IWDG.L vs. IWVL.L

Last updated Apr 2, 2026

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

IWDG.L 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. 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. 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 IWDG.L 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

IWDG.L vs. IWVL.L - 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 Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDG.L iShares Core MSCI World UCITS ETF	-2.02%	18.71%	21.37%	23.13%	-17.43%	24.30%	11.80%	24.91%	-8.73%	8.87%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	7.96%	30.41%	6.96%	13.56%	0.94%	21.25%	-6.50%	13.64%	-8.94%	9.84%

Different Trading Currencies

IWDG.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, IWDG.L achieves a -2.02% return, which is significantly lower than IWVL.L's 7.96% return.

IWDG.L

• 1D: 2.60%
• 1M: -3.53%
• YTD: -2.02%
• 6M: 1.65%
• 1Y: 19.24%
• 3Y*: 17.55%
• 5Y*: 10.70%
• 10Y*: —

IWVL.L

• 1D: 4.02%
• 1M: -1.62%
• YTD: 7.96%
• 6M: 18.25%
• 1Y: 35.60%
• 3Y*: 18.21%
• 5Y*: 13.14%
• 10Y*: 11.54%

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

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

IWDG.L has a 0.30% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.

IWDG.L

iShares Core MSCI World UCITS ETF

IWVL.L

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

Return for Risk

IWDG.L vs. IWVL.L — 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: 71
IWDG.L Sharpe Ratio Rank: 67
IWDG.L Sortino Ratio Rank: 66
IWDG.L Omega Ratio Rank: 67
IWDG.L Calmar Ratio Rank: 76
IWDG.L Martin Ratio Rank: 81

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.

IWDG.L vs. IWVL.L - 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 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.

	IWDG.L	IWVL.L	Difference
Sharpe ratio Return per unit of total volatility	1.23	2.28	-1.04
Sortino ratio Return per unit of downside risk	1.74	2.96	-1.22
Omega ratio Gain probability vs. loss probability	1.26	1.44	-0.18
Calmar ratio Return relative to maximum drawdown	2.25	4.66	-2.41
Martin ratio Return relative to average drawdown	9.77	18.09	-8.32
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. IWVL.L - Sharpe Ratio Comparison

The current IWDG.L Sharpe Ratio is 1.23, which is lower than the IWVL.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of IWDG.L 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

	IWDG.L	IWVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.28	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.94	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.64	+0.04

Correlation

The correlation between IWDG.L and IWVL.L is 0.74, 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

IWDG.L vs. IWVL.L - Dividend Comparison

IWDG.L's dividend yield for the trailing twelve months is around 1.12%, while IWVL.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDG.L iShares Core MSCI World UCITS ETF	1.12%	1.11%	1.24%	1.42%	1.74%	1.19%	1.35%	1.83%	2.14%	0.61%
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%

Drawdowns

IWDG.L vs. IWVL.L - Drawdown Comparison

The maximum IWDG.L drawdown since its inception was -34.20%, 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 IWDG.L and IWVL.L.

Drawdown Indicators

	IWDG.L	IWVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.20%	-39.30%	+5.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-12.04%	+0.23%
Max Drawdown (5Y) Largest decline over 5 years	-22.82%	-26.55%	+3.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	-4.57%	-4.85%	+0.28%
Average Drawdown Average peak-to-trough decline	-4.70%	-7.60%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.47%	-0.53%

Volatility

IWDG.L vs. IWVL.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF (IWDG.L) is 5.09%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 7.62%. This indicates that IWDG.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.

Volatility by Period

	IWDG.L	IWVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	7.62%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	11.18%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	15.58%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	14.04%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	15.93%	+0.07%