IWDG.L vs. EVLU

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Core MSCI World UCITS ETF (IWDG.L) and iShares MSCI Emerging Markets Value Factor ETF (EVLU).

IWDG.L and EVLU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDG.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Jul 28, 2023. EVLU is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Value Factor Select Index (Net). It was launched on Sep 4, 2024. Both IWDG.L and EVLU 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

IWDG.L vs. EVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI World UCITS ETF (IWDG.L) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). The values are adjusted to include any dividend payments, if applicable.

IWDG.L vs. EVLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWDG.L iShares Core MSCI World UCITS ETF	-4.50%	18.71%	8.40%
EVLU iShares MSCI Emerging Markets Value Factor ETF	6.42%	28.67%	6.61%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IWDG.L achieves a -4.50% return, which is significantly lower than EVLU's 6.42% return.

IWDG.L

• 1D: 0.56%
• 1M: -6.55%
• YTD: -4.50%
• 6M: -0.28%
• 1Y: 17.79%
• 3Y*: 16.55%
• 5Y*: 10.14%
• 10Y*: —

EVLU

• 1D: 2.68%
• 1M: -8.49%
• YTD: 6.42%
• 6M: 16.83%
• 1Y: 35.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWDG.L vs. EVLU - Expense Ratio Comparison

IWDG.L has a 0.30% expense ratio, which is lower than EVLU's 0.35% expense ratio.

EVLU

iShares MSCI Emerging Markets Value Factor ETF

IWDG.L

iShares Core MSCI World UCITS ETF

Return for Risk

IWDG.L vs. EVLU — Risk / Return Rank

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

IWDG.L

IWDG.L Risk / Return Rank: 63
IWDG.L Sharpe Ratio Rank: 65
IWDG.L Sortino Ratio Rank: 63
IWDG.L Omega Ratio Rank: 66
IWDG.L Calmar Ratio Rank: 53
IWDG.L Martin Ratio Rank: 67

EVLU

EVLU Risk / Return Rank: 89
EVLU Sharpe Ratio Rank: 89
EVLU Sortino Ratio Rank: 90
EVLU Omega Ratio Rank: 90
EVLU Calmar Ratio Rank: 89
EVLU Martin Ratio Rank: 87

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.

IWDG.L vs. EVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF (IWDG.L) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.

	IWDG.L	EVLU	Difference
Sharpe ratio Return per unit of total volatility	1.15	1.92	-0.76
Sortino ratio Return per unit of downside risk	1.63	2.57	-0.94
Omega ratio Gain probability vs. loss probability	1.24	1.38	-0.13
Calmar ratio Return relative to maximum drawdown	1.37	2.91	-1.54
Martin ratio Return relative to average drawdown	6.81	9.68	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDG.L vs. EVLU - Sharpe Ratio Comparison

The current IWDG.L Sharpe Ratio is 1.15, which is lower than the EVLU Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of IWDG.L and EVLU, 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

	IWDG.L	EVLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.92	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.58	-0.92

Correlation

The correlation between IWDG.L and EVLU is 0.38, 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

IWDG.L vs. EVLU - Dividend Comparison

IWDG.L's dividend yield for the trailing twelve months is around 1.15%, less than EVLU's 4.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDG.L iShares Core MSCI World UCITS ETF	1.15%	1.11%	1.24%	1.42%	1.74%	1.19%	1.35%	1.83%	2.14%	0.61%
EVLU iShares MSCI Emerging Markets Value Factor ETF	4.98%	5.20%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IWDG.L vs. EVLU - Drawdown Comparison

The maximum IWDG.L drawdown since its inception was -34.20%, which is greater than EVLU's maximum drawdown of -16.09%. Use the drawdown chart below to compare losses from any high point for IWDG.L and EVLU.

Drawdown Indicators

	IWDG.L	EVLU	Difference
Max Drawdown Largest peak-to-trough decline	-34.20%	-17.17%	-17.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-13.13%	+1.32%
Max Drawdown (5Y) Largest decline over 5 years	-22.82%	—	—
Current Drawdown Current decline from peak	-6.99%	-10.30%	+3.31%
Average Drawdown Average peak-to-trough decline	-4.70%	-3.58%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	3.54%	-1.16%

Volatility

IWDG.L vs. EVLU - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF (IWDG.L) is 4.57%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 8.53%. This indicates that IWDG.L experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWDG.L	EVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	8.53%	-3.96%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	13.07%	-4.73%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	18.39%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.76%	17.53%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	17.53%	-1.55%