IWD vs. MLPP.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Russell 1000 Value ETF (IWD) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L).

IWD and MLPP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. MLPP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. Both IWD and MLPP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IWD vs. MLPP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L). The values are adjusted to include any dividend payments, if applicable.

IWD vs. MLPP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWD iShares Russell 1000 Value ETF	1.97%	15.68%	14.17%	11.34%	-7.75%	24.95%	2.73%	26.12%	-8.45%	13.45%
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	18.42%	2.57%	22.29%	19.31%	31.72%	37.25%	-36.03%	0.36%	-21.51%	-15.73%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IWD achieves a 1.97% return, which is significantly lower than MLPP.L's 18.42% return. Over the past 10 years, IWD has outperformed MLPP.L with an annualized return of 10.33%, while MLPP.L has yielded a comparatively lower 6.00% annualized return.

IWD

• 1D: 2.03%
• 1M: -4.89%
• YTD: 1.97%
• 6M: 5.86%
• 1Y: 15.56%
• 3Y*: 14.10%
• 5Y*: 9.01%
• 10Y*: 10.33%

MLPP.L

• 1D: -0.20%
• 1M: 3.58%
• YTD: 18.42%
• 6M: 18.93%
• 1Y: 9.58%
• 3Y*: 19.85%
• 5Y*: 21.32%
• 10Y*: 6.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWD vs. MLPP.L - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is lower than MLPP.L's 0.50% expense ratio.

MLPP.L

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)

IWD

iShares Russell 1000 Value ETF

Return for Risk

IWD vs. MLPP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWD

IWD Risk / Return Rank: 62
IWD Sharpe Ratio Rank: 60
IWD Sortino Ratio Rank: 60
IWD Omega Ratio Rank: 62
IWD Calmar Ratio Rank: 61
IWD Martin Ratio Rank: 70

MLPP.L

MLPP.L Risk / Return Rank: 21
MLPP.L Sharpe Ratio Rank: 23
MLPP.L Sortino Ratio Rank: 22
MLPP.L Omega Ratio Rank: 22
MLPP.L Calmar Ratio Rank: 22
MLPP.L Martin Ratio Rank: 17

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.

IWD vs. MLPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.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.

	IWD	MLPP.L	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.49	+0.50
Sortino ratio Return per unit of downside risk	1.45	0.75	+0.69
Omega ratio Gain probability vs. loss probability	1.22	1.11	+0.11
Calmar ratio Return relative to maximum drawdown	1.42	0.54	+0.88
Martin ratio Return relative to average drawdown	6.68	1.33	+5.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWD vs. MLPP.L - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 0.99, which is higher than the MLPP.L Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of IWD and MLPP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWD	MLPP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.49	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.13	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.23	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	-0.04	+0.44

Correlation

The correlation between IWD and MLPP.L is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IWD vs. MLPP.L - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.67%, less than MLPP.L's 7.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWD iShares Russell 1000 Value ETF	1.67%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)	7.47%	8.28%	7.99%	8.81%	7.86%	8.40%	6.01%	0.13%	0.13%	0.11%	0.10%	0.15%

Drawdowns

IWD vs. MLPP.L - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, smaller than the maximum MLPP.L drawdown of -88.93%. Use the drawdown chart below to compare losses from any high point for IWD and MLPP.L.

Drawdown Indicators

	IWD	MLPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-60.10%	-84.51%	+24.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-16.24%	+4.44%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-19.03%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	-38.51%	-80.34%	+41.83%
Current Drawdown Current decline from peak	-4.89%	-6.21%	+1.32%
Average Drawdown Average peak-to-trough decline	-8.71%	-36.73%	+28.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	9.44%	-6.94%

Volatility

IWD vs. MLPP.L - Volatility Comparison

The current volatility for iShares Russell 1000 Value ETF (IWD) is 4.33%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) has a volatility of 4.60%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than MLPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWD	MLPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	4.60%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.26%	9.74%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	19.41%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	21.70%	-6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	32.97%	-15.69%