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

MVOL.L vs. MWRD.L

Last updated Jun 5, 2026

MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and MWRD.L (Amundi Index MSCI World) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and Amundi respectively. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. MVOL.L charges 0.35%/yr vs 0.08%/yr for MWRD.L.

Performance

MVOL.L vs. MWRD.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 Amundi Index MSCI World (MWRD.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 MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

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%

MWRD.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVOL.L vs. MWRD.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%7.69%
MWRD.L
Amundi Index MSCI World		0.00%0.00%-1.64%23.69%-18.69%22.97%15.27%28.71%-9.87%10.61%

Correlation

The correlation between MVOL.L and MWRD.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.25

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

0.56

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2017

0.64

The correlation between MVOL.L and MWRD.L shifts across timeframes, from 0.25 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.

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

Sectors
MVOL.L
MWRD.L

Technology

20.1%
24.7%

Financial Services

14.0%
14.7%

Healthcare

13.8%
12.4%

Communication Services

12.1%
7.5%

Consumer Defensive

10.9%
6.7%

Industrials

9.2%
10.6%

Utilities

8.0%
2.4%

Consumer Cyclical

5.6%
10.5%

Energy

4.5%
4.4%

Basic Materials

1.1%
3.8%

Real Estate

0.7%
2.4%

Technology

MVOL.L
20.1%
MWRD.L
24.7%

Financial Services

MVOL.L
14.0%
MWRD.L
14.7%

Healthcare

MVOL.L
13.8%
MWRD.L
12.4%

Communication Services

MVOL.L
12.1%
MWRD.L
7.5%

Consumer Defensive

MVOL.L
10.9%
MWRD.L
6.7%

Industrials

MVOL.L
9.2%
MWRD.L
10.6%

Utilities

MVOL.L
8.0%
MWRD.L
2.4%

Consumer Cyclical

MVOL.L
5.6%
MWRD.L
10.5%

Energy

MVOL.L
4.5%
MWRD.L
4.4%

Basic Materials

MVOL.L
1.1%
MWRD.L
3.8%

Real Estate

MVOL.L
0.7%
MWRD.L
2.4%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Minimum Volatility UCITS

Amundi Index MSCI World

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 MWRD.L:
MWRD.L vs. BRK-BMWRD.L vs. IWDA.ASMWRD.L vs. URTHMWRD.L vs. SWDA.LMWRD.L vs. JEPIMWRD.L vs. ACWIMWRD.L vs. 36BZ.DE

Return for Risk

MVOL.L vs. MWRD.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
MWRD.L
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. MWRD.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 Amundi Index MSCI World (MWRD.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.LMWRD.LDifference
Sharpe ratioReturn per unit of total volatility
0.19

—

—

Sortino ratioReturn per unit of downside risk
0.31

—

—

Omega ratioGain probability vs. loss probability

1.04

—

—

Calmar ratioReturn relative to maximum drawdown

0.25

—

—

Martin ratioReturn relative to average drawdown

0.61

—

—

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. MWRD.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

MVOL.LMWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.19

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

—

—

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

—

—

Drawdowns

MVOL.L vs. MWRD.L - Drawdown Comparison

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Drawdown Indicators

MVOL.LMWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-5.78%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-8.14%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-18.52%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

—

—

Current Drawdown

Current decline from peak

-3.86%

—

—

Average Drawdown

Average peak-to-trough decline

-3.34%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

—

—

Volatility

MVOL.L vs. MWRD.L - Volatility Comparison

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Volatility by Period

MVOL.LMWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.01%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

5.58%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

7.74%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.64%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.65%

—

—

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

MVOL.L has a 0.35% expense ratio, which is higher than MWRD.L's 0.08% expense ratio.

Dividends

MVOL.L vs. MWRD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

MVOL.L and MWRD.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.35% for MVOL.L.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.35% for MVOL.L and 0.08% for MWRD.L.

Portfolio Optimizer

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