BATE.DE vs. IWVL.L
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 17.85%/yr for IWVL.L. A 0.71 correlation means they provide meaningful diversification when combined. BATE.DE charges 0.49%/yr vs 0.25%/yr for IWVL.L.
Performance
BATE.DE vs. IWVL.L - Performance Comparison
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Different Trading Currencies
BATE.DE is traded in EUR, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly lower than IWVL.L's 38.34% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
IWVL.L
- 1D
- 2.11%
- 1M
- 4.04%
- YTD
- 38.34%
- 6M
- 39.27%
- 1Y
- 68.39%
- 3Y*
- 27.72%
- 5Y*
- 17.85%
- 10Y*
- 13.53%
BATE.DE vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 38.34% | 23.76% | 12.07% | 15.95% | -4.20% | 29.10% | -11.61% | 20.80% | -5.90% |
Correlation
The correlation between BATE.DE and IWVL.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.71 |
The correlation between BATE.DE and IWVL.L shifts across timeframes, from 0.58 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BATE.DE vs. IWVL.L — Risk / Return Rank
BATE.DE
IWVL.L
BATE.DE vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| BATE.DE | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.77 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 9.85 | -3.18 |
| Martin ratioReturn relative to average drawdown | 22.65 | 38.15 | -15.50 |
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Drawdowns
BATE.DE vs. IWVL.L - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, roughly equal to the maximum IWVL.L drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for BATE.DE and IWVL.L.
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Drawdown Indicators
| BATE.DE | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -35.49% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -6.91% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -16.98% | -17.07% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -16.98% | -17.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.49% | — |
Current DrawdownCurrent decline from peak | -13.66% | -0.38% | -13.28% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -5.85% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 1.79% | +2.67% |
Volatility
BATE.DE vs. IWVL.L - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 6.04%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATE.DE | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 6.04% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 13.64% | +10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 15.98% | +14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 15.03% | +8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 16.62% | +6.95% |
BATE.DE vs. IWVL.L - Expense Ratio Comparison
BATE.DE has a 0.49% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
BATE.DE vs. IWVL.L - Dividend Comparison
Neither BATE.DE nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and IWVL.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.49% for BATE.DE.
BATE.DE is categorized as Lithium & Battery Metals, while IWVL.L is Global Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for BATE.DE and 0.25% for IWVL.L.
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