IWFM.L vs. AVSG.L
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while AVSG.L is a Small Cap Value Equities fund actively managed by Avantis. IWFM.L is passively managed, while AVSG.L is actively managed. Over the past year, IWFM.L returned 34.99% vs 39.92% for AVSG.L. A 0.51 correlation means they provide meaningful diversification when combined. IWFM.L charges 0.25%/yr vs 0.39%/yr for AVSG.L.
Performance
IWFM.L vs. AVSG.L - Performance Comparison
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Different Trading Currencies
IWFM.L is traded in GBp, while AVSG.L is traded in USD. To make them comparable, the AVSG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWFM.L achieves a 22.13% return, which is significantly higher than AVSG.L's 18.08% return.
IWFM.L
- 1D
- -0.86%
- 1M
- 6.96%
- YTD
- 22.13%
- 6M
- 22.40%
- 1Y
- 34.99%
- 3Y*
- 26.24%
- 5Y*
- 14.83%
- 10Y*
- 16.44%
AVSG.L
- 1D
- 0.38%
- 1M
- 3.26%
- YTD
- 18.08%
- 6M
- 17.31%
- 1Y
- 39.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWFM.L vs. AVSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.13% | 12.72% | -1.38% |
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 18.04% | 4.18% | -3.04% |
Correlation
The correlation between IWFM.L and AVSG.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.51 |
The correlation between IWFM.L and AVSG.L shifts across timeframes, from 0.38 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWFM.L vs. AVSG.L — Risk / Return Rank
IWFM.L
AVSG.L
IWFM.L vs. AVSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) and Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.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.
| IWFM.L | AVSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.47 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 6.10 | -2.19 |
| Martin ratioReturn relative to average drawdown | 15.27 | 21.59 | -6.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWFM.L | AVSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.73 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.71 | +0.27 |
Drawdowns
IWFM.L vs. AVSG.L - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -22.58%, smaller than the maximum AVSG.L drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for IWFM.L and AVSG.L.
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Drawdown Indicators
| IWFM.L | AVSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -25.25% | +2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -6.51% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.48% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -7.68% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.84% | +0.46% |
Volatility
IWFM.L vs. AVSG.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 5.85% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) at 3.60%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than AVSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWFM.L | AVSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 3.60% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 10.50% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 14.57% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 17.69% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 17.69% | -0.51% |
IWFM.L vs. AVSG.L - Expense Ratio Comparison
IWFM.L has a 0.25% expense ratio, which is lower than AVSG.L's 0.39% expense ratio.
Dividends
IWFM.L vs. AVSG.L - Dividend Comparison
Neither IWFM.L nor AVSG.L has paid dividends to shareholders.
Frequently Asked Questions
IWFM.L and AVSG.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFM.L is cheaper with a 0.25% expense ratio, compared with 0.39% for AVSG.L.
IWFM.L is categorized as Momentum, while AVSG.L is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for IWFM.L and 0.39% for AVSG.L.
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