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

IWVL.L vs. VYMI

Last updated Jun 14, 2026

IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, IWVL.L returned 13.36%/yr vs 11.24%/yr for VYMI. A 0.66 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.07%/yr for VYMI.

Performance

IWVL.L vs. VYMI - 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 Vanguard International High Dividend Yield ETF (VYMI). 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 32.97% return, which is significantly higher than VYMI's 12.90% return. Over the past 10 years, IWVL.L has outperformed VYMI with an annualized return of 13.36%, while VYMI has yielded a comparatively lower 11.24% 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%

VYMI

1D
0.54%
1M
2.62%
YTD
12.90%
6M
14.90%
1Y
31.26%
3Y*
21.73%
5Y*
12.29%
10Y*
11.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWVL.L vs. VYMI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VYMI
Vanguard International High Dividend Yield ETF		12.90%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%

Correlation

The correlation between IWVL.L and VYMI is 0.59, 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

0.59

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

0.64

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

0.66

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

0.66

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2016

0.66

The correlation between IWVL.L and VYMI has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

IWVL.L vs. VYMI - Sectors Allocation Comparison

Sectors
IWVL.L
VYMI

Technology

33.9%
4.3%

Financial Services

14.8%
41.9%

Industrials

11.3%
6.6%

Healthcare

8.8%
6.6%

Consumer Cyclical

7.9%
6.5%

Communication Services

7.6%
4.0%

Consumer Defensive

4.5%
7.0%

Energy

3.8%
9.5%

Basic Materials

3.0%
6.8%

Utilities

2.5%
5.6%

Real Estate

1.8%
1.3%

Technology

IWVL.L
33.9%
VYMI
4.3%

Financial Services

IWVL.L
14.8%
VYMI
41.9%

Industrials

IWVL.L
11.3%
VYMI
6.6%

Healthcare

IWVL.L
8.8%
VYMI
6.6%

Consumer Cyclical

IWVL.L
7.9%
VYMI
6.5%

Communication Services

IWVL.L
7.6%
VYMI
4.0%

Consumer Defensive

IWVL.L
4.5%
VYMI
7.0%

Energy

IWVL.L
3.8%
VYMI
9.5%

Basic Materials

IWVL.L
3.0%
VYMI
6.8%

Utilities

IWVL.L
2.5%
VYMI
5.6%

Real Estate

IWVL.L
1.8%
VYMI
1.3%

Compare stocks, funds, or ETFs

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

Vanguard International High Dividend Yield ETF

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 VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT

Return for Risk

IWVL.L vs. VYMI — 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: 9696
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9595
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
Martin Ratio Rank
VYMI
VYMI Risk / Return Rank: 7676
Overall Rank
VYMI Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 8080
Sortino Ratio Rank
VYMI Omega Ratio Rank: 8080
Omega Ratio Rank
VYMI Calmar Ratio Rank: 6868
Calmar Ratio Rank
VYMI Martin Ratio Rank: 7272
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. VYMI - 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 Vanguard International High Dividend Yield ETF (VYMI). 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.LVYMIDifference
Sharpe ratioReturn per unit of total volatility
3.83
2.26

+1.57

Sortino ratioReturn per unit of downside risk
5.32
3.08

+2.24

Omega ratioGain probability vs. loss probability

1.68

1.41

+0.28

Calmar ratioReturn relative to maximum drawdown

7.10

2.96

+4.13

Martin ratioReturn relative to average drawdown

25.90

11.60

+14.30

IWVL.L vs. VYMI - Sharpe Ratio Comparison

The current IWVL.L Sharpe Ratio is 3.83, which is higher than the VYMI Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of IWVL.L and VYMI, 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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Drawdowns

IWVL.L vs. VYMI - Drawdown Comparison

The maximum IWVL.L drawdown since its inception was -39.30%, roughly equal to the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for IWVL.L and VYMI.

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Drawdown Indicators

IWVL.LVYMIDifference

Max Drawdown

Largest peak-to-trough decline

-39.30%

-40.00%

+0.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.74%

-10.14%

+1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-14.46%

-12.84%

-1.62%

Max Drawdown (5Y)

Largest decline over 5 years

-26.55%

-24.05%

-2.50%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

-40.00%

+0.70%

Current Drawdown

Current decline from peak

-1.88%

0.00%

-1.88%

Average Drawdown

Average peak-to-trough decline

-7.48%

-6.30%

-1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

2.59%

-0.19%

Volatility

IWVL.L vs. VYMI - Volatility Comparison

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a higher volatility of 6.99% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.40%. This indicates that IWVL.L's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWVL.LVYMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.99%

4.40%

+2.59%

Volatility (6M)

Calculated over the trailing 6-month period

13.69%

11.15%

+2.54%

Volatility (1Y)

Calculated over the trailing 1-year period

16.20%

13.33%

+2.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

14.90%

+1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.05%

16.85%

+0.20%

IWVL.L vs. VYMI - Expense Ratio Comparison

IWVL.L has a 0.25% expense ratio, which is higher than VYMI'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. VYMI - Dividend Comparison

IWVL.L has not paid dividends to shareholders, while VYMI's dividend yield for the trailing twelve months is around 3.39%.

PositionTTM2025202420232022202120202019201820172016
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VYMI
Vanguard International High Dividend Yield ETF		3.39%3.68%4.84%4.58%4.70%4.30%3.22%4.20%4.29%3.21%2.39%

Frequently Asked Questions

IWVL.L and VYMI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VYMI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VYMI is cheaper with a 0.07% expense ratio, compared with 0.25% for IWVL.L.

IWVL.L is categorized as Global Equities, while VYMI is Dividend. IWVL.L tracks MSCI World Enhanced Value Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IWVL.L and 0.07% for VYMI.

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