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SPYY 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.

Fund A
State Street logoSPYY
Fund B
iShares logoIS3Q

SPYY tracks the MSCI ACWI 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.

SPYY turned it into
€28,198
+10.92% per year on average · 2016–2025
IS3Q turned it into
€27,943
+10.82% per year on average · 2016–2025
Difference
+€255
SPYY made more of the same money

SPYY 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.

Years compared
13
where both funds were trading
SPYY won
8
years
IS3Q won
5
years
YearSPYYIS3QWinner
2026 (so far)+13.67%+12.44%SPYY
2025+9.46%+2.80%SPYY
2024+24.56%+23.78%SPYY
2023+18.22%+21.70%IS3Q
2022-13.76%-14.84%SPYY
2021+29.02%+34.28%IS3Q
2020+5.12%+4.44%SPYY
2019+30.21%+33.90%IS3Q
2018-6.02%-3.45%IS3Q
2017+8.80%+8.34%SPYY
2016+12.34%+7.85%SPYY
2015+8.88%+14.52%IS3Q
2014+18.80%-14.79%SPYY
2013+17.52%——
2012+9.67%——

SPYY vs IS3Q in plain words

SPYY tracks the MSCI ACWI 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. SPYY charges 0.12% a year in running costs and IS3Q charges 0.25% — SPYY is the cheaper fund to hold.

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, SPYY finished the year ahead 8 times and IS3Q 5 times. €10,000 invested at the start of 2016 was worth €28,198 in SPYY versus €27,943 in IS3Q by the end of 2025, dividends reinvested.

IWQU is the London (USD) listing of the same fund, ISIN IE00BP3QZ601 — IS3Q is its EUR line on Xetra.

Fund facts: SPYY vs IS3Q

FactSPYYIS3Q
FundSPDR MSCI ACWI UCITS ETF (Acc)iShares Edge MSCI World Quality Factor UCITS ETF
TracksMSCI ACWI IndexMSCI World Sector Neutral Quality Index
Yearly cost (TER)0.12%0.25%
DividendsAccumulating — dividends reinvestedAccumulating — dividends reinvested
Launched13 May 20113 Oct 2014
ISINIE00B44Z5B48IE00BP3QZ601
WKNA1JJTCA12ATE
Also trades as—IWQU

Frequently asked

Is SPYY or IS3Q better?

Across the 13 calendar years both funds were trading, SPYY finished the year ahead 8 times and IS3Q 5 times. €10,000 invested at the start of 2016 was worth €28,198 in SPYY 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 SPYY and IS3Q?

SPYY tracks the MSCI ACWI 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. SPYY charges 0.12% a year in running costs and IS3Q charges 0.25% — SPYY is the cheaper fund to hold. 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 SPYY have become?

€10,000 invested in SPYY at the start of 2016 grew to €28,198 by the end of 2025, with dividends reinvested — an average of 10.9% per year.

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.

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