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IWDG.L vs. MVOL.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IWDG.L vs. MVOL.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 Minimum Volatility UCITS (MVOL.L).

IWDG.L and MVOL.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. MVOL.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Nov 30, 2012. Both IWDG.L and MVOL.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. MVOL.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 Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
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%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.98%3.11%13.02%1.92%1.12%15.73%-0.45%17.90%3.39%3.37%
Different Trading Currencies

IWDG.L is traded in GBp, while MVOL.L is traded in USD. To make them comparable, the MVOL.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 MVOL.L's 1.98% 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*
—

MVOL.L

1D
0.74%
1M
-2.55%
YTD
1.98%
6M
2.03%
1Y
0.40%
3Y*
6.70%
5Y*
7.05%
10Y*
8.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI World UCITS ETF

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with IWDG.L:
IWDG.L vs. NQSE.DEIWDG.L vs. VTIWDG.L vs. EVLUIWDG.L vs. VUSA.DEIWDG.L vs. IGDA.LIWDG.L vs. IS3N.DEIWDG.L vs. EUNK.DE
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. VHYG.LMVOL.L vs. SLXX.L

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

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

MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS
IWDG.L
iShares Core MSCI World UCITS ETF

Return for Risk

IWDG.L vs. MVOL.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: 7171
Overall Rank
IWDG.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDG.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
IWDG.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDG.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
IWDG.L Martin Ratio Rank: 8181
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1919
Overall Rank
MVOL.L Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1717
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1818
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 2323
Martin Ratio Rank
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. MVOL.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 Minimum Volatility UCITS (MVOL.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.LMVOL.LDifference

Sharpe ratio

Return per unit of total volatility

1.23

0.04

+1.20

Sortino ratio

Return per unit of downside risk

1.74

0.12

+1.62

Omega ratio

Gain probability vs. loss probability

1.26

1.02

+0.25

Calmar ratio

Return relative to maximum drawdown

2.25

0.19

+2.06

Martin ratio

Return relative to average drawdown

9.77

0.56

+9.20

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. MVOL.L - Sharpe Ratio Comparison

The current IWDG.L Sharpe Ratio is 1.23, which is higher than the MVOL.L Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of IWDG.L and MVOL.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.

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Sharpe Ratios by Period

IWDG.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.23

0.04

+1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.66

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.64

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.80

-0.13

Correlation

The correlation between IWDG.L and MVOL.L is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IWDG.L vs. MVOL.L - Dividend Comparison

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

TTM202520242023202220212020201920182017
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%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

IWDG.L vs. MVOL.L - Drawdown Comparison

The maximum IWDG.L drawdown since its inception was -34.20%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for IWDG.L and MVOL.L.

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Drawdown Indicators

IWDG.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.20%

-28.82%

-5.38%

Max Drawdown (1Y)

Largest decline over 1 year

-11.81%

-8.14%

-3.67%

Max Drawdown (5Y)

Largest decline over 5 years

-22.82%

-18.52%

-4.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.82%

—

Current Drawdown

Current decline from peak

-4.57%

-4.18%

-0.39%

Average Drawdown

Average peak-to-trough decline

-4.70%

-3.33%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

1.97%

-0.03%

Volatility

IWDG.L vs. MVOL.L - Volatility Comparison

iShares Core MSCI World UCITS ETF (IWDG.L) has a higher volatility of 5.09% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 3.67%. This indicates that IWDG.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDG.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

3.67%

+1.42%

Volatility (6M)

Calculated over the trailing 6-month period

8.72%

6.49%

+2.23%

Volatility (1Y)

Calculated over the trailing 1-year period

15.57%

10.41%

+5.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.81%

10.61%

+4.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.00%

12.50%

+3.50%