IWVU.L vs. FASE.L
IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and FASE.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist)) are both exchange-traded funds - IWVU.L is a Large Cap Value Equities fund tracking the MSCI World Enhanced Value Index (Net), while FASE.L is a Europe Equities fund tracking the FTSE All-Share ex Investment Trusts ESG Climate Select Index. Both are passively managed. Over the past 5 years, IWVU.L returned 16.21%/yr vs 8.31%/yr for FASE.L. A 0.72 correlation means they provide meaningful diversification when combined. IWVU.L charges 0.25%/yr vs 0.12%/yr for FASE.L.
Performance
IWVU.L vs. FASE.L - Performance Comparison
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Different Trading Currencies
IWVU.L is traded in USD, while FASE.L is traded in GBp. To make them comparable, the FASE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWVU.L achieves a 27.54% return, which is significantly higher than FASE.L's 5.75% return.
IWVU.L
- 1D
- -0.32%
- 1M
- -4.79%
- 6M
- 23.40%
- YTD
- 27.54%
- 1Y
- 54.31%
- 3Y*
- 25.62%
- 5Y*
- 16.21%
- 10Y*
- —
FASE.L
- 1D
- -0.23%
- 1M
- 3.48%
- 6M
- 4.57%
- YTD
- 5.75%
- 1Y
- 15.78%
- 3Y*
- 14.00%
- 5Y*
- 8.31%
- 10Y*
- —
IWVU.L vs. FASE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.54% | 40.59% | 4.85% | 19.74% | -9.88% | 7.13% |
FASE.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) | 5.75% | 29.24% | 7.48% | 10.49% | -13.11% | 12.11% |
Correlation
The correlation between IWVU.L and FASE.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021 | 0.73 |
The correlation between IWVU.L and FASE.L shifts across timeframes, from 0.54 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWVU.L vs. FASE.L — Risk / Return Rank
IWVU.L
FASE.L
IWVU.L vs. FASE.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 (Dist) (IWVU.L) and Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) (FASE.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.
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.
| IWVU.L | FASE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.20 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.31 | 1.31 | +5.00 |
| Martin ratioReturn relative to average drawdown | 21.28 | 4.04 | +17.24 |
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Drawdowns
IWVU.L vs. FASE.L - Drawdown Comparison
The maximum IWVU.L drawdown since its inception was -36.21%, which is greater than FASE.L's maximum drawdown of -29.13%. Use the drawdown chart below to compare losses from any high point for IWVU.L and FASE.L.
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Drawdown Indicators
| IWVU.L | FASE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.21% | -29.13% | -7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -12.00% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -12.55% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -29.13% | +2.55% |
Current DrawdownCurrent decline from peak | -5.83% | -1.21% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -6.21% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.89% | -1.35% |
Volatility
IWVU.L vs. FASE.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) has a higher volatility of 6.28% compared to Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) (FASE.L) at 3.92%. This indicates that IWVU.L's price experiences larger fluctuations and is considered to be riskier than FASE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWVU.L | FASE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 3.92% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.95% | 11.67% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 14.32% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 16.79% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 16.60% | +1.30% |
IWVU.L vs. FASE.L - Expense Ratio Comparison
IWVU.L has a 0.25% expense ratio, which is higher than FASE.L'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
IWVU.L vs. FASE.L - Dividend Comparison
IWVU.L's dividend yield for the trailing twelve months is around 1.93%, less than FASE.L's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FASE.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) | 2.69% | 2.61% | 3.72% | 3.54% | 3.47% | 2.35% | 0.00% | 0.00% | 0.00% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% |
Frequently Asked Questions
IWVU.L and FASE.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FASE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FASE.L is cheaper with a 0.12% expense ratio, compared with 0.25% for IWVU.L.
IWVU.L is categorized as Large Cap Value Equities, while FASE.L is Europe Equities. IWVU.L tracks MSCI World Enhanced Value Index (Net), while FASE.L tracks FTSE All-Share ex Investment Trusts ESG Climate Select Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IWVU.L and 0.12% for FASE.L.
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