FSWD.L vs. IWVG.L
FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - FSWD.L tracks the iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, FSWD.L returned 11.79%/yr vs 16.93%/yr for IWVG.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
FSWD.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
FSWD.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, FSWD.L achieves a 12.69% return, which is significantly lower than IWVG.L's 28.47% return.
FSWD.L
- 1D
- -0.09%
- 1M
- 0.20%
- 6M
- 12.10%
- YTD
- 12.69%
- 1Y
- 25.25%
- 3Y*
- 19.01%
- 5Y*
- 11.79%
- 10Y*
- 11.62%
IWVG.L
- 1D
- -2.49%
- 1M
- -4.98%
- 6M
- 24.42%
- YTD
- 28.47%
- 1Y
- 54.93%
- 3Y*
- 25.26%
- 5Y*
- 16.93%
- 10Y*
- —
FSWD.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.69% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -6.51% |
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% | 14.68% | -8.59% |
Correlation
The correlation between FSWD.L and IWVG.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.83 |
The correlation between FSWD.L and IWVG.L shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSWD.L vs. IWVG.L — Risk / Return Rank
FSWD.L
IWVG.L
FSWD.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.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.
| FSWD.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.67 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 7.82 | -3.28 |
| Martin ratioReturn relative to average drawdown | 17.41 | 25.39 | -7.98 |
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Drawdowns
FSWD.L vs. IWVG.L - Drawdown Comparison
The maximum FSWD.L drawdown since its inception was -37.43%, which is greater than IWVG.L's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for FSWD.L and IWVG.L.
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Drawdown Indicators
| FSWD.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -28.07% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -6.99% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -13.92% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -13.92% | -6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -6.26% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.29% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.16% | -0.62% |
Volatility
FSWD.L vs. IWVG.L - Volatility Comparison
The current volatility for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) is 2.81%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that FSWD.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
| FSWD.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 6.15% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 13.11% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 14.94% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 13.44% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 15.68% | +1.72% |
FSWD.L vs. IWVG.L - Expense Ratio Comparison
Both FSWD.L and IWVG.L have an expense ratio of 0.30%.
Dividends
FSWD.L vs. IWVG.L - Dividend Comparison
FSWD.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 |
|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor 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) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
Frequently Asked Questions
FSWD.L and IWVG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FSWD.L and IWVG.L have the same expense ratio: 0.30% per year.
FSWD.L tracks iShares STOXX World Equity Multifactor UCITS ETF USD (Acc), while IWVG.L tracks MSCI ACWI Value NR USD.
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