FLPE.L vs. WMVG.L
FLPE.L (Northern Trust Listed Private Equity UCITS ETF USD (Acc)) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds - FLPE.L tracks the MSCI World IMI Listed Private Equity Select (USD Net Total Return) Index while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 3 years, FLPE.L returned 10.30%/yr vs 10.23%/yr for WMVG.L. At a 0.49 correlation, their price movements are largely independent. FLPE.L charges 0.40%/yr vs 0.35%/yr for WMVG.L.
Performance
FLPE.L vs. WMVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLPE.L achieves a -13.52% return, which is significantly lower than WMVG.L's 3.90% return.
FLPE.L
- 1D
- -0.18%
- 1M
- -0.53%
- 6M
- -16.48%
- YTD
- -13.52%
- 1Y
- -17.64%
- 3Y*
- 10.30%
- 5Y*
- —
- 10Y*
- —
WMVG.L
- 1D
- 0.73%
- 1M
- 2.48%
- 6M
- 3.77%
- YTD
- 3.90%
- 1Y
- 6.45%
- 3Y*
- 10.23%
- 5Y*
- 6.08%
- 10Y*
- —
FLPE.L vs. WMVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF USD (Acc) | -13.52% | -1.74% | 31.38% | 35.15% | -37.39% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 3.90% | 9.07% | 14.47% | 7.36% | -1.13% |
Correlation
The correlation between FLPE.L and WMVG.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.49 |
Over the past year, the correlation between FLPE.L and WMVG.L has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
FLPE.L vs. WMVG.L — Risk / Return Rank
FLPE.L
WMVG.L
FLPE.L vs. WMVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Listed Private Equity UCITS ETF USD (Acc) (FLPE.L) and iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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.
| FLPE.L | WMVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.16 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.30 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.15 | 2.95 | -4.10 |
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Drawdowns
FLPE.L vs. WMVG.L - Drawdown Comparison
The maximum FLPE.L drawdown since its inception was -43.46%, which is greater than WMVG.L's maximum drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for FLPE.L and WMVG.L.
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Drawdown Indicators
| FLPE.L | WMVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -28.25% | -15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -28.35% | -4.93% | -23.42% |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | -9.07% | -21.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.18% | — |
Current DrawdownCurrent decline from peak | -21.17% | -0.72% | -20.45% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -4.08% | -16.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.30% | 2.18% | +13.12% |
Volatility
FLPE.L vs. WMVG.L - Volatility Comparison
Northern Trust Listed Private Equity UCITS ETF USD (Acc) (FLPE.L) has a higher volatility of 5.99% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.20%. This indicates that FLPE.L's price experiences larger fluctuations and is considered to be riskier than WMVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLPE.L | WMVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 2.20% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 5.51% | +12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 7.45% | +14.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 10.00% | +16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.09% | 12.09% | +14.00% |
FLPE.L vs. WMVG.L - Expense Ratio Comparison
FLPE.L has a 0.40% expense ratio, which is higher than WMVG.L's 0.35% expense ratio.
Dividends
FLPE.L vs. WMVG.L - Dividend Comparison
Neither FLPE.L nor WMVG.L has paid dividends to shareholders.
Frequently Asked Questions
FLPE.L and WMVG.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WMVG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WMVG.L is cheaper with a 0.35% expense ratio, compared with 0.40% for FLPE.L.
FLPE.L tracks MSCI World IMI Listed Private Equity Select (USD Net Total Return) Index, while WMVG.L tracks MSCI World Minimum Volatility. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.40% for FLPE.L and 0.35% for WMVG.L.
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