IWVL.L vs. VOLT

Last updated Jun 14, 2026

IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and VOLT (Tema Electrification ETF) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while VOLT is a Energy Equities fund actively managed by Tema. IWVL.L is passively managed, while VOLT is actively managed. Over the past year, IWVL.L returned 63.09% vs 62.39% for VOLT. At a 0.44 correlation, their price movements are largely independent. IWVL.L charges 0.25%/yr vs 0.75%/yr for VOLT.

Performance

IWVL.L vs. VOLT - 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 Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWVL.L achieves a 32.97% return, which is significantly lower than VOLT's 36.32% 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%

VOLT

• 1D: 1.28%
• 1M: -0.71%
• YTD: 36.32%
• 6M: 35.03%
• 1Y: 62.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWVL.L vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	32.97%	40.42%	-3.27%
VOLT Tema Electrification ETF	36.32%	25.92%	-8.98%

Correlation

The correlation between IWVL.L and VOLT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.44

IWVL.L vs. VOLT - Sectors Allocation Comparison

Sectors	IWVL.L	VOLT
Technology	33.9%	12.2%
Financial Services	14.8%	0.5%
Industrials	11.3%	46.7%
Healthcare	8.8%	-
Consumer Cyclical	7.9%	3.4%
Communication Services	7.6%	-
Consumer Defensive	4.5%	-
Energy	3.8%	5.1%
Basic Materials	3.0%	-
Utilities	2.5%	31.8%
Real Estate	1.8%	-

Return for Risk

IWVL.L vs. VOLT — 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: 96
IWVL.L Sharpe Ratio Rank: 96
IWVL.L Sortino Ratio Rank: 96
IWVL.L Omega Ratio Rank: 95
IWVL.L Calmar Ratio Rank: 95
IWVL.L Martin Ratio Rank: 95

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 92
VOLT Sortino Ratio Rank: 89
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 90

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. VOLT - 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 Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	3.83	2.87	+0.96
Sortino ratio: Return per unit of downside risk	5.32	3.62	+1.70
Omega ratio: Gain probability vs. loss probability	1.68	1.47	+0.21
Calmar ratio: Return relative to maximum drawdown	7.10	6.35	+0.74
Martin ratio: Return relative to average drawdown	25.90	17.90	+8.00

IWVL.L vs. VOLT - Sharpe Ratio Comparison

The current IWVL.L Sharpe Ratio is 3.83, which is higher than the VOLT Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of IWVL.L and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IWVL.L vs. VOLT - Drawdown Comparison

The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for IWVL.L and VOLT.

Drawdown Indicators

	IWVL.L	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-39.30%	-23.40%	-15.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-9.59%	+0.85%
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 Drawdown Current decline from peak	-1.88%	-4.76%	+2.88%
Average Drawdown Average peak-to-trough decline	-7.48%	-5.19%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	3.40%	-1.00%

Volatility

IWVL.L vs. VOLT - Volatility Comparison

The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) is 6.99%, while Tema Electrification ETF (VOLT) has a volatility of 9.23%. This indicates that IWVL.L experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWVL.L	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	9.23%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	18.19%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	21.28%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	24.40%	-8.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	24.40%	-7.35%

IWVL.L vs. VOLT - Expense Ratio Comparison

IWVL.L has a 0.25% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

IWVL.L vs. VOLT - Dividend Comparison

IWVL.L has not paid dividends to shareholders, while VOLT's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025	2024
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%

Frequently Asked Questions

Can I hold both IWVL.L and VOLT in my portfolio?

IWVL.L and VOLT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWVL.L or VOLT?

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.

Which ETF is cheaper, IWVL.L or VOLT?

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.75% for VOLT.

What is the main difference between IWVL.L and VOLT?

IWVL.L is categorized as Global Equities, while VOLT is Energy Equities. They also come from different issuers: iShares and Tema. Their fees differ too: 0.25% for IWVL.L and 0.75% for VOLT.