PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IWFM.L vs. VEVE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWFM.L vs. VEVE.L

Last updated Jun 5, 2026

IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWFM.L returned 16.44%/yr vs 14.04%/yr for VEVE.L. Their correlation of 0.84 suggests significant overlap in exposure. IWFM.L charges 0.25%/yr vs 0.12%/yr for VEVE.L.

Performance

IWFM.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IWFM.L is traded in GBp, while VEVE.L is traded in GBP. To make them comparable, the VEVE.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 VEVE.L's 11.86% return. Over the past 10 years, IWFM.L has outperformed VEVE.L with an annualized return of 16.44%, while VEVE.L has yielded a comparatively lower 14.04% annualized return.

IWFM.L

1D
-0.86%
1M
8.93%
YTD
22.13%
6M
22.59%
1Y
35.15%
3Y*
26.24%
5Y*
14.83%
10Y*
16.44%

VEVE.L

1D
-0.07%
1M
5.51%
YTD
11.86%
6M
12.36%
1Y
29.91%
3Y*
18.36%
5Y*
13.29%
10Y*
14.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFM.L vs. VEVE.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWFM.L
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)		22.13%12.72%32.62%5.85%-8.21%15.58%24.16%23.25%1.62%20.40%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		11.86%13.81%20.22%17.45%-8.34%22.68%12.44%22.90%-4.39%12.62%

Correlation

The correlation between IWFM.L and VEVE.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Oct 8, 2014

0.84

The correlation between IWFM.L and VEVE.L has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

IWFM.L vs. VEVE.L - Sectors Allocation Comparison

Sectors
IWFM.L
VEVE.L

Technology

26.0%
29.0%

Industrials

18.7%
11.5%

Financial Services

13.1%
15.6%

Healthcare

10.7%
8.5%

Energy

10.6%
4.1%

Communication Services

6.8%
9.0%

Basic Materials

6.0%
3.4%

Utilities

3.7%
2.6%

Consumer Cyclical

1.6%
9.3%

Consumer Defensive

1.5%
5.1%

Real Estate

1.4%
2.0%

Technology

IWFM.L
26.0%
VEVE.L
29.0%

Industrials

IWFM.L
18.7%
VEVE.L
11.5%

Financial Services

IWFM.L
13.1%
VEVE.L
15.6%

Healthcare

IWFM.L
10.7%
VEVE.L
8.5%

Energy

IWFM.L
10.6%
VEVE.L
4.1%

Communication Services

IWFM.L
6.8%
VEVE.L
9.0%

Basic Materials

IWFM.L
6.0%
VEVE.L
3.4%

Utilities

IWFM.L
3.7%
VEVE.L
2.6%

Consumer Cyclical

IWFM.L
1.6%
VEVE.L
9.3%

Consumer Defensive

IWFM.L
1.5%
VEVE.L
5.1%

Real Estate

IWFM.L
1.4%
VEVE.L
2.0%

Compare stocks, funds, or ETFs

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

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)

Vanguard FTSE Developed World UCITS ETF Distributing

Often compared with IWFM.L:
IWFM.L vs. SPMOIWFM.L vs. XDEM.DEIWFM.L vs. IMTMIWFM.L vs. IUMF.LIWFM.L vs. SPYIWFM.L vs. JPGL.LIWFM.L vs. ACWI
Often compared with VEVE.L:
VEVE.L vs. VWRL.LVEVE.L vs. VUSA.LVEVE.L vs. VFEM.DEVEVE.L vs. HMWO.LVEVE.L vs. FTWG.LVEVE.L vs. LGGG.LVEVE.L vs. VNRT.L

Return for Risk

IWFM.L vs. VEVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWFM.L
IWFM.L Risk / Return Rank: 7272
Overall Rank
IWFM.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWFM.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
IWFM.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWFM.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
IWFM.L Martin Ratio Rank: 8080
Martin Ratio Rank
VEVE.L
VEVE.L Risk / Return Rank: 8686
Overall Rank
VEVE.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEVE.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VEVE.L Omega Ratio Rank: 8989
Omega Ratio Rank
VEVE.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEVE.L Martin Ratio Rank: 8585
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.

IWFM.L vs. VEVE.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 Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.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.LVEVE.LDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.89

-0.73

Sortino ratioReturn per unit of downside risk
3.18
3.96

-0.78

Omega ratioGain probability vs. loss probability

1.39

1.55

-0.16

Calmar ratioReturn relative to maximum drawdown

3.91

4.29

-0.38

Martin ratioReturn relative to average drawdown

15.27

17.65

-2.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWFM.L vs. VEVE.L - Sharpe Ratio Comparison

The current IWFM.L Sharpe Ratio is 2.16, which is comparable to the VEVE.L Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of IWFM.L and VEVE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IWFM.LVEVE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.89

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

1.01

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

0.98

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.91

+0.06

Drawdowns

IWFM.L vs. VEVE.L - Drawdown Comparison

The maximum IWFM.L drawdown since its inception was -22.58%, smaller than the maximum VEVE.L drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for IWFM.L and VEVE.L.

Loading charts...

Drawdown Indicators

IWFM.LVEVE.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.58%

-25.52%

+2.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.95%

-6.94%

-2.01%

Max Drawdown (3Y)

Largest decline over 3 years

-20.40%

-18.34%

-2.06%

Max Drawdown (5Y)

Largest decline over 5 years

-20.40%

-18.34%

-2.06%

Max Drawdown (10Y)

Largest decline over 10 years

-22.58%

-25.52%

+2.94%

Current Drawdown

Current decline from peak

-0.86%

-0.35%

-0.51%

Average Drawdown

Average peak-to-trough decline

-4.94%

-3.41%

-1.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

1.69%

+0.61%

Volatility

IWFM.L vs. VEVE.L - Volatility Comparison

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 5.85% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 2.72%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than VEVE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IWFM.LVEVE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

2.72%

+3.13%

Volatility (6M)

Calculated over the trailing 6-month period

13.75%

7.55%

+6.20%

Volatility (1Y)

Calculated over the trailing 1-year period

16.21%

10.31%

+5.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.47%

13.09%

+3.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.18%

14.33%

+2.85%

IWFM.L vs. VEVE.L - Expense Ratio Comparison

IWFM.L has a 0.25% expense ratio, which is higher than VEVE.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWFM.L vs. VEVE.L - Dividend Comparison

IWFM.L has not paid dividends to shareholders, while VEVE.L's dividend yield for the trailing twelve months is around 1.23%.

PositionTTM20252024202320222021202020192018201720162015
IWFM.L
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		1.23%1.38%1.48%1.71%1.98%1.46%1.62%1.95%2.24%1.93%1.88%2.03%

Frequently Asked Questions

IWFM.L and VEVE.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VEVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEVE.L is cheaper with a 0.12% expense ratio, compared with 0.25% for IWFM.L.

IWFM.L is categorized as Momentum, while VEVE.L is Global Equities. IWFM.L tracks MSCI World Momentum Index, while VEVE.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IWFM.L and 0.12% for VEVE.L.

Portfolio Optimizer

Find the right allocation for IWFM.L and VEVE.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer