IWVL.L vs. AIA

Last updated Jun 14, 2026

IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and AIA (iShares Asia 50 ETF) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while AIA is a Asia Pacific Equities fund tracking the S&P Asia 50. Both are passively managed. Over the past 10 years, IWVL.L returned 13.36%/yr vs 15.05%/yr for AIA. A 0.50 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.50%/yr for AIA.

Performance

IWVL.L vs. AIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and iShares Asia 50 ETF (AIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWVL.L achieves a 32.97% return, which is significantly lower than AIA's 44.56% return. Over the past 10 years, IWVL.L has underperformed AIA with an annualized return of 13.36%, while AIA has yielded a comparatively higher 15.05% annualized return.

IWVL.L

• 1D: 3.36%
• 1M: 6.98%
• YTD: 32.97%
• 6M: 35.11%
• 1Y: 63.09%
• 3Y*: 28.41%
• 5Y*: 16.13%
• 10Y*: 13.36%

AIA

• 1D: 0.54%
• 1M: 6.70%
• YTD: 44.56%
• 6M: 50.54%
• 1Y: 83.79%
• 3Y*: 34.57%
• 5Y*: 11.52%
• 10Y*: 15.05%

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

IWVL.L vs. AIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	32.97%	40.42%	5.13%	19.53%	-9.79%	20.11%	-3.67%	18.13%	-14.03%	22.60%
AIA iShares Asia 50 ETF	44.56%	47.79%	20.26%	4.32%	-24.08%	-10.91%	33.73%	22.21%	-14.22%	45.00%

Correlation

The correlation between IWVL.L and AIA is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014	0.50

The correlation between IWVL.L and AIA has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

IWVL.L vs. AIA - Sectors Allocation Comparison

Sectors	IWVL.L	AIA
Technology	33.9%	63.8%
Financial Services	14.8%	16.4%
Industrials	11.3%	2.0%
Healthcare	8.8%	0.8%
Consumer Cyclical	7.9%	8.6%
Communication Services	7.6%	7.4%
Consumer Defensive	4.5%	-
Energy	3.8%	0.6%
Basic Materials	3.0%	-
Utilities	2.5%	-
Real Estate	1.8%	0.5%

Return for Risk

IWVL.L vs. AIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWVL.L

IWVL.L Risk / Return Rank: 96
IWVL.L Sharpe Ratio Rank: 96
IWVL.L Sortino Ratio Rank: 96
IWVL.L Omega Ratio Rank: 95
IWVL.L Calmar Ratio Rank: 95
IWVL.L Martin Ratio Rank: 95

AIA

AIA Risk / Return Rank: 91
AIA Sharpe Ratio Rank: 92
AIA Sortino Ratio Rank: 87
AIA Omega Ratio Rank: 89
AIA Calmar Ratio Rank: 93
AIA Martin Ratio Rank: 92

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.

IWVL.L vs. AIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and iShares Asia 50 ETF (AIA). 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.

	IWVL.L	AIA	Difference
Sharpe ratio: Return per unit of total volatility	3.83	2.89	+0.94
Sortino ratio: Return per unit of downside risk	5.32	3.41	+1.91
Omega ratio: Gain probability vs. loss probability	1.68	1.49	+0.19
Calmar ratio: Return relative to maximum drawdown	7.10	5.70	+1.40
Martin ratio: Return relative to average drawdown	25.90	19.76	+6.15

IWVL.L vs. AIA - Sharpe Ratio Comparison

The current IWVL.L Sharpe Ratio is 3.83, which is higher than the AIA Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of IWVL.L and AIA, 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

IWVL.L vs. AIA - Drawdown Comparison

The maximum IWVL.L drawdown since its inception was -39.30%, smaller than the maximum AIA drawdown of -60.89%. Use the drawdown chart below to compare losses from any high point for IWVL.L and AIA.

Drawdown Indicators

	IWVL.L	AIA	Difference
Max Drawdown Largest peak-to-trough decline	-39.30%	-60.89%	+21.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-14.15%	+5.41%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-21.64%	+7.18%
Max Drawdown (5Y) Largest decline over 5 years	-26.55%	-50.11%	+23.56%
Max Drawdown (10Y) Largest decline over 10 years	-39.30%	-54.64%	+15.34%
Current Drawdown Current decline from peak	-1.88%	-6.44%	+4.56%
Average Drawdown Average peak-to-trough decline	-7.48%	-16.66%	+9.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	4.08%	-1.68%

Volatility

IWVL.L vs. AIA - Volatility Comparison

The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) is 6.99%, while iShares Asia 50 ETF (AIA) has a volatility of 14.34%. This indicates that IWVL.L experiences smaller price fluctuations and is considered to be less risky than AIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWVL.L	AIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	14.34%	-7.35%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	24.49%	-10.80%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	27.93%	-11.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	25.96%	-9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	23.78%	-6.73%

IWVL.L vs. AIA - Expense Ratio Comparison

IWVL.L has a 0.25% expense ratio, which is lower than AIA's 0.50% expense ratio.

Dividends

IWVL.L vs. AIA - Dividend Comparison

IWVL.L has not paid dividends to shareholders, while AIA's dividend yield for the trailing twelve months is around 1.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIA iShares Asia 50 ETF	1.73%	2.50%	2.78%	2.07%	2.59%	1.54%	1.11%	2.24%	2.49%	1.45%	2.29%	2.88%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	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 IWVL.L and AIA in my portfolio?

IWVL.L and AIA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWVL.L or AIA?

On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWVL.L or AIA?

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.50% for AIA.

What is the main difference between IWVL.L and AIA?

IWVL.L is categorized as Global Equities, while AIA is Asia Pacific Equities. IWVL.L tracks MSCI World Enhanced Value Index, while AIA tracks S&P Asia 50. Their fees differ too: 0.25% for IWVL.L and 0.50% for AIA.