EURUSD=X vs. IWVL.L
EURUSD=X (Euro / U.S. Dollar) is a currency, while IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) is Global Equities fund tracking the MSCI World Enhanced Value Index. Over the past 10 years, EURUSD=X returned 0.33%/yr vs 13.36%/yr for IWVL.L. At a 0.19 correlation, their price movements are largely independent.
Performance
EURUSD=X vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, EURUSD=X achieves a -1.25% return, which is significantly lower than IWVL.L's 32.97% return. Over the past 10 years, EURUSD=X has underperformed IWVL.L with an annualized return of 0.33%, while IWVL.L has yielded a comparatively higher 13.36% annualized return.
EURUSD=X
- 1D
- 0.28%
- 1M
- -0.23%
- YTD
- -1.25%
- 6M
- -1.15%
- 1Y
- 0.41%
- 3Y*
- 1.95%
- 5Y*
- -0.88%
- 10Y*
- 0.33%
IWVL.L
- 1D
- 3.36%
- 1M
- 6.98%
- YTD
- 32.97%
- 6M
- 35.11%
- 1Y
- 63.09%
- 3Y*
- 28.41%
- 5Y*
- 16.13%
- 10Y*
- 13.36%
EURUSD=X vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | -1.25% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 32.97% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
Correlation
The correlation between EURUSD=X and IWVL.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.19 |
The correlation between EURUSD=X and IWVL.L shifts across timeframes, from 0.19 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EURUSD=X vs. IWVL.L — Risk / Return Rank
EURUSD=X
IWVL.L
EURUSD=X vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=X) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| EURUSD=X | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.77 | ||
| Sortino ratioReturn per unit of downside risk | -5.19 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.68 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 7.10 | -7.03 |
| Martin ratioReturn relative to average drawdown | 0.14 | 25.90 | -25.76 |
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Drawdowns
EURUSD=X vs. IWVL.L - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -40.01%, roughly equal to the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and IWVL.L.
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Drawdown Indicators
| EURUSD=X | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.01% | -39.30% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -8.74% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -14.46% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.02% | -26.55% | +6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -39.30% | +15.99% |
Current DrawdownCurrent decline from peak | -27.47% | -1.88% | -25.59% |
Average DrawdownAverage peak-to-trough decline | -23.45% | -7.48% | -15.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.40% | +0.10% |
Volatility
EURUSD=X vs. IWVL.L - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.09%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.99%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EURUSD=X | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 6.99% | -5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 13.69% | -9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 16.20% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 16.15% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 17.05% | -9.90% |
Frequently Asked Questions
EURUSD=X and IWVL.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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