ESGS.L vs. IWVG.L
ESGS.L (Invesco MSCI USA Universal Screened UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - ESGS.L tracks the Invesco MSCI USA Universal Screened UCITS ETF while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, ESGS.L returned 12.45%/yr vs 16.93%/yr for IWVG.L. A 0.72 correlation means they provide meaningful diversification when combined. ESGS.L charges 0.09%/yr vs 0.30%/yr for IWVG.L.
Performance
ESGS.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
ESGS.L is traded in GBp, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGS.L achieves a 10.62% return, which is significantly lower than IWVG.L's 28.47% return.
ESGS.L
- 1D
- -0.42%
- 1M
- -1.16%
- 6M
- 9.99%
- YTD
- 10.62%
- 1Y
- 20.69%
- 3Y*
- 18.46%
- 5Y*
- 12.45%
- 10Y*
- —
IWVG.L
- 1D
- -2.49%
- 1M
- -4.98%
- 6M
- 24.42%
- YTD
- 28.47%
- 1Y
- 54.93%
- 3Y*
- 25.26%
- 5Y*
- 16.93%
- 10Y*
- —
ESGS.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF | 10.62% | 7.44% | 26.67% | 21.17% | -12.52% | 30.30% | 19.47% | -14.12% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.47% | 31.27% | 6.58% | 13.08% | 1.04% | 21.24% | -6.86% | 7.78% |
Correlation
The correlation between ESGS.L and IWVG.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019 | 0.72 |
The correlation between ESGS.L and IWVG.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
ESGS.L vs. IWVG.L — Risk / Return Rank
ESGS.L
IWVG.L
ESGS.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA Universal Screened UCITS ETF (ESGS.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.
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.
| ESGS.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.67 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 7.82 | -5.11 |
| Martin ratioReturn relative to average drawdown | 9.33 | 25.39 | -16.06 |
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Drawdowns
ESGS.L vs. IWVG.L - Drawdown Comparison
The maximum ESGS.L drawdown since its inception was -29.04%, roughly equal to the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for ESGS.L and IWVG.L.
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Drawdown Indicators
| ESGS.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.04% | -28.07% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.99% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -13.92% | -7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -13.92% | -7.73% |
Current DrawdownCurrent decline from peak | -2.34% | -6.26% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -4.29% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.16% | +0.22% |
Volatility
ESGS.L vs. IWVG.L - Volatility Comparison
The current volatility for Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) is 3.72%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that ESGS.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.
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Volatility by Period
| ESGS.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 6.15% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 13.11% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 14.94% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 13.44% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 15.68% | +5.74% |
ESGS.L vs. IWVG.L - Expense Ratio Comparison
ESGS.L has a 0.09% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.
Dividends
ESGS.L vs. IWVG.L - Dividend Comparison
ESGS.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF | 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) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
Frequently Asked Questions
ESGS.L and IWVG.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGS.L is cheaper with a 0.09% expense ratio, compared with 0.30% for IWVG.L.
ESGS.L tracks Invesco MSCI USA Universal Screened UCITS ETF, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for ESGS.L and 0.30% for IWVG.L.
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