MVUS.L vs. MVEW.L

Last updated Jun 9, 2026

MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both exchange-traded funds - MVUS.L is a S&P 500 fund tracking the S&P 500 Index, while MVEW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, MVUS.L returned 11.21%/yr vs 7.19%/yr for MVEW.L. Their correlation of 0.87 suggests significant overlap in exposure. MVUS.L charges 0.20%/yr vs 0.30%/yr for MVEW.L.

Performance

MVUS.L vs. MVEW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MVUS.L is traded in GBp, while MVEW.L is traded in GBP. To make them comparable, the MVEW.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVUS.L achieves a 4.03% return, which is significantly higher than MVEW.L's 0.66% return.

MVUS.L

• 1D: -0.44%
• 1M: 4.47%
• YTD: 4.03%
• 6M: 4.68%
• 1Y: 11.77%
• 3Y*: 11.21%
• 5Y*: 9.95%
• 10Y*: 11.19%

MVEW.L

• 1D: -0.16%
• 1M: 3.06%
• YTD: 0.66%
• 6M: 0.83%
• 1Y: 3.24%
• 3Y*: 7.19%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
MVUS.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)	4.03%	3.88%	20.71%	3.83%	-0.36%	18.72%
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)	0.66%	3.61%	12.60%	3.91%	-0.44%	12.49%

Correlation

The correlation between MVUS.L and MVEW.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021	0.87

The correlation between MVUS.L and MVEW.L shifts across timeframes, from 0.75 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

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

Sectors	MVUS.L	MVEW.L
Technology	29.0%	22.6%
Financial Services	17.8%	15.2%
Healthcare	13.3%	14.9%
Consumer Defensive	10.4%	10.2%
Consumer Cyclical	6.9%	5.4%
Communication Services	6.5%	10.5%
Industrials	5.7%	8.2%
Energy	5.2%	3.3%
Utilities	2.9%	6.7%
Basic Materials	2.3%	1.5%
Real Estate	0.2%	1.4%

Return for Risk

MVUS.L vs. MVEW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVUS.L

MVUS.L Risk / Return Rank: 46
MVUS.L Sharpe Ratio Rank: 47
MVUS.L Sortino Ratio Rank: 46
MVUS.L Omega Ratio Rank: 45
MVUS.L Calmar Ratio Rank: 48
MVUS.L Martin Ratio Rank: 46

MVEW.L

MVEW.L Risk / Return Rank: 16
MVEW.L Sharpe Ratio Rank: 16
MVEW.L Sortino Ratio Rank: 15
MVEW.L Omega Ratio Rank: 15
MVEW.L Calmar Ratio Rank: 17
MVEW.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.

MVUS.L vs. MVEW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.

	MVUS.L	MVEW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.46	0.40	+1.06
Sortino ratio: Return per unit of downside risk	2.07	0.63	+1.44
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	2.18	0.56	+1.62
Martin ratio: Return relative to average drawdown	6.82	1.46	+5.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVUS.L vs. MVEW.L - Sharpe Ratio Comparison

The current MVUS.L Sharpe Ratio is 1.46, which is higher than the MVEW.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of MVUS.L and MVEW.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

	MVUS.L	MVEW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.40	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.66	-0.16

Drawdowns

MVUS.L vs. MVEW.L - Drawdown Comparison

The maximum MVUS.L drawdown since its inception was -39.22%, which is greater than MVEW.L's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for MVUS.L and MVEW.L.

Drawdown Indicators

	MVUS.L	MVEW.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.22%	-10.07%	-29.15%
Max Drawdown (1Y) Largest decline over 1 year	-5.39%	-5.78%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-20.40%	-8.99%	-11.41%
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.85%	—	—
Current Drawdown Current decline from peak	-0.44%	-2.73%	+2.29%
Average Drawdown Average peak-to-trough decline	-7.21%	-2.66%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.22%	-0.50%

Volatility

MVUS.L vs. MVEW.L - Volatility Comparison

The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) is 2.34%, while iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) has a volatility of 2.70%. This indicates that MVUS.L experiences smaller price fluctuations and is considered to be less risky than MVEW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVUS.L	MVEW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	2.70%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	5.60%	5.97%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	8.05%	8.11%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.31%	9.86%	+8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	9.86%	+7.13%

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

MVUS.L has a 0.20% expense ratio, which is lower than MVEW.L's 0.30% expense ratio.

Dividends

MVUS.L vs. MVEW.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

MVUS.L and MVEW.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, MVUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

MVUS.L is cheaper with a 0.20% expense ratio, compared with 0.30% for MVEW.L.

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

MVUS.L is categorized as S&P 500, while MVEW.L is Global Equities. MVUS.L tracks S&P 500 Index, while MVEW.L tracks MSCI ACWI NR USD. Their fees differ too: 0.20% for MVUS.L and 0.30% for MVEW.L.