NESG.L vs. IWVL.L

Last updated Jun 5, 2026

NESG.L (Invesco NASDAQ-100 ESG UCITS ETF Acc) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - NESG.L is a Nasdaq-100 fund tracking the NASDAQ-100 ESG Index®, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 3 years, NESG.L returned 28.99%/yr vs 30.35%/yr for IWVL.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

NESG.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NESG.L achieves a 20.35% return, which is significantly lower than IWVL.L's 34.30% return.

NESG.L

• 1D: -0.58%
• 1M: 9.66%
• YTD: 20.35%
• 6M: 20.11%
• 1Y: 42.69%
• 3Y*: 28.99%
• 5Y*: —
• 10Y*: —

IWVL.L

• 1D: -0.65%
• 1M: 12.22%
• YTD: 34.30%
• 6M: 38.21%
• 1Y: 66.32%
• 3Y*: 30.35%
• 5Y*: 16.28%
• 10Y*: 12.86%

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

NESG.L vs. IWVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc	20.35%	21.09%	26.52%	56.71%	-32.09%	1.40%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	34.30%	40.41%	5.13%	19.53%	-9.79%	1.29%

Correlation

The correlation between NESG.L and IWVL.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.62

The correlation between NESG.L and IWVL.L has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

NESG.L vs. IWVL.L - Sectors Allocation Comparison

Sectors	NESG.L	IWVL.L
Technology	58.4%	33.9%
Communication Services	14.7%	7.6%
Consumer Cyclical	12.4%	7.9%
Consumer Defensive	6.7%	4.5%
Healthcare	3.9%	8.8%
Industrials	1.8%	11.3%
Basic Materials	1.5%	3.0%
Utilities	0.2%	2.5%
Financial Services	0.2%	14.8%
Real Estate	0.1%	1.8%
Energy	-	3.8%

Return for Risk

NESG.L vs. IWVL.L — Risk / Return Rank

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

NESG.L

NESG.L Risk / Return Rank: 75
NESG.L Sharpe Ratio Rank: 81
NESG.L Sortino Ratio Rank: 80
NESG.L Omega Ratio Rank: 75
NESG.L Calmar Ratio Rank: 72
NESG.L Martin Ratio Rank: 68

IWVL.L

IWVL.L Risk / Return Rank: 95
IWVL.L Sharpe Ratio Rank: 96
IWVL.L Sortino Ratio Rank: 97
IWVL.L Omega Ratio Rank: 96
IWVL.L Calmar Ratio Rank: 94
IWVL.L Martin Ratio Rank: 95

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.

NESG.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

	NESG.L	IWVL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.58	4.24	-1.66
Sortino ratio: Return per unit of downside risk	3.53	5.85	-2.33
Omega ratio: Gain probability vs. loss probability	1.44	1.76	-0.32
Calmar ratio: Return relative to maximum drawdown	3.54	7.55	-4.01
Martin ratio: Return relative to average drawdown	12.44	28.57	-16.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NESG.L vs. IWVL.L - Sharpe Ratio Comparison

The current NESG.L Sharpe Ratio is 2.58, which is lower than the IWVL.L Sharpe Ratio of 4.24. The chart below compares the historical Sharpe Ratios of NESG.L and IWVL.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

	NESG.L	IWVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	4.24	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.62	+0.16

Drawdowns

NESG.L vs. IWVL.L - Drawdown Comparison

The maximum NESG.L drawdown since its inception was -34.69%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for NESG.L and IWVL.L.

Drawdown Indicators

	NESG.L	IWVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.69%	-39.30%	+4.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-8.74%	-3.27%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-14.46%	-7.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	-0.79%	-0.91%	+0.12%
Average Drawdown Average peak-to-trough decline	-9.09%	-7.50%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.31%	+1.11%

Volatility

NESG.L vs. IWVL.L - Volatility Comparison

The current volatility for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) is 5.30%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.56%. This indicates that NESG.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NESG.L	IWVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	6.56%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	12.94%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	15.57%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	16.05%	+6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	17.02%	+5.52%

NESG.L vs. IWVL.L - Expense Ratio Comparison

Both NESG.L and IWVL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

NESG.L vs. IWVL.L - Dividend Comparison

Neither NESG.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NESG.L and IWVL.L in my portfolio?

NESG.L and IWVL.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NESG.L or IWVL.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NESG.L or IWVL.L?

NESG.L and IWVL.L have the same expense ratio: 0.25% per year.

What is the main difference between NESG.L and IWVL.L?

NESG.L is categorized as Nasdaq-100, while IWVL.L is Global Equities. NESG.L tracks NASDAQ-100 ESG Index®, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Invesco and iShares.