IEFV.L vs. WENS.L
IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both exchange-traded funds - IEFV.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR, while WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, IEFV.L returned 21.78%/yr vs 13.87%/yr for WENS.L. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IEFV.L vs. WENS.L - Performance Comparison
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Different Trading Currencies
IEFV.L is traded in GBp, while WENS.L is traded in GBP. To make them comparable, the WENS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEFV.L achieves a 12.95% return, which is significantly lower than WENS.L's 31.38% return.
IEFV.L
- 1D
- 0.27%
- 1M
- 5.00%
- YTD
- 12.95%
- 6M
- 16.06%
- 1Y
- 36.47%
- 3Y*
- 21.78%
- 5Y*
- 14.64%
- 10Y*
- 11.79%
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
IEFV.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 12.95% | 42.20% | 5.40% | 11.41% | 8.75% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
Correlation
The correlation between IEFV.L and WENS.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.25 |
The correlation between IEFV.L and WENS.L shifts across timeframes, from -0.14 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEFV.L vs. WENS.L — Risk / Return Rank
IEFV.L
WENS.L
IEFV.L vs. WENS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
| IEFV.L | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.99 | +0.44 |
| Martin ratioReturn relative to average drawdown | 12.64 | 9.66 | +2.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEFV.L | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.06 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.59 | 0.00 |
Drawdowns
IEFV.L vs. WENS.L - Drawdown Comparison
The maximum IEFV.L drawdown since its inception was -34.64%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for IEFV.L and WENS.L.
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Drawdown Indicators
| IEFV.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -22.49% | -12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -14.63% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -22.49% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -7.62% | +6.92% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -9.15% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 4.54% | -1.66% |
Volatility
IEFV.L vs. WENS.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) is 4.25%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.96%. This indicates that IEFV.L experiences smaller price fluctuations and is considered to be less risky than WENS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFV.L | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 7.96% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 18.19% | -7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 21.33% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 21.49% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 21.49% | -4.79% |
IEFV.L vs. WENS.L - Expense Ratio Comparison
Both IEFV.L and WENS.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEFV.L vs. WENS.L - Dividend Comparison
Neither IEFV.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
IEFV.L and WENS.L have a correlation of -0.14, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEFV.L and WENS.L have the same expense ratio: 0.25% per year.
IEFV.L is categorized as Europe Equities, while WENS.L is Energy Equities. IEFV.L tracks MSCI Europe Value NR EUR, while WENS.L tracks MSCI World/Energy NR USD.
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