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IMGP.L vs. IWVG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMGP.L vs. IWVG.L

Last updated Jul 16, 2026
Documentation

IMGP.L (iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - IMGP.L tracks the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, IMGP.L returned 3.56%/yr vs 25.26%/yr for IWVG.L. At a 0.06 correlation, their price movements are largely independent.

Performance

IMGP.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMGP.L achieves a 0.24% return, which is significantly lower than IWVG.L's 28.47% return.

IMGP.L

1D
0.20%
1M
-0.35%
6M
-0.35%
YTD
0.24%
1Y
5.40%
3Y*
3.56%
5Y*
—
10Y*
—

IWVG.L

1D
-2.49%
1M
-4.98%
6M
24.42%
YTD
28.47%
1Y
54.93%
3Y*
25.26%
5Y*
16.93%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMGP.L vs. IWVG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
IMGP.L
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)		0.24%8.06%0.85%2.81%2.83%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		28.47%31.27%6.58%13.08%3.44%

Correlation

The correlation between IMGP.L and IWVG.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

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

0.12

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2022

0.06

The correlation between IMGP.L and IWVG.L shifts across timeframes, from 0.06 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

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iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)

iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)

Often compared with IWVG.L:
IWVG.L vs. IWQU.LIWVG.L vs. VTVIWVG.L vs. XDEV.LIWVG.L vs. URTHIWVG.L vs. VTIWVG.L vs. IUVD.LIWVG.L vs. VWRA.L

Return for Risk

IMGP.L vs. IWVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMGP.L
IMGP.L Risk / Return Rank: 4343
Overall Rank
IMGP.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IMGP.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
IMGP.L Omega Ratio Rank: 4646
Omega Ratio Rank
IMGP.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
IMGP.L Martin Ratio Rank: 4141
Martin Ratio Rank
IWVG.L
IWVG.L Risk / Return Rank: 9696
Overall Rank
IWVG.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWVG.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWVG.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVG.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IWVG.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.

IMGP.L vs. IWVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IMGP.LIWVG.LDifference
Sharpe ratioReturn per unit of total volatility
1.29
3.66

-2.37

Sortino ratioReturn per unit of downside risk
1.88
4.85

-2.98

Omega ratioGain probability vs. loss probability

1.25

1.67

-0.43

Calmar ratioReturn relative to maximum drawdown

1.74

7.82

-6.08

Martin ratioReturn relative to average drawdown

5.37

25.39

-20.02

IMGP.L vs. IWVG.L - Sharpe Ratio Comparison

The current IMGP.L Sharpe Ratio is 1.29, which is lower than the IWVG.L Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of IMGP.L and IWVG.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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Drawdowns

IMGP.L vs. IWVG.L - Drawdown Comparison

The maximum IMGP.L drawdown since its inception was -9.76%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for IMGP.L and IWVG.L.

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Drawdown Indicators

IMGP.LIWVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-9.76%

-28.07%

+18.31%

Max Drawdown (1Y)

Largest decline over 1 year

-3.09%

-6.99%

+3.90%

Max Drawdown (3Y)

Largest decline over 3 years

-7.57%

-13.92%

+6.35%

Max Drawdown (5Y)

Largest decline over 5 years

—

-13.92%

—

Current Drawdown

Current decline from peak

-1.50%

-6.26%

+4.76%

Average Drawdown

Average peak-to-trough decline

-2.14%

-4.29%

+2.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

2.16%

-1.16%

Volatility

IMGP.L vs. IWVG.L - Volatility Comparison

The current volatility for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) is 1.41%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that IMGP.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMGP.LIWVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

6.15%

-4.74%

Volatility (6M)

Calculated over the trailing 6-month period

3.28%

13.11%

-9.83%

Volatility (1Y)

Calculated over the trailing 1-year period

4.19%

14.94%

-10.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.91%

13.44%

-6.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.91%

15.68%

-8.77%

Dividends

IMGP.L vs. IWVG.L - Dividend Comparison

IMGP.L's dividend yield for the trailing twelve months is around 3.71%, more than IWVG.L's 1.93% yield.

PositionTTM20252024202320222021202020192018
IMGP.L
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)		3.71%3.50%3.55%3.15%0.38%0.00%0.00%0.00%0.00%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		1.93%2.48%3.12%3.22%3.11%2.61%2.37%2.90%2.48%

Frequently Asked Questions

IMGP.L and IWVG.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMGP.L tracks iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist), while IWVG.L tracks MSCI ACWI Value NR USD.

Portfolio Optimizer

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