OriginaveIS3Q (IWQU) vs AVWC: 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.
IS3Q
- 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
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- 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
AvantisAVWC
- 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
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- 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
IS3Q tracks the MSCI World Sector Neutral Quality Index
What did the last 1 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 1 full years (2025–2025) — the longest stretch both were trading.
IS3Q vs AVWC, 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 | IS3Q | AVWC | Winner |
|---|---|---|---|
| 2026 (so far) | +15.60% | +18.31% | AVWC |
| 2025 | +2.80% | +9.08% | AVWC |
| 2024 | +23.78% | +2.94% | IS3Q |
| 2023 | +21.70% | — | — |
| 2022 | -14.84% | — | — |
| 2021 | +34.28% | — | — |
| 2020 | +4.44% | — | — |
| 2019 | +33.90% | — | — |
| 2018 | -3.45% | — | — |
| 2017 | +8.34% | — | — |
| 2016 | +7.85% | — | — |
| 2015 | +14.52% | — | — |
| 2014 | -14.79% | — | — |
IS3Q vs AVWC in plain words
IS3Q tracks the MSCI World Sector Neutral Quality Index while AVWC follows the Avantis Global Equity strategy, so they own different slices of the market and their years can look very different. IS3Q charges 0.25% a year in running costs and AVWC charges 0.22% — AVWC 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 3 calendar years both funds were trading, IS3Q finished the year ahead 1 times and AVWC 2 times. €10,000 invested at the start of 2025 was worth €10,280 in IS3Q versus €10,908 in AVWC 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.
Actively managed: it tilts a broad developed-market portfolio towards cheaper, more profitable and smaller companies rather than following an index, and measures itself against the MSCI World IMI.
Fund facts: IS3Q vs AVWC
| Fact | IS3Q | AVWC |
|---|---|---|
| Fund | iShares Edge MSCI World Quality Factor UCITS ETF | Avantis Global Equity UCITS ETF USD Acc |
| Tracks | MSCI World Sector Neutral Quality Index | Avantis Global Equity strategy |
| Yearly cost (TER) | 0.25% | 0.22% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 3 Oct 2014 | 25 Sept 2024 |
| ISIN | IE00BP3QZ601 | IE000RJECXS5 |
| WKN | A12ATE | A40GB8 |
| Also trades as | IWQU | — |
| €10,000 invested | What €10,000 in IS3Q became | What €10,000 in AVWC became |
How bumpy the ride was: IS3Q vs AVWC
These head-to-head figures use only the 499 trading days both funds were listed: 14 Oct 2024 to 7 Oct 2026, roughly 2.0 years.
AVWC swung more than IS3Q: annualised volatility of 13.5% for IS3Q against 14.3% for AVWC, with IS3Q moving 1% or more on 14.5% of trading days and AVWC on 16.3%. Both had their worst day on 3 Apr 2025: IS3Q closed -5.05% and AVWC -5.26%.
AVWC had the deeper drawdown: it fell -21.65% from its peak on 18 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Oct 2025, 5 months after the low; IS3Q fell -20.63% from its peak on 19 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Jan 2026, 8 months after the low.
Day to day the two move almost in lockstep: the correlation of their daily returns is 0.95, and they closed in opposite directions on 13.7% of the 498 days measured. The widest single-day gap came on 4 Apr 2025, when IS3Q moved -3.29% and AVWC -4.78%.
| Measure | IS3Q | AVWC |
|---|---|---|
| Annualised volatility | 13.5% | 14.3% |
| Worst day | -5.05% on 3 Apr 2025 | -5.26% on 3 Apr 2025 |
| Best day | +3.56% on 10 Apr 2025 | +3.79% on 10 Apr 2025 |
| Days moving 1% or more | 14.5% of days | 16.3% of days |
| Deepest drawdown | -20.63% | -21.65% |
| Peak to trough | 19 Feb 2025 → 9 Apr 2025 | 18 Feb 2025 → 9 Apr 2025 |
| Back above the old peak | 6 Jan 2026 · 8 months | 6 Oct 2025 · 5 months |
Years IS3Q and AVWC parted ways
In every one of the 2 completed calendar years both funds were trading, the two returns ended more than 5 points apart. The widest split was 2024: IS3Q returned +23.78% and AVWC +2.94%, a gap of 20.8 points. They rose together in 2 years.
| Year | IS3Q | AVWC | Gap (IS3Q − AVWC) |
|---|---|---|---|
| 2025 | +2.80% | +9.08% | -6.3 pts |
| 2024 | +23.78% | +2.94% | +20.8 pts |
How often IS3Q beat AVWC over any 12 months
Across the 12 rolling 12-month windows since October 2024, measured month-end to month-end, IS3Q finished ahead in 0.0% of them (0) and AVWC in 100.0% (12).
€200 a month into each, 2025–2025
Putting €200 into each fund at the start of every month from January 2025 to December 2025 (12 payments, €2,400 in total) would have grown to €2,531 in IS3Q and €2,608 in AVWC, leaving AVWC €77 ahead.
| Outcome | IS3Q | AVWC |
|---|---|---|
| Paid in | €2,400 | €2,400 |
| Value at the end of 2025 | €2,531 | €2,608 |
| Gain on the money paid in | +€131 | +€208 |
| Gain in % | +5.46% | +8.66% |
Each payment rides the return of the month it lands in, dividends reinvested. Only calendar years with all twelve months of data for both funds count, so the plan may start later than the shared history.
Frequently asked
Is IS3Q or AVWC better?
Across the 3 calendar years both funds were trading, IS3Q finished the year ahead 1 times and AVWC 2 times. €10,000 invested at the start of 2025 was worth €10,280 in IS3Q versus €10,908 in AVWC 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 IS3Q and AVWC?
IS3Q tracks the MSCI World Sector Neutral Quality Index while AVWC follows the Avantis Global Equity strategy, so they own different slices of the market and their years can look very different. IS3Q charges 0.25% a year in running costs and AVWC charges 0.22% — AVWC 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.
Which is more volatile, IS3Q or AVWC?
AVWC swung more than IS3Q: annualised volatility of 13.5% for IS3Q against 14.3% for AVWC, with IS3Q moving 1% or more on 14.5% of trading days and AVWC on 16.3%. Both had their worst day on 3 Apr 2025: IS3Q closed -5.05% and AVWC -5.26%.
Which had the deeper drawdown, IS3Q or AVWC?
AVWC had the deeper drawdown: it fell -21.65% from its peak on 18 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Oct 2025, 5 months after the low; IS3Q fell -20.63% from its peak on 19 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Jan 2026, 8 months after the low.
How often did IS3Q beat AVWC over a 12-month period?
Across the 12 rolling 12-month windows since October 2024, measured month-end to month-end, IS3Q finished ahead in 0.0% of them (0) and AVWC in 100.0% (12).
What would €10,000 in IS3Q have become?
€10,000 invested in IS3Q at the start of 2025 grew to €10,280 by the end of 2025, with dividends reinvested — an average of 2.8% 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.
Related comparisons
More head-to-heads featuring IS3Q or AVWC.
Source: Yahoo Finance daily adjusted closes for the EUR trading lines on Xetra, dividends reinvested. Prices through · refreshed 7 Oct 2026, 08:49 UTC. How every number is calculated.