OriginaveVHVG vs IWFQ: 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 pounds — what you'd actually pocket buying on the London Stock Exchange. Fund fact sheets usually headline returns in US dollars, which can look very different in years when the pound moves against the dollar. Here's the full story, year by year.
VHVGtracks the FTSE Developed World Index
CSP1iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index- SSACiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VWRPVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- VHVGVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SWDAiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- CNX1iShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VHYLVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IWFViShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IWFMiShares Edge MSCI World Momentum Factor UCITS ETF (Acc)tracks the MSCI World Momentum Index
- IWFQiShares Edge MSCI World Quality Factor UCITS ETF (Acc)tracks the MSCI World Sector Neutral Quality Index
IWFQtracks the MSCI World Sector Neutral Quality Index
- CSP1iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- SSACiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VWRPVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- VHVGVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SWDAiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- CNX1iShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VHYLVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IWFViShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IWFMiShares Edge MSCI World Momentum Factor UCITS ETF (Acc)tracks the MSCI World Momentum Index
- IWFQiShares Edge MSCI World Quality Factor UCITS ETF (Acc)tracks the MSCI World Sector Neutral Quality Index
VHVG tracks the FTSE Developed World IndexIWFQ tracks the MSCI World Sector Neutral Quality Index
What did the last 6 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 6 full years (2020–2025) — the longest stretch both were trading.
VHVG vs IWFQ, 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 | VHVG | IWFQ | Winner |
|---|---|---|---|
| 2026 (so far) | +12.47% | +11.18% | VHVG |
| 2025 | +13.85% | +7.40% | VHVG |
| 2024 | +19.99% | +18.93% | VHVG |
| 2023 | +17.54% | +19.15% | IWFQ |
| 2022 | -8.16% | -9.55% | VHVG |
| 2021 | +22.64% | +25.17% | IWFQ |
| 2020 | +12.56% | +10.93% | VHVG |
| 2019 | -17.91% | +25.86% | IWFQ |
| 2018 | — | -2.34% | — |
| 2017 | — | +12.47% | — |
| 2016 | — | +26.01% | — |
| 2015 | — | +7.50% | — |
| 2014 | — | -33.59% | — |
VHVG vs IWFQ in plain words
VHVG tracks the FTSE Developed World Index while IWFQ follows the MSCI World Sector Neutral Quality Index, so they own different slices of the market and their years can look very different. VHVG charges 0.12% a year in running costs and IWFQ charges 0.25% — VHVG 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 8 calendar years both funds were trading, VHVG finished the year ahead 5 times and IWFQ 3 times. £10,000 invested at the start of 2020 was worth £20,355 in VHVG versus £19,114 in IWFQ by the end of 2025, dividends reinvested.
VHVE is the London (USD) listing and VGVF the Xetra (EUR) line of the same fund, ISIN IE00BK5BQV03 — VHVG is its GBP line on the London Stock Exchange.
IWQU is the London (USD) listing and IS3Q the Xetra (EUR) line of the same fund, ISIN IE00BP3QZ601 — IWFQ is its GBP line on the London Stock Exchange.
Fund facts: VHVG vs IWFQ
| Fact | VHVG | IWFQ |
|---|---|---|
| Fund | Vanguard FTSE Developed World UCITS ETF (Acc) | iShares Edge MSCI World Quality Factor UCITS ETF (Acc) |
| Tracks | FTSE Developed World Index | MSCI World Sector Neutral Quality Index |
| Yearly cost (TER) | 0.12% | 0.25% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 24 Sept 2019 | 3 Oct 2014 |
| ISIN | IE00BK5BQV03 | IE00BP3QZ601 |
Frequently asked
Is VHVG or IWFQ better?
Across the 8 calendar years both funds were trading, VHVG finished the year ahead 5 times and IWFQ 3 times. £10,000 invested at the start of 2020 was worth £20,355 in VHVG versus £19,114 in IWFQ 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 VHVG and IWFQ?
VHVG tracks the FTSE Developed World Index while IWFQ follows the MSCI World Sector Neutral Quality Index, so they own different slices of the market and their years can look very different. VHVG charges 0.12% a year in running costs and IWFQ charges 0.25% — VHVG 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 VHVG have become?
£10,000 invested in VHVG at the start of 2020 grew to £20,355 by the end of 2025, with dividends reinvested — an average of 12.6% per year.
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