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ACWD.L vs. IWFV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWD.L vs. IWFV.L

Last updated Jun 4, 2026

ACWD.L (SPDR MSCI All Country World UCITS ETF) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - ACWD.L tracks the MSCI ACWI Index while IWFV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, ACWD.L returned 12.77%/yr vs 13.06%/yr for IWFV.L. Their correlation of 0.82 suggests significant overlap in exposure. ACWD.L charges 0.12%/yr vs 0.30%/yr for IWFV.L.

Performance

ACWD.L vs. IWFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI All Country World UCITS ETF (ACWD.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ACWD.L is traded in USD, while IWFV.L is traded in GBp. To make them comparable, the IWFV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ACWD.L achieves a 11.57% return, which is significantly lower than IWFV.L's 35.16% return. Both investments have delivered pretty close results over the past 10 years, with ACWD.L having a 12.77% annualized return and IWFV.L not far ahead at 13.06%.

ACWD.L

1D
-0.66%
1M
4.34%
YTD
11.57%
6M
13.24%
1Y
29.71%
3Y*
21.32%
5Y*
11.33%
10Y*
12.77%

IWFV.L

1D
-0.09%
1M
15.27%
YTD
35.16%
6M
39.52%
1Y
67.74%
3Y*
30.63%
5Y*
16.42%
10Y*
13.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWD.L vs. IWFV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWD.L
SPDR MSCI All Country World UCITS ETF		11.57%22.83%17.76%22.27%-18.37%18.77%15.91%25.80%-9.85%24.09%
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		35.16%40.55%5.07%18.98%-9.85%20.49%-4.06%19.29%-14.47%22.70%

Correlation

The correlation between ACWD.L and IWFV.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.82

The correlation between ACWD.L and IWFV.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

ACWD.L vs. IWFV.L - Sectors Allocation Comparison

Sectors
ACWD.L
IWFV.L

Technology

29.2%
33.9%

Financial Services

16.5%
14.8%

Industrials

10.9%
11.3%

Consumer Cyclical

9.3%
7.9%

Communication Services

9.0%
7.6%

Healthcare

8.0%
8.8%

Consumer Defensive

4.9%
4.5%

Energy

4.3%
3.8%

Basic Materials

3.6%
3.0%

Utilities

2.7%
2.5%

Real Estate

1.7%
1.8%

Technology

ACWD.L
29.2%
IWFV.L
33.9%

Financial Services

ACWD.L
16.5%
IWFV.L
14.8%

Industrials

ACWD.L
10.9%
IWFV.L
11.3%

Consumer Cyclical

ACWD.L
9.3%
IWFV.L
7.9%

Communication Services

ACWD.L
9.0%
IWFV.L
7.6%

Healthcare

ACWD.L
8.0%
IWFV.L
8.8%

Consumer Defensive

ACWD.L
4.9%
IWFV.L
4.5%

Energy

ACWD.L
4.3%
IWFV.L
3.8%

Basic Materials

ACWD.L
3.6%
IWFV.L
3.0%

Utilities

ACWD.L
2.7%
IWFV.L
2.5%

Real Estate

ACWD.L
1.7%
IWFV.L
1.8%

Compare stocks, funds, or ETFs

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SPDR MSCI All Country World UCITS ETF

iShares Edge MSCI World Value Factor UCITS ETF

Often compared with ACWD.L:
ACWD.L vs. VWRA.LACWD.L vs. ACWIACWD.L vs. SWRD.LACWD.L vs. IWDA.LACWD.L vs. FWRA.LACWD.L vs. WEBN.DEACWD.L vs. IWQU.L
Often compared with IWFV.L:
IWFV.L vs. OEFIWFV.L vs. VOOIWFV.L vs. IOOIWFV.L vs. IWQU.LIWFV.L vs. VWRA.LIWFV.L vs. SMGB.LIWFV.L vs. IWDA.L

Return for Risk

ACWD.L vs. IWFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWD.L
ACWD.L Risk / Return Rank: 7272
Overall Rank
ACWD.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ACWD.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
ACWD.L Omega Ratio Rank: 7171
Omega Ratio Rank
ACWD.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ACWD.L Martin Ratio Rank: 7373
Martin Ratio Rank
IWFV.L
IWFV.L Risk / Return Rank: 9797
Overall Rank
IWFV.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWFV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IWFV.L Omega Ratio Rank: 9797
Omega Ratio Rank
IWFV.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
IWFV.L Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWD.L vs. IWFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI All Country World UCITS ETF (ACWD.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ACWD.LIWFV.LDifference
Sharpe ratioReturn per unit of total volatility
2.36
4.51

-2.15

Sortino ratioReturn per unit of downside risk
3.49
6.15

-2.66

Omega ratioGain probability vs. loss probability

1.44

1.81

-0.37

Calmar ratioReturn relative to maximum drawdown

3.39

7.77

-4.39

Martin ratioReturn relative to average drawdown

14.15

29.72

-15.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWD.L vs. IWFV.L - Sharpe Ratio Comparison

The current ACWD.L Sharpe Ratio is 2.36, which is lower than the IWFV.L Sharpe Ratio of 4.51. The chart below compares the historical Sharpe Ratios of ACWD.L and IWFV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ACWD.LIWFV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

4.51

-2.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

1.05

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.77

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.63

+0.10

Drawdowns

ACWD.L vs. IWFV.L - Drawdown Comparison

The maximum ACWD.L drawdown since its inception was -33.64%, smaller than the maximum IWFV.L drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for ACWD.L and IWFV.L.

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Drawdown Indicators

ACWD.LIWFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.64%

-39.15%

+5.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-8.67%

-0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-16.51%

-14.41%

-2.10%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-26.74%

+0.56%

Max Drawdown (10Y)

Largest decline over 10 years

-33.64%

-39.15%

+5.51%

Current Drawdown

Current decline from peak

-0.66%

-0.09%

-0.57%

Average Drawdown

Average peak-to-trough decline

-4.67%

-7.49%

+2.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

2.27%

-0.18%

Volatility

ACWD.L vs. IWFV.L - Volatility Comparison

The current volatility for SPDR MSCI All Country World UCITS ETF (ACWD.L) is 3.87%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 6.00%. This indicates that ACWD.L experiences smaller price fluctuations and is considered to be less risky than IWFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWD.LIWFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

6.00%

-2.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.89%

12.20%

-2.31%

Volatility (1Y)

Calculated over the trailing 1-year period

12.56%

14.95%

-2.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.58%

15.69%

-0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.85%

16.85%

-1.00%

ACWD.L vs. IWFV.L - Expense Ratio Comparison

ACWD.L has a 0.12% expense ratio, which is lower than IWFV.L's 0.30% expense ratio.

Dividends

ACWD.L vs. IWFV.L - Dividend Comparison

Neither ACWD.L nor IWFV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

ACWD.L and IWFV.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ACWD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ACWD.L is cheaper with a 0.12% expense ratio, compared with 0.30% for IWFV.L.

ACWD.L tracks MSCI ACWI Index, while IWFV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ACWD.L and 0.30% for IWFV.L.

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