MINV.L vs. FULVX
Compare and contrast key facts about iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and Fidelity U.S. Low Volatility Equity Fund (FULVX).
MINV.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Nov 30, 2012. FULVX is managed by Fidelity. It was launched on Nov 5, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINV.L or FULVX.
Key characteristics
| MINV.L | FULVX | |
|---|---|---|
| YTD Return | 11.06% | 15.36% |
| 1Y Return | 11.96% | 20.28% |
| 3Y Return (Ann) | 6.40% | 5.26% |
| Sharpe Ratio | 1.44 | 2.25 |
| Daily Std Dev | 7.64% | 9.01% |
| Max Drawdown | -20.38% | -33.24% |
| Current Drawdown | -1.18% | -0.96% |
Correlation
The correlation between MINV.L and FULVX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MINV.L vs. FULVX - Performance Comparison
In the year-to-date period, MINV.L achieves a 11.06% return, which is significantly lower than FULVX's 15.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MINV.L vs. FULVX - Expense Ratio Comparison
MINV.L has a 0.35% expense ratio, which is lower than FULVX's 0.66% expense ratio.
Risk-Adjusted Performance
MINV.L vs. FULVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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.
Dividends
MINV.L vs. FULVX - Dividend Comparison
MINV.L has not paid dividends to shareholders, while FULVX's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.22% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% |
Drawdowns
MINV.L vs. FULVX - Drawdown Comparison
The maximum MINV.L drawdown since its inception was -20.38%, smaller than the maximum FULVX drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for MINV.L and FULVX. For additional features, visit the drawdowns tool.
Volatility
MINV.L vs. FULVX - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) has a higher volatility of 2.91% compared to Fidelity U.S. Low Volatility Equity Fund (FULVX) at 2.52%. This indicates that MINV.L's price experiences larger fluctuations and is considered to be riskier than FULVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.