MINV.L vs. FULVX

Last updated Jun 25, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both funds - MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD, while FULVX is a Large Cap Blend Equities fund managed by Fidelity. A 0.58 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.66%/yr for FULVX.

Performance

MINV.L vs. FULVX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and Fidelity U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MINV.L is traded in GBp, while FULVX is traded in USD. To make them comparable, the FULVX values have been converted to GBp using the latest available exchange rates.

Returns By Period

MINV.L

• 1D: 1.09%
• 1M: 0.32%
• YTD: 2.22%
• 6M: 2.67%
• 1Y: 4.96%
• 3Y*: 7.64%
• 5Y*: 6.13%
• 10Y*: 7.40%

FULVX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MINV.L vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	2.22%	3.37%	12.86%	1.50%	1.23%	15.98%	-1.05%	-0.26%
FULVX Fidelity U.S. Low Volatility Equity Fund	0.54%	-2.27%	19.81%	1.06%	0.22%	18.90%	0.78%	1.33%

Correlation

The correlation between MINV.L and FULVX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.58

The correlation between MINV.L and FULVX has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

MINV.L vs. FULVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MINV.L

MINV.L Risk / Return Rank: 19
MINV.L Sharpe Ratio Rank: 20
MINV.L Sortino Ratio Rank: 19
MINV.L Omega Ratio Rank: 17
MINV.L Calmar Ratio Rank: 19
MINV.L Martin Ratio Rank: 19

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINV.L vs. FULVX - 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 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.

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.

	MINV.L	FULVX	Difference
Sharpe ratio: Return per unit of total volatility	0.62	—	—
Sortino ratio: Return per unit of downside risk	0.96	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.78	—	—
Martin ratio: Return relative to average drawdown	2.02	—	—

Drawdowns

Drawdown Indicators

	MINV.L	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.38%	—	—
Current Drawdown Current decline from peak	-2.45%	—	—
Average Drawdown Average peak-to-trough decline	-8.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	—	—

Volatility

Volatility by Period

	MINV.L	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.23%	—	—

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.

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 8.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MINV.L and FULVX in my portfolio?

MINV.L and FULVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.