BATG.L vs. MINV.L

Last updated Jun 4, 2026

BATG.L (L&G Battery Value-Chain UCITS ETF) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both exchange-traded funds - BATG.L is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index, while MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, BATG.L returned 17.96%/yr vs 6.29%/yr for MINV.L. At a 0.41 correlation, their price movements are largely independent. BATG.L charges 0.49%/yr vs 0.35%/yr for MINV.L.

Performance

BATG.L vs. MINV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Battery Value-Chain UCITS ETF (BATG.L) and iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BATG.L achieves a 37.63% return, which is significantly higher than MINV.L's 0.86% return.

BATG.L

• 1D: -1.34%
• 1M: 2.71%
• YTD: 37.63%
• 6M: 44.30%
• 1Y: 135.61%
• 3Y*: 26.06%
• 5Y*: 17.96%
• 10Y*: —

MINV.L

• 1D: 0.27%
• 1M: 1.40%
• YTD: 0.86%
• 6M: 0.68%
• 1Y: 2.36%
• 3Y*: 6.71%
• 5Y*: 6.29%
• 10Y*: 7.95%

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

BATG.L vs. MINV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BATG.L L&G Battery Value-Chain UCITS ETF	37.63%	60.42%	0.47%	2.83%	-3.91%	17.00%	75.38%	12.95%	-17.42%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	0.86%	3.37%	12.86%	1.50%	1.23%	15.98%	-1.05%	18.84%	4.05%

Correlation

The correlation between BATG.L and MINV.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 24, 2018	0.41

The correlation between BATG.L and MINV.L shifts across timeframes, from -0.03 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

BATG.L vs. MINV.L - Sectors Allocation Comparison

Sectors	BATG.L	MINV.L
Industrials	31.2%	9.1%
Basic Materials	24.4%	1.0%
Consumer Cyclical	20.1%	5.4%
Technology	17.6%	21.3%
Utilities	6.7%	7.7%
Communication Services	-	11.9%
Consumer Defensive	-	10.8%
Energy	-	4.2%
Financial Services	-	14.2%
Healthcare	-	13.6%
Real Estate	-	0.7%

Return for Risk

BATG.L vs. MINV.L — Risk / Return Rank

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

BATG.L

BATG.L Risk / Return Rank: 96
BATG.L Sharpe Ratio Rank: 97
BATG.L Sortino Ratio Rank: 95
BATG.L Omega Ratio Rank: 94
BATG.L Calmar Ratio Rank: 96
BATG.L Martin Ratio Rank: 96

MINV.L

MINV.L Risk / Return Rank: 12
MINV.L Sharpe Ratio Rank: 13
MINV.L Sortino Ratio Rank: 12
MINV.L Omega Ratio Rank: 11
MINV.L Calmar Ratio Rank: 13
MINV.L Martin Ratio Rank: 14

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.

BATG.L vs. MINV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Battery Value-Chain UCITS ETF (BATG.L) and iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.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.

	BATG.L	MINV.L	Difference
Sharpe ratio: Return per unit of total volatility	4.86	0.30	+4.56
Sortino ratio: Return per unit of downside risk	5.16	0.49	+4.67
Omega ratio: Gain probability vs. loss probability	1.70	1.05	+0.64
Calmar ratio: Return relative to maximum drawdown	9.91	0.37	+9.54
Martin ratio: Return relative to average drawdown	34.05	1.01	+33.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATG.L vs. MINV.L - Sharpe Ratio Comparison

The current BATG.L Sharpe Ratio is 4.86, which is higher than the MINV.L Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of BATG.L and MINV.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.

Sharpe Ratios by Period

	BATG.L	MINV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.86	0.30	+4.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.65	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.83	-0.01

Drawdowns

BATG.L vs. MINV.L - Drawdown Comparison

The maximum BATG.L drawdown since its inception was -33.37%, which is greater than MINV.L's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for BATG.L and MINV.L.

Drawdown Indicators

	BATG.L	MINV.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-20.38%	-12.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	-6.31%	-7.30%
Max Drawdown (3Y) Largest decline over 3 years	-33.37%	-8.47%	-24.90%
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	-10.23%	-23.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.38%	—
Current Drawdown Current decline from peak	-1.75%	-3.74%	+1.99%
Average Drawdown Average peak-to-trough decline	-8.99%	-3.74%	-5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	2.32%	+1.65%

Volatility

BATG.L vs. MINV.L - Volatility Comparison

L&G Battery Value-Chain UCITS ETF (BATG.L) has a higher volatility of 9.84% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) at 2.57%. This indicates that BATG.L's price experiences larger fluctuations and is considered to be riskier than MINV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATG.L	MINV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.84%	2.57%	+7.27%
Volatility (6M) Calculated over the trailing 6-month period	21.92%	5.92%	+16.00%
Volatility (1Y) Calculated over the trailing 1-year period	27.78%	7.92%	+19.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	9.70%	+12.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.84%	11.85%	+10.99%

BATG.L vs. MINV.L - Expense Ratio Comparison

BATG.L has a 0.49% expense ratio, which is higher than MINV.L's 0.35% expense ratio.

Dividends

BATG.L vs. MINV.L - Dividend Comparison

Neither BATG.L nor MINV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BATG.L and MINV.L in my portfolio?

BATG.L and MINV.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATG.L or MINV.L?

On fees, MINV.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATG.L or MINV.L?

MINV.L is cheaper with a 0.35% expense ratio, compared with 0.49% for BATG.L.

What is the main difference between BATG.L and MINV.L?

BATG.L is categorized as Alternative Energy Equities, while MINV.L is Global Equities. BATG.L tracks Solactive Battery Value-Chain Index, while MINV.L tracks MSCI ACWI NR USD. They also come from different issuers: Legal & General Investment Management and iShares. Their fees differ too: 0.49% for BATG.L and 0.35% for MINV.L.