IWFV.L vs. BCOG.L
IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) and BCOG.L (L&G All Commodities UCITS ETF) are both exchange-traded funds - IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while BCOG.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, IWFV.L returned 16.75%/yr vs 11.11%/yr for BCOG.L. At a 0.21 correlation, their price movements are largely independent. IWFV.L charges 0.30%/yr vs 0.15%/yr for BCOG.L.
Performance
IWFV.L vs. BCOG.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWFV.L achieves a 27.74% return, which is significantly higher than BCOG.L's 21.27% return.
IWFV.L
- 1D
- -0.24%
- 1M
- -5.28%
- 6M
- 22.71%
- YTD
- 27.74%
- 1Y
- 53.97%
- 3Y*
- 24.39%
- 5Y*
- 16.75%
- 10Y*
- 12.06%
BCOG.L
- 1D
- 1.01%
- 1M
- 2.18%
- 6M
- 16.83%
- YTD
- 21.27%
- 1Y
- 29.88%
- 3Y*
- 11.50%
- 5Y*
- 11.11%
- 10Y*
- —
IWFV.L vs. BCOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 27.74% | 30.69% | 6.85% | 13.02% | 0.95% | 21.60% | -6.91% | 14.69% | -9.34% | 8.27% |
BCOG.L L&G All Commodities UCITS ETF | 21.27% | 8.16% | 6.13% | -12.32% | 29.36% | 29.04% | -6.24% | 1.82% | -1.43% | -23.52% |
Correlation
The correlation between IWFV.L and BCOG.L is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.21 |
The correlation between IWFV.L and BCOG.L shifts across timeframes, from -0.09 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWFV.L vs. BCOG.L — Risk / Return Rank
IWFV.L
BCOG.L
IWFV.L vs. BCOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) and L&G All Commodities UCITS ETF (BCOG.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.
| IWFV.L | BCOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.29 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 2.24 | +5.35 |
| Martin ratioReturn relative to average drawdown | 23.93 | 6.84 | +17.10 |
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Drawdowns
IWFV.L vs. BCOG.L - Drawdown Comparison
The maximum IWFV.L drawdown since its inception was -42.78%, which is greater than BCOG.L's maximum drawdown of -40.03%. Use the drawdown chart below to compare losses from any high point for IWFV.L and BCOG.L.
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Drawdown Indicators
| IWFV.L | BCOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.78% | -40.03% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -13.29% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.86% | -26.54% | +6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.86% | -27.76% | +7.90% |
Max Drawdown (10Y)Largest decline over 10 years | -28.79% | — | — |
Current DrawdownCurrent decline from peak | -7.02% | -7.97% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -18.96% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 4.29% | -2.04% |
Volatility
IWFV.L vs. BCOG.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a higher volatility of 5.71% compared to L&G All Commodities UCITS ETF (BCOG.L) at 4.58%. This indicates that IWFV.L's price experiences larger fluctuations and is considered to be riskier than BCOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWFV.L | BCOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 4.58% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 16.08% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 18.10% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 21.53% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 19.84% | -1.90% |
IWFV.L vs. BCOG.L - Expense Ratio Comparison
IWFV.L has a 0.30% expense ratio, which is higher than BCOG.L's 0.15% expense ratio.
Dividends
IWFV.L vs. BCOG.L - Dividend Comparison
Neither IWFV.L nor BCOG.L has paid dividends to shareholders.
Frequently Asked Questions
IWFV.L and BCOG.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCOG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOG.L is cheaper with a 0.15% expense ratio, compared with 0.30% for IWFV.L.
IWFV.L is categorized as Global Equities, while BCOG.L is Commodities. IWFV.L tracks MSCI ACWI Value NR USD, while BCOG.L tracks Bloomberg Commodity. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.30% for IWFV.L and 0.15% for BCOG.L.
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