XWQS.L vs. IWDA.AS

Last updated Jun 5, 2026

XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - XWQS.L is a ESG fund tracking the MSCI World Quality Low Carbon SRI Screened Select Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past year, XWQS.L returned 27.33% vs 27.14% for IWDA.AS. Their correlation of 0.87 suggests significant overlap in exposure. XWQS.L charges 0.25%/yr vs 0.20%/yr for IWDA.AS.

Performance

XWQS.L vs. IWDA.AS - Performance Comparison

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

Different Trading Currencies

XWQS.L is traded in GBP, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS 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 lower than IWDA.AS's 10.25% return.

XWQS.L

• 1D: 0.98%
• 1M: 4.52%
• YTD: 9.17%
• 6M: 10.62%
• 1Y: 27.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWDA.AS

• 1D: 0.09%
• 1M: 5.02%
• YTD: 10.25%
• 6M: 10.24%
• 1Y: 27.14%
• 3Y*: 17.70%
• 5Y*: 13.05%
• 10Y*: 13.91%

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

XWQS.L vs. IWDA.AS - 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%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	10.25%	12.81%	21.44%	7.31%

Correlation

The correlation between XWQS.L and IWDA.AS is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023	0.87

The correlation between XWQS.L and IWDA.AS has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

XWQS.L vs. IWDA.AS — Risk / Return Rank

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

XWQS.L

XWQS.L Risk / Return Rank: 77
XWQS.L Sharpe Ratio Rank: 78
XWQS.L Sortino Ratio Rank: 81
XWQS.L Omega Ratio Rank: 78
XWQS.L Calmar Ratio Rank: 71
XWQS.L Martin Ratio Rank: 76

IWDA.AS

IWDA.AS Risk / Return Rank: 71
IWDA.AS Sharpe Ratio Rank: 66
IWDA.AS Sortino Ratio Rank: 67
IWDA.AS Omega Ratio Rank: 69
IWDA.AS Calmar Ratio Rank: 74
IWDA.AS Martin Ratio Rank: 77

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.

XWQS.L vs. IWDA.AS - 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 MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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	IWDA.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.57	-0.09
Sortino ratio: Return per unit of downside risk	3.55	3.58	-0.04
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.03
Calmar ratio: Return relative to maximum drawdown	3.48	4.15	-0.67
Martin ratio: Return relative to average drawdown	14.34	16.17	-1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWQS.L vs. IWDA.AS - Sharpe Ratio Comparison

The current XWQS.L Sharpe Ratio is 2.48, which is comparable to the IWDA.AS Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XWQS.L and IWDA.AS, 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

	XWQS.L	IWDA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.57	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.81	-0.37

Drawdowns

XWQS.L vs. IWDA.AS - Drawdown Comparison

The maximum XWQS.L drawdown since its inception was -23.95%, smaller than the maximum IWDA.AS drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for XWQS.L and IWDA.AS.

Drawdown Indicators

	XWQS.L	IWDA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-26.21%	+2.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-6.46%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.21%	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-7.12%	-3.57%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.67%	+0.23%

Volatility

XWQS.L vs. IWDA.AS - Volatility Comparison

Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) has a higher volatility of 2.97% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.82%. This indicates that XWQS.L's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWQS.L	IWDA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.82%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	7.45%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	10.40%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	13.65%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	14.83%	+3.78%

XWQS.L vs. IWDA.AS - Expense Ratio Comparison

XWQS.L has a 0.25% expense ratio, which is higher than IWDA.AS'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. IWDA.AS - Dividend Comparison

Neither XWQS.L nor IWDA.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XWQS.L and IWDA.AS in my portfolio?

XWQS.L and IWDA.AS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XWQS.L or IWDA.AS?

On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XWQS.L or IWDA.AS?

IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for XWQS.L.

What is the main difference between XWQS.L and IWDA.AS?

XWQS.L is categorized as ESG, while IWDA.AS is Global Equities. XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index, while IWDA.AS tracks MSCI World Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWQS.L and 0.20% for IWDA.AS.