FSWD.L vs. IWVL.L
FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds from iShares - FSWD.L tracks the STOXX Developed World Equity Factor Screened Net Index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, FSWD.L returned 11.49%/yr vs 12.05%/yr for IWVL.L. A 0.79 correlation means they provide meaningful diversification when combined. FSWD.L charges 0.30%/yr vs 0.25%/yr for IWVL.L.
Performance
FSWD.L vs. IWVL.L - Performance Comparison
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Different Trading Currencies
FSWD.L is traded in GBp, while IWVL.L is traded in USD. To make them comparable, the IWVL.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 12.10% return, which is significantly lower than IWVL.L's 28.05% return. Both investments have delivered pretty close results over the past 10 years, with FSWD.L having a 11.49% annualized return and IWVL.L not far ahead at 12.05%.
FSWD.L
- 1D
- -0.82%
- 1M
- -0.61%
- 6M
- 10.73%
- YTD
- 12.10%
- 1Y
- 24.41%
- 3Y*
- 18.45%
- 5Y*
- 11.68%
- 10Y*
- 11.49%
IWVL.L
- 1D
- 0.00%
- 1M
- -5.86%
- 6M
- 22.86%
- YTD
- 28.05%
- 1Y
- 54.28%
- 3Y*
- 24.36%
- 5Y*
- 16.75%
- 10Y*
- 12.05%
FSWD.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.10% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -7.35% | 15.20% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 27.62% | 30.42% | 6.96% | 13.56% | 0.94% | 21.25% | -6.50% | 13.64% | -8.94% | 12.00% |
Correlation
The correlation between FSWD.L and IWVL.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015 | 0.79 |
The correlation between FSWD.L and IWVL.L shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSWD.L vs. IWVL.L — Risk / Return Rank
FSWD.L
IWVL.L
FSWD.L vs. IWVL.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 (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.
| FSWD.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.60 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 6.91 | -2.79 |
| Martin ratioReturn relative to average drawdown | 15.80 | 23.81 | -8.01 |
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Drawdowns
FSWD.L vs. IWVL.L - Drawdown Comparison
The maximum FSWD.L drawdown since its inception was -37.43%, which is greater than IWVL.L's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for FSWD.L and IWVL.L.
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Drawdown Indicators
| FSWD.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -28.56% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.82% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -14.14% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -14.14% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | -28.56% | +2.29% |
Current DrawdownCurrent decline from peak | -1.42% | -6.73% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.50% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.27% | -0.73% |
Volatility
FSWD.L vs. IWVL.L - Volatility Comparison
The current volatility for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) is 2.86%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.12%. This indicates that FSWD.L 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
| FSWD.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 6.12% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 14.58% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 16.42% | -5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 14.66% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 16.10% | +1.30% |
FSWD.L vs. IWVL.L - Expense Ratio Comparison
FSWD.L has a 0.30% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
FSWD.L vs. IWVL.L - Dividend Comparison
Neither FSWD.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
FSWD.L and IWVL.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FSWD.L.
FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index, while IWVL.L tracks MSCI World Enhanced Value Index. Their fees differ too: 0.30% for FSWD.L and 0.25% for IWVL.L.
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