IWFM.L vs. MVEW.L
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while MVEW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IWFM.L returned 12.94%/yr vs 5.98%/yr for MVEW.L. At a 0.50 correlation, their price movements are largely independent. IWFM.L charges 0.25%/yr vs 0.30%/yr for MVEW.L.
Performance
IWFM.L vs. MVEW.L - Performance Comparison
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Different Trading Currencies
IWFM.L is traded in GBp, while MVEW.L is traded in GBP. To make them comparable, the MVEW.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 15.16% return, which is significantly higher than MVEW.L's 2.49% return.
IWFM.L
- 1D
- -1.38%
- 1M
- -8.59%
- 6M
- 10.44%
- YTD
- 15.16%
- 1Y
- 24.10%
- 3Y*
- 23.53%
- 5Y*
- 12.94%
- 10Y*
- 14.26%
MVEW.L
- 1D
- 0.82%
- 1M
- 2.15%
- 6M
- 2.15%
- YTD
- 2.49%
- 1Y
- 5.47%
- 3Y*
- 8.21%
- 5Y*
- 5.98%
- 10Y*
- —
IWFM.L vs. MVEW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 15.16% | 12.72% | 32.62% | 5.85% | -8.21% | 12.16% |
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 2.49% | 3.61% | 12.60% | 3.91% | -0.44% | 12.39% |
Correlation
The correlation between IWFM.L and MVEW.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.50 |
Over the past year, the correlation between IWFM.L and MVEW.L has dropped to 0.03 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IWFM.L vs. MVEW.L — Risk / Return Rank
IWFM.L
MVEW.L
IWFM.L vs. MVEW.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 iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWFM.L | MVEW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.94 | +1.22 |
| Martin ratioReturn relative to average drawdown | 8.29 | 2.34 | +5.95 |
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Drawdowns
IWFM.L vs. MVEW.L - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -41.86%, which is greater than MVEW.L's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for IWFM.L and MVEW.L.
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Drawdown Indicators
| IWFM.L | MVEW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -10.07% | -31.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -5.78% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -8.99% | -12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -10.07% | -11.08% |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | — | — |
Current DrawdownCurrent decline from peak | -11.11% | -0.96% | -10.15% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -2.64% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.33% | +0.57% |
Volatility
IWFM.L vs. MVEW.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 8.80% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 2.59%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 2.59% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 6.17% | +10.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 8.30% | +10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 9.87% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.70% | 9.82% | +9.88% |
IWFM.L vs. MVEW.L - Expense Ratio Comparison
IWFM.L has a 0.25% expense ratio, which is lower than MVEW.L's 0.30% expense ratio.
Dividends
IWFM.L vs. MVEW.L - Dividend Comparison
Neither IWFM.L nor MVEW.L has paid dividends to shareholders.
Frequently Asked Questions
IWFM.L and MVEW.L have a correlation of 0.03, 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 0.30% for MVEW.L.
IWFM.L is categorized as Momentum, while MVEW.L is Global Equities. IWFM.L tracks MSCI World Momentum Index, while MVEW.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for IWFM.L and 0.30% for MVEW.L.
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