IFSW.L vs. MVEW.L

Last updated Jun 5, 2026

IFSW.L (iShares Edge MSCI World Multifactor UCITS) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IFSW.L returned 10.89%/yr vs 5.50%/yr for MVEW.L. A 0.66 correlation means they provide meaningful diversification when combined. IFSW.L charges 0.55%/yr vs 0.30%/yr for MVEW.L.

Performance

IFSW.L vs. MVEW.L - Performance Comparison

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

Different Trading Currencies

IFSW.L is traded in USD, while MVEW.L is traded in GBP. To make them comparable, the MVEW.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IFSW.L achieves a 11.85% return, which is significantly higher than MVEW.L's 0.13% 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%

MVEW.L

• 1D: 0.25%
• 1M: 1.11%
• YTD: 0.13%
• 6M: 0.88%
• 1Y: 2.29%
• 3Y*: 9.39%
• 5Y*: 5.50%
• 10Y*: —

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

IFSW.L vs. MVEW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IFSW.L iShares Edge MSCI World Multifactor UCITS	11.85%	25.73%	17.05%	15.35%	-15.39%	20.36%	16.81%
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)	0.13%	11.56%	10.57%	9.48%	-11.02%	16.82%	6.95%

Correlation

The correlation between IFSW.L and MVEW.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 20, 2020	0.66

Over the past year, the correlation between IFSW.L and MVEW.L has dropped to 0.40 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

IFSW.L vs. MVEW.L - Sectors Allocation Comparison

Sectors	IFSW.L	MVEW.L
Technology	31.9%	22.6%
Financial Services	19.3%	15.2%
Consumer Cyclical	10.7%	5.4%
Communication Services	8.0%	10.5%
Healthcare	7.7%	14.9%
Industrials	7.3%	8.2%
Consumer Defensive	5.7%	10.2%
Energy	3.9%	3.3%
Basic Materials	2.2%	1.5%
Utilities	2.1%	6.7%
Real Estate	0.9%	1.4%

Return for Risk

IFSW.L vs. MVEW.L — 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

MVEW.L

MVEW.L Risk / Return Rank: 15
MVEW.L Sharpe Ratio Rank: 16
MVEW.L Sortino Ratio Rank: 15
MVEW.L Omega Ratio Rank: 14
MVEW.L Calmar Ratio Rank: 16
MVEW.L Martin Ratio Rank: 16

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. MVEW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS (IFSW.L) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.

	IFSW.L	MVEW.L	Difference
Sharpe ratio: Return per unit of total volatility	2.40	0.28	+2.12
Sortino ratio: Return per unit of downside risk	3.63	0.44	+3.19
Omega ratio: Gain probability vs. loss probability	1.44	1.05	+0.38
Calmar ratio: Return relative to maximum drawdown	3.69	0.35	+3.34
Martin ratio: Return relative to average drawdown	15.61	0.99	+14.62
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. MVEW.L - Sharpe Ratio Comparison

The current IFSW.L Sharpe Ratio is 2.40, which is higher than the MVEW.L Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of IFSW.L and MVEW.L, 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	MVEW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	0.28	+2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.49	+0.20
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	0.64	+0.06

Drawdowns

IFSW.L vs. MVEW.L - Drawdown Comparison

The maximum IFSW.L drawdown since its inception was -34.49%, which is greater than MVEW.L's maximum drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for IFSW.L and MVEW.L.

Drawdown Indicators

	IFSW.L	MVEW.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.49%	-21.36%	-13.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-6.44%	-1.55%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-8.56%	-7.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.41%	-21.36%	-3.05%
Max Drawdown (10Y) Largest decline over 10 years	-34.49%	—	—
Current Drawdown Current decline from peak	-1.00%	-3.33%	+2.33%
Average Drawdown Average peak-to-trough decline	-5.12%	-4.32%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.31%	-0.42%

Volatility

IFSW.L vs. MVEW.L - Volatility Comparison

iShares Edge MSCI World Multifactor UCITS (IFSW.L) has a higher volatility of 3.52% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 1.91%. This indicates that IFSW.L's price experiences larger fluctuations and is considered to be riskier than MVEW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFSW.L	MVEW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	1.91%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	5.82%	+3.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	8.09%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	11.19%	+4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	11.30%	+4.89%

IFSW.L vs. MVEW.L - Expense Ratio Comparison

IFSW.L has a 0.55% expense ratio, which is higher than MVEW.L's 0.30% expense ratio.

Dividends

IFSW.L vs. MVEW.L - Dividend Comparison

Neither IFSW.L nor MVEW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

IFSW.L and MVEW.L have a correlation of 0.40, 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 MVEW.L?

On fees, MVEW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IFSW.L or MVEW.L?

MVEW.L is cheaper with a 0.30% expense ratio, compared with 0.55% for IFSW.L.

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

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.55% for IFSW.L and 0.30% for MVEW.L.