IWVL.L vs. IEMB.L
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while IEMB.L is a Emerging Markets Bonds fund managed by iShares. Over the past 10 years, IWVL.L returned 12.93%/yr vs 3.34%/yr for IEMB.L. At a 0.47 correlation, their price movements are largely independent. IWVL.L charges 0.25%/yr vs 0.45%/yr for IEMB.L.
Performance
IWVL.L vs. IEMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWVL.L achieves a 33.55% return, which is significantly higher than IEMB.L's 2.13% return. Over the past 10 years, IWVL.L has outperformed IEMB.L with an annualized return of 12.93%, while IEMB.L has yielded a comparatively lower 3.34% annualized return.
IWVL.L
- 1D
- -0.10%
- 1M
- 4.07%
- YTD
- 33.55%
- 6M
- 34.67%
- 1Y
- 65.18%
- 3Y*
- 28.64%
- 5Y*
- 17.14%
- 10Y*
- 12.93%
IEMB.L
- 1D
- -0.06%
- 1M
- 2.10%
- YTD
- 2.13%
- 6M
- 2.52%
- 1Y
- 11.42%
- 3Y*
- 9.58%
- 5Y*
- 1.92%
- 10Y*
- 3.34%
IWVL.L vs. IEMB.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) | 33.55% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 2.13% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
Correlation
The correlation between IWVL.L and IEMB.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.47 |
The correlation between IWVL.L and IEMB.L shifts across timeframes, from 0.46 (10 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWVL.L vs. IEMB.L — Risk / Return Rank
IWVL.L
IEMB.L
IWVL.L vs. IEMB.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 J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
| IWVL.L | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.40 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 7.52 | 2.73 | +4.79 |
| Martin ratioReturn relative to average drawdown | 27.49 | 11.30 | +16.18 |
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Drawdowns
IWVL.L vs. IEMB.L - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than IEMB.L's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for IWVL.L and IEMB.L.
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Drawdown Indicators
| IWVL.L | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -31.65% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -4.32% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -7.54% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -28.62% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -28.62% | -10.68% |
Current DrawdownCurrent decline from peak | -1.45% | -0.25% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -4.98% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.04% | +1.35% |
Volatility
IWVL.L vs. IEMB.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.20% compared to iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) at 1.69%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than IEMB.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 | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 1.69% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 4.97% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 5.94% | +10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 8.88% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 9.25% | +7.75% |
IWVL.L vs. IEMB.L - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is lower than IEMB.L's 0.45% expense ratio.
Dividends
IWVL.L vs. IEMB.L - Dividend Comparison
IWVL.L has not paid dividends to shareholders, while IEMB.L's dividend yield for the trailing twelve months is around 5.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.74% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
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
IWVL.L and IEMB.L have a correlation of 0.59, 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 0.45% for IEMB.L.
IWVL.L is categorized as Global Equities, while IEMB.L is Emerging Markets Bonds. Their fees differ too: 0.25% for IWVL.L and 0.45% for IEMB.L.
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