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MVEW.L vs. IWFQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVEW.L vs. IWFQ.L

Last updated Jun 5, 2026

MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and IWFQ.L (iShares MSCI World Quality Factor UCITS) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, MVEW.L returned 6.63%/yr vs 11.52%/yr for IWFQ.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

MVEW.L vs. IWFQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) and iShares MSCI World Quality Factor UCITS (IWFQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MVEW.L is traded in GBP, while IWFQ.L is traded in GBp. To make them comparable, the IWFQ.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVEW.L achieves a 0.37% return, which is significantly lower than IWFQ.L's 8.70% return.

MVEW.L

1D
0.20%
1M
1.97%
YTD
0.37%
6M
0.14%
1Y
3.27%
3Y*
6.64%
5Y*
6.63%
10Y*
—

IWFQ.L

1D
0.95%
1M
4.62%
YTD
8.70%
6M
9.17%
1Y
22.15%
3Y*
15.22%
5Y*
11.52%
10Y*
13.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVEW.L vs. IWFQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
MVEW.L
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)		0.37%3.73%12.44%4.00%-0.60%18.17%-1.61%
IWFQ.L
iShares MSCI World Quality Factor UCITS		8.70%7.40%18.93%19.15%-9.55%25.17%7.01%

Correlation

The correlation between MVEW.L and IWFQ.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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 20, 2020

0.73

Over the past year, the correlation between MVEW.L and IWFQ.L has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

MVEW.L vs. IWFQ.L - Sectors Allocation Comparison

Sectors
MVEW.L
IWFQ.L

Technology

22.6%
32.2%

Financial Services

15.2%
14.1%

Healthcare

14.9%
9.4%

Communication Services

10.5%
9.1%

Consumer Defensive

10.2%
5.1%

Industrials

8.2%
9.8%

Utilities

6.7%
2.5%

Consumer Cyclical

5.4%
8.8%

Energy

3.3%
4.2%

Basic Materials

1.5%
3.3%

Real Estate

1.4%
1.7%

Technology

MVEW.L
22.6%
IWFQ.L
32.2%

Financial Services

MVEW.L
15.2%
IWFQ.L
14.1%

Healthcare

MVEW.L
14.9%
IWFQ.L
9.4%

Communication Services

MVEW.L
10.5%
IWFQ.L
9.1%

Consumer Defensive

MVEW.L
10.2%
IWFQ.L
5.1%

Industrials

MVEW.L
8.2%
IWFQ.L
9.8%

Utilities

MVEW.L
6.7%
IWFQ.L
2.5%

Consumer Cyclical

MVEW.L
5.4%
IWFQ.L
8.8%

Energy

MVEW.L
3.3%
IWFQ.L
4.2%

Basic Materials

MVEW.L
1.5%
IWFQ.L
3.3%

Real Estate

MVEW.L
1.4%
IWFQ.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)

iShares MSCI World Quality Factor UCITS

Often compared with MVEW.L:
MVEW.L vs. MINV.LMVEW.L vs. JEPIMVEW.L vs. FLXD.LMVEW.L vs. MVOL.LMVEW.L vs. TDGB.LMVEW.L vs. XDEQ.LMVEW.L vs. SPY
Often compared with IWFQ.L:
IWFQ.L vs. IUQF.LIWFQ.L vs. SWDA.LIWFQ.L vs. GGRA.LIWFQ.L vs. GERD.DEIWFQ.L vs. URTHIWFQ.L vs. GOGB.LIWFQ.L vs. MWMIX

Return for Risk

MVEW.L vs. IWFQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVEW.L
MVEW.L Risk / Return Rank: 1515
Overall Rank
MVEW.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MVEW.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
MVEW.L Omega Ratio Rank: 1414
Omega Ratio Rank
MVEW.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
MVEW.L Martin Ratio Rank: 1616
Martin Ratio Rank
IWFQ.L
IWFQ.L Risk / Return Rank: 7070
Overall Rank
IWFQ.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IWFQ.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
IWFQ.L Omega Ratio Rank: 7373
Omega Ratio Rank
IWFQ.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWFQ.L Martin Ratio Rank: 7272
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.

MVEW.L vs. IWFQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) and iShares MSCI World Quality Factor UCITS (IWFQ.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.

MVEW.LIWFQ.LDifference
Sharpe ratioReturn per unit of total volatility
0.41
2.26

-1.86

Sortino ratioReturn per unit of downside risk
0.64
3.21

-2.56

Omega ratioGain probability vs. loss probability

1.07

1.43

-0.36

Calmar ratioReturn relative to maximum drawdown

0.56

3.15

-2.59

Martin ratioReturn relative to average drawdown

1.47

13.27

-11.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVEW.L vs. IWFQ.L - Sharpe Ratio Comparison

The current MVEW.L Sharpe Ratio is 0.41, which is lower than the IWFQ.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of MVEW.L and IWFQ.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

MVEW.LIWFQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.41

2.26

-1.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.86

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.92

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.89

-0.29

Drawdowns

MVEW.L vs. IWFQ.L - Drawdown Comparison

The maximum MVEW.L drawdown since its inception was -10.07%, smaller than the maximum IWFQ.L drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for MVEW.L and IWFQ.L.

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Drawdown Indicators

MVEW.LIWFQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-10.07%

-23.91%

+13.84%

Max Drawdown (1Y)

Largest decline over 1 year

-5.85%

-7.01%

+1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-9.04%

-17.96%

+8.92%

Max Drawdown (5Y)

Largest decline over 5 years

-10.07%

-17.96%

+7.89%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.91%

—

Current Drawdown

Current decline from peak

-3.02%

0.00%

-3.02%

Average Drawdown

Average peak-to-trough decline

-2.57%

-3.62%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

1.67%

+0.55%

Volatility

MVEW.L vs. IWFQ.L - Volatility Comparison

iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) and iShares MSCI World Quality Factor UCITS (IWFQ.L) have volatilities of 2.63% and 2.56%, 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

MVEW.LIWFQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

2.56%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

5.97%

7.09%

-1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

8.00%

9.75%

-1.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.78%

13.36%

-3.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.08%

14.35%

-4.27%

MVEW.L vs. IWFQ.L - Expense Ratio Comparison

Both MVEW.L and IWFQ.L have an expense ratio of 0.30%.

Dividends

MVEW.L vs. IWFQ.L - Dividend Comparison

Neither MVEW.L nor IWFQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

MVEW.L and IWFQ.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

MVEW.L and IWFQ.L have the same expense ratio: 0.30% per year.

Both ETFs track MSCI ACWI NR USD.

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