IWVG.L vs. MIST.L

Last updated Jul 18, 2026

IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - IWVG.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while MIST.L is a Ultrashort Bond fund actively managed by PIMCO. IWVG.L is passively managed, while MIST.L is actively managed. Over the past 5 years, IWVG.L returned 16.77%/yr vs 3.14%/yr for MIST.L. At a 0.01 correlation, their price movements are largely independent. IWVG.L charges 0.30%/yr vs 0.40%/yr for MIST.L.

Performance

IWVG.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWVG.L achieves a 27.55% return, which is significantly higher than MIST.L's 2.23% 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*: —

MIST.L

• 1D: 0.00%
• 1M: 0.32%
• 6M: 2.04%
• YTD: 2.23%
• 1Y: 4.34%
• 3Y*: 5.04%
• 5Y*: 3.14%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	2.07%
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)	2.23%	4.61%	5.53%	5.01%	-1.12%	-0.36%	0.63%	0.28%

Correlation

The correlation between IWVG.L and MIST.L is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.01

Return for Risk

IWVG.L vs. MIST.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: 96
IWVG.L Sharpe Ratio Rank: 97
IWVG.L Sortino Ratio Rank: 96
IWVG.L Omega Ratio Rank: 96
IWVG.L Calmar Ratio Rank: 97
IWVG.L Martin Ratio Rank: 95

MIST.L

MIST.L Risk / Return Rank: 100
MIST.L Sharpe Ratio Rank: 100
MIST.L Sortino Ratio Rank: 100
MIST.L Omega Ratio Rank: 99
MIST.L Calmar Ratio Rank: 100
MIST.L Martin Ratio Rank: 100

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. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.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	MIST.L	Difference
Sharpe ratio: Return per unit of total volatility	3.61	11.58	-7.97
Sortino ratio: Return per unit of downside risk	4.81	35.35	-30.54
Omega ratio: Gain probability vs. loss probability	1.67	7.17	-5.50
Calmar ratio: Return relative to maximum drawdown	7.71	101.64	-93.93
Martin ratio: Return relative to average drawdown	24.07	493.90	-469.83

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

The current IWVG.L Sharpe Ratio is 3.61, which is lower than the MIST.L Sharpe Ratio of 11.58. The chart below compares the historical Sharpe Ratios of IWVG.L and MIST.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.

Drawdowns

IWVG.L vs. MIST.L - Drawdown Comparison

The maximum IWVG.L drawdown since its inception was -28.07%, which is greater than MIST.L's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for IWVG.L and MIST.L.

Drawdown Indicators

	IWVG.L	MIST.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.07%	-3.70%	-24.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-0.04%	-6.95%
Max Drawdown (3Y) Largest decline over 3 years	-13.92%	-0.20%	-13.72%
Max Drawdown (5Y) Largest decline over 5 years	-13.92%	-2.45%	-11.47%
Current Drawdown Current decline from peak	-6.92%	0.00%	-6.92%
Average Drawdown Average peak-to-trough decline	-4.29%	-0.38%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	0.01%	+2.23%

Volatility

IWVG.L vs. MIST.L - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a higher volatility of 6.06% compared to PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) at 0.10%. This indicates that IWVG.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWVG.L	MIST.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	0.10%	+5.96%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	0.28%	+12.81%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	0.38%	+14.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	0.58%	+12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	0.98%	+14.70%

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

IWVG.L has a 0.30% expense ratio, which is lower than MIST.L's 0.40% expense ratio.

Dividends

IWVG.L vs. MIST.L - Dividend Comparison

IWVG.L's dividend yield for the trailing twelve months is around 1.94%, while MIST.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWVG.L and MIST.L in my portfolio?

IWVG.L and MIST.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWVG.L or MIST.L?

On fees, IWVG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWVG.L or MIST.L?

IWVG.L is cheaper with a 0.30% expense ratio, compared with 0.40% for MIST.L.

What is the main difference between IWVG.L and MIST.L?

IWVG.L is categorized as Global Equities, while MIST.L is Ultrashort Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.30% for IWVG.L and 0.40% for MIST.L.