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IWVL.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWVL.L vs. MVOL.L

Last updated Jun 4, 2026

IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds from iShares - IWVL.L tracks the MSCI World Enhanced Value Index while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWVL.L returned 13.06%/yr vs 7.11%/yr for MVOL.L. A 0.71 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.35%/yr for MVOL.L.

Performance

IWVL.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWVL.L achieves a 35.18% return, which is significantly higher than MVOL.L's 0.63% return. Over the past 10 years, IWVL.L has outperformed MVOL.L with an annualized return of 13.06%, while MVOL.L has yielded a comparatively lower 7.11% 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%

MVOL.L

1D
0.00%
1M
-0.08%
YTD
0.63%
6M
1.40%
1Y
1.75%
3Y*
9.40%
5Y*
5.17%
10Y*
7.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWVL.L vs. MVOL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.63%11.02%11.08%7.28%-9.62%14.65%2.56%22.56%-2.40%17.41%

Correlation

The correlation between IWVL.L and MVOL.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.72

Over the past year, the correlation between IWVL.L and MVOL.L has dropped to 0.43 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

IWVL.L vs. MVOL.L - Sectors Allocation Comparison

Sectors
IWVL.L
MVOL.L

Technology

33.9%
20.1%

Financial Services

14.8%
14.0%

Industrials

11.3%
9.2%

Healthcare

8.8%
13.8%

Consumer Cyclical

7.9%
5.6%

Communication Services

7.6%
12.1%

Consumer Defensive

4.5%
10.9%

Energy

3.8%
4.5%

Basic Materials

3.0%
1.1%

Utilities

2.5%
8.0%

Real Estate

1.8%
0.7%

Technology

IWVL.L
33.9%
MVOL.L
20.1%

Financial Services

IWVL.L
14.8%
MVOL.L
14.0%

Industrials

IWVL.L
11.3%
MVOL.L
9.2%

Healthcare

IWVL.L
8.8%
MVOL.L
13.8%

Consumer Cyclical

IWVL.L
7.9%
MVOL.L
5.6%

Communication Services

IWVL.L
7.6%
MVOL.L
12.1%

Consumer Defensive

IWVL.L
4.5%
MVOL.L
10.9%

Energy

IWVL.L
3.8%
MVOL.L
4.5%

Basic Materials

IWVL.L
3.0%
MVOL.L
1.1%

Utilities

IWVL.L
2.5%
MVOL.L
8.0%

Real Estate

IWVL.L
1.8%
MVOL.L
0.7%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

IWVL.L vs. MVOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1111
Overall Rank
MVOL.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWVL.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
4.35
0.22

+4.12

Sortino ratioReturn per unit of downside risk
5.98
0.36

+5.62

Omega ratioGain probability vs. loss probability

1.78

1.04

+0.74

Calmar ratioReturn relative to maximum drawdown

7.73

0.30

+7.43

Martin ratioReturn relative to average drawdown

29.28

0.74

+28.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWVL.L vs. MVOL.L - Sharpe Ratio Comparison

The current IWVL.L Sharpe Ratio is 4.35, which is higher than the MVOL.L Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of IWVL.L and MVOL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IWVL.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.35

0.22

+4.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.02

0.49

+0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

0.61

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.73

-0.10

Drawdowns

IWVL.L vs. MVOL.L - Drawdown Comparison

The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for IWVL.L and MVOL.L.

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Drawdown Indicators

IWVL.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.30%

-28.82%

-10.48%

Max Drawdown (1Y)

Largest decline over 1 year

-8.74%

-5.78%

-2.96%

Max Drawdown (3Y)

Largest decline over 3 years

-14.46%

-8.14%

-6.32%

Max Drawdown (5Y)

Largest decline over 5 years

-26.55%

-18.52%

-8.03%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

-28.82%

-10.48%

Current Drawdown

Current decline from peak

-0.26%

-3.90%

+3.64%

Average Drawdown

Average peak-to-trough decline

-7.51%

-3.34%

-4.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

2.35%

-0.04%

Volatility

IWVL.L vs. MVOL.L - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.53% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.18%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than MVOL.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.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.53%

2.18%

+4.35%

Volatility (6M)

Calculated over the trailing 6-month period

12.92%

5.59%

+7.33%

Volatility (1Y)

Calculated over the trailing 1-year period

15.55%

7.74%

+7.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.05%

10.64%

+5.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.02%

11.66%

+5.36%

IWVL.L vs. MVOL.L - Expense Ratio Comparison

IWVL.L has a 0.25% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

IWVL.L vs. MVOL.L - Dividend Comparison

Neither IWVL.L nor MVOL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IWVL.L and MVOL.L have a correlation of 0.43, 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 MVOL.L.

IWVL.L tracks MSCI World Enhanced Value Index, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for IWVL.L and 0.35% for MVOL.L.

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