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

MINV.L vs. MVOL.L

Last updated Jun 5, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and MVOL.L (iShares Edge MSCI World Minimum Volatility 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 7.86%/yr vs 7.84%/yr for MVOL.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

MINV.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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 MVOL.L is traded in USD. To make them comparable, the MVOL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with MINV.L having a 1.01% return and MVOL.L slightly lower at 1.00%. Both investments have delivered pretty close results over the past 10 years, with MINV.L having a 7.86% annualized return and MVOL.L not far behind at 7.84%.

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%

MVOL.L

1D
0.00%
1M
1.61%
YTD
1.00%
6M
0.66%
1Y
2.34%
3Y*
6.53%
5Y*
6.30%
10Y*
7.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		1.01%3.37%12.86%1.50%1.23%15.98%-1.05%18.84%3.17%7.00%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.07%3.11%13.02%1.92%1.12%15.73%-0.45%17.90%3.39%7.25%

Correlation

The correlation between MINV.L and MVOL.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.86

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

0.88

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

0.87

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

0.88

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2013

0.87

The correlation between MINV.L and MVOL.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

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

Sectors
MINV.L
MVOL.L

Technology

21.3%
20.1%

Financial Services

14.2%
14.0%

Healthcare

13.6%
13.8%

Communication Services

11.9%
12.1%

Consumer Defensive

10.8%
10.9%

Industrials

9.1%
9.2%

Utilities

7.7%
8.0%

Consumer Cyclical

5.4%
5.6%

Energy

4.2%
4.5%

Basic Materials

1.0%
1.1%

Real Estate

0.7%
0.7%

Technology

MINV.L
21.3%
MVOL.L
20.1%

Financial Services

MINV.L
14.2%
MVOL.L
14.0%

Healthcare

MINV.L
13.6%
MVOL.L
13.8%

Communication Services

MINV.L
11.9%
MVOL.L
12.1%

Consumer Defensive

MINV.L
10.8%
MVOL.L
10.9%

Industrials

MINV.L
9.1%
MVOL.L
9.2%

Utilities

MINV.L
7.7%
MVOL.L
8.0%

Consumer Cyclical

MINV.L
5.4%
MVOL.L
5.6%

Energy

MINV.L
4.2%
MVOL.L
4.5%

Basic Materials

MINV.L
1.0%
MVOL.L
1.1%

Real Estate

MINV.L
0.7%
MVOL.L
0.7%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Minimum Volatility UCITS ETF

iShares Edge MSCI World Minimum Volatility 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 MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

MINV.L vs. MVOL.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: 1414
Overall Rank
MINV.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
MINV.L Sortino Ratio Rank: 1313
Sortino Ratio Rank
MINV.L Omega Ratio Rank: 1313
Omega Ratio Rank
MINV.L Calmar Ratio Rank: 1414
Calmar Ratio Rank
MINV.L Martin Ratio Rank: 1414
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
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. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
0.32
0.27

+0.06

Sortino ratioReturn per unit of downside risk
0.53
0.43

+0.09

Omega ratioGain probability vs. loss probability

1.06

1.05

+0.01

Calmar ratioReturn relative to maximum drawdown

0.41

0.40

+0.01

Martin ratioReturn relative to average drawdown

1.10

1.02

+0.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MINV.L Sharpe Ratio is 0.32, which is comparable to the MVOL.L Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of MINV.L and MVOL.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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Sharpe Ratios by Period

MINV.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

0.27

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.59

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.63

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.79

+0.04

Drawdowns

MINV.L vs. MVOL.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -20.38%, roughly equal to the maximum MVOL.L drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for MINV.L and MVOL.L.

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Drawdown Indicators

MINV.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.38%

-20.24%

-0.14%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-5.89%

-0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-8.78%

+0.31%

Max Drawdown (5Y)

Largest decline over 5 years

-10.23%

-10.44%

+0.21%

Max Drawdown (10Y)

Largest decline over 10 years

-20.38%

-20.24%

-0.14%

Current Drawdown

Current decline from peak

-3.60%

-3.49%

-0.11%

Average Drawdown

Average peak-to-trough decline

-3.74%

-3.64%

-0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.28%

+0.05%

Volatility

MINV.L vs. MVOL.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.55%, while iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a volatility of 2.88%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than MVOL.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.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

2.88%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

5.92%

6.87%

-0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

8.81%

-0.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

10.63%

-0.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.85%

12.49%

-0.64%

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

Both MINV.L and MVOL.L have an expense ratio of 0.35%.

Dividends

MINV.L vs. MVOL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

MINV.L and MVOL.L have a correlation of 0.86, 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 MVOL.L have the same expense ratio: 0.35% per year.

Both ETFs track MSCI ACWI NR USD.

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