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

IWVG.L vs. IWFV.L

Last updated Jun 4, 2026

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

Performance

IWVG.L vs. IWFV.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 Edge MSCI World Value Factor UCITS ETF (IWFV.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 IWFV.L is traded in GBp. To make them comparable, the IWFV.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

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

IWVG.L

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

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWVG.L vs. IWFV.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%
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%

Correlation

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

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

Sectors
IWVG.L
IWFV.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

IWVG.L
33.9%
IWFV.L
33.9%

Financial Services

IWVG.L
14.8%
IWFV.L
14.8%

Industrials

IWVG.L
11.3%
IWFV.L
11.3%

Healthcare

IWVG.L
8.8%
IWFV.L
8.8%

Consumer Cyclical

IWVG.L
7.9%
IWFV.L
7.9%

Communication Services

IWVG.L
7.6%
IWFV.L
7.6%

Consumer Defensive

IWVG.L
4.5%
IWFV.L
4.5%

Energy

IWVG.L
3.8%
IWFV.L
3.8%

Basic Materials

IWVG.L
3.0%
IWFV.L
3.0%

Utilities

IWVG.L
2.5%
IWFV.L
2.5%

Real Estate

IWVG.L
1.8%
IWFV.L
1.8%

Compare stocks, funds, or ETFs

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

iShares Edge MSCI World Value Factor UCITS ETF

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 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

Return for Risk

IWVG.L vs. IWFV.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
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
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. IWFV.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 Edge MSCI World Value Factor UCITS ETF (IWFV.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.LIWFV.LDifference
Sharpe ratioReturn per unit of total volatility
4.78
5.11

-0.33

Sortino ratioReturn per unit of downside risk
6.40
6.89

-0.49

Omega ratioGain probability vs. loss probability

1.90

1.97

-0.06

Calmar ratioReturn relative to maximum drawdown

9.08

9.68

-0.60

Martin ratioReturn relative to average drawdown

33.80

37.44

-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.

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

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

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.78

5.11

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.28

1.35

-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

0.74

0.79

-0.06

Drawdowns

IWVG.L vs. IWFV.L - Drawdown Comparison

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

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Drawdown Indicators

IWVG.LIWFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.07%

-28.79%

+0.72%

Max Drawdown (1Y)

Largest decline over 1 year

-7.02%

-7.08%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.79%

-13.82%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-13.79%

-13.82%

+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

-4.31%

-4.38%

+0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.83%

+0.06%

Volatility

IWVG.L vs. IWFV.L - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) have volatilities of 5.65% and 5.47%, 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

IWVG.LIWFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

5.47%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

10.92%

11.17%

-0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.35%

13.42%

-0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.07%

13.09%

-0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.57%

15.10%

+0.47%

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

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

Dividends

IWVG.L vs. IWFV.L - Dividend Comparison

Neither IWVG.L nor IWFV.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, IWVG.L and IWFV.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.

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

Both ETFs track MSCI ACWI Value NR USD.

Portfolio Optimizer

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