MXWS.L vs. IWFV.L

Last updated Jun 5, 2026

MXWS.L (Invesco MSCI World UCITS ETF) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - MXWS.L tracks the MSCI ACWI NR USD while IWFV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, MXWS.L returned 14.18%/yr vs 13.69%/yr for IWFV.L. A 0.69 correlation means they provide meaningful diversification when combined. MXWS.L charges 0.19%/yr vs 0.30%/yr for IWFV.L.

Performance

MXWS.L vs. IWFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World UCITS ETF (MXWS.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXWS.L achieves a 10.17% return, which is significantly lower than IWFV.L's 34.52% return. Both investments have delivered pretty close results over the past 10 years, with MXWS.L having a 14.18% annualized return and IWFV.L not far behind at 13.69%.

MXWS.L

• 1D: 0.04%
• 1M: 5.20%
• YTD: 10.17%
• 6M: 10.37%
• 1Y: 27.42%
• 3Y*: 17.75%
• 5Y*: 13.12%
• 10Y*: 14.18%

IWFV.L

• 1D: -0.71%
• 1M: 13.23%
• YTD: 34.52%
• 6M: 37.29%
• 1Y: 67.80%
• 3Y*: 26.96%
• 5Y*: 17.48%
• 10Y*: 13.69%

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

MXWS.L vs. IWFV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXWS.L Invesco MSCI World UCITS ETF	10.17%	12.63%	21.11%	17.73%	-8.30%	23.66%	12.37%	23.46%	-3.87%	11.80%
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF	34.52%	30.69%	6.85%	13.02%	0.95%	21.60%	-6.91%	14.69%	-9.34%	12.04%

Correlation

The correlation between MXWS.L and IWFV.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	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 28, 2015	0.69

The correlation between MXWS.L and IWFV.L has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.

MXWS.L vs. IWFV.L - Sectors Allocation Comparison

Sectors	MXWS.L	IWFV.L
Technology	28.3%	33.9%
Financial Services	15.7%	14.8%
Industrials	11.4%	11.3%
Consumer Cyclical	9.3%	7.9%
Communication Services	9.3%	7.6%
Healthcare	8.8%	8.8%
Consumer Defensive	5.2%	4.5%
Energy	4.2%	3.8%
Basic Materials	3.3%	3.0%
Utilities	2.7%	2.5%
Real Estate	1.9%	1.8%

Return for Risk

MXWS.L vs. IWFV.L — Risk / Return Rank

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

MXWS.L

MXWS.L Risk / Return Rank: 83
MXWS.L Sharpe Ratio Rank: 83
MXWS.L Sortino Ratio Rank: 83
MXWS.L Omega Ratio Rank: 84
MXWS.L Calmar Ratio Rank: 81
MXWS.L Martin Ratio Rank: 83

IWFV.L

IWFV.L Risk / Return Rank: 97
IWFV.L Sharpe Ratio Rank: 98
IWFV.L Sortino Ratio Rank: 98
IWFV.L Omega Ratio Rank: 97
IWFV.L Calmar Ratio Rank: 96
IWFV.L Martin Ratio Rank: 96

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.

MXWS.L vs. IWFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWS.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.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.

	MXWS.L	IWFV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.69	5.02	-2.34
Sortino ratio: Return per unit of downside risk	3.68	6.78	-3.10
Omega ratio: Gain probability vs. loss probability	1.51	1.94	-0.44
Calmar ratio: Return relative to maximum drawdown	4.17	9.53	-5.36
Martin ratio: Return relative to average drawdown	16.68	36.85	-20.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXWS.L vs. IWFV.L - Sharpe Ratio Comparison

The current MXWS.L Sharpe Ratio is 2.69, which is lower than the IWFV.L Sharpe Ratio of 5.02. The chart below compares the historical Sharpe Ratios of MXWS.L and IWFV.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

	MXWS.L	IWFV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	5.02	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.33	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	0.91	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.79	+0.21

Drawdowns

MXWS.L vs. IWFV.L - Drawdown Comparison

The maximum MXWS.L drawdown since its inception was -24.29%, smaller than the maximum IWFV.L drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for MXWS.L and IWFV.L.

Drawdown Indicators

	MXWS.L	IWFV.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.29%	-28.79%	+4.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-7.08%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	-13.82%	-5.47%
Max Drawdown (5Y) Largest decline over 5 years	-19.29%	-13.82%	-5.47%
Max Drawdown (10Y) Largest decline over 10 years	-24.29%	-28.79%	+4.50%
Current Drawdown Current decline from peak	-0.13%	-0.71%	+0.58%
Average Drawdown Average peak-to-trough decline	-3.25%	-4.38%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.83%	-0.19%

Volatility

MXWS.L vs. IWFV.L - Volatility Comparison

The current volatility for Invesco MSCI World UCITS ETF (MXWS.L) is 2.51%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.45%. This indicates that MXWS.L experiences smaller price fluctuations and is considered to be less risky than IWFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXWS.L	IWFV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	5.45%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	7.41%	11.21%	-3.80%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	13.44%	-3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.33%	13.10%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	15.10%	+0.35%

MXWS.L vs. IWFV.L - Expense Ratio Comparison

MXWS.L has a 0.19% expense ratio, which is lower than IWFV.L's 0.30% expense ratio.

Dividends

MXWS.L vs. IWFV.L - Dividend Comparison

Neither MXWS.L nor IWFV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MXWS.L and IWFV.L in my portfolio?

MXWS.L and IWFV.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, MXWS.L or IWFV.L?

On fees, MXWS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MXWS.L or IWFV.L?

MXWS.L is cheaper with a 0.19% expense ratio, compared with 0.30% for IWFV.L.

What is the main difference between MXWS.L and IWFV.L?

MXWS.L tracks MSCI ACWI NR USD, while IWFV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for MXWS.L and 0.30% for IWFV.L.