FTCS.L vs. IWVG.L
FTCS.L (First Trust Capital Strength UCITS ETF Class A USD Accumulation) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - FTCS.L tracks the First Trust Capital Strength UCITS ETF Class A USD Accumulation while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, FTCS.L returned 5.52%/yr vs 16.55%/yr for IWVG.L. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
FTCS.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
FTCS.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FTCS.L achieves a 3.44% return, which is significantly lower than IWVG.L's 29.21% return.
FTCS.L
- 1D
- -0.55%
- 1M
- 1.78%
- 6M
- 0.59%
- YTD
- 3.44%
- 1Y
- 7.18%
- 3Y*
- 9.29%
- 5Y*
- 5.52%
- 10Y*
- —
IWVG.L
- 1D
- -1.38%
- 1M
- -4.12%
- 6M
- 25.30%
- YTD
- 29.21%
- 1Y
- 56.72%
- 3Y*
- 26.65%
- 5Y*
- 16.55%
- 10Y*
- —
FTCS.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTCS.L First Trust Capital Strength UCITS ETF Class A USD Accumulation | 3.44% | 6.62% | 11.16% | 8.19% | -10.23% | 25.79% | 11.85% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 29.21% | 41.17% | 4.80% | 19.04% | -9.76% | 20.14% | -3.98% |
Correlation
The correlation between FTCS.L and IWVG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.55 |
Over the past year, the correlation between FTCS.L and IWVG.L has dropped to 0.24 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
FTCS.L vs. IWVG.L — Risk / Return Rank
FTCS.L
IWVG.L
FTCS.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.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.
| FTCS.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.60 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 6.55 | -5.64 |
| Martin ratioReturn relative to average drawdown | 1.88 | 23.13 | -21.24 |
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Drawdowns
FTCS.L vs. IWVG.L - Drawdown Comparison
The maximum FTCS.L drawdown since its inception was -31.99%, smaller than the maximum IWVG.L drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for FTCS.L and IWVG.L.
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Drawdown Indicators
| FTCS.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.99% | -35.79% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -8.62% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -14.64% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -26.94% | +6.31% |
Current DrawdownCurrent decline from peak | -4.30% | -4.24% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -6.64% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.45% | +1.76% |
Volatility
FTCS.L vs. IWVG.L - Volatility Comparison
The current volatility for First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) is 4.50%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.03%. This indicates that FTCS.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
| FTCS.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 6.03% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 13.95% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 16.24% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 15.95% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 17.66% | -0.01% |
Dividends
FTCS.L vs. IWVG.L - Dividend Comparison
FTCS.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 |
|---|---|---|---|---|---|---|---|---|---|
FTCS.L First Trust Capital Strength UCITS ETF Class A USD Accumulation | 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
FTCS.L and IWVG.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTCS.L tracks First Trust Capital Strength UCITS ETF Class A USD Accumulation, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: First Trust and iShares.
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