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MINV.L vs. IWQU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MINV.L vs. IWQU.L

Last updated Jun 16, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, MINV.L returned 7.90%/yr vs 13.62%/yr for IWQU.L. A 0.72 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.30%/yr for IWQU.L.

Performance

MINV.L vs. IWQU.L - 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 iShares MSCI World Quality Factor UCITS (IWQU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MINV.L is traded in GBp, while IWQU.L is traded in USD. To make them comparable, the IWQU.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 1.39% return, which is significantly lower than IWQU.L's 10.29% return. Over the past 10 years, MINV.L has underperformed IWQU.L with an annualized return of 7.90%, while IWQU.L has yielded a comparatively higher 13.62% annualized return.

MINV.L

1D
-0.20%
1M
0.18%
YTD
1.39%
6M
1.26%
1Y
3.44%
3Y*
7.15%
5Y*
6.11%
10Y*
7.90%

IWQU.L

1D
0.93%
1M
2.69%
YTD
10.29%
6M
10.41%
1Y
23.99%
3Y*
15.74%
5Y*
11.30%
10Y*
13.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MINV.L vs. IWQU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		1.39%3.37%12.86%1.50%1.23%15.98%-1.05%18.84%3.17%7.00%
IWQU.L
iShares MSCI World Quality Factor UCITS		10.29%7.07%19.21%19.60%-9.66%24.87%11.57%24.71%-2.05%12.88%

Correlation

The correlation between MINV.L and IWQU.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2014

0.72

Over the past year, the correlation between MINV.L and IWQU.L has dropped to 0.34 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

MINV.L vs. IWQU.L - Sectors Allocation Comparison

Sectors
MINV.L
IWQU.L

Technology

24.7%
31.2%

Healthcare

13.5%
8.8%

Financial Services

12.9%
14.7%

Communication Services

11.2%
9.6%

Consumer Defensive

10.2%
4.8%

Industrials

8.9%
10.3%

Utilities

7.3%
2.5%

Consumer Cyclical

5.2%
9.2%

Energy

4.1%
3.9%

Real Estate

1.0%
1.7%

Basic Materials

0.9%
3.4%

Technology

MINV.L
24.7%
IWQU.L
31.2%

Healthcare

MINV.L
13.5%
IWQU.L
8.8%

Financial Services

MINV.L
12.9%
IWQU.L
14.7%

Communication Services

MINV.L
11.2%
IWQU.L
9.6%

Consumer Defensive

MINV.L
10.2%
IWQU.L
4.8%

Industrials

MINV.L
8.9%
IWQU.L
10.3%

Utilities

MINV.L
7.3%
IWQU.L
2.5%

Consumer Cyclical

MINV.L
5.2%
IWQU.L
9.2%

Energy

MINV.L
4.1%
IWQU.L
3.9%

Real Estate

MINV.L
1.0%
IWQU.L
1.7%

Basic Materials

MINV.L
0.9%
IWQU.L
3.4%

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iShares Edge MSCI World Minimum Volatility UCITS ETF

iShares MSCI World Quality Factor UCITS

Often compared with MINV.L:
MINV.L vs. MVEW.LMINV.L vs. CSH2.LMINV.L vs. FULVXMINV.L vs. MVEA.LMINV.L vs. SPYMINV.L vs. VOOMINV.L vs. AOR
Often compared with IWQU.L:
IWQU.L vs. IWDA.ASIWQU.L vs. XDEQ.LIWQU.L vs. VOOIWQU.L vs. IWVL.LIWQU.L vs. IWMO.MIIWQU.L vs. VTIWQU.L vs. IWVG.L

Return for Risk

MINV.L vs. IWQU.L — 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: 1616
Overall Rank
MINV.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MINV.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
MINV.L Omega Ratio Rank: 1414
Omega Ratio Rank
MINV.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
MINV.L Martin Ratio Rank: 1616
Martin Ratio Rank
IWQU.L
IWQU.L Risk / Return Rank: 6565
Overall Rank
IWQU.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IWQU.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IWQU.L Omega Ratio Rank: 6464
Omega Ratio Rank
IWQU.L Calmar Ratio Rank: 5858
Calmar Ratio Rank
IWQU.L Martin Ratio Rank: 6666
Martin Ratio Rank
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. IWQU.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 iShares MSCI World Quality Factor UCITS (IWQU.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.

MINV.LIWQU.LDifference
Sharpe ratioReturn per unit of total volatility
0.43
2.12

-1.69

Sortino ratioReturn per unit of downside risk
0.69
3.01

-2.33

Omega ratioGain probability vs. loss probability

1.08

1.39

-0.32

Calmar ratioReturn relative to maximum drawdown

0.54

3.58

-3.04

Martin ratioReturn relative to average drawdown

1.44

14.16

-12.72

MINV.L vs. IWQU.L - Sharpe Ratio Comparison

The current MINV.L Sharpe Ratio is 0.43, which is lower than the IWQU.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of MINV.L and IWQU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MINV.L vs. IWQU.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -39.64%, which is greater than IWQU.L's maximum drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for MINV.L and IWQU.L.

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Drawdown Indicators

MINV.LIWQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.64%

-24.70%

-14.94%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-6.67%

+0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-20.10%

-18.12%

-1.98%

Max Drawdown (5Y)

Largest decline over 5 years

-20.10%

-18.12%

-1.98%

Max Drawdown (10Y)

Largest decline over 10 years

-20.38%

-24.70%

+4.32%

Current Drawdown

Current decline from peak

-3.23%

0.00%

-3.23%

Average Drawdown

Average peak-to-trough decline

-8.67%

-3.67%

-5.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

1.69%

+0.69%

Volatility

MINV.L vs. IWQU.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.08%, while iShares MSCI World Quality Factor UCITS (IWQU.L) has a volatility of 3.16%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than IWQU.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.LIWQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.08%

3.16%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

5.90%

8.70%

-2.80%

Volatility (1Y)

Calculated over the trailing 1-year period

7.94%

11.28%

-3.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.98%

14.51%

+2.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.40%

15.51%

-0.11%

MINV.L vs. IWQU.L - Expense Ratio Comparison

MINV.L has a 0.35% expense ratio, which is higher than IWQU.L's 0.30% expense ratio.

Dividends

MINV.L vs. IWQU.L - Dividend Comparison

Neither MINV.L nor IWQU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

MINV.L and IWQU.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWQU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWQU.L is cheaper with a 0.30% expense ratio, compared with 0.35% for MINV.L.

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.35% for MINV.L and 0.30% for IWQU.L.

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