IWVL.L vs. AVGC.L
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and AVGC.L (Avantis Global Equity UCITS ETF USD Accumulating) are both Global Equities funds - IWVL.L tracks the MSCI World Enhanced Value Index while AVGC.L tracks the MSCI World IMI Index. Both are passively managed. Over the past year, IWVL.L returned 66.32% vs 30.92% for AVGC.L. Their correlation of 0.87 suggests significant overlap in exposure. IWVL.L charges 0.25%/yr vs 0.35%/yr for AVGC.L.
Performance
IWVL.L vs. AVGC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWVL.L achieves a 34.30% return, which is significantly higher than AVGC.L's 13.45% return.
IWVL.L
- 1D
- -0.65%
- 1M
- 12.22%
- YTD
- 34.30%
- 6M
- 38.21%
- 1Y
- 66.32%
- 3Y*
- 30.35%
- 5Y*
- 16.28%
- 10Y*
- 12.86%
AVGC.L
- 1D
- 0.25%
- 1M
- 3.69%
- YTD
- 13.45%
- 6M
- 14.99%
- 1Y
- 30.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWVL.L vs. AVGC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 34.30% | 30.99% |
AVGC.L Avantis Global Equity UCITS ETF USD Accumulating | 13.45% | 25.16% |
Correlation
The correlation between IWVL.L and AVGC.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.87 |
The correlation between IWVL.L and AVGC.L has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.
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Return for Risk
IWVL.L vs. AVGC.L — Risk / Return Rank
IWVL.L
AVGC.L
IWVL.L vs. AVGC.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 (Acc) (IWVL.L) and Avantis Global Equity UCITS ETF USD Accumulating (AVGC.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.
| IWVL.L | AVGC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.47 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 7.55 | 3.87 | +3.68 |
| Martin ratioReturn relative to average drawdown | 28.57 | 15.84 | +12.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWVL.L | AVGC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.24 | 2.58 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 3.11 | -2.48 |
Drawdowns
IWVL.L vs. AVGC.L - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than AVGC.L's maximum drawdown of -7.96%. Use the drawdown chart below to compare losses from any high point for IWVL.L and AVGC.L.
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Drawdown Indicators
| IWVL.L | AVGC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -7.96% | -31.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -7.96% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.07% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -1.00% | -6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.95% | +0.36% |
Volatility
IWVL.L vs. AVGC.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.56% compared to Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) at 3.71%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than AVGC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWVL.L | AVGC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 3.71% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 9.23% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 11.95% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 12.07% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 12.07% | +4.95% |
IWVL.L vs. AVGC.L - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is lower than AVGC.L's 0.35% expense ratio.
Dividends
IWVL.L vs. AVGC.L - Dividend Comparison
Neither IWVL.L nor AVGC.L has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and AVGC.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.35% for AVGC.L.
IWVL.L tracks MSCI World Enhanced Value Index, while AVGC.L tracks MSCI World IMI Index. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for IWVL.L and 0.35% for AVGC.L.
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