OriginaveIS3S (IWVL) vs IS3Q (IWQU): which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
IS3Stracks the MSCI World Enhanced Value Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
IS3Qtracks the MSCI World Sector Neutral Quality Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
IS3S tracks the MSCI World Enhanced Value IndexIS3Q tracks the MSCI World Sector Neutral Quality Index
What did the last 10 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted.
IS3S vs IS3Q, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | IS3S | IS3Q | Winner |
|---|---|---|---|
| 2026 (so far) | +35.21% | +12.44% | IS3S |
| 2025 | +25.13% | +2.80% | IS3S |
| 2024 | +11.36% | +23.78% | IS3Q |
| 2023 | +15.62% | +21.70% | IS3Q |
| 2022 | -4.81% | -14.84% | IS3S |
| 2021 | +30.38% | +34.28% | IS3Q |
| 2020 | -12.53% | +4.44% | IS3Q |
| 2019 | +22.01% | +33.90% | IS3Q |
| 2018 | -10.34% | -3.45% | IS3Q |
| 2017 | +7.66% | +8.34% | IS3Q |
| 2016 | +11.24% | +7.85% | IS3S |
| 2015 | +8.31% | +14.52% | IS3Q |
| 2014 | -16.73% | -14.79% | IS3Q |
IS3S vs IS3Q in plain words
IS3S tracks the MSCI World Enhanced Value Index while IS3Q follows the MSCI World Sector Neutral Quality Index, so they own different slices of the market and their years can look very different. Both funds charge 0.25% a year in running costs.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 13 calendar years both funds were trading, IS3S finished the year ahead 4 times and IS3Q 9 times. €10,000 invested at the start of 2016 was worth €22,917 in IS3S versus €27,943 in IS3Q by the end of 2025, dividends reinvested.
IWVL is the London (USD) listing of the same fund, ISIN IE00BP3QZB59 — IS3S is its EUR line on Xetra.
IWQU is the London (USD) listing of the same fund, ISIN IE00BP3QZ601 — IS3Q is its EUR line on Xetra.
Fund facts: IS3S vs IS3Q
| Fact | IS3S | IS3Q |
|---|---|---|
| Fund | iShares Edge MSCI World Value Factor UCITS ETF | iShares Edge MSCI World Quality Factor UCITS ETF |
| Tracks | MSCI World Enhanced Value Index | MSCI World Sector Neutral Quality Index |
| Yearly cost (TER) | 0.25% | 0.25% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 3 Oct 2014 | 3 Oct 2014 |
| ISIN | IE00BP3QZB59 | IE00BP3QZ601 |
| WKN | A12ATG | A12ATE |
| Also trades as | IWVL | IWQU |
Frequently asked
Is IS3S or IS3Q better?
Across the 13 calendar years both funds were trading, IS3S finished the year ahead 4 times and IS3Q 9 times. €10,000 invested at the start of 2016 was worth €22,917 in IS3S versus €27,943 in IS3Q by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between IS3S and IS3Q?
IS3S tracks the MSCI World Enhanced Value Index while IS3Q follows the MSCI World Sector Neutral Quality Index, so they own different slices of the market and their years can look very different. Both funds charge 0.25% a year in running costs. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
What would €10,000 in IS3S have become?
€10,000 invested in IS3S at the start of 2016 grew to €22,917 by the end of 2025, with dividends reinvested — an average of 8.6% per year.
Is IWVL the same as IS3S?
IWVL is the London (USD) listing of the same fund, ISIN IE00BP3QZB59 — IS3S is its EUR line on Xetra.
Is IWQU the same as IS3Q?
IWQU is the London (USD) listing of the same fund, ISIN IE00BP3QZ601 — IS3Q is its EUR line on Xetra.
Related comparisons
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