MVEW.L vs. WMVG.L

Last updated Jun 5, 2026

MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds from iShares - MVEW.L tracks the MSCI ACWI NR USD while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, MVEW.L returned 6.63%/yr vs 6.17%/yr for WMVG.L. A 0.73 correlation means they provide meaningful diversification when combined. MVEW.L charges 0.30%/yr vs 0.35%/yr for WMVG.L.

Performance

MVEW.L vs. WMVG.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 Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVEW.L achieves a 0.37% return, which is significantly lower than WMVG.L's 1.31% 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*: —

WMVG.L

• 1D: 0.09%
• 1M: 1.16%
• YTD: 1.31%
• 6M: 1.93%
• 1Y: 2.81%
• 3Y*: 9.78%
• 5Y*: 6.17%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)	1.31%	9.08%	14.49%	7.33%	-8.31%	16.96%	3.92%

Correlation

The correlation between MVEW.L and WMVG.L is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 20, 2020	0.73

The correlation between MVEW.L and WMVG.L has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

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

Sectors	MVEW.L	WMVG.L
Technology	22.6%	20.1%
Financial Services	15.2%	14.0%
Healthcare	14.9%	13.8%
Communication Services	10.5%	12.1%
Consumer Defensive	10.2%	10.9%
Industrials	8.2%	9.2%
Utilities	6.7%	8.0%
Consumer Cyclical	5.4%	5.6%
Energy	3.3%	4.5%
Basic Materials	1.5%	1.1%
Real Estate	1.4%	0.7%

Return for Risk

MVEW.L vs. WMVG.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: 15
MVEW.L Sharpe Ratio Rank: 16
MVEW.L Sortino Ratio Rank: 15
MVEW.L Omega Ratio Rank: 14
MVEW.L Calmar Ratio Rank: 16
MVEW.L Martin Ratio Rank: 16

WMVG.L

WMVG.L Risk / Return Rank: 15
WMVG.L Sharpe Ratio Rank: 15
WMVG.L Sortino Ratio Rank: 14
WMVG.L Omega Ratio Rank: 14
WMVG.L Calmar Ratio Rank: 16
WMVG.L Martin Ratio Rank: 16

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. WMVG.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 Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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	WMVG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.41	0.39	+0.02
Sortino ratio: Return per unit of downside risk	0.64	0.59	+0.05
Omega ratio: Gain probability vs. loss probability	1.07	1.07	0.00
Calmar ratio: Return relative to maximum drawdown	0.56	0.56	0.00
Martin ratio: Return relative to average drawdown	1.47	1.40	+0.07
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. WMVG.L - Sharpe Ratio Comparison

The current MVEW.L Sharpe Ratio is 0.41, which is comparable to the WMVG.L Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of MVEW.L and WMVG.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.

Sharpe Ratios by Period

	MVEW.L	WMVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.39	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.62	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.55	+0.04

Drawdowns

MVEW.L vs. WMVG.L - Drawdown Comparison

The maximum MVEW.L drawdown since its inception was -10.07%, smaller than the maximum WMVG.L drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for MVEW.L and WMVG.L.

Drawdown Indicators

	MVEW.L	WMVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-10.07%	-28.25%	+18.18%
Max Drawdown (1Y) Largest decline over 1 year	-5.85%	-4.99%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-9.04%	-9.09%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-10.07%	-15.18%	+5.11%
Current Drawdown Current decline from peak	-3.02%	-3.21%	+0.19%
Average Drawdown Average peak-to-trough decline	-2.57%	-4.12%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.01%	+0.21%

Volatility

MVEW.L vs. WMVG.L - Volatility Comparison

iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) has a higher volatility of 2.63% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.13%. This indicates that MVEW.L's price experiences larger fluctuations and is considered to be riskier than WMVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVEW.L	WMVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.13%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	5.97%	5.03%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	7.21%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.78%	9.95%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.08%	12.14%	-2.06%

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

MVEW.L has a 0.30% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.

Dividends

MVEW.L vs. WMVG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MVEW.L and WMVG.L in my portfolio?

MVEW.L and WMVG.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVEW.L or WMVG.L?

On fees, MVEW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVEW.L or WMVG.L?

MVEW.L is cheaper with a 0.30% expense ratio, compared with 0.35% for WMVG.L.

What is the main difference between MVEW.L and WMVG.L?

MVEW.L tracks MSCI ACWI NR USD, while WMVG.L tracks MSCI World Minimum Volatility. Their fees differ too: 0.30% for MVEW.L and 0.35% for WMVG.L.