GIGB.L vs. IWVG.L
GIGB.L (VanEck S&P Global Mining UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - GIGB.L tracks the VanEck S&P Global Mining UCITS ETF while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, GIGB.L returned 13.45%/yr vs 16.93%/yr for IWVG.L. At a 0.48 correlation, their price movements are largely independent. GIGB.L charges 0.50%/yr vs 0.30%/yr for IWVG.L.
Performance
GIGB.L vs. IWVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB.L achieves a 0.48% return, which is significantly lower than IWVG.L's 28.47% return.
GIGB.L
- 1D
- 0.00%
- 1M
- -13.91%
- 6M
- -11.20%
- YTD
- 0.48%
- 1Y
- 52.68%
- 3Y*
- 20.60%
- 5Y*
- 13.45%
- 10Y*
- —
IWVG.L
- 1D
- -2.49%
- 1M
- -4.98%
- 6M
- 24.42%
- YTD
- 28.47%
- 1Y
- 54.93%
- 3Y*
- 25.26%
- 5Y*
- 16.93%
- 10Y*
- —
GIGB.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 0.48% | 77.74% | -7.37% | -1.37% | 15.87% | 8.64% | 27.01% | 21.34% | -33.33% |
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% | -5.24% |
Correlation
The correlation between GIGB.L and IWVG.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2018 | 0.48 |
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Return for Risk
GIGB.L vs. IWVG.L — Risk / Return Rank
GIGB.L
IWVG.L
GIGB.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (GIGB.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.
| GIGB.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.67 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 7.82 | -5.87 |
| Martin ratioReturn relative to average drawdown | 5.30 | 25.39 | -20.09 |
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Drawdowns
GIGB.L vs. IWVG.L - Drawdown Comparison
The maximum GIGB.L drawdown since its inception was -45.07%, 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 GIGB.L and IWVG.L.
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Drawdown Indicators
| GIGB.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -28.07% | -17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -6.99% | -19.53% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -13.92% | -12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -13.92% | -15.37% |
Current DrawdownCurrent decline from peak | -24.02% | -6.26% | -17.76% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -4.29% | -10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 2.16% | +7.60% |
Volatility
GIGB.L vs. IWVG.L - Volatility Comparison
VanEck S&P Global Mining UCITS ETF (GIGB.L) has a higher volatility of 10.51% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) at 6.15%. This indicates that GIGB.L's price experiences larger fluctuations and is considered to be riskier 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
| GIGB.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 6.15% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 13.11% | +15.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 14.94% | +18.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 13.44% | +16.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 15.68% | +13.68% |
GIGB.L vs. IWVG.L - Expense Ratio Comparison
GIGB.L has a 0.50% expense ratio, which is higher than IWVG.L's 0.30% expense ratio.
Dividends
GIGB.L vs. IWVG.L - Dividend Comparison
GIGB.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 |
|---|---|---|---|---|---|---|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 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
GIGB.L and IWVG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVG.L is cheaper with a 0.30% expense ratio, compared with 0.50% for GIGB.L.
GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.50% for GIGB.L and 0.30% for IWVG.L.
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