IWVG.L vs. BCOM.L
IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) are both exchange-traded funds - IWVG.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while BCOM.L is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, IWVG.L returned 16.77%/yr vs 11.06%/yr for BCOM.L. At a 0.22 correlation, their price movements are largely independent. IWVG.L charges 0.30%/yr vs 0.15%/yr for BCOM.L.
Performance
IWVG.L vs. BCOM.L - Performance Comparison
Loading charts...
Different Trading Currencies
IWVG.L is traded in GBP, while BCOM.L is traded in USD. To make them comparable, the BCOM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWVG.L achieves a 27.55% return, which is significantly higher than BCOM.L's 21.29% return.
IWVG.L
- 1D
- 0.00%
- 1M
- -5.15%
- 6M
- 22.89%
- YTD
- 27.55%
- 1Y
- 54.17%
- 3Y*
- 24.43%
- 5Y*
- 16.77%
- 10Y*
- —
BCOM.L
- 1D
- 0.89%
- 1M
- 1.31%
- 6M
- 16.66%
- YTD
- 21.29%
- 1Y
- 29.87%
- 3Y*
- 11.37%
- 5Y*
- 11.06%
- 10Y*
- —
IWVG.L vs. BCOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.55% | 31.27% | 6.58% | 13.08% | 1.04% | 21.24% | -6.86% | 14.68% | -8.59% |
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 21.29% | 7.91% | 6.26% | -11.88% | 29.38% | 28.55% | -5.84% | 1.14% | -4.03% |
Correlation
The correlation between IWVG.L and BCOM.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.22 |
The correlation between IWVG.L and BCOM.L shifts across timeframes, from -0.10 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWVG.L vs. BCOM.L — Risk / Return Rank
IWVG.L
BCOM.L
IWVG.L vs. BCOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) and L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.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.
| IWVG.L | BCOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.30 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 7.71 | 2.29 | +5.42 |
| Martin ratioReturn relative to average drawdown | 24.07 | 6.99 | +17.08 |
Loading charts...
Drawdowns
IWVG.L vs. BCOM.L - Drawdown Comparison
The maximum IWVG.L drawdown since its inception was -28.07%, roughly equal to the maximum BCOM.L drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for IWVG.L and BCOM.L.
Loading charts...
Drawdown Indicators
| IWVG.L | BCOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -27.79% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -12.97% | +5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -13.92% | -14.40% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -27.75% | +13.83% |
Current DrawdownCurrent decline from peak | -6.92% | -7.80% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -11.31% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 4.20% | -1.96% |
Volatility
IWVG.L vs. BCOM.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a higher volatility of 6.06% compared to L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) at 4.10%. This indicates that IWVG.L's price experiences larger fluctuations and is considered to be riskier than BCOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWVG.L | BCOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 4.10% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 15.63% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 17.81% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 17.00% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 16.02% | -0.34% |
IWVG.L vs. BCOM.L - Expense Ratio Comparison
IWVG.L has a 0.30% expense ratio, which is higher than BCOM.L's 0.15% expense ratio.
Dividends
IWVG.L vs. BCOM.L - Dividend Comparison
IWVG.L's dividend yield for the trailing twelve months is around 1.94%, while BCOM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating 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) | 1.94% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
Frequently Asked Questions
IWVG.L and BCOM.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCOM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOM.L is cheaper with a 0.15% expense ratio, compared with 0.30% for IWVG.L.
IWVG.L is categorized as Global Equities, while BCOM.L is Commodities. IWVG.L tracks MSCI ACWI Value NR USD, while BCOM.L tracks Bloomberg Commodity Index Total Return. They also come from different issuers: iShares and L&G. Their fees differ too: 0.30% for IWVG.L and 0.15% for BCOM.L.
Find the right allocation for IWVG.L and BCOM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer