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

IWFV.L vs. IWVG.L

Last updated Jun 4, 2026

IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, IWFV.L returned 17.65%/yr vs 16.67%/yr for IWVG.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.

Performance

IWFV.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Value Factor UCITS ETF (IWFV.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

IWFV.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

The year-to-date returns for both stocks are quite close, with IWFV.L having a 35.48% return and IWVG.L slightly lower at 35.18%.

IWFV.L

1D
0.18%
1M
16.50%
YTD
35.48%
6M
38.78%
1Y
68.86%
3Y*
27.38%
5Y*
17.65%
10Y*
13.95%

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)

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

2026 (YTD)20252024202320222021202020192018
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		35.48%30.69%6.85%13.02%0.95%21.60%-6.91%14.69%-8.67%
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 IWFV.L and IWVG.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.97

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

0.98

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

0.99

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

0.98

The correlation between IWFV.L and IWVG.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

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

Sectors
IWFV.L
IWVG.L

Technology

33.9%
33.9%

Financial Services

14.8%
14.8%

Industrials

11.3%
11.3%

Healthcare

8.8%
8.8%

Consumer Cyclical

7.9%
7.9%

Communication Services

7.6%
7.6%

Consumer Defensive

4.5%
4.5%

Energy

3.8%
3.8%

Basic Materials

3.0%
3.0%

Utilities

2.5%
2.5%

Real Estate

1.8%
1.8%

Technology

IWFV.L
33.9%
IWVG.L
33.9%

Financial Services

IWFV.L
14.8%
IWVG.L
14.8%

Industrials

IWFV.L
11.3%
IWVG.L
11.3%

Healthcare

IWFV.L
8.8%
IWVG.L
8.8%

Consumer Cyclical

IWFV.L
7.9%
IWVG.L
7.9%

Communication Services

IWFV.L
7.6%
IWVG.L
7.6%

Consumer Defensive

IWFV.L
4.5%
IWVG.L
4.5%

Energy

IWFV.L
3.8%
IWVG.L
3.8%

Basic Materials

IWFV.L
3.0%
IWVG.L
3.0%

Utilities

IWFV.L
2.5%
IWVG.L
2.5%

Real Estate

IWFV.L
1.8%
IWVG.L
1.8%

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 Value Factor UCITS ETF

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

Often compared with IWFV.L:
IWFV.L vs. OEFIWFV.L vs. VOOIWFV.L vs. IOOIWFV.L vs. IWQU.LIWFV.L vs. VWRA.LIWFV.L vs. SMGB.LIWFV.L vs. IWDA.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. IUVD.LIWVG.L vs. VWRA.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWFV.L
IWFV.L Risk / Return Rank: 9797
Overall Rank
IWFV.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWFV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IWFV.L Omega Ratio Rank: 9797
Omega Ratio Rank
IWFV.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
IWFV.L Martin Ratio Rank: 9696
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.

IWFV.L vs. IWVG.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 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.

IWFV.LIWVG.LDifference
Sharpe ratioReturn per unit of total volatility
5.11
4.78

+0.33

Sortino ratioReturn per unit of downside risk
6.89
6.40

+0.49

Omega ratioGain probability vs. loss probability

1.97

1.90

+0.06

Calmar ratioReturn relative to maximum drawdown

9.68

9.08

+0.60

Martin ratioReturn relative to average drawdown

37.44

33.80

+3.64

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

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

The current IWFV.L Sharpe Ratio is 5.11, which is comparable to the IWVG.L Sharpe Ratio of 4.78. The chart below compares the historical Sharpe Ratios of IWFV.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

IWFV.LIWVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.11

4.78

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.35

1.28

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.74

+0.06

Drawdowns

IWFV.L vs. IWVG.L - Drawdown Comparison

The maximum IWFV.L drawdown since its inception was -28.79%, roughly equal to the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for IWFV.L and IWVG.L.

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Drawdown Indicators

IWFV.LIWVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.79%

-28.07%

-0.72%

Max Drawdown (1Y)

Largest decline over 1 year

-7.08%

-7.02%

-0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.82%

-13.79%

-0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-13.82%

-13.79%

-0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-28.79%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.38%

-4.31%

-0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.83%

1.89%

-0.06%

Volatility

IWFV.L vs. IWVG.L - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) have volatilities of 5.47% and 5.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWFV.LIWVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.47%

5.65%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

11.17%

10.92%

+0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

13.35%

+0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.09%

13.07%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.10%

15.57%

-0.47%

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

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

Dividends

IWFV.L vs. IWVG.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018
IWFV.L
iShares Edge MSCI World Value 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

With a correlation of 0.97, IWFV.L and IWVG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

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

Both ETFs track MSCI ACWI Value NR USD.

Portfolio Optimizer

Find the right allocation for IWFV.L and IWVG.L

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