IWVL.L vs. PACW.L
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - IWVL.L tracks the MSCI World Enhanced Value Index while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, IWVL.L returned 67.93% vs 29.76% for PACW.L. A 0.79 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.07%/yr for PACW.L.
Performance
IWVL.L vs. PACW.L - Performance Comparison
Loading charts...
Different Trading Currencies
IWVL.L is traded in USD, while PACW.L is traded in GBP. To make them comparable, the PACW.L 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 PACW.L's 11.69% 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%
PACW.L
- 1D
- -0.70%
- 1M
- 4.73%
- YTD
- 11.69%
- 6M
- 13.19%
- 1Y
- 29.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWVL.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 35.18% | 30.26% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.69% | 16.91% |
Correlation
The correlation between IWVL.L and PACW.L is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.79 |
The correlation between IWVL.L and PACW.L has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWVL.L vs. PACW.L — Risk / Return Rank
IWVL.L
PACW.L
IWVL.L vs. PACW.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 Amundi Prime All Country World UCITS ETF Income (PACW.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 | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.46 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 7.73 | 3.24 | +4.49 |
| Martin ratioReturn relative to average drawdown | 29.28 | 14.07 | +15.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWVL.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.35 | 2.51 | +1.84 |
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 | 1.50 | -0.88 |
Drawdowns
IWVL.L vs. PACW.L - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than PACW.L's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for IWVL.L and PACW.L.
Loading charts...
Drawdown Indicators
| IWVL.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -16.93% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -9.14% | +0.40% |
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% | -0.70% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -1.98% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.11% | +0.20% |
Volatility
IWVL.L vs. PACW.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.53% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 3.36%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWVL.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 3.36% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 9.15% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 11.81% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 15.35% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 15.35% | +1.67% |
IWVL.L vs. PACW.L - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is higher than PACW.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. PACW.L - Dividend Comparison
IWVL.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 0.00% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
Frequently Asked Questions
IWVL.L and PACW.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.25% for IWVL.L.
IWVL.L tracks MSCI World Enhanced Value Index, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IWVL.L and 0.07% for PACW.L.
Find the right allocation for IWVL.L and PACW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer