IFSW.L vs. AVDE

Last updated Jun 5, 2026

IFSW.L (iShares Edge MSCI World Multifactor UCITS) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - IFSW.L is a Global Equities fund tracking the MSCI ACWI NR USD, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. IFSW.L is passively managed, while AVDE is actively managed. Over the past 5 years, IFSW.L returned 10.89%/yr vs 10.06%/yr for AVDE. A 0.61 correlation means they provide meaningful diversification when combined. IFSW.L charges 0.55%/yr vs 0.23%/yr for AVDE.

Performance

IFSW.L vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Multifactor UCITS (IFSW.L) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFSW.L achieves a 11.85% return, which is significantly higher than AVDE's 11.25% return.

IFSW.L

• 1D: -0.50%
• 1M: 4.97%
• YTD: 11.85%
• 6M: 13.13%
• 1Y: 29.64%
• 3Y*: 21.77%
• 5Y*: 10.89%
• 10Y*: 11.66%

AVDE

• 1D: 0.64%
• 1M: 2.52%
• YTD: 11.25%
• 6M: 13.95%
• 1Y: 28.13%
• 3Y*: 20.66%
• 5Y*: 10.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFSW.L vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IFSW.L iShares Edge MSCI World Multifactor UCITS	11.85%	25.73%	17.05%	15.35%	-15.39%	20.36%	10.69%	8.15%
AVDE Avantis International Equity ETF	11.25%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	8.07%

Correlation

The correlation between IFSW.L and AVDE is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.61

The correlation between IFSW.L and AVDE has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

IFSW.L vs. AVDE - Sectors Allocation Comparison

Sectors	IFSW.L	AVDE
Technology	31.9%	7.1%
Financial Services	19.3%	23.8%
Consumer Cyclical	10.7%	9.3%
Communication Services	8.0%	3.8%
Healthcare	7.7%	5.8%
Industrials	7.3%	20.3%
Consumer Defensive	5.7%	4.6%
Energy	3.9%	8.0%
Basic Materials	2.2%	11.2%
Utilities	2.1%	4.4%
Real Estate	0.9%	1.7%

Return for Risk

IFSW.L vs. AVDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFSW.L

IFSW.L Risk / Return Rank: 77
IFSW.L Sharpe Ratio Rank: 75
IFSW.L Sortino Ratio Rank: 82
IFSW.L Omega Ratio Rank: 75
IFSW.L Calmar Ratio Rank: 74
IFSW.L Martin Ratio Rank: 80

AVDE

AVDE Risk / Return Rank: 57
AVDE Sharpe Ratio Rank: 59
AVDE Sortino Ratio Rank: 59
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 51
AVDE Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFSW.L vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS (IFSW.L) and Avantis International Equity ETF (AVDE). 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.

	IFSW.L	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.95	+0.45
Sortino ratio: Return per unit of downside risk	3.63	2.73	+0.90
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	3.69	2.46	+1.23
Martin ratio: Return relative to average drawdown	15.61	9.71	+5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFSW.L vs. AVDE - Sharpe Ratio Comparison

The current IFSW.L Sharpe Ratio is 2.40, which is comparable to the AVDE Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of IFSW.L and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFSW.L	AVDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.95	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.62	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.65	+0.05

Drawdowns

IFSW.L vs. AVDE - Drawdown Comparison

The maximum IFSW.L drawdown since its inception was -34.49%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for IFSW.L and AVDE.

Drawdown Indicators

	IFSW.L	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-34.49%	-36.99%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-11.48%	+3.49%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-13.46%	-2.52%
Max Drawdown (5Y) Largest decline over 5 years	-24.41%	-28.73%	+4.32%
Max Drawdown (10Y) Largest decline over 10 years	-34.49%	—	—
Current Drawdown Current decline from peak	-1.00%	-0.76%	-0.24%
Average Drawdown Average peak-to-trough decline	-5.12%	-6.17%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.90%	-1.01%

Volatility

IFSW.L vs. AVDE - Volatility Comparison

The current volatility for iShares Edge MSCI World Multifactor UCITS (IFSW.L) is 3.52%, while Avantis International Equity ETF (AVDE) has a volatility of 4.61%. This indicates that IFSW.L experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFSW.L	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	4.61%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	12.12%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	14.46%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	16.29%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	18.90%	-2.71%

IFSW.L vs. AVDE - Expense Ratio Comparison

IFSW.L has a 0.55% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

IFSW.L vs. AVDE - Dividend Comparison

IFSW.L has not paid dividends to shareholders, while AVDE's dividend yield for the trailing twelve months is around 2.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	2.50%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
IFSW.L iShares Edge MSCI World Multifactor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IFSW.L and AVDE in my portfolio?

IFSW.L and AVDE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IFSW.L or AVDE?

On fees, AVDE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IFSW.L or AVDE?

AVDE is cheaper with a 0.23% expense ratio, compared with 0.55% for IFSW.L.

What is the main difference between IFSW.L and AVDE?

IFSW.L is categorized as Global Equities, while AVDE is Foreign Large Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.55% for IFSW.L and 0.23% for AVDE.