MINV.L vs. AVGC.L
MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and AVGC.L (Avantis Global Equity UCITS ETF USD Accumulating) are both Global Equities funds - MINV.L tracks the MSCI ACWI NR USD while AVGC.L tracks the MSCI World IMI Index. Both are passively managed. Over the past year, MINV.L returned 2.57% vs 32.19% for AVGC.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
MINV.L vs. AVGC.L - Performance Comparison
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Different Trading Currencies
MINV.L is traded in GBp, while AVGC.L is traded in USD. To make them comparable, the AVGC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MINV.L achieves a 1.01% return, which is significantly lower than AVGC.L's 13.91% return.
MINV.L
- 1D
- 0.15%
- 1M
- 1.83%
- YTD
- 1.01%
- 6M
- 0.93%
- 1Y
- 2.57%
- 3Y*
- 6.54%
- 5Y*
- 6.32%
- 10Y*
- 7.86%
AVGC.L
- 1D
- 0.25%
- 1M
- 4.65%
- YTD
- 13.91%
- 6M
- 14.19%
- 1Y
- 32.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MINV.L vs. AVGC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 1.01% | 3.04% |
AVGC.L Avantis Global Equity UCITS ETF USD Accumulating | 13.91% | 24.84% |
Correlation
The correlation between MINV.L and AVGC.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.28 |
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Return for Risk
MINV.L vs. AVGC.L — Risk / Return Rank
MINV.L
AVGC.L
MINV.L vs. AVGC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and Avantis Global Equity UCITS ETF USD Accumulating (AVGC.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.
| MINV.L | AVGC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.52 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 5.24 | -4.83 |
| Martin ratioReturn relative to average drawdown | 1.10 | 19.66 | -18.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MINV.L | AVGC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.80 | -2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 3.15 | -2.32 |
Drawdowns
MINV.L vs. AVGC.L - Drawdown Comparison
The maximum MINV.L drawdown since its inception was -20.38%, which is greater than AVGC.L's maximum drawdown of -6.12%. Use the drawdown chart below to compare losses from any high point for MINV.L and AVGC.L.
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Drawdown Indicators
| MINV.L | AVGC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.38% | -6.12% | -14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -6.12% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.38% | — | — |
Current DrawdownCurrent decline from peak | -3.60% | 0.00% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -0.91% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.63% | +0.70% |
Volatility
MINV.L vs. AVGC.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.55%, while Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) has a volatility of 3.57%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than AVGC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINV.L | AVGC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 3.57% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 8.84% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 11.45% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 11.97% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.85% | 11.97% | -0.12% |
MINV.L vs. AVGC.L - Expense Ratio Comparison
Both MINV.L and AVGC.L have an expense ratio of 0.35%.
Dividends
MINV.L vs. AVGC.L - Dividend Comparison
Neither MINV.L nor AVGC.L has paid dividends to shareholders.
Frequently Asked Questions
MINV.L and AVGC.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MINV.L and AVGC.L have the same expense ratio: 0.35% per year.
MINV.L tracks MSCI ACWI NR USD, while AVGC.L tracks MSCI World IMI Index. They also come from different issuers: iShares and Avantis.
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