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

MVOL.L vs. MINV.L

Last updated Jun 5, 2026

MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, MVOL.L returned 7.05%/yr vs 7.07%/yr for MINV.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

MVOL.L vs. MINV.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 Minimum Volatility UCITS ETF (MINV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MVOL.L is traded in USD, while MINV.L is traded in GBp. To make them comparable, the MINV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVOL.L achieves a 0.67% return, which is significantly lower than MINV.L's 0.76% return. Both investments have delivered pretty close results over the past 10 years, with MVOL.L having a 7.05% annualized return and MINV.L not far ahead at 7.07%.

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%

MINV.L

1D
0.19%
1M
0.96%
YTD
0.76%
6M
1.68%
1Y
1.59%
3Y*
9.29%
5Y*
5.20%
10Y*
7.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVOL.L vs. MINV.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%
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		0.76%11.17%10.98%6.85%-9.59%14.93%1.99%23.61%-2.67%17.19%

Correlation

The correlation between MVOL.L and MINV.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.86

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

0.86

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

0.85

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2013

0.84

The correlation between MVOL.L and MINV.L has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

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

Sectors
MVOL.L
MINV.L

Technology

20.1%
21.3%

Financial Services

14.0%
14.2%

Healthcare

13.8%
13.6%

Communication Services

12.1%
11.9%

Consumer Defensive

10.9%
10.8%

Industrials

9.2%
9.1%

Utilities

8.0%
7.7%

Consumer Cyclical

5.6%
5.4%

Energy

4.5%
4.2%

Basic Materials

1.1%
1.0%

Real Estate

0.7%
0.7%

Technology

MVOL.L
20.1%
MINV.L
21.3%

Financial Services

MVOL.L
14.0%
MINV.L
14.2%

Healthcare

MVOL.L
13.8%
MINV.L
13.6%

Communication Services

MVOL.L
12.1%
MINV.L
11.9%

Consumer Defensive

MVOL.L
10.9%
MINV.L
10.8%

Industrials

MVOL.L
9.2%
MINV.L
9.1%

Utilities

MVOL.L
8.0%
MINV.L
7.7%

Consumer Cyclical

MVOL.L
5.6%
MINV.L
5.4%

Energy

MVOL.L
4.5%
MINV.L
4.2%

Basic Materials

MVOL.L
1.1%
MINV.L
1.0%

Real Estate

MVOL.L
0.7%
MINV.L
0.7%

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iShares Edge MSCI World Minimum Volatility UCITS

iShares Edge MSCI World Minimum Volatility UCITS ETF

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 MINV.L:
MINV.L vs. MVEW.LMINV.L vs. CSH2.LMINV.L vs. FULVXMINV.L vs. MVEA.LMINV.L vs. SPYMINV.L vs. VOOMINV.L vs. AOR

Return for Risk

MVOL.L vs. MINV.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
MINV.L
MINV.L Risk / Return Rank: 1414
Overall Rank
MINV.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
MINV.L Sortino Ratio Rank: 1313
Sortino Ratio Rank
MINV.L Omega Ratio Rank: 1313
Omega Ratio Rank
MINV.L Calmar Ratio Rank: 1414
Calmar Ratio Rank
MINV.L Martin Ratio Rank: 1414
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. MINV.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 Minimum Volatility UCITS ETF (MINV.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.LMINV.LDifference
Sharpe ratioReturn per unit of total volatility
0.19
0.20

-0.01

Sortino ratioReturn per unit of downside risk
0.31
0.32

-0.01

Omega ratioGain probability vs. loss probability

1.04

1.04

0.00

Calmar ratioReturn relative to maximum drawdown

0.25

0.26

-0.01

Martin ratioReturn relative to average drawdown

0.61

0.65

-0.04

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. MINV.L - Sharpe Ratio Comparison

The current MVOL.L Sharpe Ratio is 0.19, which is comparable to the MINV.L Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of MVOL.L and MINV.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.LMINV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.19

0.20

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.48

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.59

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.71

+0.02

Drawdowns

MVOL.L vs. MINV.L - Drawdown Comparison

The maximum MVOL.L drawdown since its inception was -28.82%, roughly equal to the maximum MINV.L drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for MVOL.L and MINV.L.

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Drawdown Indicators

MVOL.LMINV.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-28.90%

+0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-5.78%

-6.06%

+0.28%

Max Drawdown (3Y)

Largest decline over 3 years

-8.14%

-8.19%

+0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

-19.14%

+0.62%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

-28.90%

+0.08%

Current Drawdown

Current decline from peak

-3.86%

-3.93%

+0.07%

Average Drawdown

Average peak-to-trough decline

-3.34%

-3.37%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

2.43%

-0.07%

Volatility

MVOL.L vs. MINV.L - Volatility Comparison

iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a higher volatility of 2.01% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) at 1.89%. This indicates that MVOL.L's price experiences larger fluctuations and is considered to be riskier than MINV.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.LMINV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.01%

1.89%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

5.58%

5.72%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

7.74%

7.97%

-0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.64%

10.84%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.65%

12.07%

-0.42%

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

Both MVOL.L and MINV.L have an expense ratio of 0.35%.

Dividends

MVOL.L vs. MINV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

MVOL.L and MINV.L have a correlation of 0.83, 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 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

MVOL.L and MINV.L have the same expense ratio: 0.35% per year.

Both ETFs track MSCI ACWI NR USD.

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