IWFV.L vs. FGBL.L
IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) are both exchange-traded funds - IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 10 years, IWFV.L returned 12.06%/yr vs 9.29%/yr for FGBL.L. Their correlation of 0.82 suggests significant overlap in exposure. IWFV.L charges 0.30%/yr vs 0.60%/yr for FGBL.L.
Performance
IWFV.L vs. FGBL.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 FGBL.L's 13.76% return. Over the past 10 years, IWFV.L has outperformed FGBL.L with an annualized return of 12.06%, while FGBL.L has yielded a comparatively lower 9.29% annualized 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%
FGBL.L
- 1D
- 0.26%
- 1M
- 1.06%
- 6M
- 10.74%
- YTD
- 13.76%
- 1Y
- 29.77%
- 3Y*
- 19.74%
- 5Y*
- 12.90%
- 10Y*
- 9.29%
IWFV.L vs. FGBL.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% | 12.04% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.76% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 11.01% | -5.93% | 11.89% |
Correlation
The correlation between IWFV.L and FGBL.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.82 |
Over the past year, the correlation between IWFV.L and FGBL.L has dropped to 0.57 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
IWFV.L vs. FGBL.L — Risk / Return Rank
IWFV.L
FGBL.L
IWFV.L vs. FGBL.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 First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.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 | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.57 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 5.22 | +2.37 |
| Martin ratioReturn relative to average drawdown | 23.93 | 18.20 | +5.74 |
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Drawdowns
IWFV.L vs. FGBL.L - Drawdown Comparison
The maximum IWFV.L drawdown since its inception was -42.78%, which is greater than FGBL.L's maximum drawdown of -40.36%. Use the drawdown chart below to compare losses from any high point for IWFV.L and FGBL.L.
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Drawdown Indicators
| IWFV.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.78% | -40.36% | -2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -5.68% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -19.86% | -12.45% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.86% | -12.45% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -28.79% | -29.44% | +0.65% |
Current DrawdownCurrent decline from peak | -7.02% | -0.03% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -8.01% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.63% | +0.62% |
Volatility
IWFV.L vs. FGBL.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a higher volatility of 5.71% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.11%. This indicates that IWFV.L's price experiences larger fluctuations and is considered to be riskier than FGBL.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 | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 2.11% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 7.11% | +6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 9.33% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 11.86% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 13.92% | +4.02% |
IWFV.L vs. FGBL.L - Expense Ratio Comparison
IWFV.L has a 0.30% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
IWFV.L vs. FGBL.L - Dividend Comparison
Neither IWFV.L nor FGBL.L has paid dividends to shareholders.
Frequently Asked Questions
IWFV.L and FGBL.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFV.L is cheaper with a 0.30% expense ratio, compared with 0.60% for FGBL.L.
IWFV.L is categorized as Global Equities, while FGBL.L is Dividend. IWFV.L tracks MSCI ACWI Value NR USD, while FGBL.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.30% for IWFV.L and 0.60% for FGBL.L.
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