IWVL.L vs. IBTA.L
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, IWVL.L returned 16.28%/yr vs 1.87%/yr for IBTA.L. At a correlation of -0.03, they often move in opposite directions. IWVL.L charges 0.25%/yr vs 0.07%/yr for IBTA.L.
Performance
IWVL.L vs. IBTA.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 IBTA.L's 0.46% 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%
IBTA.L
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.46%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 4.23%
- 5Y*
- 1.87%
- 10Y*
- —
IWVL.L vs. IBTA.L - 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) | 34.30% | 40.41% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 18.97% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.46% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 3.58% | 1.44% | -0.05% |
Correlation
The correlation between IWVL.L and IBTA.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | -0.03 |
The correlation between IWVL.L and IBTA.L shifts across timeframes, from -0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWVL.L vs. IBTA.L — Risk / Return Rank
IWVL.L
IBTA.L
IWVL.L vs. IBTA.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 iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.59 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 7.55 | 4.62 | +2.93 |
| Martin ratioReturn relative to average drawdown | 28.57 | 17.47 | +11.11 |
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 | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.24 | 2.80 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.93 | +0.08 |
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 | 1.08 | -0.46 |
Drawdowns
IWVL.L vs. IBTA.L - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for IWVL.L and IBTA.L.
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Drawdown Indicators
| IWVL.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -5.80% | -33.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -0.74% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -0.89% | -13.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -5.70% | -20.85% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.13% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -0.97% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.20% | +2.11% |
Volatility
IWVL.L vs. IBTA.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.56% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.43%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 0.43% | +6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 0.86% | +12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 1.23% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 2.00% | +14.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 1.76% | +15.26% |
IWVL.L vs. IBTA.L - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is higher than IBTA.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWVL.L vs. IBTA.L - Dividend Comparison
Neither IWVL.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and IBTA.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.25% for IWVL.L.
IWVL.L is categorized as Global Equities, while IBTA.L is Government Bonds. IWVL.L tracks MSCI World Enhanced Value Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.25% for IWVL.L and 0.07% for IBTA.L.
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