IWVU.L vs. FGBL.L
IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) are both exchange-traded funds - IWVU.L is a Large Cap Value Equities fund tracking the MSCI World Enhanced Value Index (Net), while FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 5 years, IWVU.L returned 16.21%/yr vs 12.40%/yr for FGBL.L. A 0.80 correlation means they provide meaningful diversification when combined. IWVU.L charges 0.25%/yr vs 0.60%/yr for FGBL.L.
Performance
IWVU.L vs. FGBL.L - Performance Comparison
Loading charts...
Different Trading Currencies
IWVU.L is traded in USD, while FGBL.L is traded in GBp. To make them comparable, the FGBL.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 FGBL.L's 13.70% 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*
- —
FGBL.L
- 1D
- 0.04%
- 1M
- 2.28%
- 6M
- 11.33%
- YTD
- 13.70%
- 1Y
- 30.09%
- 3Y*
- 20.99%
- 5Y*
- 12.40%
- 10Y*
- 9.57%
IWVU.L vs. FGBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.54% | 40.59% | 4.85% | 19.74% | -9.88% | 20.13% | -3.59% | 18.01% | -15.78% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.70% | 40.36% | 4.45% | 17.02% | -7.46% | 9.79% | -6.04% | 15.46% | -13.69% |
Correlation
The correlation between IWVU.L and FGBL.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.80 |
The correlation between IWVU.L and FGBL.L shifts across timeframes, from 0.62 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWVU.L vs. FGBL.L — Risk / Return Rank
IWVU.L
FGBL.L
IWVU.L vs. FGBL.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 First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.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 | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.47 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.31 | 3.97 | +2.34 |
| Martin ratioReturn relative to average drawdown | 21.28 | 13.85 | +7.43 |
Loading charts...
Drawdowns
IWVU.L vs. FGBL.L - Drawdown Comparison
The maximum IWVU.L drawdown since its inception was -36.21%, smaller than the maximum FGBL.L drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for IWVU.L and FGBL.L.
Loading charts...
Drawdown Indicators
| IWVU.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.21% | -45.40% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -7.55% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -13.56% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -26.59% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.54% | — |
Current DrawdownCurrent decline from peak | -5.83% | -0.11% | -5.72% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -16.25% | +9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.17% | +0.37% |
Volatility
IWVU.L vs. FGBL.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) has a higher volatility of 6.28% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.41%. This indicates that IWVU.L's price experiences larger fluctuations and is considered to be riskier than FGBL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWVU.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 2.41% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.95% | 8.74% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 11.14% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 14.68% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 15.64% | +2.26% |
IWVU.L vs. FGBL.L - Expense Ratio Comparison
IWVU.L has a 0.25% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
IWVU.L vs. FGBL.L - Dividend Comparison
IWVU.L's dividend yield for the trailing twelve months is around 1.93%, while FGBL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 FGBL.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVU.L is cheaper with a 0.25% expense ratio, compared with 0.60% for FGBL.L.
IWVU.L is categorized as Large Cap Value Equities, while FGBL.L is Dividend. IWVU.L tracks MSCI World Enhanced Value Index (Net), while FGBL.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.25% for IWVU.L and 0.60% for FGBL.L.
Find the right allocation for IWVU.L and FGBL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer