EMVL.L vs. XDWD.DE
EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and XDWD.DE (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - EMVL.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while XDWD.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, EMVL.L returned 15.37%/yr vs 11.38%/yr for XDWD.DE. A 0.65 correlation means they provide meaningful diversification when combined. EMVL.L charges 0.40%/yr vs 0.19%/yr for XDWD.DE.
Performance
EMVL.L vs. XDWD.DE - Performance Comparison
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Different Trading Currencies
EMVL.L is traded in USD, while XDWD.DE is traded in EUR. To make them comparable, the XDWD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMVL.L achieves a 37.33% return, which is significantly higher than XDWD.DE's 7.79% return.
EMVL.L
- 1D
- 0.16%
- 1M
- 2.44%
- YTD
- 37.33%
- 6M
- 41.13%
- 1Y
- 75.61%
- 3Y*
- 34.59%
- 5Y*
- 15.37%
- 10Y*
- —
XDWD.DE
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 7.79%
- 6M
- 9.35%
- 1Y
- 23.63%
- 3Y*
- 19.97%
- 5Y*
- 11.38%
- 10Y*
- 13.05%
EMVL.L vs. XDWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 37.33% | 43.13% | 14.49% | 18.37% | -16.29% | 5.29% | 7.72% | 17.64% | -2.10% |
XDWD.DE Xtrackers MSCI World UCITS ETF 1C | 7.79% | 21.76% | 18.77% | 23.98% | -18.43% | 22.28% | 15.78% | 28.49% | -6.58% |
Correlation
The correlation between EMVL.L and XDWD.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.65 |
The correlation between EMVL.L and XDWD.DE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
EMVL.L vs. XDWD.DE — Risk / Return Rank
EMVL.L
XDWD.DE
EMVL.L vs. XDWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) and Xtrackers MSCI World UCITS ETF 1C (XDWD.DE). 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.
| EMVL.L | XDWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.35 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.45 | 2.75 | +3.70 |
| Martin ratioReturn relative to average drawdown | 21.70 | 11.74 | +9.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMVL.L | XDWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.50 | 1.98 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.73 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.67 | +0.05 |
Drawdowns
EMVL.L vs. XDWD.DE - Drawdown Comparison
The maximum EMVL.L drawdown since its inception was -34.95%, roughly equal to the maximum XDWD.DE drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for EMVL.L and XDWD.DE.
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Drawdown Indicators
| EMVL.L | XDWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -34.03% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -8.46% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -17.94% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -34.20% | -25.94% | -8.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.03% | — |
Current DrawdownCurrent decline from peak | -8.53% | -2.16% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -4.78% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 1.99% | +1.48% |
Volatility
EMVL.L vs. XDWD.DE - Volatility Comparison
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a higher volatility of 11.12% compared to Xtrackers MSCI World UCITS ETF 1C (XDWD.DE) at 3.18%. This indicates that EMVL.L's price experiences larger fluctuations and is considered to be riskier than XDWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMVL.L | XDWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 3.18% | +7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.39% | 8.79% | +9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 11.78% | +9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.13% | 15.53% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 15.92% | +5.23% |
EMVL.L vs. XDWD.DE - Expense Ratio Comparison
EMVL.L has a 0.40% expense ratio, which is higher than XDWD.DE's 0.19% expense ratio.
Dividends
EMVL.L vs. XDWD.DE - Dividend Comparison
Neither EMVL.L nor XDWD.DE has paid dividends to shareholders.
Frequently Asked Questions
EMVL.L and XDWD.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWD.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWD.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for EMVL.L.
EMVL.L is categorized as Emerging Markets Equities, while XDWD.DE is Global Equities. EMVL.L tracks MSCI EM NR USD, while XDWD.DE tracks MSCI World. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for EMVL.L and 0.19% for XDWD.DE.
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