ISPE.L vs. IWVG.L
ISPE.L (iShares S&P 500 Equal Weight UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - ISPE.L tracks the iShares S&P 500 Equal Weight UCITS ETF while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, ISPE.L returned 12.67%/yr vs 25.26%/yr for IWVG.L. A 0.67 correlation means they provide meaningful diversification when combined. ISPE.L charges 0.17%/yr vs 0.30%/yr for IWVG.L.
Performance
ISPE.L vs. IWVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISPE.L achieves a 10.81% return, which is significantly lower than IWVG.L's 28.47% return.
ISPE.L
- 1D
- -0.48%
- 1M
- -0.08%
- 6M
- 7.91%
- YTD
- 10.81%
- 1Y
- 17.47%
- 3Y*
- 12.67%
- 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*
- —
ISPE.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISPE.L iShares S&P 500 Equal Weight UCITS ETF | 10.81% | 11.30% | 11.48% | 12.23% | -3.77% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.47% | 31.27% | 6.58% | 13.08% | 1.82% |
Correlation
The correlation between ISPE.L and IWVG.L 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.67 |
The correlation between ISPE.L and IWVG.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
ISPE.L vs. IWVG.L — Risk / Return Rank
ISPE.L
IWVG.L
ISPE.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF (ISPE.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.
| ISPE.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.67 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 7.82 | -5.08 |
| Martin ratioReturn relative to average drawdown | 9.72 | 25.39 | -15.67 |
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Drawdowns
ISPE.L vs. IWVG.L - Drawdown Comparison
The maximum ISPE.L drawdown since its inception was -18.22%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for ISPE.L and IWVG.L.
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Drawdown Indicators
| ISPE.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -28.07% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -6.99% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -13.92% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.92% | — |
Current DrawdownCurrent decline from peak | -1.01% | -6.26% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.29% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.16% | -0.21% |
Volatility
ISPE.L vs. IWVG.L - Volatility Comparison
The current volatility for iShares S&P 500 Equal Weight UCITS ETF (ISPE.L) is 2.86%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that ISPE.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
| ISPE.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 6.15% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 13.11% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 14.94% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 13.44% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 15.68% | -1.05% |
ISPE.L vs. IWVG.L - Expense Ratio Comparison
ISPE.L has a 0.17% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.
Dividends
ISPE.L vs. IWVG.L - Dividend Comparison
ISPE.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ISPE.L iShares S&P 500 Equal Weight UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
ISPE.L and IWVG.L 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.
On fees, ISPE.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPE.L is cheaper with a 0.17% expense ratio, compared with 0.30% for IWVG.L.
ISPE.L tracks iShares S&P 500 Equal Weight UCITS ETF, while IWVG.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.17% for ISPE.L and 0.30% for IWVG.L.
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