IWVU.L vs. IWVG.L
IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds from iShares - IWVU.L tracks the iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, IWVU.L returned 16.33%/yr vs 16.55%/yr for IWVG.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
IWVU.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
IWVU.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IWVU.L having a 28.22% return and IWVG.L slightly higher at 29.21%.
IWVU.L
- 1D
- -0.53%
- 1M
- -4.95%
- 6M
- 24.05%
- YTD
- 28.22%
- 1Y
- 55.13%
- 3Y*
- 26.33%
- 5Y*
- 16.33%
- 10Y*
- —
IWVG.L
- 1D
- -1.38%
- 1M
- -4.12%
- 6M
- 25.30%
- YTD
- 29.21%
- 1Y
- 56.72%
- 3Y*
- 26.65%
- 5Y*
- 16.55%
- 10Y*
- —
IWVU.L vs. IWVG.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) | 28.22% | 40.59% | 4.85% | 19.74% | -9.88% | 20.13% | -3.59% | 18.01% | -15.78% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 29.21% | 41.17% | 4.80% | 19.04% | -9.76% | 20.14% | -4.01% | 19.28% | -16.25% |
Correlation
The correlation between IWVU.L and IWVG.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.93 |
The correlation between IWVU.L and IWVG.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
IWVU.L vs. IWVG.L — Risk / Return Rank
IWVU.L
IWVG.L
IWVU.L vs. IWVG.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 iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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 | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.60 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.52 | 6.55 | -0.03 |
| Martin ratioReturn relative to average drawdown | 22.24 | 23.13 | -0.88 |
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Drawdowns
IWVU.L vs. IWVG.L - Drawdown Comparison
The maximum IWVU.L drawdown since its inception was -36.21%, roughly equal to the maximum IWVG.L drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for IWVU.L and IWVG.L.
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Drawdown Indicators
| IWVU.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.21% | -35.79% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -8.62% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -14.64% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -26.94% | +0.36% |
Current DrawdownCurrent decline from peak | -5.33% | -4.24% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -6.64% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.45% | +0.07% |
Volatility
IWVU.L vs. IWVG.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) have volatilities of 6.26% and 6.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWVU.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 6.03% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 13.95% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 16.24% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 15.95% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 17.66% | +0.25% |
IWVU.L vs. IWVG.L - Expense Ratio Comparison
Both IWVU.L and IWVG.L have an expense ratio of 0.30%.
Dividends
IWVU.L vs. IWVG.L - Dividend Comparison
IWVU.L's dividend yield for the trailing twelve months is around 1.92%, which matches IWVG.L's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.92% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% |
Frequently Asked Questions
With a correlation of 0.96, IWVU.L and IWVG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWVU.L and IWVG.L have the same expense ratio: 0.30% per year.
IWVU.L tracks iShares Edge MSCI World Value Factor UCITS ETF USD (Dist), while IWVG.L tracks MSCI ACWI Value NR USD.
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