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.
Performance
MINV.L vs. FULVX - Performance Comparison
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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 | 1.37% | 3.37% | 12.86% | 1.50% | 1.23% | 15.98% | -1.05% | 0.42% |
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.01% | -2.27% | 19.81% | 1.06% | 0.22% | 18.90% | 0.78% | 1.33% |
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
In the year-to-date period, MINV.L achieves a 1.37% return, which is significantly higher than FULVX's 1.01% return.
MINV.L
- 1D
- 0.00%
- 1M
- -3.25%
- YTD
- 1.37%
- 6M
- 1.44%
- 1Y
- -0.18%
- 3Y*
- 6.61%
- 5Y*
- 6.91%
- 10Y*
- 7.97%
FULVX
- 1D
- 0.83%
- 1M
- -3.31%
- YTD
- 1.01%
- 6M
- -0.17%
- 1Y
- -2.09%
- 3Y*
- 6.82%
- 5Y*
- 6.89%
- 10Y*
- —
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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.
Return for Risk
MINV.L vs. FULVX — Risk / Return Rank
MINV.L
FULVX
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.
| MINV.L | FULVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | -0.17 | +0.15 |
Sortino ratioReturn per unit of downside risk | 0.04 | -0.15 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.01 | 0.98 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.14 | +0.19 |
Martin ratioReturn relative to average drawdown | 0.14 | -0.35 | +0.48 |
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 | FULVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.17 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.57 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.37 | +0.47 |
Correlation
The correlation between MINV.L and FULVX is 0.59, 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.
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 6.88%.
| TTM | 2025 | 2024 | 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% | 0.00% | 0.00% |
FULVX Fidelity U.S. Low Volatility Equity Fund | 6.88% | 6.82% | 5.76% | 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 -25.34%. Use the drawdown chart below to compare losses from any high point for MINV.L and FULVX.
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Drawdown Indicators
| MINV.L | FULVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.38% | -33.24% | +12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -9.44% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -10.23% | -18.64% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -20.38% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -4.77% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -5.11% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.17% | -0.18% |
Volatility
MINV.L vs. FULVX - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.80%, while Fidelity U.S. Low Volatility Equity Fund (FULVX) has a volatility of 3.11%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than FULVX 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 | FULVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 3.11% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 6.88% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 12.77% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 12.25% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.87% | 16.22% | -4.35% |