IUVD.L vs. IWVU.L
IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Large Cap Value Equities funds from iShares - IUVD.L tracks the Russell 1000 Value TR USD while IWVU.L tracks the MSCI World Enhanced Value Index (Net). Both are passively managed. Over the past 5 years, IUVD.L returned 15.56%/yr vs 16.21%/yr for IWVU.L. Their correlation of 0.90 suggests significant overlap in exposure. IUVD.L charges 0.20%/yr vs 0.25%/yr for IWVU.L.
Performance
IUVD.L vs. IWVU.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUVD.L achieves a 39.02% return, which is significantly higher than IWVU.L's 27.54% return.
IUVD.L
- 1D
- -0.09%
- 1M
- -4.80%
- 6M
- 32.62%
- YTD
- 39.02%
- 1Y
- 70.29%
- 3Y*
- 28.49%
- 5Y*
- 15.56%
- 10Y*
- —
IWVU.L
- 1D
- -0.32%
- 1M
- -4.79%
- 6M
- 23.40%
- YTD
- 27.54%
- 1Y
- 54.31%
- 3Y*
- 25.62%
- 5Y*
- 16.21%
- 10Y*
- —
IUVD.L vs. IWVU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) | 39.02% | 32.95% | 6.42% | 14.65% | -14.91% | 29.73% | -1.42% | 25.64% | -13.11% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.54% | 40.59% | 4.85% | 19.74% | -9.88% | 20.13% | -3.59% | 18.01% | -15.78% |
Correlation
The correlation between IUVD.L and IWVU.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.90 |
The correlation between IUVD.L and IWVU.L has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
IUVD.L vs. IWVU.L — Risk / Return Rank
IUVD.L
IWVU.L
IUVD.L vs. IWVU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.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.
| IUVD.L | IWVU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.56 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 8.47 | 6.31 | +2.16 |
| Martin ratioReturn relative to average drawdown | 28.96 | 21.28 | +7.68 |
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Drawdowns
IUVD.L vs. IWVU.L - Drawdown Comparison
The maximum IUVD.L drawdown since its inception was -39.64%, which is greater than IWVU.L's maximum drawdown of -36.21%. Use the drawdown chart below to compare losses from any high point for IUVD.L and IWVU.L.
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Drawdown Indicators
| IUVD.L | IWVU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -36.21% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -8.56% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -14.45% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -26.58% | -0.09% |
Current DrawdownCurrent decline from peak | -6.82% | -5.83% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -6.67% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.54% | -0.12% |
Volatility
IUVD.L vs. IWVU.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.79% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) at 6.28%. This indicates that IUVD.L's price experiences larger fluctuations and is considered to be riskier than IWVU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVD.L | IWVU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 6.28% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.18% | 14.95% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 17.06% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 16.30% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 17.90% | +2.06% |
IUVD.L vs. IWVU.L - Expense Ratio Comparison
IUVD.L has a 0.20% expense ratio, which is lower than IWVU.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
IUVD.L vs. IWVU.L - Dividend Comparison
IUVD.L's dividend yield for the trailing twelve months is around 1.20%, less than IWVU.L's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) | 1.20% | 1.64% | 2.24% | 2.27% | 2.61% | 1.84% | 2.26% | 2.26% | 1.73% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% |
Frequently Asked Questions
With a correlation of 0.90, IUVD.L and IWVU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUVD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVD.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IWVU.L.
IUVD.L tracks Russell 1000 Value TR USD, while IWVU.L tracks MSCI World Enhanced Value Index (Net). Their fees differ too: 0.20% for IUVD.L and 0.25% for IWVU.L.
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