned 27.17% vs 4.72% for IEAA.L. At a 0.19 correlation, their price movements are largely independent. XWQS.L charges 0.25%/yr vs 0.20%/yr for IEAA.L.
Performance
XWQS.L vs. IEAA.L - Performance Comparison
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Different Trading Currencies
XWQS.L is traded in GBP, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWQS.L achieves a 9.17% return, which is significantly higher than IEAA.L's -0.18% return.
XWQS.L
- 1D
- 0.98%
- 1M
- 2.92%
- YTD
- 9.17%
- 6M
- 10.15%
- 1Y
- 27.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEAA.L
- 1D
- 0.25%
- 1M
- 1.01%
- YTD
- -0.18%
- 6M
- -0.54%
- 1Y
- 4.72%
- 3Y*
- 4.74%
- 5Y*
- 0.23%
- 10Y*
- —
XWQS.L vs. IEAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C | 9.17% | 9.12% | 20.95% | -12.78% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -0.22% | 8.62% | -0.44% | 7.55% |
Correlation
The correlation between XWQS.L and IEAA.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.19 |
The correlation between XWQS.L and IEAA.L shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XWQS.L vs. IEAA.L — Risk / Return Rank
XWQS.L
IEAA.L
XWQS.L vs. IEAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) and iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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.
| XWQS.L | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.17 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.25 | +2.23 |
| Martin ratioReturn relative to average drawdown | 14.34 | 3.22 | +11.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XWQS.L | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 0.96 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.09 | +0.34 |
Drawdowns
XWQS.L vs. IEAA.L - Drawdown Comparison
The maximum XWQS.L drawdown since its inception was -23.95%, which is greater than IEAA.L's maximum drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for XWQS.L and IEAA.L.
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Drawdown Indicators
| XWQS.L | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -21.43% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -3.75% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.98% | +5.98% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -8.94% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.46% | +0.44% |
Volatility
XWQS.L vs. IEAA.L - Volatility Comparison
Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) has a higher volatility of 2.97% compared to iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) at 1.67%. This indicates that XWQS.L's price experiences larger fluctuations and is considered to be riskier than IEAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XWQS.L | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 1.67% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 3.74% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 4.90% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 6.31% | +12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 6.91% | +11.70% |
XWQS.L vs. IEAA.L - Expense Ratio Comparison
XWQS.L has a 0.25% expense ratio, which is higher than IEAA.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XWQS.L vs. IEAA.L - Dividend Comparison
Neither XWQS.L nor IEAA.L has paid dividends to shareholders.
Frequently Asked Questions
XWQS.L and IEAA.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XWQS.L.
XWQS.L is categorized as ESG, while IEAA.L is European Corporate Bonds. XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index, while IEAA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWQS.L and 0.20% for IEAA.L.
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