NXTG.L vs. IWVG.L

Last updated Jul 16, 2026

NXTG.L (First Trust Indxx NextG UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - NXTG.L tracks the First Trust Indxx NextG UCITS ETF while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, NXTG.L returned 9.76%/yr vs 16.93%/yr for IWVG.L. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

NXTG.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Indxx NextG UCITS ETF (NXTG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, NXTG.L achieves a 39.36% return, which is significantly higher than IWVG.L's 28.47% return.

NXTG.L

• 1D: -0.50%
• 1M: -5.27%
• 6M: 36.55%
• YTD: 39.36%
• 1Y: 56.77%
• 3Y*: 16.78%
• 5Y*: 9.76%
• 10Y*: 6.94%

IWVG.L

• 1D: -2.49%
• 1M: -4.98%
• 6M: 24.42%
• YTD: 28.47%
• 1Y: 54.93%
• 3Y*: 25.26%
• 5Y*: 16.93%
• 10Y*: —

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

NXTG.L vs. IWVG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NXTG.L First Trust Indxx NextG UCITS ETF	39.36%	19.23%	14.96%	0.29%	-24.39%	15.88%	4.17%	8.33%	-23.96%
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	28.47%	31.27%	6.58%	13.08%	1.04%	21.24%	-6.86%	14.68%	-8.59%

Correlation

The correlation between NXTG.L and IWVG.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018	0.61

Over the past year, NXTG.L and IWVG.L have become more correlated (0.82) than their long-term average of 0.61, meaning their price movements have been converging.

Return for Risk

NXTG.L vs. IWVG.L — Risk / Return Rank

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

NXTG.L

NXTG.L Risk / Return Rank: 55
NXTG.L Sharpe Ratio Rank: 42
NXTG.L Sortino Ratio Rank: 48
NXTG.L Omega Ratio Rank: 92
NXTG.L Calmar Ratio Rank: 55
NXTG.L Martin Ratio Rank: 38

IWVG.L

IWVG.L Risk / Return Rank: 96
IWVG.L Sharpe Ratio Rank: 97
IWVG.L Sortino Ratio Rank: 96
IWVG.L Omega Ratio Rank: 96
IWVG.L Calmar Ratio Rank: 97
IWVG.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.

NXTG.L vs. IWVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG UCITS ETF (NXTG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NXTG.L	IWVG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.23	3.66	-2.43
Sortino ratio: Return per unit of downside risk	2.01	4.85	-2.84
Omega ratio: Gain probability vs. loss probability	1.50	1.67	-0.18
Calmar ratio: Return relative to maximum drawdown	2.26	7.82	-5.56
Martin ratio: Return relative to average drawdown	4.72	25.39	-20.67

NXTG.L vs. IWVG.L - Sharpe Ratio Comparison

The current NXTG.L Sharpe Ratio is 1.23, which is lower than the IWVG.L Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of NXTG.L and IWVG.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.

Drawdowns

NXTG.L vs. IWVG.L - Drawdown Comparison

The maximum NXTG.L drawdown since its inception was -45.94%, which is greater than IWVG.L's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for NXTG.L and IWVG.L.

Drawdown Indicators

	NXTG.L	IWVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.94%	-28.07%	-17.87%
Max Drawdown (1Y) Largest decline over 1 year	-25.38%	-6.99%	-18.39%
Max Drawdown (3Y) Largest decline over 3 years	-31.89%	-13.92%	-17.97%
Max Drawdown (5Y) Largest decline over 5 years	-32.91%	-13.92%	-18.99%
Max Drawdown (10Y) Largest decline over 10 years	-45.94%	—	—
Current Drawdown Current decline from peak	-9.51%	-6.26%	-3.25%
Average Drawdown Average peak-to-trough decline	-19.86%	-4.29%	-15.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.16%	2.16%	+10.00%

Volatility

NXTG.L vs. IWVG.L - Volatility Comparison

First Trust Indxx NextG UCITS ETF (NXTG.L) has a higher volatility of 6.66% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) at 6.15%. This indicates that NXTG.L's price experiences larger fluctuations and is considered to be riskier than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTG.L	IWVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	6.15%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	15.57%	13.11%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	46.75%	14.94%	+31.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.04%	13.44%	+29.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.80%	15.68%	+17.12%

Dividends

NXTG.L vs. IWVG.L - Dividend Comparison

NXTG.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	1.93%	2.48%	3.12%	3.22%	3.11%	2.61%	2.37%	2.90%	2.48%
NXTG.L First Trust Indxx NextG UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTG.L and IWVG.L in my portfolio?

NXTG.L and IWVG.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between NXTG.L and IWVG.L?

NXTG.L tracks First Trust Indxx NextG UCITS ETF, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: First Trust and iShares.