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

MINV.L vs. SWDA.L

Last updated Jun 5, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - MINV.L tracks the MSCI ACWI NR USD while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, MINV.L returned 7.86%/yr vs 13.91%/yr for SWDA.L. A 0.77 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.20%/yr for SWDA.L.

Performance

MINV.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MINV.L achieves a 1.01% return, which is significantly lower than SWDA.L's 10.08% return. Over the past 10 years, MINV.L has underperformed SWDA.L with an annualized return of 7.86%, while SWDA.L has yielded a comparatively higher 13.91% annualized 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%

SWDA.L

1D
0.15%
1M
5.12%
YTD
10.08%
6M
10.35%
1Y
27.25%
3Y*
17.68%
5Y*
13.06%
10Y*
13.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MINV.L vs. SWDA.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%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.08%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%

Correlation

The correlation between MINV.L and SWDA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.49

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

0.61

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

0.76

Correlation (All Time)
Calculated using the full available price history since Dec 21, 2012

0.77

Over the past year, the correlation between MINV.L and SWDA.L has dropped to 0.31 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

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

Sectors
MINV.L
SWDA.L

Technology

21.3%
30.0%

Financial Services

14.2%
15.4%

Healthcare

13.6%
8.7%

Communication Services

11.9%
9.2%

Consumer Defensive

10.8%
5.2%

Industrials

9.1%
10.9%

Utilities

7.7%
2.5%

Consumer Cyclical

5.4%
9.0%

Energy

4.2%
4.2%

Basic Materials

1.0%
3.2%

Real Estate

0.7%
1.8%

Technology

MINV.L
21.3%
SWDA.L
30.0%

Financial Services

MINV.L
14.2%
SWDA.L
15.4%

Healthcare

MINV.L
13.6%
SWDA.L
8.7%

Communication Services

MINV.L
11.9%
SWDA.L
9.2%

Consumer Defensive

MINV.L
10.8%
SWDA.L
5.2%

Industrials

MINV.L
9.1%
SWDA.L
10.9%

Utilities

MINV.L
7.7%
SWDA.L
2.5%

Consumer Cyclical

MINV.L
5.4%
SWDA.L
9.0%

Energy

MINV.L
4.2%
SWDA.L
4.2%

Basic Materials

MINV.L
1.0%
SWDA.L
3.2%

Real Estate

MINV.L
0.7%
SWDA.L
1.8%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Minimum Volatility UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

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 SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

MINV.L vs. SWDA.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
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.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.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
0.32
2.66

-2.34

Sortino ratioReturn per unit of downside risk
0.53
3.69

-3.17

Omega ratioGain probability vs. loss probability

1.06

1.51

-0.45

Calmar ratioReturn relative to maximum drawdown

0.41

4.14

-3.74

Martin ratioReturn relative to average drawdown

1.10

16.55

-15.46

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. SWDA.L - Sharpe Ratio Comparison

The current MINV.L Sharpe Ratio is 0.32, which is lower than the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of MINV.L and SWDA.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.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

2.66

-2.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.98

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.96

-0.30

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.88

-0.05

Drawdowns

MINV.L vs. SWDA.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -20.38%, smaller than the maximum SWDA.L drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for MINV.L and SWDA.L.

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Drawdown Indicators

MINV.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.38%

-25.58%

+5.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-6.55%

+0.24%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-18.50%

+10.03%

Max Drawdown (5Y)

Largest decline over 5 years

-10.23%

-18.50%

+8.27%

Max Drawdown (10Y)

Largest decline over 10 years

-20.38%

-25.58%

+5.20%

Current Drawdown

Current decline from peak

-3.60%

-0.10%

-3.50%

Average Drawdown

Average peak-to-trough decline

-3.74%

-3.49%

-0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

1.64%

+0.69%

Volatility

MINV.L vs. SWDA.L - Volatility Comparison

iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) have volatilities of 2.55% and 2.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MINV.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

2.52%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

5.92%

7.29%

-1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

10.19%

-2.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

13.30%

-3.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.85%

14.50%

-2.65%

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

MINV.L has a 0.35% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

MINV.L vs. SWDA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

MINV.L and SWDA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for MINV.L.

MINV.L tracks MSCI ACWI NR USD, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.35% for MINV.L and 0.20% for SWDA.L.

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