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

IWVG.L vs. IWDA.L

Last updated Jun 4, 2026

IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IWVG.L tracks the MSCI ACWI Value NR USD while IWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 5 years, IWVG.L returned 16.67%/yr vs 13.03%/yr for IWDA.L. A 0.79 correlation means they provide meaningful diversification when combined. IWVG.L charges 0.30%/yr vs 0.20%/yr for IWDA.L.

Performance

IWVG.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWVG.L is traded in GBP, while IWDA.L is traded in USD. To make them comparable, the IWDA.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 35.18% return, which is significantly higher than IWDA.L's 10.12% return.

IWVG.L

1D
0.11%
1M
16.54%
YTD
35.18%
6M
37.33%
1Y
64.08%
3Y*
25.61%
5Y*
16.67%
10Y*
—

IWDA.L

1D
-0.27%
1M
4.87%
YTD
10.12%
6M
10.50%
1Y
27.28%
3Y*
17.82%
5Y*
13.03%
10Y*
14.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
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%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.12%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-2.70%

Correlation

The correlation between IWVG.L and IWDA.L is 0.72, 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

0.72

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

0.71

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

0.74

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

0.79

The correlation between IWVG.L and IWDA.L has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

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

Sectors
IWVG.L
IWDA.L

Technology

33.9%
32.9%

Financial Services

14.8%
14.9%

Industrials

11.3%
9.7%

Healthcare

8.8%
8.6%

Consumer Cyclical

7.9%
8.8%

Communication Services

7.6%
9.3%

Consumer Defensive

4.5%
4.8%

Energy

3.8%
3.9%

Basic Materials

3.0%
2.8%

Utilities

2.5%
2.4%

Real Estate

1.8%
1.2%

Technology

IWVG.L
33.9%
IWDA.L
32.9%

Financial Services

IWVG.L
14.8%
IWDA.L
14.9%

Industrials

IWVG.L
11.3%
IWDA.L
9.7%

Healthcare

IWVG.L
8.8%
IWDA.L
8.6%

Consumer Cyclical

IWVG.L
7.9%
IWDA.L
8.8%

Communication Services

IWVG.L
7.6%
IWDA.L
9.3%

Consumer Defensive

IWVG.L
4.5%
IWDA.L
4.8%

Energy

IWVG.L
3.8%
IWDA.L
3.9%

Basic Materials

IWVG.L
3.0%
IWDA.L
2.8%

Utilities

IWVG.L
2.5%
IWDA.L
2.4%

Real Estate

IWVG.L
1.8%
IWDA.L
1.2%

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

iShares Core MSCI World UCITS ETF USD (Acc)

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
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
IWDA.L
IWDA.L Risk / Return Rank: 6767
Overall Rank
IWDA.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6565
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7070
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.

IWVG.L vs. IWDA.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 iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

IWVG.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
4.78
2.34

+2.44

Sortino ratioReturn per unit of downside risk
6.40
3.25

+3.15

Omega ratioGain probability vs. loss probability

1.90

1.44

+0.47

Calmar ratioReturn relative to maximum drawdown

9.08

4.26

+4.82

Martin ratioReturn relative to average drawdown

33.80

16.05

+17.75

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

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

The current IWVG.L Sharpe Ratio is 4.78, which is higher than the IWDA.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of IWVG.L and IWDA.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

IWVG.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.78

2.34

+2.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.28

0.90

+0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.90

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.86

-0.12

Drawdowns

IWVG.L vs. IWDA.L - Drawdown Comparison

The maximum IWVG.L drawdown since its inception was -28.07%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IWVG.L and IWDA.L.

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Drawdown Indicators

IWVG.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.07%

-26.18%

-1.89%

Max Drawdown (1Y)

Largest decline over 1 year

-7.02%

-6.37%

-0.65%

Max Drawdown (3Y)

Largest decline over 3 years

-13.79%

-18.91%

+5.12%

Max Drawdown (5Y)

Largest decline over 5 years

-13.79%

-18.91%

+5.12%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.18%

—

Current Drawdown

Current decline from peak

0.00%

-0.27%

+0.27%

Average Drawdown

Average peak-to-trough decline

-4.31%

-3.39%

-0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.70%

+0.19%

Volatility

IWVG.L vs. IWDA.L - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a higher volatility of 5.65% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.47%. This indicates that IWVG.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWVG.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

3.47%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

10.92%

8.85%

+2.07%

Volatility (1Y)

Calculated over the trailing 1-year period

13.35%

11.65%

+1.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.07%

14.49%

-1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.57%

15.51%

+0.06%

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

IWVG.L has a 0.30% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

IWVG.L vs. IWDA.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		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

IWVG.L and IWDA.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for IWVG.L.

IWVG.L tracks MSCI ACWI Value NR USD, while IWDA.L tracks MSCI World Index. Their fees differ too: 0.30% for IWVG.L and 0.20% for IWDA.L.

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