PAWS.L vs. IWFV.L
PAWS.L (Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - PAWS.L tracks the MSCI ACWI NR USD while IWFV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, PAWS.L returned 12.44%/yr vs 25.79%/yr for IWFV.L. A 0.73 correlation means they provide meaningful diversification when combined. PAWS.L charges 0.19%/yr vs 0.30%/yr for IWFV.L.
Performance
PAWS.L vs. IWFV.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAWS.L achieves a 5.65% return, which is significantly lower than IWFV.L's 33.62% return.
PAWS.L
- 1D
- 0.02%
- 1M
- 0.91%
- YTD
- 5.65%
- 6M
- 6.18%
- 1Y
- 14.12%
- 3Y*
- 12.44%
- 5Y*
- —
- 10Y*
- —
IWFV.L
- 1D
- 2.75%
- 1M
- 6.34%
- YTD
- 33.62%
- 6M
- 34.53%
- 1Y
- 64.44%
- 3Y*
- 25.79%
- 5Y*
- 17.31%
- 10Y*
- 13.93%
PAWS.L vs. IWFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAWS.L Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc | 5.65% | 7.39% | 14.93% | 14.95% | -12.42% | 7,269.00% |
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 33.62% | 30.69% | 6.85% | 13.02% | 0.95% | 3.22% |
Correlation
The correlation between PAWS.L and IWFV.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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2021 | 0.74 |
The correlation between PAWS.L and IWFV.L has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAWS.L vs. IWFV.L — Risk / Return Rank
PAWS.L
IWFV.L
PAWS.L vs. IWFV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.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.
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.
| PAWS.L | IWFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.59 | ||
| Sortino ratioReturn per unit of downside risk | +192.05 | ||
| Omega ratioGain probability vs. loss probability | 87.34 | 1.85 | +85.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 9.06 | -8.92 |
| Martin ratioReturn relative to average drawdown | 0.51 | 33.77 | -33.26 |
Loading charts...
Drawdowns
PAWS.L vs. IWFV.L - Drawdown Comparison
The maximum PAWS.L drawdown since its inception was -99.03%, which is greater than IWFV.L's maximum drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for PAWS.L and IWFV.L.
Loading charts...
Drawdown Indicators
| PAWS.L | IWFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -42.78% | -56.25% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -7.08% | -91.94% |
Max Drawdown (3Y)Largest decline over 3 years | -99.03% | -19.86% | -79.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.79% | — |
Current DrawdownCurrent decline from peak | -3.17% | -1.37% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -11.27% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.63% | 1.90% | +24.73% |
Volatility
PAWS.L vs. IWFV.L - Volatility Comparison
The current volatility for Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) is 3.50%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.94%. This indicates that PAWS.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.
Loading charts...
Volatility by Period
| PAWS.L | IWFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 5.94% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 653.26% | 11.85% | +641.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19,679.03% | 13.96% | +19,665.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,948.20% | 18.91% | +9,929.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,948.20% | 17.91% | +9,930.29% |
PAWS.L vs. IWFV.L - Expense Ratio Comparison
PAWS.L has a 0.19% expense ratio, which is lower than IWFV.L's 0.30% expense ratio.
Dividends
PAWS.L vs. IWFV.L - Dividend Comparison
Neither PAWS.L nor IWFV.L has paid dividends to shareholders.
Frequently Asked Questions
PAWS.L and IWFV.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.
On fees, PAWS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAWS.L is cheaper with a 0.19% expense ratio, compared with 0.30% for IWFV.L.
PAWS.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 PAWS.L and 0.30% for IWFV.L.
Find the right allocation for PAWS.L and IWFV.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer