OriginaveVUAA 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.
VUAAtracks the S&P 500 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
VUAA tracks the S&P 500 IndexIS3Q tracks the MSCI World Sector Neutral Quality Index
What did the last 5 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. Both funds are measured over the same 5 full years (2021–2025) — the longest stretch both were trading.
VUAA 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 | VUAA | IS3Q | Winner |
|---|---|---|---|
| 2026 (so far) | +12.01% | +12.44% | IS3Q |
| 2025 | +4.28% | +2.80% | VUAA |
| 2024 | +33.65% | +23.78% | VUAA |
| 2023 | +22.10% | +21.70% | VUAA |
| 2022 | -14.58% | -14.84% | VUAA |
| 2021 | +42.09% | +34.28% | VUAA |
| 2020 | — | +4.44% | — |
| 2019 | — | +33.90% | — |
| 2018 | — | -3.45% | — |
| 2017 | — | +8.34% | — |
| 2016 | — | +7.85% | — |
| 2015 | — | +14.52% | — |
| 2014 | — | -14.79% | — |
VUAA vs IS3Q in plain words
VUAA tracks the S&P 500 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. VUAA charges 0.07% a year in running costs and IS3Q charges 0.25% — VUAA 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 6 calendar years both funds were trading, VUAA finished the year ahead 5 times and IS3Q 1 times. €10,000 invested at the start of 2021 was worth €20,655 in VUAA versus €17,711 in IS3Q by the end of 2025, dividends reinvested.
VUAA also trades in USD on the London Stock Exchange, where VUAG is its GBP line, ISIN IE00BFMXXD54 — VUSA is its distributing sibling. This page follows the EUR line.
IWQU is the London (USD) listing of the same fund, ISIN IE00BP3QZ601 — IS3Q is its EUR line on Xetra.
Fund facts: VUAA vs IS3Q
| Fact | VUAA | IS3Q |
|---|---|---|
| Fund | Vanguard S&P 500 UCITS ETF (Acc) | iShares Edge MSCI World Quality Factor UCITS ETF |
| Tracks | S&P 500 Index | MSCI World Sector Neutral Quality Index |
| Yearly cost (TER) | 0.07% | 0.25% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 14 May 2019 | 3 Oct 2014 |
| ISIN | IE00BFMXXD54 | IE00BP3QZ601 |
| WKN | A2PFN2 | A12ATE |
| Also trades as | — | IWQU |
Frequently asked
Is VUAA or IS3Q better?
Across the 6 calendar years both funds were trading, VUAA finished the year ahead 5 times and IS3Q 1 times. €10,000 invested at the start of 2021 was worth €20,655 in VUAA versus €17,711 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 VUAA and IS3Q?
VUAA tracks the S&P 500 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. VUAA charges 0.07% a year in running costs and IS3Q charges 0.25% — VUAA 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 VUAA have become?
€10,000 invested in VUAA at the start of 2021 grew to €20,655 by the end of 2025, with dividends reinvested — an average of 15.6% 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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