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

MINV.L vs. XDEV.L

Last updated Jun 5, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - MINV.L tracks the MSCI ACWI NR USD while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, MINV.L returned 7.86%/yr vs 13.44%/yr for XDEV.L. A 0.69 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.25%/yr for XDEV.L.

Performance

MINV.L vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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 XDEV.L's 34.49% return. Over the past 10 years, MINV.L has underperformed XDEV.L with an annualized return of 7.86%, while XDEV.L has yielded a comparatively higher 13.44% 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%

XDEV.L

1D
-0.91%
1M
13.12%
YTD
34.49%
6M
37.39%
1Y
67.77%
3Y*
26.92%
5Y*
17.53%
10Y*
13.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MINV.L vs. XDEV.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%
XDEV.L
Xtrackers MSCI World Value Factor UCITS ETF 1C		34.49%30.51%6.79%13.25%1.01%21.67%-6.88%14.56%-9.23%11.91%

Correlation

The correlation between MINV.L and XDEV.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.47

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

0.54

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

0.66

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2014

0.69

Over the past year, the correlation between MINV.L and XDEV.L has dropped to 0.27 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

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

Sectors
MINV.L
XDEV.L

Technology

21.3%
33.9%

Financial Services

14.2%
14.8%

Healthcare

13.6%
8.8%

Communication Services

11.9%
7.5%

Consumer Defensive

10.8%
4.5%

Industrials

9.1%
11.4%

Utilities

7.7%
2.6%

Consumer Cyclical

5.4%
7.9%

Energy

4.2%
3.8%

Basic Materials

1.0%
3.0%

Real Estate

0.7%
1.8%

Technology

MINV.L
21.3%
XDEV.L
33.9%

Financial Services

MINV.L
14.2%
XDEV.L
14.8%

Healthcare

MINV.L
13.6%
XDEV.L
8.8%

Communication Services

MINV.L
11.9%
XDEV.L
7.5%

Consumer Defensive

MINV.L
10.8%
XDEV.L
4.5%

Industrials

MINV.L
9.1%
XDEV.L
11.4%

Utilities

MINV.L
7.7%
XDEV.L
2.6%

Consumer Cyclical

MINV.L
5.4%
XDEV.L
7.9%

Energy

MINV.L
4.2%
XDEV.L
3.8%

Basic Materials

MINV.L
1.0%
XDEV.L
3.0%

Real Estate

MINV.L
0.7%
XDEV.L
1.8%

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iShares Edge MSCI World Minimum Volatility UCITS ETF

Xtrackers MSCI World Value Factor UCITS ETF 1C

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 XDEV.L:
XDEV.L vs. XDEM.LXDEV.L vs. VWCE.DEXDEV.L vs. XDEQ.LXDEV.L vs. JPGL.LXDEV.L vs. IWVG.LXDEV.L vs. NASL.LXDEV.L vs. FRXT.L

Return for Risk

MINV.L vs. XDEV.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
XDEV.L
XDEV.L Risk / Return Rank: 9797
Overall Rank
XDEV.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDEV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDEV.L Omega Ratio Rank: 9797
Omega Ratio Rank
XDEV.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
XDEV.L Martin Ratio Rank: 9696
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. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.LXDEV.LDifference
Sharpe ratioReturn per unit of total volatility
0.32
5.07

-4.75

Sortino ratioReturn per unit of downside risk
0.53
6.87

-6.34

Omega ratioGain probability vs. loss probability

1.06

1.97

-0.91

Calmar ratioReturn relative to maximum drawdown

0.41

9.75

-9.34

Martin ratioReturn relative to average drawdown

1.10

37.53

-36.43

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. XDEV.L - Sharpe Ratio Comparison

The current MINV.L Sharpe Ratio is 0.32, which is lower than the XDEV.L Sharpe Ratio of 5.07. The chart below compares the historical Sharpe Ratios of MINV.L and XDEV.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.LXDEV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

5.07

-4.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

1.33

-0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.89

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.86

-0.03

Drawdowns

MINV.L vs. XDEV.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -20.38%, smaller than the maximum XDEV.L drawdown of -28.20%. Use the drawdown chart below to compare losses from any high point for MINV.L and XDEV.L.

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Drawdown Indicators

MINV.LXDEV.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.38%

-28.20%

+7.82%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-6.92%

+0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-14.00%

+5.53%

Max Drawdown (5Y)

Largest decline over 5 years

-10.23%

-14.00%

+3.77%

Max Drawdown (10Y)

Largest decline over 10 years

-20.38%

-28.20%

+7.82%

Current Drawdown

Current decline from peak

-3.60%

-0.91%

-2.69%

Average Drawdown

Average peak-to-trough decline

-3.74%

-4.35%

+0.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

1.80%

+0.53%

Volatility

MINV.L vs. XDEV.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.55%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 5.42%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than XDEV.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.LXDEV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

5.42%

-2.87%

Volatility (6M)

Calculated over the trailing 6-month period

5.92%

10.84%

-4.92%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

13.30%

-5.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

13.14%

-3.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.85%

15.04%

-3.19%

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

MINV.L has a 0.35% expense ratio, which is higher than XDEV.L's 0.25% expense ratio.

Dividends

MINV.L vs. XDEV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

MINV.L and XDEV.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MINV.L.

MINV.L tracks MSCI ACWI NR USD, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.35% for MINV.L and 0.25% for XDEV.L.

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