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IGWD.L vs. IWFV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGWD.L vs. IWFV.L

Last updated Jun 5, 2026

IGWD.L (iShares MSCI World GBP Hedged UCITS ETF Accumulating) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds from iShares - IGWD.L tracks the MSCI World 100% Hedged to GBP Index while IWFV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, IGWD.L returned 12.23%/yr vs 13.69%/yr for IWFV.L. A 0.74 correlation means they provide meaningful diversification when combined. IGWD.L charges 0.55%/yr vs 0.30%/yr for IWFV.L.

Performance

IGWD.L vs. IWFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World GBP Hedged UCITS ETF Accumulating (IGWD.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IGWD.L is traded in GBP, while IWFV.L is traded in GBp. To make them comparable, the IWFV.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGWD.L achieves a 9.78% return, which is significantly lower than IWFV.L's 34.52% return. Over the past 10 years, IGWD.L has underperformed IWFV.L with an annualized return of 12.23%, while IWFV.L has yielded a comparatively higher 13.69% annualized return.

IGWD.L

1D
0.11%
1M
4.42%
YTD
9.78%
6M
10.82%
1Y
25.97%
3Y*
20.22%
5Y*
11.96%
10Y*
12.23%

IWFV.L

1D
-0.71%
1M
13.23%
YTD
34.52%
6M
37.29%
1Y
67.80%
3Y*
26.96%
5Y*
17.48%
10Y*
13.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGWD.L vs. IWFV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGWD.L
iShares MSCI World GBP Hedged UCITS ETF Accumulating		9.78%18.77%21.32%22.41%-17.62%24.09%11.29%24.33%-8.94%17.26%
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		34.52%30.69%6.85%13.02%0.95%21.60%-6.91%14.69%-9.34%12.04%

Correlation

The correlation between IGWD.L and IWFV.L is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.74

The correlation between IGWD.L and IWFV.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

IGWD.L vs. IWFV.L - Sectors Allocation Comparison

Sectors
IGWD.L
IWFV.L

Technology

28.3%
33.9%

Financial Services

15.7%
14.8%

Industrials

11.4%
11.3%

Consumer Cyclical

9.3%
7.9%

Communication Services

9.3%
7.6%

Healthcare

8.8%
8.8%

Consumer Defensive

5.2%
4.5%

Energy

4.2%
3.8%

Basic Materials

3.3%
3.0%

Utilities

2.7%
2.5%

Real Estate

1.9%
1.8%

Technology

IGWD.L
28.3%
IWFV.L
33.9%

Financial Services

IGWD.L
15.7%
IWFV.L
14.8%

Industrials

IGWD.L
11.4%
IWFV.L
11.3%

Consumer Cyclical

IGWD.L
9.3%
IWFV.L
7.9%

Communication Services

IGWD.L
9.3%
IWFV.L
7.6%

Healthcare

IGWD.L
8.8%
IWFV.L
8.8%

Consumer Defensive

IGWD.L
5.2%
IWFV.L
4.5%

Energy

IGWD.L
4.2%
IWFV.L
3.8%

Basic Materials

IGWD.L
3.3%
IWFV.L
3.0%

Utilities

IGWD.L
2.7%
IWFV.L
2.5%

Real Estate

IGWD.L
1.9%
IWFV.L
1.8%

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iShares MSCI World GBP Hedged UCITS ETF Accumulating

iShares Edge MSCI World Value Factor UCITS ETF

Often compared with IGWD.L:
IGWD.L vs. IWDA.LIGWD.L vs. CNDX.LIGWD.L vs. CSP1.LIGWD.L vs. IITU.LIGWD.L vs. SMT.LIGWD.L vs. EIMI.LIGWD.L vs. ISAC.L
Often compared with IWFV.L:
IWFV.L vs. OEFIWFV.L vs. VOOIWFV.L vs. IOOIWFV.L vs. IWQU.LIWFV.L vs. VWRA.LIWFV.L vs. SMGB.LIWFV.L vs. IWDA.L

Return for Risk

IGWD.L vs. IWFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGWD.L
IGWD.L Risk / Return Rank: 7373
Overall Rank
IGWD.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IGWD.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IGWD.L Omega Ratio Rank: 7272
Omega Ratio Rank
IGWD.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IGWD.L Martin Ratio Rank: 7878
Martin Ratio Rank
IWFV.L
IWFV.L Risk / Return Rank: 9797
Overall Rank
IWFV.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IWFV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IWFV.L Omega Ratio Rank: 9797
Omega Ratio Rank
IWFV.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
IWFV.L Martin Ratio Rank: 9696
Martin Ratio Rank
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.

IGWD.L vs. IWFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World GBP Hedged UCITS ETF Accumulating (IGWD.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.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.

IGWD.LIWFV.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
5.02

-2.76

Sortino ratioReturn per unit of downside risk
3.30
6.78

-3.48

Omega ratioGain probability vs. loss probability

1.42

1.94

-0.53

Calmar ratioReturn relative to maximum drawdown

3.38

9.53

-6.15

Martin ratioReturn relative to average drawdown

14.65

36.85

-22.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGWD.L vs. IWFV.L - Sharpe Ratio Comparison

The current IGWD.L Sharpe Ratio is 2.26, which is lower than the IWFV.L Sharpe Ratio of 5.02. The chart below compares the historical Sharpe Ratios of IGWD.L and IWFV.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.

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Sharpe Ratios by Period

IGWD.LIWFV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

5.02

-2.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

1.33

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.91

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.79

-0.07

Drawdowns

IGWD.L vs. IWFV.L - Drawdown Comparison

The maximum IGWD.L drawdown since its inception was -35.37%, which is greater than IWFV.L's maximum drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for IGWD.L and IWFV.L.

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Drawdown Indicators

IGWD.LIWFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.37%

-28.79%

-6.58%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-7.08%

-0.57%

Max Drawdown (3Y)

Largest decline over 3 years

-17.58%

-13.82%

-3.76%

Max Drawdown (5Y)

Largest decline over 5 years

-23.08%

-13.82%

-9.26%

Max Drawdown (10Y)

Largest decline over 10 years

-35.37%

-28.79%

-6.58%

Current Drawdown

Current decline from peak

-0.33%

-0.71%

+0.38%

Average Drawdown

Average peak-to-trough decline

-4.39%

-4.38%

-0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.77%

1.83%

-0.06%

Volatility

IGWD.L vs. IWFV.L - Volatility Comparison

The current volatility for iShares MSCI World GBP Hedged UCITS ETF Accumulating (IGWD.L) is 3.13%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.45%. This indicates that IGWD.L experiences smaller price fluctuations and is considered to be less risky than IWFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGWD.LIWFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

5.45%

-2.32%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

11.21%

-2.58%

Volatility (1Y)

Calculated over the trailing 1-year period

11.44%

13.44%

-2.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.78%

13.10%

+1.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.47%

15.10%

+0.37%

IGWD.L vs. IWFV.L - Expense Ratio Comparison

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

Dividends

IGWD.L vs. IWFV.L - Dividend Comparison

Neither IGWD.L nor IWFV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IGWD.L and IWFV.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IWFV.L is cheaper with a 0.30% expense ratio, compared with 0.55% for IGWD.L.

IGWD.L tracks MSCI World 100% Hedged to GBP Index, while IWFV.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.55% for IGWD.L and 0.30% for IWFV.L.

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