MVEW.L vs. MWEP.L
MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and MWEP.L (Invesco MSCI World Equal Weight UCITS ETF Acc) are both Global Equities funds - MVEW.L tracks the MSCI ACWI NR USD while MWEP.L tracks the MSCI World Equal Weighted Index. Both are passively managed. Over the past year, MVEW.L returned 3.76% vs 19.96% for MWEP.L. A 0.60 correlation means they provide meaningful diversification when combined. MVEW.L charges 0.30%/yr vs 0.20%/yr for MWEP.L.
Performance
MVEW.L vs. MWEP.L - Performance Comparison
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Different Trading Currencies
MVEW.L is traded in GBP, while MWEP.L is traded in GBp. To make them comparable, the MWEP.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 MWEP.L's 8.08% return.
MVEW.L
- 1D
- 0.20%
- 1M
- 2.18%
- YTD
- 0.37%
- 6M
- 0.12%
- 1Y
- 3.76%
- 3Y*
- 6.64%
- 5Y*
- 6.63%
- 10Y*
- —
MWEP.L
- 1D
- 0.39%
- 1M
- 2.47%
- YTD
- 8.08%
- 6M
- 8.60%
- 1Y
- 19.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVEW.L vs. MWEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.37% | 3.73% | 2.24% |
MWEP.L Invesco MSCI World Equal Weight UCITS ETF Acc | 8.08% | 13.60% | 4.59% |
Correlation
The correlation between MVEW.L and MWEP.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.60 |
The correlation between MVEW.L and MWEP.L has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
MVEW.L vs. MWEP.L — Risk / Return Rank
MVEW.L
MWEP.L
MVEW.L vs. MWEP.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 Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.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.L | MWEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.58 | -2.03 |
| Martin ratioReturn relative to average drawdown | 1.47 | 10.16 | -8.70 |
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
| MVEW.L | MWEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.93 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.28 | -0.68 |
Drawdowns
MVEW.L vs. MWEP.L - Drawdown Comparison
The maximum MVEW.L drawdown since its inception was -10.07%, smaller than the maximum MWEP.L drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for MVEW.L and MWEP.L.
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Drawdown Indicators
| MVEW.L | MWEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.07% | -14.02% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.85% | -7.71% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.07% | — | — |
Current DrawdownCurrent decline from peak | -3.02% | -0.27% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -1.89% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.96% | +0.26% |
Volatility
MVEW.L vs. MWEP.L - Volatility Comparison
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) and Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) have volatilities of 2.63% and 2.63%, 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.L | MWEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.63% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 8.36% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 10.30% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.78% | 12.14% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 12.14% | -2.06% |
MVEW.L vs. MWEP.L - Expense Ratio Comparison
MVEW.L has a 0.30% expense ratio, which is higher than MWEP.L's 0.20% expense ratio.
Dividends
MVEW.L vs. MWEP.L - Dividend Comparison
Neither MVEW.L nor MWEP.L has paid dividends to shareholders.
Frequently Asked Questions
MVEW.L and MWEP.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWEP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWEP.L is cheaper with a 0.20% expense ratio, compared with 0.30% for MVEW.L.
MVEW.L tracks MSCI ACWI NR USD, while MWEP.L tracks MSCI World Equal Weighted Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for MVEW.L and 0.20% for MWEP.L.
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