IWVL.L vs. IMAE.AS
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IWVL.L returned 13.06%/yr vs 9.38%/yr for IMAE.AS. Their correlation of 0.81 suggests significant overlap in exposure. IWVL.L charges 0.25%/yr vs 0.20%/yr for IMAE.AS.
Performance
IWVL.L vs. IMAE.AS - Performance Comparison
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Different Trading Currencies
IWVL.L is traded in USD, while IMAE.AS is traded in EUR. To make them comparable, the IMAE.AS 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 IMAE.AS's 5.67% return. Over the past 10 years, IWVL.L has outperformed IMAE.AS with an annualized return of 13.06%, while IMAE.AS has yielded a comparatively lower 9.38% annualized 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%
IMAE.AS
- 1D
- -0.97%
- 1M
- 3.18%
- YTD
- 5.67%
- 6M
- 9.13%
- 1Y
- 18.46%
- 3Y*
- 16.36%
- 5Y*
- 8.81%
- 10Y*
- 9.38%
IWVL.L vs. IMAE.AS - 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) | 35.18% | 40.41% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 5.67% | 35.83% | 2.15% | 19.65% | -14.76% | 17.10% | 5.52% | 23.01% | -13.86% | 25.72% |
Correlation
The correlation between IWVL.L and IMAE.AS is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.81 |
The correlation between IWVL.L and IMAE.AS has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
IWVL.L vs. IMAE.AS — Risk / Return Rank
IWVL.L
IMAE.AS
IWVL.L vs. IMAE.AS - 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 Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). 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 | IMAE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.23 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 7.73 | 1.59 | +6.14 |
| Martin ratioReturn relative to average drawdown | 29.28 | 5.68 | +23.60 |
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 | IMAE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.35 | 1.24 | +3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.50 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.52 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.37 | +0.26 |
Drawdowns
IWVL.L vs. IMAE.AS - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than IMAE.AS's maximum drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for IWVL.L and IMAE.AS.
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Drawdown Indicators
| IWVL.L | IMAE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -35.83% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -11.45% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -14.96% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -30.80% | +4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -35.83% | -3.47% |
Current DrawdownCurrent decline from peak | -0.26% | -2.52% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -8.19% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.23% | -0.92% |
Volatility
IWVL.L vs. IMAE.AS - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.53% compared to iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) at 5.57%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than IMAE.AS 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 | IMAE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 5.57% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 12.29% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 14.71% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 17.34% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 17.70% | -0.68% |
IWVL.L vs. IMAE.AS - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is higher than IMAE.AS's 0.20% 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. IMAE.AS - Dividend Comparison
Neither IWVL.L nor IMAE.AS has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and IMAE.AS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMAE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for IWVL.L.
IWVL.L is categorized as Global Equities, while IMAE.AS is Europe Equities. IWVL.L tracks MSCI World Enhanced Value Index, while IMAE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.25% for IWVL.L and 0.20% for IMAE.AS.
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