MIST.L vs. IWVG.L

Last updated Jul 16, 2026

MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, MIST.L returned 3.14%/yr vs 16.93%/yr for IWVG.L. At a 0.01 correlation, their price movements are largely independent.

Performance

MIST.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIST.L achieves a 2.23% return, which is significantly lower than IWVG.L's 28.47% return.

MIST.L

• 1D: 0.00%
• 1M: 0.32%
• 6M: 2.06%
• YTD: 2.23%
• 1Y: 4.37%
• 3Y*: 5.04%
• 5Y*: 3.14%
• 10Y*: —

IWVG.L

• 1D: -2.49%
• 1M: -4.98%
• 6M: 24.42%
• YTD: 28.47%
• 1Y: 54.93%
• 3Y*: 25.26%
• 5Y*: 16.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIST.L vs. IWVG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation	2.23%	4.61%	5.53%	5.01%	-1.12%	-0.36%	0.63%	0.28%
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	28.47%	31.27%	6.58%	13.08%	1.04%	21.24%	-6.86%	2.07%

Correlation

The correlation between MIST.L and IWVG.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.01

Return for Risk

MIST.L vs. IWVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIST.L

MIST.L Risk / Return Rank: 100
MIST.L Sharpe Ratio Rank: 100
MIST.L Sortino Ratio Rank: 100
MIST.L Omega Ratio Rank: 99
MIST.L Calmar Ratio Rank: 100
MIST.L Martin Ratio Rank: 100

IWVG.L

IWVG.L Risk / Return Rank: 96
IWVG.L Sharpe Ratio Rank: 97
IWVG.L Sortino Ratio Rank: 96
IWVG.L Omega Ratio Rank: 96
IWVG.L Calmar Ratio Rank: 97
IWVG.L Martin Ratio Rank: 96

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.

MIST.L vs. IWVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MIST.L	IWVG.L	Difference
Sharpe ratio: Return per unit of total volatility	11.58	3.66	+7.92
Sortino ratio: Return per unit of downside risk	35.35	4.85	+30.50
Omega ratio: Gain probability vs. loss probability	7.17	1.67	+5.49
Calmar ratio: Return relative to maximum drawdown	101.64	7.82	+93.82
Martin ratio: Return relative to average drawdown	493.90	25.39	+468.51

MIST.L vs. IWVG.L - Sharpe Ratio Comparison

The current MIST.L Sharpe Ratio is 11.58, which is higher than the IWVG.L Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of MIST.L and IWVG.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.

Drawdowns

MIST.L vs. IWVG.L - Drawdown Comparison

The maximum MIST.L drawdown since its inception was -3.70%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for MIST.L and IWVG.L.

Drawdown Indicators

	MIST.L	IWVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-3.70%	-28.07%	+24.37%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-6.99%	+6.95%
Max Drawdown (3Y) Largest decline over 3 years	-0.20%	-13.92%	+13.72%
Max Drawdown (5Y) Largest decline over 5 years	-2.45%	-13.92%	+11.47%
Current Drawdown Current decline from peak	0.00%	-6.26%	+6.26%
Average Drawdown Average peak-to-trough decline	-0.38%	-4.29%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	2.16%	-2.15%

Volatility

MIST.L vs. IWVG.L - Volatility Comparison

The current volatility for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) is 0.10%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that MIST.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIST.L	IWVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	6.15%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	0.28%	13.11%	-12.83%
Volatility (1Y) Calculated over the trailing 1-year period	0.38%	14.94%	-14.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	13.44%	-12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.98%	15.68%	-14.70%

Dividends

MIST.L vs. IWVG.L - Dividend Comparison

MIST.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	1.93%	2.48%	3.12%	3.22%	3.11%	2.61%	2.37%	2.90%	2.48%
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIST.L and IWVG.L in my portfolio?

MIST.L and IWVG.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between MIST.L and IWVG.L?

MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: PIMCO and iShares.