IMAE.AS vs. IWVL.L
IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, IMAE.AS returned 9.14%/yr vs 12.83%/yr for IWVL.L. A 0.79 correlation means they provide meaningful diversification when combined. IMAE.AS charges 0.20%/yr vs 0.25%/yr for IWVL.L.
Performance
IMAE.AS vs. IWVL.L - Performance Comparison
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Different Trading Currencies
IMAE.AS is traded in EUR, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMAE.AS achieves a 6.95% return, which is significantly lower than IWVL.L's 36.91% return. Over the past 10 years, IMAE.AS has underperformed IWVL.L with an annualized return of 9.14%, while IWVL.L has yielded a comparatively higher 12.83% annualized return.
IMAE.AS
- 1D
- -0.71%
- 1M
- 3.95%
- YTD
- 6.95%
- 6M
- 9.74%
- 1Y
- 16.05%
- 3Y*
- 13.28%
- 5Y*
- 9.84%
- 10Y*
- 9.14%
IWVL.L
- 1D
- 0.00%
- 1M
- 16.12%
- YTD
- 36.91%
- 6M
- 40.63%
- 1Y
- 64.73%
- 3Y*
- 27.16%
- 5Y*
- 17.55%
- 10Y*
- 12.83%
IMAE.AS vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 6.95% | 19.74% | 8.89% | 15.99% | -9.31% | 25.66% | -3.06% | 25.45% | -9.65% | 10.15% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 36.80% | 23.75% | 12.07% | 15.95% | -4.20% | 29.10% | -11.61% | 20.80% | -10.00% | 7.53% |
Correlation
The correlation between IMAE.AS and IWVL.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.79 |
The correlation between IMAE.AS and IWVL.L has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
IMAE.AS vs. IWVL.L — Risk / Return Rank
IMAE.AS
IWVL.L
IMAE.AS vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| IMAE.AS | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.78 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 9.33 | -7.65 |
| Martin ratioReturn relative to average drawdown | 6.19 | 37.50 | -31.31 |
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
| IMAE.AS | IWVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 4.26 | -3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.18 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.77 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.66 | -0.13 |
Drawdowns
IMAE.AS vs. IWVL.L - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, roughly equal to the maximum IWVL.L drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and IWVL.L.
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Drawdown Indicators
| IMAE.AS | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -35.49% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -6.91% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -16.98% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -16.98% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -35.49% | -0.11% |
Current DrawdownCurrent decline from peak | -2.20% | 0.00% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -5.87% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.72% | +0.84% |
Volatility
IMAE.AS vs. IWVL.L - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) is 4.85%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.02%. This indicates that IMAE.AS experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMAE.AS | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 6.02% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 12.53% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 15.14% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.87% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.61% | -1.07% |
IMAE.AS vs. IWVL.L - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than IWVL.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IMAE.AS vs. IWVL.L - Dividend Comparison
Neither IMAE.AS nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
IMAE.AS and IWVL.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMAE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for IWVL.L.
IMAE.AS is categorized as Europe Equities, while IWVL.L is Global Equities. IMAE.AS tracks MSCI Europe NR EUR, while IWVL.L tracks MSCI World Enhanced Value Index. Their fees differ too: 0.20% for IMAE.AS and 0.25% for IWVL.L.
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