IWVU.L vs. FLXB.L
IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and FLXB.L (Franklin FTSE Brazil UCITS ETF 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 FLXB.L is a Brazil Equities fund tracking the FTSE Brazil 30/18 Capped Index (Net Return). Both are passively managed. Over the past 5 years, IWVU.L returned 16.21%/yr vs 6.59%/yr for FLXB.L. At a 0.50 correlation, their price movements are largely independent. IWVU.L charges 0.25%/yr vs 0.19%/yr for FLXB.L.
Performance
IWVU.L vs. FLXB.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWVU.L achieves a 27.54% return, which is significantly higher than FLXB.L's 16.02% 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*
- —
FLXB.L
- 1D
- -0.23%
- 1M
- 1.52%
- 6M
- 11.51%
- YTD
- 16.02%
- 1Y
- 37.38%
- 3Y*
- 11.33%
- 5Y*
- 6.59%
- 10Y*
- —
IWVU.L vs. FLXB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 15.81% |
FLXB.L Franklin FTSE Brazil UCITS ETF USD (Acc) | 16.02% | 45.49% | -27.92% | 33.43% | 10.93% | -16.59% | -19.42% | 12.18% |
Correlation
The correlation between IWVU.L and FLXB.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.50 |
The correlation between IWVU.L and FLXB.L has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
IWVU.L vs. FLXB.L — Risk / Return Rank
IWVU.L
FLXB.L
IWVU.L vs. FLXB.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 Franklin FTSE Brazil UCITS ETF USD (Acc) (FLXB.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 | FLXB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.26 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 6.31 | 2.09 | +4.22 |
| Martin ratioReturn relative to average drawdown | 21.28 | 5.37 | +15.92 |
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Drawdowns
IWVU.L vs. FLXB.L - Drawdown Comparison
The maximum IWVU.L drawdown since its inception was -36.21%, smaller than the maximum FLXB.L drawdown of -56.54%. Use the drawdown chart below to compare losses from any high point for IWVU.L and FLXB.L.
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Drawdown Indicators
| IWVU.L | FLXB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.21% | -56.54% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -17.78% | +9.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -28.79% | +14.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -32.17% | +5.59% |
Current DrawdownCurrent decline from peak | -5.83% | -13.40% | +7.57% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -18.96% | +12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 6.95% | -4.41% |
Volatility
IWVU.L vs. FLXB.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) has a higher volatility of 6.28% compared to Franklin FTSE Brazil UCITS ETF USD (Acc) (FLXB.L) at 5.12%. This indicates that IWVU.L's price experiences larger fluctuations and is considered to be riskier than FLXB.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 | FLXB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 5.12% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.95% | 18.27% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 23.84% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 27.18% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 32.03% | -14.13% |
IWVU.L vs. FLXB.L - Expense Ratio Comparison
IWVU.L has a 0.25% expense ratio, which is higher than FLXB.L's 0.19% 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. FLXB.L - Dividend Comparison
IWVU.L's dividend yield for the trailing twelve months is around 1.93%, while FLXB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLXB.L Franklin FTSE Brazil UCITS ETF 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 FLXB.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXB.L is cheaper with a 0.19% expense ratio, compared with 0.25% for IWVU.L.
IWVU.L is categorized as Large Cap Value Equities, while FLXB.L is Brazil Equities. IWVU.L tracks MSCI World Enhanced Value Index (Net), while FLXB.L tracks FTSE Brazil 30/18 Capped Index (Net Return). They also come from different issuers: iShares and Franklin. Their fees differ too: 0.25% for IWVU.L and 0.19% for FLXB.L.
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