MVEA.L vs. FSWD.L
MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) are both exchange-traded funds - MVEA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FSWD.L is a Global Equities fund tracking the STOXX Developed World Equity Factor Screened Net Index. Both are passively managed. Over the past 5 years, MVEA.L returned 5.86%/yr vs 11.68%/yr for FSWD.L. A 0.73 correlation means they provide meaningful diversification when combined. MVEA.L charges 0.20%/yr vs 0.30%/yr for FSWD.L.
Performance
MVEA.L vs. FSWD.L - Performance Comparison
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Different Trading Currencies
MVEA.L is traded in GBP, while FSWD.L is traded in GBp. To make them comparable, the FSWD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, MVEA.L achieves a 2.53% return, which is significantly lower than FSWD.L's 12.10% return.
MVEA.L
- 1D
- 0.62%
- 1M
- 1.09%
- 6M
- 2.05%
- YTD
- 2.53%
- 1Y
- 3.85%
- 3Y*
- 7.40%
- 5Y*
- 5.86%
- 10Y*
- —
FSWD.L
- 1D
- -0.82%
- 1M
- -0.61%
- 6M
- 10.73%
- YTD
- 12.10%
- 1Y
- 24.41%
- 3Y*
- 18.45%
- 5Y*
- 11.68%
- 10Y*
- 11.49%
MVEA.L vs. FSWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.53% | -2.77% | 15.04% | 6.33% | -1.36% | 25.81% | 0.75% |
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.10% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 8.29% |
Correlation
The correlation between MVEA.L and FSWD.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020 | 0.73 |
Over the past year, the correlation between MVEA.L and FSWD.L has dropped to 0.38 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
MVEA.L vs. FSWD.L — Risk / Return Rank
MVEA.L
FSWD.L
MVEA.L vs. FSWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) and iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.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.
| MVEA.L | FSWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.40 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 4.12 | -3.41 |
| Martin ratioReturn relative to average drawdown | 1.77 | 15.80 | -14.03 |
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Drawdowns
MVEA.L vs. FSWD.L - Drawdown Comparison
The maximum MVEA.L drawdown since its inception was -14.33%, smaller than the maximum FSWD.L drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for MVEA.L and FSWD.L.
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Drawdown Indicators
| MVEA.L | FSWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -37.43% | +23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -5.90% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -19.93% | +5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -19.93% | +5.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.27% | — |
Current DrawdownCurrent decline from peak | -6.22% | -1.42% | -4.80% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -7.38% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.54% | +0.63% |
Volatility
MVEA.L vs. FSWD.L - Volatility Comparison
iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) and iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) have volatilities of 2.80% and 2.86%, 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
| MVEA.L | FSWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.86% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 8.36% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 10.94% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 18.86% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 17.40% | -5.51% |
MVEA.L vs. FSWD.L - Expense Ratio Comparison
MVEA.L has a 0.20% expense ratio, which is lower than FSWD.L's 0.30% expense ratio.
Dividends
MVEA.L vs. FSWD.L - Dividend Comparison
Neither MVEA.L nor FSWD.L has paid dividends to shareholders.
Frequently Asked Questions
MVEA.L and FSWD.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for FSWD.L.
MVEA.L is categorized as Large Cap Blend Equities, while FSWD.L is Global Equities. MVEA.L tracks Russell 1000 TR USD, while FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index. Their fees differ too: 0.20% for MVEA.L and 0.30% for FSWD.L.
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