IWLE.DE vs. MVEW.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares - IWLE.DE tracks the MSCI World Net TR Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 6.24%/yr for MVEW.DE. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWLE.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly higher than MVEW.DE's 2.03% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
MVEW.DE
- 1D
- -0.28%
- 1M
- 0.71%
- YTD
- 2.03%
- 6M
- 2.62%
- 1Y
- 4.44%
- 3Y*
- 7.47%
- 5Y*
- 6.24%
- 10Y*
- —
IWLE.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 32.34% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 2.03% | -1.00% | 17.31% | 6.25% | -5.88% | 26.06% | 1.72% |
Correlation
The correlation between IWLE.DE and MVEW.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.59 |
Over the past year, the correlation between IWLE.DE and MVEW.DE has dropped to 0.20 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IWLE.DE vs. MVEW.DE — Risk / Return Rank
IWLE.DE
MVEW.DE
IWLE.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE). 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.
| IWLE.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.10 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.96 | +1.62 |
| Martin ratioReturn relative to average drawdown | 11.25 | 2.36 | +8.89 |
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Drawdowns
IWLE.DE vs. MVEW.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than MVEW.DE's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and MVEW.DE.
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Drawdown Indicators
| IWLE.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -13.09% | -19.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -4.63% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -13.09% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -13.09% | -10.40% |
Current DrawdownCurrent decline from peak | -1.77% | -4.86% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -3.82% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.88% | -0.04% |
Volatility
IWLE.DE vs. MVEW.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 1.94%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 1.94% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 5.70% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 8.18% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 10.33% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 10.88% | +5.88% |
IWLE.DE vs. MVEW.DE - Expense Ratio Comparison
Both IWLE.DE and MVEW.DE have an expense ratio of 0.30%.
Dividends
IWLE.DE vs. MVEW.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while MVEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWLE.DE and MVEW.DE have a correlation of 0.20, 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.
IWLE.DE and MVEW.DE have the same expense ratio: 0.30% per year.
IWLE.DE tracks MSCI World Net TR Index, while MVEW.DE tracks MSCI ACWI NR USD.
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