MWEP.L vs. URTH

Last updated Jun 5, 2026

MWEP.L (Invesco MSCI World Equal Weight UCITS ETF Acc) and URTH (iShares MSCI World ETF) are both Global Equities funds - MWEP.L tracks the MSCI World Equal Weighted Index while URTH tracks the MSCI World Index (Net). Both are passively managed. Over the past year, MWEP.L returned 19.96% vs 25.95% for URTH. At a 0.47 correlation, their price movements are largely independent. MWEP.L charges 0.20%/yr vs 0.24%/yr for URTH.

Performance

MWEP.L vs. URTH - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) and iShares MSCI World ETF (URTH). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, MWEP.L achieves a 8.08% return, which is significantly lower than URTH's 8.95% return.

MWEP.L

• 1D: 0.39%
• 1M: 2.47%
• YTD: 8.08%
• 6M: 8.60%
• 1Y: 19.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URTH

• 1D: -1.96%
• 1M: 1.77%
• YTD: 8.95%
• 6M: 8.19%
• 1Y: 25.95%
• 3Y*: 17.10%
• 5Y*: 12.73%
• 10Y*: 13.85%

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

MWEP.L vs. URTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MWEP.L Invesco MSCI World Equal Weight UCITS ETF Acc	8.08%	13.60%	4.59%
URTH iShares MSCI World ETF	8.95%	12.71%	9.54%

Correlation

The correlation between MWEP.L and URTH is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.47

The correlation between MWEP.L and URTH has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

Return for Risk

MWEP.L vs. URTH — Risk / Return Rank

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

MWEP.L

MWEP.L Risk / Return Rank: 57
MWEP.L Sharpe Ratio Rank: 58
MWEP.L Sortino Ratio Rank: 57
MWEP.L Omega Ratio Rank: 58
MWEP.L Calmar Ratio Rank: 53
MWEP.L Martin Ratio Rank: 58

URTH

URTH Risk / Return Rank: 59
URTH Sharpe Ratio Rank: 59
URTH Sortino Ratio Rank: 57
URTH Omega Ratio Rank: 57
URTH Calmar Ratio Rank: 54
URTH Martin Ratio Rank: 66

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.

MWEP.L vs. URTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) and iShares MSCI World ETF (URTH). 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.

	MWEP.L	URTH	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.33	-0.40
Sortino ratio: Return per unit of downside risk	2.67	3.04	-0.38
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	2.58	3.75	-1.17
Martin ratio: Return relative to average drawdown	10.16	15.49	-5.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MWEP.L vs. URTH - Sharpe Ratio Comparison

The current MWEP.L Sharpe Ratio is 1.93, which is comparable to the URTH Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of MWEP.L and URTH, 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

	MWEP.L	URTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.33	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.79	+0.49

Drawdowns

MWEP.L vs. URTH - Drawdown Comparison

The maximum MWEP.L drawdown since its inception was -14.02%, smaller than the maximum URTH drawdown of -27.18%. Use the drawdown chart below to compare losses from any high point for MWEP.L and URTH.

Drawdown Indicators

	MWEP.L	URTH	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-27.18%	+13.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-6.95%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.18%	—
Current Drawdown Current decline from peak	-0.27%	-1.96%	+1.69%
Average Drawdown Average peak-to-trough decline	-1.89%	-3.33%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.68%	+0.28%

Volatility

MWEP.L vs. URTH - Volatility Comparison

The current volatility for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) is 2.63%, while iShares MSCI World ETF (URTH) has a volatility of 3.25%. This indicates that MWEP.L experiences smaller price fluctuations and is considered to be less risky than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWEP.L	URTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	3.25%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	8.37%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	11.19%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.14%	14.43%	-2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	16.69%	-4.55%

MWEP.L vs. URTH - Expense Ratio Comparison

MWEP.L has a 0.20% expense ratio, which is lower than URTH's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MWEP.L vs. URTH - Dividend Comparison

MWEP.L has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MWEP.L Invesco MSCI World Equal Weight UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URTH iShares MSCI World ETF	1.38%	1.48%	1.47%	1.70%	1.68%	1.50%	1.52%	2.16%	2.30%	1.88%	2.15%	2.35%

Frequently Asked Questions

Can I hold both MWEP.L and URTH in my portfolio?

MWEP.L and URTH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MWEP.L or URTH?

On fees, MWEP.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, MWEP.L or URTH?

MWEP.L is cheaper with a 0.20% expense ratio, compared with 0.24% for URTH.

What is the main difference between MWEP.L and URTH?

MWEP.L tracks MSCI World Equal Weighted Index, while URTH tracks MSCI World Index (Net). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for MWEP.L and 0.24% for URTH.