MINV.L vs. WRDA.L
MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - MINV.L tracks the MSCI ACWI NR USD while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, MINV.L returned 2.57% vs 27.42% for WRDA.L. At a 0.45 correlation, their price movements are largely independent. MINV.L charges 0.35%/yr vs 0.06%/yr for WRDA.L.
Performance
MINV.L vs. WRDA.L - Performance Comparison
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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 WRDA.L's 10.16% 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%
WRDA.L
- 1D
- 0.07%
- 1M
- 5.13%
- YTD
- 10.16%
- 6M
- 10.42%
- 1Y
- 27.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MINV.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 1.01% | 3.37% | 9.95% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.16% | 12.77% | 20.02% |
Correlation
The correlation between MINV.L and WRDA.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.45 |
The correlation between MINV.L and WRDA.L shifts across timeframes, from 0.33 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MINV.L vs. WRDA.L — Risk / Return Rank
MINV.L
WRDA.L
MINV.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.52 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 4.18 | -3.78 |
| Martin ratioReturn relative to average drawdown | 1.10 | 16.68 | -15.58 |
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 | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.72 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
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 | 1.51 | -0.68 |
Drawdowns
MINV.L vs. WRDA.L - Drawdown Comparison
The maximum MINV.L drawdown since its inception was -20.38%, which is greater than WRDA.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for MINV.L and WRDA.L.
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Drawdown Indicators
| MINV.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.38% | -18.38% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -6.53% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.38% | — | — |
Current DrawdownCurrent decline from peak | -3.60% | -0.12% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -2.27% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.64% | +0.69% |
Volatility
MINV.L vs. WRDA.L - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.55% and 2.49%, 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.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.49% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 7.16% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 10.03% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 12.34% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.85% | 12.34% | -0.49% |
MINV.L vs. WRDA.L - Expense Ratio Comparison
MINV.L has a 0.35% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
MINV.L vs. WRDA.L - Dividend Comparison
Neither MINV.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
MINV.L and WRDA.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.35% for MINV.L.
MINV.L tracks MSCI ACWI NR USD, while WRDA.L tracks MSCI World Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.35% for MINV.L and 0.06% for WRDA.L.
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