IWVL.L vs. AVWS.DE
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. IWVL.L is passively managed, while AVWS.DE is actively managed. Over the past year, IWVL.L returned 67.93% vs 37.01% for AVWS.DE. A 0.70 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.39%/yr for AVWS.DE.
Performance
IWVL.L vs. AVWS.DE - Performance Comparison
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Different Trading Currencies
IWVL.L is traded in USD, while AVWS.DE is traded in EUR. To make them comparable, the AVWS.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWVL.L achieves a 35.18% return, which is significantly higher than AVWS.DE's 16.41% return.
IWVL.L
- 1D
- -0.26%
- 1M
- 14.91%
- YTD
- 35.18%
- 6M
- 39.74%
- 1Y
- 67.93%
- 3Y*
- 30.59%
- 5Y*
- 16.43%
- 10Y*
- 13.06%
AVWS.DE
- 1D
- -0.59%
- 1M
- 1.73%
- YTD
- 16.41%
- 6M
- 18.56%
- 1Y
- 37.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWVL.L vs. AVWS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 35.18% | 40.41% | -3.77% |
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR | 16.41% | 21.78% | -0.66% |
Correlation
The correlation between IWVL.L and AVWS.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.70 |
The correlation between IWVL.L and AVWS.DE has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
IWVL.L vs. AVWS.DE — Risk / Return Rank
IWVL.L
AVWS.DE
IWVL.L vs. AVWS.DE - 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 Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE). 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 | AVWS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.41 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 7.73 | 4.56 | +3.18 |
| Martin ratioReturn relative to average drawdown | 29.28 | 15.78 | +13.49 |
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 | AVWS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.35 | 2.42 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.27 | -0.64 |
Drawdowns
IWVL.L vs. AVWS.DE - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than AVWS.DE's maximum drawdown of -22.00%. Use the drawdown chart below to compare losses from any high point for IWVL.L and AVWS.DE.
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Drawdown Indicators
| IWVL.L | AVWS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -22.00% | -17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -8.08% | -0.66% |
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 | -0.26% | -1.05% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -3.21% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.34% | -0.03% |
Volatility
IWVL.L vs. AVWS.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.53% compared to Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) at 3.86%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than AVWS.DE 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 | AVWS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 3.86% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 10.37% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 15.22% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 17.97% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 17.97% | -0.95% |
IWVL.L vs. AVWS.DE - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is lower than AVWS.DE's 0.39% expense ratio.
Dividends
IWVL.L vs. AVWS.DE - Dividend Comparison
Neither IWVL.L nor AVWS.DE has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and AVWS.DE have a correlation of 0.66, 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 0.39% for AVWS.DE.
IWVL.L is categorized as Global Equities, while AVWS.DE is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for IWVL.L and 0.39% for AVWS.DE.
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