MVOL.L vs. DHIVX
MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and DHIVX (Centre Global Infrastructure Fund) are both funds - MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while DHIVX is a Energy Equities fund managed by Centre Funds. Over the past 5 years, MVOL.L returned 5.18%/yr vs 9.00%/yr for DHIVX. A 0.55 correlation means they provide meaningful diversification when combined. MVOL.L charges 0.35%/yr vs 1.57%/yr for DHIVX.
Performance
MVOL.L vs. DHIVX - Performance Comparison
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Returns By Period
In the year-to-date period, MVOL.L achieves a 0.67% return, which is significantly lower than DHIVX's 11.02% return.
MVOL.L
- 1D
- 0.04%
- 1M
- 0.76%
- YTD
- 0.67%
- 6M
- 1.44%
- 1Y
- 1.44%
- 3Y*
- 9.30%
- 5Y*
- 5.18%
- 10Y*
- 7.05%
DHIVX
- 1D
- -1.29%
- 1M
- -1.79%
- YTD
- 11.02%
- 6M
- 10.13%
- 1Y
- 15.70%
- 3Y*
- 18.30%
- 5Y*
- 9.00%
- 10Y*
- —
MVOL.L vs. DHIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.67% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -0.45% |
DHIVX Centre Global Infrastructure Fund | 11.02% | 16.30% | 20.25% | 5.34% | -3.28% | 7.51% | -7.17% | 25.27% | -4.07% |
Correlation
The correlation between MVOL.L and DHIVX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.55 |
The correlation between MVOL.L and DHIVX has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
MVOL.L vs. DHIVX — Risk / Return Rank
MVOL.L
DHIVX
MVOL.L vs. DHIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) and Centre Global Infrastructure Fund (DHIVX). 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.
| MVOL.L | DHIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 3.45 | -3.20 |
| Martin ratioReturn relative to average drawdown | 0.61 | 7.23 | -6.63 |
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
| MVOL.L | DHIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.53 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.73 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.56 | +0.17 |
Drawdowns
MVOL.L vs. DHIVX - Drawdown Comparison
The maximum MVOL.L drawdown since its inception was -28.82%, smaller than the maximum DHIVX drawdown of -36.18%. Use the drawdown chart below to compare losses from any high point for MVOL.L and DHIVX.
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Drawdown Indicators
| MVOL.L | DHIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -36.18% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -4.37% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -8.14% | -9.92% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -20.41% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | — | — |
Current DrawdownCurrent decline from peak | -3.86% | -3.56% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -5.59% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.08% | +0.28% |
Volatility
MVOL.L vs. DHIVX - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) is 2.01%, while Centre Global Infrastructure Fund (DHIVX) has a volatility of 3.49%. This indicates that MVOL.L experiences smaller price fluctuations and is considered to be less risky than DHIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVOL.L | DHIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 3.49% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | 7.79% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 9.87% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 12.37% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 14.68% | -3.03% |
MVOL.L vs. DHIVX - Expense Ratio Comparison
MVOL.L has a 0.35% expense ratio, which is lower than DHIVX's 1.57% expense ratio.
Dividends
MVOL.L vs. DHIVX - Dividend Comparison
MVOL.L has not paid dividends to shareholders, while DHIVX's dividend yield for the trailing twelve months is around 3.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DHIVX Centre Global Infrastructure Fund | 3.55% | 3.66% | 2.54% | 1.60% | 1.85% | 1.70% | 2.43% | 2.31% | 2.45% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVOL.L and DHIVX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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