IWVL.L vs. SGOL
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and SGOL (abrdn Physical Gold Shares ETF) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 10 years, IWVL.L returned 13.36%/yr vs 12.34%/yr for SGOL. At a 0.06 correlation, their price movements are largely independent. IWVL.L charges 0.25%/yr vs 0.17%/yr for SGOL.
Performance
IWVL.L vs. SGOL - Performance Comparison
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Returns By Period
In the year-to-date period, IWVL.L achieves a 32.97% return, which is significantly higher than SGOL's -2.39% return. Over the past 10 years, IWVL.L has outperformed SGOL with an annualized return of 13.36%, while SGOL has yielded a comparatively lower 12.34% annualized return.
IWVL.L
- 1D
- 3.36%
- 1M
- 6.98%
- YTD
- 32.97%
- 6M
- 35.11%
- 1Y
- 63.09%
- 3Y*
- 28.41%
- 5Y*
- 16.13%
- 10Y*
- 13.36%
SGOL
- 1D
- 0.10%
- 1M
- -7.35%
- YTD
- -2.39%
- 6M
- -2.15%
- 1Y
- 22.44%
- 3Y*
- 29.18%
- 5Y*
- 17.34%
- 10Y*
- 12.34%
IWVL.L vs. SGOL - 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) | 32.97% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
SGOL abrdn Physical Gold Shares ETF | -2.39% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
Correlation
The correlation between IWVL.L and SGOL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.06 |
The correlation between IWVL.L and SGOL shifts across timeframes, from 0.06 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWVL.L vs. SGOL — Risk / Return Rank
IWVL.L
SGOL
IWVL.L vs. SGOL - 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 abrdn Physical Gold Shares ETF (SGOL). 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 | SGOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +4.06 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.19 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 7.10 | 0.99 | +6.10 |
| Martin ratioReturn relative to average drawdown | 25.90 | 2.85 | +23.05 |
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Drawdowns
IWVL.L vs. SGOL - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, smaller than the maximum SGOL drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for IWVL.L and SGOL.
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Drawdown Indicators
| IWVL.L | SGOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -45.51% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -24.37% | +15.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -24.37% | +9.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -24.37% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -24.37% | -14.93% |
Current DrawdownCurrent decline from peak | -1.88% | -22.00% | +20.12% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -18.41% | +10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 8.46% | -6.06% |
Volatility
IWVL.L vs. SGOL - Volatility Comparison
The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) is 6.99%, while abrdn Physical Gold Shares ETF (SGOL) has a volatility of 7.69%. This indicates that IWVL.L experiences smaller price fluctuations and is considered to be less risky than SGOL 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 | SGOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 7.69% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 23.85% | -10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 27.08% | -10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 18.10% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.04% | +1.01% |
IWVL.L vs. SGOL - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is higher than SGOL's 0.17% 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. SGOL - Dividend Comparison
Neither IWVL.L nor SGOL has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and SGOL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGOL is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.25% for IWVL.L.
IWVL.L is categorized as Global Equities, while SGOL is Gold. IWVL.L tracks MSCI World Enhanced Value Index, while SGOL tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: iShares and abrdn. Their fees differ too: 0.25% for IWVL.L and 0.17% for SGOL.
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