I have an IWFQ ETF investment.
The IE platform tells me that the gain over the last month is 0.26%
However both Trading 212 and Just ETF say that the gain is 1.12% for the month.
Why the difference?
Anyone?
Thanks
Google Finance has IWFQ up 0.15% over the month, but this is the USD class. I could not find the GBP class on google, but there is bound to be one… My wild guess is the difference is currency.
of course you are correct.
IWFQ currently showing as £53.55 +0.46% on google finance
IWQU is the USD class or version.
The only other difference im aware of, is that the IE pricing will be where they traded it at; so about 2pm GMT or 3 PM BST … Where as JustETF will be end of day pricing?
ON IE, IWFQ is showing as £53.41 Price as at 14:56, 12th July.
I dont know. Just my tuppences worth!
Thank you for coming back.
IWFQ is traded on the LSE in £.
I am not aware of any IWFQ traded in $.
These are like for like, domiciled in Ireland and traded on the LSE.
I just checked on Fidelity and they to quote the gain as 1.1% over the last month.
Thanks for trying to help.
Depends whether you start from the 11th or 12th of June. The ETF gained nearly 1% on the 11th.
Look closely at the charts - justETF and Trading 212 start the 11th and IE the 12th.
Sorry - I made a mess of the thread.
The disparity is far greater than would be expected by end of day trading vs live.
IE is end of day trading figures.
I may need to raise this with IE support.
I am fairly certain that it might be something to do with the figure they display. For ecampltle they display a cumulative figure for pot gains.
Thanks again
Thanks nedjohn
You are correct thank you - good observation.
I appreciate you taking the time.
With respect, the “accepted answer” looks wrong from here!
IWFQ actually fell on 11th June , despite opening up, which accounts for the disparity. The intraday range was over 1% and ended down.
As i already stated, the daily platform prices are set intraday between 2PM GMT and 3 GMT is the most likely reason for the difference in price here and published eslewhere.
Thank you for your concern. It is appreciated.
It is nothing to do with trading prices, but reported prices.
When I looked at the end of day prices quoted by Invest Engine and synched the dates as per the other poster, then I found their answer worked perfectly.
Hi, for clarity, I should have shown my working: regarding the difference in performance for IWFQ over 1 month shown on different platforms. The result depended on whether you use the closing price from the 11th or 12th June as the starting point.
The difference was 0.26% (IE) vs 1.12% (JustETF/Trading 212): a 0.84% discrepancy. Closing price went from 5277 to 5322 from the 11th to the 12th. That is a change of 0.85% (close enough?)
IE uses closing prices in calculating the performance shown in the 1m chart. JustETF and Trading 212 did likewise, except their 1-month look-backs started a day later than IE’s (the 12th not the 11th).
To verify, trace along a chart for an ETF in IE with a mouse (or finger on tablet/phone) and the daily prices used are revealed.