SPDR MSCI World StrategicFactors ETF (QWLD) Performance
QWLD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.9% since Dec 31, 2025
- 1 year
- +13.6% total return
- 5 years
- +9.9% a year
- 10 years
- +12.1% a year
- Since first price
- +10.4% a year since 2014
QWLD trailing returns vs SPY, QQQ, AGG
| Period | QWLD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.7% | +3.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.7% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +10.9% | +9.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.6% | +11.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +66.9%+18.6%/yr | +58.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +60.2%+9.9%/yr | +45.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +212.0%+12.1%/yr | +153.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJun 9, 2014 | +238.7%+10.4%/yr | +160.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QWLD vs SPY
From Jun 9, 2014: QWLD grew to $33,873, SPY to $47,869.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QWLD returns by calendar year
9 of 11 full years positive. Best 2019 (+27.6%), worst 2022 (−13.3%). 2026 is year to date.
QWLD annual returns table
| Year | QWLD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.9% | −7.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.9% | −12.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.4% | −5.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.6% | −8.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.3% | −22.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.6% | −5.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.2% | −31.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.6% | −5.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.0% | −16.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.5% | −1.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.7% | −7.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +2.0% | −10.7% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QWLD largest drawdowns
Now 1.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −31.9% | Mar 23, 2020 | Nov 9, 2020 | 40 days | 9 months |
| Dec 29, 2021 | −22.8% | Oct 12, 2022 | Dec 11, 2023 | 9 months | 1.9 years |
| Oct 3, 2018 | −16.5% | Dec 24, 2018 | Apr 12, 2019 | 3 months | 6 months |
| May 22, 2015 | −14.1% | Jan 20, 2016 | Apr 20, 2016 | 8 months | 11 months |
| Feb 20, 2025 | −12.4% | Apr 8, 2025 | May 15, 2025 | 47 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QWLD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +17.1% | +10.4% | +11.6% | +10.2% |
| Volatility (annualized) | 9.5% | 13.0% | 13.1% | 12.5% |
| Sharpe ratio | 1.26 | 0.55 | 0.74 | 0.70 |
| Sortino ratio | 2.10 | 0.83 | 1.11 | 1.06 |
| Best month | +7.0% | +8.0% | +11.3% | +11.3% |
| Worst month | −5.4% | −8.4% | −12.0% | −12.0% |
| Best 12 months | +29.2% | +29.2% | +43.9% | +43.9% |
| Worst 12 months | +8.4% | −16.1% | −16.1% | −16.1% |
| Positive months | 78% | 67% | 71% | 66% |
| Beta vs S&P 500 | 0.62 | 0.76 | 0.80 | — |
| Correlation with S&P 500 | 0.81 | 0.92 | 0.94 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QWLD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 137 | −16.1% | +12.1% | +43.9% | 85% |
| 3-year (a year) | 113 | +3.2% | +9.7% | +20.4% | 100% |
| 5-year (a year) | 89 | +4.8% | +10.4% | +15.3% | 100% |
| 10-year (a year) | 29 | +9.5% | +10.9% | +12.5% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
QWLD performance overview
SPDR MSCI World StrategicFactors ETF (QWLD) returned +13.6% over the past year and +12.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +10.4% a year, turning $10,000 into about $33,873. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.9%, from Feb 12, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. QWLD finished 9 of its 11 full calendar years with a gain; the best year was 2019 (+27.6%) and the worst 2022 (−13.3%). Volatility has been 12.5% a year.
Related: QWLD chart, QWLD holdings, QWLD dividends, QWLD valuation. See the QWLD overview for the latest quote and fund facts.
QWLD performance FAQ
What is the QWLD return over the past year?
QWLD returned +13.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.4%.
What is the average annual return of QWLD?
QWLD has returned +9.9% a year over 5 years, +12.1% a year over 10 years, +10.4% a year since June 9, 2014 (total return, distributions reinvested).
How much would $10,000 invested in QWLD be worth?
$10,000 invested in QWLD at its first recorded close on June 9, 2014 would be worth about $33,873 on October 23, 2026 with distributions reinvested.
What was the worst year for QWLD?
The worst calendar year was 2022, with a total return of −13.3%. The best was 2019 at +27.6%.
What is the biggest drawdown of QWLD?
The largest peak-to-trough decline was −31.9% between February 12, 2020 and March 23, 2020. It recovered to the old high on November 9, 2020, 8 months after the bottom.
How volatile is QWLD?
Over the past 3 years QWLD had an annualized volatility of 9.5% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).