EGMW.L vs. IWVG.L

Last updated Jun 5, 2026

EGMW.L (iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - EGMW.L tracks the MSCI ACWI NR USD while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, EGMW.L returned 11.70%/yr vs 16.53%/yr for IWVG.L. Their correlation of 0.80 suggests significant overlap in exposure. EGMW.L charges 0.20%/yr vs 0.30%/yr for IWVG.L.

Performance

EGMW.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.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.

Returns By Period

In the year-to-date period, EGMW.L achieves a 9.42% return, which is significantly lower than IWVG.L's 34.35% return.

EGMW.L

• 1D: 0.11%
• 1M: 5.23%
• YTD: 9.42%
• 6M: 9.73%
• 1Y: 25.53%
• 3Y*: 16.40%
• 5Y*: 11.70%
• 10Y*: —

IWVG.L

• 1D: -0.61%
• 1M: 13.03%
• YTD: 34.35%
• 6M: 35.94%
• 1Y: 63.14%
• 3Y*: 25.28%
• 5Y*: 16.53%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EGMW.L iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)	9.42%	11.08%	20.29%	16.47%	-11.09%	24.85%	13.66%	0.99%
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	34.35%	27.50%	5.20%	13.05%	1.04%	21.47%	-6.83%	-0.10%

Correlation

The correlation between EGMW.L and IWVG.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.80

The correlation between EGMW.L and IWVG.L has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

EGMW.L vs. IWVG.L - Sectors Allocation Comparison

Sectors	EGMW.L	IWVG.L
Technology	31.1%	33.9%
Financial Services	16.1%	14.8%
Industrials	10.0%	11.3%
Healthcare	9.1%	8.8%
Communication Services	8.9%	7.6%
Consumer Cyclical	8.8%	7.9%
Consumer Defensive	4.4%	4.5%
Energy	4.0%	3.8%
Basic Materials	3.0%	3.0%
Utilities	2.4%	2.5%
Real Estate	2.1%	1.8%

Return for Risk

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

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

EGMW.L

EGMW.L Risk / Return Rank: 76
EGMW.L Sharpe Ratio Rank: 77
EGMW.L Sortino Ratio Rank: 77
EGMW.L Omega Ratio Rank: 79
EGMW.L Calmar Ratio Rank: 73
EGMW.L Martin Ratio Rank: 76

IWVG.L

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

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.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.

	EGMW.L	IWVG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.46	4.70	-2.24
Sortino ratio: Return per unit of downside risk	3.40	6.30	-2.90
Omega ratio: Gain probability vs. loss probability	1.46	1.88	-0.42
Calmar ratio: Return relative to maximum drawdown	3.56	8.95	-5.39
Martin ratio: Return relative to average drawdown	14.23	33.30	-19.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EGMW.L Sharpe Ratio is 2.46, which is lower than the IWVG.L Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of EGMW.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.

Sharpe Ratios by Period

	EGMW.L	IWVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	4.70	-2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	1.26	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.73	+0.05

Drawdowns

EGMW.L vs. IWVG.L - Drawdown Comparison

The maximum EGMW.L drawdown since its inception was -23.48%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for EGMW.L and IWVG.L.

Drawdown Indicators

	EGMW.L	IWVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.48%	-28.07%	+4.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-7.02%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-13.79%	-5.21%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-13.79%	-5.21%
Current Drawdown Current decline from peak	-0.15%	-0.61%	+0.46%
Average Drawdown Average peak-to-trough decline	-3.95%	-4.31%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.89%	-0.10%

Volatility

EGMW.L vs. IWVG.L - Volatility Comparison

The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.L) is 2.55%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 5.50%. This indicates that EGMW.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

	EGMW.L	IWVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	5.50%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	10.95%	-3.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	13.37%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	13.07%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	15.56%	+0.49%

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

EGMW.L has a 0.20% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.

Dividends

EGMW.L vs. IWVG.L - Dividend Comparison

Neither EGMW.L nor IWVG.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EGMW.L iShares MSCI World ESG Enhanced 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)	0.00%	0.00%	1.82%	3.23%	3.12%	2.61%	2.37%	2.90%	2.48%

Frequently Asked Questions

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

EGMW.L and IWVG.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, EGMW.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

EGMW.L is cheaper with a 0.20% expense ratio, compared with 0.30% for IWVG.L.

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

EGMW.L tracks MSCI ACWI NR USD, while IWVG.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.20% for EGMW.L and 0.30% for IWVG.L.