AGED.L vs. IWVG.L

Last updated Jul 16, 2026

AGED.L (iShares Ageing Population UCITS ETF USD (Acc)) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - AGED.L tracks the Stoxx Global Ageing Population Net USD Index while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, AGED.L returned 6.71%/yr vs 16.55%/yr for IWVG.L. A 0.76 correlation means they provide meaningful diversification when combined. AGED.L charges 0.40%/yr vs 0.30%/yr for IWVG.L.

Performance

AGED.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGED.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGED.L achieves a 11.02% return, which is significantly lower than IWVG.L's 29.21% return.

AGED.L

• 1D: -0.14%
• 1M: 5.51%
• 6M: 9.54%
• YTD: 11.02%
• 1Y: 25.89%
• 3Y*: 15.70%
• 5Y*: 6.71%
• 10Y*: —

IWVG.L

• 1D: -1.38%
• 1M: -4.12%
• 6M: 25.30%
• YTD: 29.21%
• 1Y: 56.72%
• 3Y*: 26.65%
• 5Y*: 16.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGED.L vs. IWVG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AGED.L iShares Ageing Population UCITS ETF USD (Acc)	11.02%	26.75%	7.86%	9.03%	-14.29%	4.61%	13.29%	19.47%	-16.16%
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	29.21%	41.17%	4.80%	19.04%	-9.76%	20.14%	-4.01%	19.28%	-16.25%

Correlation

The correlation between AGED.L and IWVG.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018	0.76

Over the past year, the correlation between AGED.L and IWVG.L has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

AGED.L vs. IWVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGED.L

AGED.L Risk / Return Rank: 70
AGED.L Sharpe Ratio Rank: 65
AGED.L Sortino Ratio Rank: 69
AGED.L Omega Ratio Rank: 64
AGED.L Calmar Ratio Rank: 76
AGED.L Martin Ratio Rank: 77

IWVG.L

IWVG.L Risk / Return Rank: 96
IWVG.L Sharpe Ratio Rank: 97
IWVG.L Sortino Ratio Rank: 96
IWVG.L Omega Ratio Rank: 96
IWVG.L Calmar Ratio Rank: 97
IWVG.L Martin Ratio Rank: 96

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.

AGED.L vs. IWVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGED.L	IWVG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.71	3.48	-1.77
Sortino ratio: Return per unit of downside risk	2.51	4.73	-2.22
Omega ratio: Gain probability vs. loss probability	1.31	1.60	-0.29
Calmar ratio: Return relative to maximum drawdown	3.12	6.55	-3.43
Martin ratio: Return relative to average drawdown	11.36	23.13	-11.77

AGED.L vs. IWVG.L - Sharpe Ratio Comparison

The current AGED.L Sharpe Ratio is 1.71, which is lower than the IWVG.L Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of AGED.L and IWVG.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.

Drawdowns

AGED.L vs. IWVG.L - Drawdown Comparison

The maximum AGED.L drawdown since its inception was -40.12%, which is greater than IWVG.L's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for AGED.L and IWVG.L.

Drawdown Indicators

	AGED.L	IWVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.12%	-35.79%	-4.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	-8.62%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-16.38%	-14.64%	-1.74%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-26.94%	-0.74%
Current Drawdown Current decline from peak	-1.16%	-4.24%	+3.08%
Average Drawdown Average peak-to-trough decline	-8.54%	-6.64%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.45%	-0.14%

Volatility

AGED.L vs. IWVG.L - Volatility Comparison

The current volatility for iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) is 3.77%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.03%. This indicates that AGED.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGED.L	IWVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	6.03%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	13.95%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	16.24%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	15.95%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	17.66%	+0.08%

AGED.L vs. IWVG.L - Expense Ratio Comparison

AGED.L has a 0.40% expense ratio, which is higher than IWVG.L's 0.30% expense ratio.

Dividends

AGED.L vs. IWVG.L - Dividend Comparison

AGED.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AGED.L iShares Ageing Population UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	1.93%	2.48%	3.12%	3.22%	3.11%	2.61%	2.37%	2.90%	2.48%

Frequently Asked Questions

Can I hold both AGED.L and IWVG.L in my portfolio?

AGED.L and IWVG.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AGED.L or IWVG.L?

On fees, IWVG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AGED.L or IWVG.L?

IWVG.L is cheaper with a 0.30% expense ratio, compared with 0.40% for AGED.L.

What is the main difference between AGED.L and IWVG.L?

AGED.L tracks Stoxx Global Ageing Population Net USD Index, while IWVG.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.40% for AGED.L and 0.30% for IWVG.L.