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IWFS.L vs. IWVG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWFS.L vs. IWVG.L

Last updated Jun 4, 2026

IWFS.L (iShares Edge MSCI World Size Factor UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - IWFS.L tracks the MSCI ACWI NR USD while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, IWFS.L returned 6.48%/yr vs 16.67%/yr for IWVG.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

IWFS.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Size Factor UCITS ETF (IWFS.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWFS.L is traded in GBp, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWFS.L achieves a 5.97% return, which is significantly lower than IWVG.L's 35.18% return.

IWFS.L

1D
-0.25%
1M
2.16%
YTD
5.97%
6M
7.57%
1Y
18.04%
3Y*
11.62%
5Y*
6.48%
10Y*
9.12%

IWVG.L

1D
0.11%
1M
16.54%
YTD
35.18%
6M
37.33%
1Y
64.08%
3Y*
25.61%
5Y*
16.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFS.L vs. IWVG.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IWFS.L
iShares Edge MSCI World Size Factor UCITS ETF		5.97%13.13%7.64%9.74%-8.21%13.88%7.33%19.31%-7.62%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		35.18%27.50%5.20%13.05%1.04%21.47%-6.83%14.46%-8.49%

Correlation

The correlation between IWFS.L and IWVG.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.74

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

0.82

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

0.84

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.88

The correlation between IWFS.L and IWVG.L shifts across timeframes, from 0.74 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

IWFS.L vs. IWVG.L - Sectors Allocation Comparison

Sectors
IWFS.L
IWVG.L

Industrials

21.4%
11.3%

Financial Services

14.2%
14.8%

Technology

12.0%
33.9%

Consumer Cyclical

9.7%
7.9%

Healthcare

7.4%
8.8%

Basic Materials

7.1%
3.0%

Real Estate

6.9%
1.8%

Consumer Defensive

6.6%
4.5%

Utilities

6.3%
2.5%

Communication Services

4.8%
7.6%

Energy

3.5%
3.8%

Industrials

IWFS.L
21.4%
IWVG.L
11.3%

Financial Services

IWFS.L
14.2%
IWVG.L
14.8%

Technology

IWFS.L
12.0%
IWVG.L
33.9%

Consumer Cyclical

IWFS.L
9.7%
IWVG.L
7.9%

Healthcare

IWFS.L
7.4%
IWVG.L
8.8%

Basic Materials

IWFS.L
7.1%
IWVG.L
3.0%

Real Estate

IWFS.L
6.9%
IWVG.L
1.8%

Consumer Defensive

IWFS.L
6.6%
IWVG.L
4.5%

Utilities

IWFS.L
6.3%
IWVG.L
2.5%

Communication Services

IWFS.L
4.8%
IWVG.L
7.6%

Energy

IWFS.L
3.5%
IWVG.L
3.8%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Size Factor UCITS ETF

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

Often compared with IWFS.L:
IWFS.L vs. URTHIWFS.L vs. EQQQ.LIWFS.L vs. VOOIWFS.L vs. XDEQ.LIWFS.L vs. VEAIWFS.L vs. IWFV.LIWFS.L vs. XLKQ.L
Often compared with IWVG.L:
IWVG.L vs. IWQU.LIWVG.L vs. VTVIWVG.L vs. XDEV.LIWVG.L vs. URTHIWVG.L vs. VTIWVG.L vs. VWRA.LIWVG.L vs. IUVD.L

Return for Risk

IWFS.L vs. IWVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWFS.L
IWFS.L Risk / Return Rank: 4949
Overall Rank
IWFS.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
IWFS.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
IWFS.L Omega Ratio Rank: 5151
Omega Ratio Rank
IWFS.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
IWFS.L Martin Ratio Rank: 4747
Martin Ratio Rank
IWVG.L
IWVG.L Risk / Return Rank: 9797
Overall Rank
IWVG.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWVG.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVG.L Omega Ratio Rank: 9797
Omega Ratio Rank
IWVG.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
IWVG.L Martin Ratio Rank: 9696
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.

IWFS.L vs. IWVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Size Factor UCITS ETF (IWFS.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.

IWFS.LIWVG.LDifference
Sharpe ratioReturn per unit of total volatility
1.76
4.78

-3.02

Sortino ratioReturn per unit of downside risk
2.47
6.40

-3.93

Omega ratioGain probability vs. loss probability

1.32

1.90

-0.59

Calmar ratioReturn relative to maximum drawdown

2.16

9.08

-6.92

Martin ratioReturn relative to average drawdown

7.65

33.80

-26.14

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

IWFS.L vs. IWVG.L - Sharpe Ratio Comparison

The current IWFS.L Sharpe Ratio is 1.76, which is lower than the IWVG.L Sharpe Ratio of 4.78. The chart below compares the historical Sharpe Ratios of IWFS.L and IWVG.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.

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Sharpe Ratios by Period

IWFS.LIWVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

4.78

-3.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

1.28

-0.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.74

-0.11

Drawdowns

IWFS.L vs. IWVG.L - Drawdown Comparison

The maximum IWFS.L drawdown since its inception was -29.90%, which is greater than IWVG.L's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for IWFS.L and IWVG.L.

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Drawdown Indicators

IWFS.LIWVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.90%

-28.07%

-1.83%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-7.02%

-1.29%

Max Drawdown (3Y)

Largest decline over 3 years

-14.42%

-13.79%

-0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-13.79%

-3.54%

Max Drawdown (10Y)

Largest decline over 10 years

-29.90%

—

—

Current Drawdown

Current decline from peak

-1.18%

0.00%

-1.18%

Average Drawdown

Average peak-to-trough decline

-4.67%

-4.31%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.35%

1.89%

+0.46%

Volatility

IWFS.L vs. IWVG.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Size Factor UCITS ETF (IWFS.L) is 2.52%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 5.65%. This indicates that IWFS.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWFS.LIWVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

5.65%

-3.13%

Volatility (6M)

Calculated over the trailing 6-month period

7.94%

10.92%

-2.98%

Volatility (1Y)

Calculated over the trailing 1-year period

10.23%

13.35%

-3.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.96%

13.07%

-0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.40%

15.57%

-1.17%

IWFS.L vs. IWVG.L - Expense Ratio Comparison

Both IWFS.L and IWVG.L have an expense ratio of 0.30%.

Dividends

IWFS.L vs. IWVG.L - Dividend Comparison

Neither IWFS.L nor IWVG.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
IWFS.L
iShares Edge MSCI World Size Factor UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		0.00%0.00%1.82%3.23%3.12%2.61%2.37%2.90%2.48%

Frequently Asked Questions

IWFS.L and IWVG.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IWFS.L and IWVG.L have the same expense ratio: 0.30% per year.

IWFS.L tracks MSCI ACWI NR USD, while IWVG.L tracks MSCI ACWI Value NR USD.

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