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

MINV.L vs. SMGB.L

Last updated Jun 5, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and SMGB.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SMGB.L is a Semiconductors fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, MINV.L returned 6.32%/yr vs 38.39%/yr for SMGB.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

MINV.L vs. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.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 SMGB.L is traded in GBP. To make them comparable, the SMGB.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 1.01% return, which is significantly lower than SMGB.L's 85.49% return.

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%

SMGB.L

1D
-2.49%
1M
23.49%
YTD
85.49%
6M
84.69%
1Y
173.74%
3Y*
57.16%
5Y*
38.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		1.01%3.37%12.86%1.50%1.23%15.98%-0.22%
SMGB.L
VanEck Semiconductor UCITS ETF		85.49%38.79%26.31%66.17%-27.49%44.41%2.28%

Correlation

The correlation between MINV.L and SMGB.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.13

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

0.07

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

0.21

Correlation (All Time)
Calculated using the full available price history since Dec 4, 2020

0.23

The correlation between MINV.L and SMGB.L shifts across timeframes, from -0.13 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

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

Sectors
MINV.L
SMGB.L

Technology

21.3%
100.0%

Financial Services

14.2%

-

Healthcare

13.6%

-

Communication Services

11.9%

-

Consumer Defensive

10.8%

-

Industrials

9.1%

-

Utilities

7.7%

-

Consumer Cyclical

5.4%

-

Energy

4.2%

-

Basic Materials

1.0%

-

Real Estate

0.7%

-

Technology

MINV.L
21.3%
SMGB.L
100.0%

Financial Services

MINV.L
14.2%
SMGB.L

-

Healthcare

MINV.L
13.6%
SMGB.L

-

Communication Services

MINV.L
11.9%
SMGB.L

-

Consumer Defensive

MINV.L
10.8%
SMGB.L

-

Industrials

MINV.L
9.1%
SMGB.L

-

Utilities

MINV.L
7.7%
SMGB.L

-

Consumer Cyclical

MINV.L
5.4%
SMGB.L

-

Energy

MINV.L
4.2%
SMGB.L

-

Basic Materials

MINV.L
1.0%
SMGB.L

-

Real Estate

MINV.L
0.7%
SMGB.L

-

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iShares Edge MSCI World Minimum Volatility UCITS ETF

VanEck Semiconductor UCITS ETF

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 SMGB.L:
SMGB.L vs. SEMISMGB.L vs. IITU.LSMGB.L vs. SOXXSMGB.L vs. EQQQ.DESMGB.L vs. HNSS.LSMGB.L vs. AIAG.LSMGB.L vs. XLKQ.L

Return for Risk

MINV.L vs. SMGB.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
SMGB.L
SMGB.L Risk / Return Rank: 9797
Overall Rank
SMGB.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SMGB.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
SMGB.L Omega Ratio Rank: 9595
Omega Ratio Rank
SMGB.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
SMGB.L Martin Ratio Rank: 9797
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. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.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.LSMGB.LDifference
Sharpe ratioReturn per unit of total volatility
0.32
5.58

-5.25

Sortino ratioReturn per unit of downside risk
0.53
5.70

-5.17

Omega ratioGain probability vs. loss probability

1.06

1.74

-0.68

Calmar ratioReturn relative to maximum drawdown

0.41

14.46

-14.06

Martin ratioReturn relative to average drawdown

1.10

50.72

-49.62

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. SMGB.L - Sharpe Ratio Comparison

The current MINV.L Sharpe Ratio is 0.32, which is lower than the SMGB.L Sharpe Ratio of 5.58. The chart below compares the historical Sharpe Ratios of MINV.L and SMGB.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.LSMGB.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

5.58

-5.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

1.26

-0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

1.25

-0.41

Drawdowns

MINV.L vs. SMGB.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -20.38%, smaller than the maximum SMGB.L drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for MINV.L and SMGB.L.

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Drawdown Indicators

MINV.LSMGB.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.38%

-36.24%

+15.86%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-11.94%

+5.63%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-36.24%

+27.77%

Max Drawdown (5Y)

Largest decline over 5 years

-10.23%

-36.24%

+26.01%

Max Drawdown (10Y)

Largest decline over 10 years

-20.38%

—

—

Current Drawdown

Current decline from peak

-3.60%

-2.49%

-1.11%

Average Drawdown

Average peak-to-trough decline

-3.74%

-9.75%

+6.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

3.41%

-1.08%

Volatility

MINV.L vs. SMGB.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.55%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 12.41%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than SMGB.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.LSMGB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

12.41%

-9.86%

Volatility (6M)

Calculated over the trailing 6-month period

5.92%

23.93%

-18.01%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

30.96%

-23.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

30.45%

-20.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.85%

30.19%

-18.34%

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

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

Dividends

MINV.L vs. SMGB.L - Dividend Comparison

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

PositionTTM2025202420232022
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		0.00%0.00%0.00%0.00%0.00%
SMGB.L
VanEck Semiconductor UCITS ETF		0.00%0.00%0.00%0.00%0.44%

Frequently Asked Questions

MINV.L and SMGB.L have a correlation of -0.13, 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 SMGB.L have the same expense ratio: 0.35% per year.

MINV.L is categorized as Global Equities, while SMGB.L is Semiconductors. MINV.L tracks MSCI ACWI NR USD, while SMGB.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and VanEck.

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