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ISWD.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISWD.L vs. IWVL.L

Last updated Jun 4, 2026

ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds from iShares - ISWD.L tracks the MSCI World Islamic Index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, ISWD.L returned 12.78%/yr vs 13.95%/yr for IWVL.L. Their correlation of 0.81 suggests significant overlap in exposure. ISWD.L charges 0.60%/yr vs 0.25%/yr for IWVL.L.

Performance

ISWD.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISWD.L is traded in GBp, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISWD.L achieves a 20.37% return, which is significantly lower than IWVL.L's 35.68% return. Over the past 10 years, ISWD.L has underperformed IWVL.L with an annualized return of 12.78%, while IWVL.L has yielded a comparatively higher 13.95% annualized return.

ISWD.L

1D
0.65%
1M
11.25%
YTD
20.37%
6M
20.71%
1Y
38.83%
3Y*
16.15%
5Y*
13.73%
10Y*
12.78%

IWVL.L

1D
0.01%
1M
16.19%
YTD
35.68%
6M
39.01%
1Y
69.11%
3Y*
27.36%
5Y*
17.68%
10Y*
13.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISWD.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.37%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		35.68%30.41%6.96%13.56%0.94%21.25%-6.50%13.64%-8.94%12.00%

Correlation

The correlation between ISWD.L and IWVL.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

0.78

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

0.81

The correlation between ISWD.L and IWVL.L shifts across timeframes, from 0.70 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.

ISWD.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
ISWD.L
IWVL.L

Technology

42.8%
33.9%

Industrials

12.9%
11.3%

Energy

11.6%
3.8%

Healthcare

10.4%
8.8%

Basic Materials

9.6%
3.0%

Consumer Cyclical

6.9%
7.9%

Consumer Defensive

3.7%
4.5%

Utilities

1.1%
2.5%

Communication Services

0.4%
7.6%

Real Estate

0.2%
1.8%

Financial Services

0.0%
14.8%

Technology

ISWD.L
42.8%
IWVL.L
33.9%

Industrials

ISWD.L
12.9%
IWVL.L
11.3%

Energy

ISWD.L
11.6%
IWVL.L
3.8%

Healthcare

ISWD.L
10.4%
IWVL.L
8.8%

Basic Materials

ISWD.L
9.6%
IWVL.L
3.0%

Consumer Cyclical

ISWD.L
6.9%
IWVL.L
7.9%

Consumer Defensive

ISWD.L
3.7%
IWVL.L
4.5%

Utilities

ISWD.L
1.1%
IWVL.L
2.5%

Communication Services

ISWD.L
0.4%
IWVL.L
7.6%

Real Estate

ISWD.L
0.2%
IWVL.L
1.8%

Financial Services

ISWD.L
0.0%
IWVL.L
14.8%

Compare stocks, funds, or ETFs

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iShares MSCI World Islamic UCITS ETF USD (Dist)

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

Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

ISWD.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISWD.L
ISWD.L Risk / Return Rank: 9292
Overall Rank
ISWD.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9292
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9292
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
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.

ISWD.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) 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.

ISWD.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
3.42
4.65

-1.23

Sortino ratioReturn per unit of downside risk
4.60
6.22

-1.61

Omega ratioGain probability vs. loss probability

1.63

1.87

-0.24

Calmar ratioReturn relative to maximum drawdown

7.02

8.79

-1.78

Martin ratioReturn relative to average drawdown

24.08

36.79

-12.72

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

ISWD.L vs. IWVL.L - Sharpe Ratio Comparison

The current ISWD.L Sharpe Ratio is 3.42, which is comparable to the IWVL.L Sharpe Ratio of 4.65. The chart below compares the historical Sharpe Ratios of ISWD.L and IWVL.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

ISWD.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.42

4.65

-1.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

1.23

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.87

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.76

-0.01

Drawdowns

ISWD.L vs. IWVL.L - Drawdown Comparison

The maximum ISWD.L drawdown since its inception was -31.52%, which is greater than IWVL.L's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for ISWD.L and IWVL.L.

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Drawdown Indicators

ISWD.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.52%

-28.56%

-2.96%

Max Drawdown (1Y)

Largest decline over 1 year

-5.51%

-7.82%

+2.31%

Max Drawdown (3Y)

Largest decline over 3 years

-21.00%

-14.14%

-6.86%

Max Drawdown (5Y)

Largest decline over 5 years

-21.00%

-14.14%

-6.86%

Max Drawdown (10Y)

Largest decline over 10 years

-24.90%

-28.56%

+3.66%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.61%

-4.52%

+0.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.87%

-0.26%

Volatility

ISWD.L vs. IWVL.L - Volatility Comparison

The current volatility for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) is 3.64%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.24%. This indicates that ISWD.L 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

ISWD.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

6.24%

-2.60%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

12.59%

-4.19%

Volatility (1Y)

Calculated over the trailing 1-year period

11.34%

14.79%

-3.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

14.34%

-1.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

16.05%

-1.72%

ISWD.L vs. IWVL.L - Expense Ratio Comparison

ISWD.L has a 0.60% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.

Dividends

ISWD.L vs. IWVL.L - Dividend Comparison

ISWD.L's dividend yield for the trailing twelve months is around 1.27%, while IWVL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISWD.L and IWVL.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, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.60% for ISWD.L.

ISWD.L tracks MSCI World Islamic Index, while IWVL.L tracks MSCI World Enhanced Value Index. Their fees differ too: 0.60% for ISWD.L and 0.25% for IWVL.L.

Portfolio Optimizer

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