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MVOL.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVOL.L vs. IWVL.L

Last updated Jun 5, 2026

MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds from iShares - MVOL.L tracks the MSCI ACWI NR USD while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, MVOL.L returned 7.05%/yr vs 12.86%/yr for IWVL.L. A 0.71 correlation means they provide meaningful diversification when combined. MVOL.L charges 0.35%/yr vs 0.25%/yr for IWVL.L.

Performance

MVOL.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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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 IWVL.L's 34.30% return. Over the past 10 years, MVOL.L has underperformed IWVL.L with an annualized return of 7.05%, while IWVL.L has yielded a comparatively higher 12.86% annualized 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%

IWVL.L

1D
-0.65%
1M
12.22%
YTD
34.30%
6M
38.21%
1Y
66.32%
3Y*
30.35%
5Y*
16.28%
10Y*
12.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVOL.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%-2.40%17.41%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		34.30%40.41%5.13%19.53%-9.79%20.11%-3.67%18.13%-14.03%22.60%

Correlation

The correlation between MVOL.L and IWVL.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.71

Over the past year, the correlation between MVOL.L and IWVL.L has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

MVOL.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
MVOL.L
IWVL.L

Technology

20.1%
33.9%

Financial Services

14.0%
14.8%

Healthcare

13.8%
8.8%

Communication Services

12.1%
7.6%

Consumer Defensive

10.9%
4.5%

Industrials

9.2%
11.3%

Utilities

8.0%
2.5%

Consumer Cyclical

5.6%
7.9%

Energy

4.5%
3.8%

Basic Materials

1.1%
3.0%

Real Estate

0.7%
1.8%

Technology

MVOL.L
20.1%
IWVL.L
33.9%

Financial Services

MVOL.L
14.0%
IWVL.L
14.8%

Healthcare

MVOL.L
13.8%
IWVL.L
8.8%

Communication Services

MVOL.L
12.1%
IWVL.L
7.6%

Consumer Defensive

MVOL.L
10.9%
IWVL.L
4.5%

Industrials

MVOL.L
9.2%
IWVL.L
11.3%

Utilities

MVOL.L
8.0%
IWVL.L
2.5%

Consumer Cyclical

MVOL.L
5.6%
IWVL.L
7.9%

Energy

MVOL.L
4.5%
IWVL.L
3.8%

Basic Materials

MVOL.L
1.1%
IWVL.L
3.0%

Real Estate

MVOL.L
0.7%
IWVL.L
1.8%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Minimum Volatility UCITS

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

MVOL.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
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.

MVOL.L vs. IWVL.L - 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 iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

MVOL.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
0.19
4.24

-4.05

Sortino ratioReturn per unit of downside risk
0.31
5.85

-5.55

Omega ratioGain probability vs. loss probability

1.04

1.76

-0.72

Calmar ratioReturn relative to maximum drawdown

0.25

7.55

-7.30

Martin ratioReturn relative to average drawdown

0.61

28.57

-27.97

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

MVOL.L vs. IWVL.L - Sharpe Ratio Comparison

The current MVOL.L Sharpe Ratio is 0.19, which is lower than the IWVL.L Sharpe Ratio of 4.24. The chart below compares the historical Sharpe Ratios of MVOL.L and IWVL.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

MVOL.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.19

4.24

-4.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

1.01

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.75

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.62

+0.11

Drawdowns

MVOL.L vs. IWVL.L - Drawdown Comparison

The maximum MVOL.L drawdown since its inception was -28.82%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for MVOL.L and IWVL.L.

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Drawdown Indicators

MVOL.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-39.30%

+10.48%

Max Drawdown (1Y)

Largest decline over 1 year

-5.78%

-8.74%

+2.96%

Max Drawdown (3Y)

Largest decline over 3 years

-8.14%

-14.46%

+6.32%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-26.55%

+8.03%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

-39.30%

+10.48%

Current Drawdown

Current decline from peak

-3.86%

-0.91%

-2.95%

Average Drawdown

Average peak-to-trough decline

-3.34%

-7.50%

+4.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

2.31%

+0.05%

Volatility

MVOL.L vs. IWVL.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) is 2.01%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.56%. This indicates that MVOL.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVOL.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.01%

6.56%

-4.55%

Volatility (6M)

Calculated over the trailing 6-month period

5.58%

12.94%

-7.36%

Volatility (1Y)

Calculated over the trailing 1-year period

7.74%

15.57%

-7.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.64%

16.05%

-5.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.65%

17.02%

-5.37%

MVOL.L vs. IWVL.L - Expense Ratio Comparison

MVOL.L has a 0.35% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.

Dividends

MVOL.L vs. IWVL.L - Dividend Comparison

Neither MVOL.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

MVOL.L and IWVL.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MVOL.L.

MVOL.L tracks MSCI ACWI NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. Their fees differ too: 0.35% for MVOL.L and 0.25% for IWVL.L.

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