IWDA.AS vs. IWVL.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L).

IWDA.AS and IWVL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDA.AS is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. IWVL.L is a passively managed fund by iShares that tracks the performance of the MSCI World Enhanced Value Index. It was launched on Oct 3, 2014. Both IWDA.AS and IWVL.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

IWDA.AS vs. IWVL.L - Performance Comparison

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

IWDA.AS vs. IWVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	-1.07%	7.08%	27.23%	19.89%	-13.54%	32.54%	6.20%	29.58%	-4.16%	7.49%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	7.84%	23.75%	12.07%	15.95%	-4.20%	29.10%	-11.61%	20.80%	-10.00%	7.53%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IWDA.AS achieves a -1.07% return, which is significantly lower than IWVL.L's 7.84% return. Over the past 10 years, IWDA.AS has outperformed IWVL.L with an annualized return of 11.93%, while IWVL.L has yielded a comparatively lower 10.58% annualized return.

IWDA.AS

• 1D: 2.11%
• 1M: -3.07%
• YTD: -1.07%
• 6M: 2.15%
• 1Y: 12.16%
• 3Y*: 15.10%
• 5Y*: 10.85%
• 10Y*: 11.93%

IWVL.L

• 1D: 4.15%
• 1M: -1.70%
• YTD: 7.84%
• 6M: 17.94%
• 1Y: 29.78%
• 3Y*: 18.50%
• 5Y*: 12.58%
• 10Y*: 10.58%

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

IWDA.AS vs. IWVL.L - Expense Ratio Comparison

IWDA.AS has a 0.20% expense ratio, which is lower than IWVL.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%.

IWVL.L

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

IWDA.AS

iShares Core MSCI World UCITS ETF USD (Acc)

Return for Risk

IWDA.AS vs. IWVL.L — Risk / Return Rank

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

IWDA.AS

IWDA.AS Risk / Return Rank: 60
IWDA.AS Sharpe Ratio Rank: 38
IWDA.AS Sortino Ratio Rank: 36
IWDA.AS Omega Ratio Rank: 40
IWDA.AS Calmar Ratio Rank: 93
IWDA.AS Martin Ratio Rank: 93

IWVL.L

IWVL.L Risk / Return Rank: 94
IWVL.L Sharpe Ratio Rank: 94
IWVL.L Sortino Ratio Rank: 94
IWVL.L Omega Ratio Rank: 94
IWVL.L Calmar Ratio Rank: 95
IWVL.L Martin Ratio Rank: 95

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.

IWDA.AS vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) 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.

	IWDA.AS	IWVL.L	Difference
Sharpe ratio Return per unit of total volatility	0.75	1.79	-1.03
Sortino ratio Return per unit of downside risk	1.10	2.36	-1.26
Omega ratio Gain probability vs. loss probability	1.17	1.35	-0.18
Calmar ratio Return relative to maximum drawdown	3.69	3.48	+0.21
Martin ratio Return relative to average drawdown	14.30	14.66	-0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDA.AS vs. IWVL.L - Sharpe Ratio Comparison

The current IWDA.AS Sharpe Ratio is 0.75, which is lower than the IWVL.L Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of IWDA.AS and IWVL.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

	IWDA.AS	IWVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	1.79	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.86	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.64	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.54	+0.24

Correlation

The correlation between IWDA.AS and IWVL.L is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IWDA.AS vs. IWVL.L - Dividend Comparison

Neither IWDA.AS nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IWDA.AS vs. IWVL.L - Drawdown Comparison

The maximum IWDA.AS drawdown since its inception was -33.63%, smaller than the maximum IWVL.L drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and IWVL.L.

Drawdown Indicators

	IWDA.AS	IWVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	-39.30%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-13.21%	-12.04%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	-26.55%	+4.96%
Max Drawdown (10Y) Largest decline over 10 years	-33.63%	-39.30%	+5.67%
Current Drawdown Current decline from peak	-3.99%	-4.85%	+0.86%
Average Drawdown Average peak-to-trough decline	-4.28%	-7.60%	+3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.47%	-0.81%

Volatility

IWDA.AS vs. IWVL.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 4.35%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 7.57%. This indicates that IWDA.AS 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.

Volatility by Period

	IWDA.AS	IWVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	7.57%	-3.22%
Volatility (6M) Calculated over the trailing 6-month period	8.21%	11.05%	-2.84%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	16.62%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	14.58%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	16.54%	-1.50%