EEWG.L vs. MVOL.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L).

EEWG.L and MVOL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEWG.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Mar 8, 2019. MVOL.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Nov 30, 2012. Both EEWG.L and MVOL.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EEWG.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

EEWG.L vs. MVOL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EEWG.L iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)	-1.94%	11.10%	20.25%	16.39%	-10.66%	24.27%	13.73%	0.95%
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS	2.37%	3.11%	13.02%	1.92%	1.12%	15.73%	-0.45%	-1.20%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EEWG.L achieves a -1.94% return, which is significantly lower than MVOL.L's 1.98% return.

EEWG.L

• 1D: 0.10%
• 1M: -2.03%
• YTD: -1.94%
• 6M: 0.96%
• 1Y: 15.48%
• 3Y*: 13.38%
• 5Y*: 10.04%
• 10Y*: —

MVOL.L

• 1D: 0.00%
• 1M: -1.43%
• YTD: 1.98%
• 6M: 2.18%
• 1Y: 1.14%
• 3Y*: 6.76%
• 5Y*: 7.05%
• 10Y*: 8.05%

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

EEWG.L vs. MVOL.L - Expense Ratio Comparison

EEWG.L has a 0.20% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

MVOL.L

iShares Edge MSCI World Minimum Volatility UCITS

EEWG.L

iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)

Return for Risk

EEWG.L vs. MVOL.L — Risk / Return Rank

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

EEWG.L

EEWG.L Risk / Return Rank: 67
EEWG.L Sharpe Ratio Rank: 57
EEWG.L Sortino Ratio Rank: 56
EEWG.L Omega Ratio Rank: 57
EEWG.L Calmar Ratio Rank: 82
EEWG.L Martin Ratio Rank: 84

MVOL.L

MVOL.L Risk / Return Rank: 19
MVOL.L Sharpe Ratio Rank: 19
MVOL.L Sortino Ratio Rank: 17
MVOL.L Omega Ratio Rank: 19
MVOL.L Calmar Ratio Rank: 20
MVOL.L Martin Ratio Rank: 21

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.

EEWG.L vs. MVOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.

	EEWG.L	MVOL.L	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.11	+0.97
Sortino ratio Return per unit of downside risk	1.54	0.22	+1.32
Omega ratio Gain probability vs. loss probability	1.22	1.03	+0.20
Calmar ratio Return relative to maximum drawdown	2.89	0.35	+2.54
Martin ratio Return relative to average drawdown	11.44	0.90	+10.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEWG.L vs. MVOL.L - Sharpe Ratio Comparison

The current EEWG.L Sharpe Ratio is 1.08, which is higher than the MVOL.L Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of EEWG.L and MVOL.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EEWG.L	MVOL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.11	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.66	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.80	-0.09

Correlation

The correlation between EEWG.L and MVOL.L is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EEWG.L vs. MVOL.L - Dividend Comparison

EEWG.L's dividend yield for the trailing twelve months is around 1.21%, while MVOL.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
EEWG.L iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)	1.21%	1.18%	1.37%	1.59%	1.78%	1.28%	1.43%	0.76%
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EEWG.L vs. MVOL.L - Drawdown Comparison

The maximum EEWG.L drawdown since its inception was -25.46%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for EEWG.L and MVOL.L.

Drawdown Indicators

	EEWG.L	MVOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.46%	-28.82%	+3.36%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-8.14%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-18.52%	-0.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.82%	—
Current Drawdown Current decline from peak	-3.89%	-4.02%	+0.13%
Average Drawdown Average peak-to-trough decline	-4.04%	-3.33%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.80%	-0.03%

Volatility

EEWG.L vs. MVOL.L - Volatility Comparison

iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) has a higher volatility of 4.19% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 3.56%. This indicates that EEWG.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEWG.L	MVOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.56%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	8.21%	6.47%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	10.40%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	10.60%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	12.50%	+2.92%