IWVL.L vs. XGDU.DE
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and XGDU.DE (Xtrackers IE Physical Gold ETC Securities) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while XGDU.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, IWVL.L returned 16.13%/yr vs 17.42%/yr for XGDU.DE. At a 0.19 correlation, their price movements are largely independent. IWVL.L charges 0.25%/yr vs 0.12%/yr for XGDU.DE.
Performance
IWVL.L vs. XGDU.DE - Performance Comparison
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Different Trading Currencies
IWVL.L is traded in USD, while XGDU.DE is traded in EUR. To make them comparable, the XGDU.DE 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 32.97% return, which is significantly higher than XGDU.DE's -4.16% 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%
XGDU.DE
- 1D
- 2.83%
- 1M
- -7.20%
- YTD
- -4.16%
- 6M
- -1.55%
- 1Y
- 23.26%
- 3Y*
- 29.29%
- 5Y*
- 17.42%
- 10Y*
- —
IWVL.L vs. XGDU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 32.97% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | 30.74% |
XGDU.DE Xtrackers IE Physical Gold ETC Securities | -4.16% | 68.32% | 26.54% | 12.88% | 1.10% | -4.39% | 1.50% |
Correlation
The correlation between IWVL.L and XGDU.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | 0.19 |
The correlation between IWVL.L and XGDU.DE shifts across timeframes, from 0.19 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWVL.L vs. XGDU.DE — Risk / Return Rank
IWVL.L
XGDU.DE
IWVL.L vs. XGDU.DE - 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 Xtrackers IE Physical Gold ETC Securities (XGDU.DE). 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 | XGDU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.19 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 7.10 | 1.07 | +6.02 |
| Martin ratioReturn relative to average drawdown | 25.90 | 2.68 | +23.22 |
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Drawdowns
IWVL.L vs. XGDU.DE - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, which is greater than XGDU.DE's maximum drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for IWVL.L and XGDU.DE.
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Drawdown Indicators
| IWVL.L | XGDU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -22.54% | -16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -22.54% | +13.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -22.54% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -22.54% | -4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -20.35% | +18.47% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -7.78% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 9.02% | -6.62% |
Volatility
IWVL.L vs. XGDU.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) is 6.99%, while Xtrackers IE Physical Gold ETC Securities (XGDU.DE) has a volatility of 7.54%. This indicates that IWVL.L experiences smaller price fluctuations and is considered to be less risky than XGDU.DE 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 | XGDU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 7.54% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 21.73% | -8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 33.18% | -16.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 19.99% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 19.89% | -2.84% |
IWVL.L vs. XGDU.DE - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is higher than XGDU.DE's 0.12% 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. XGDU.DE - Dividend Comparison
Neither IWVL.L nor XGDU.DE has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and XGDU.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for IWVL.L.
IWVL.L is categorized as Global Equities, while XGDU.DE is Gold. IWVL.L tracks MSCI World Enhanced Value Index, while XGDU.DE tracks Gold. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for IWVL.L and 0.12% for XGDU.DE.
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