PAWS.L vs. WMVG.L
PAWS.L (Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds - PAWS.L tracks the MSCI ACWI NR USD while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 3 years, PAWS.L returned 12.44%/yr vs 10.02%/yr for WMVG.L. A 0.59 correlation means they provide meaningful diversification when combined. PAWS.L charges 0.19%/yr vs 0.35%/yr for WMVG.L.
Performance
PAWS.L vs. WMVG.L - Performance Comparison
Loading charts...
Different Trading Currencies
PAWS.L is traded in GBp, while WMVG.L is traded in GBP. To make them comparable, the WMVG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAWS.L achieves a 5.65% return, which is significantly higher than WMVG.L's 2.14% return.
PAWS.L
- 1D
- 0.02%
- 1M
- 0.91%
- YTD
- 5.65%
- 6M
- 6.18%
- 1Y
- 14.12%
- 3Y*
- 12.44%
- 5Y*
- —
- 10Y*
- —
WMVG.L
- 1D
- 0.50%
- 1M
- 2.66%
- YTD
- 2.14%
- 6M
- 3.05%
- 1Y
- 4.11%
- 3Y*
- 10.02%
- 5Y*
- 6.16%
- 10Y*
- —
PAWS.L vs. WMVG.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% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 2.14% | 9.07% | 14.47% | 7.36% | -8.31% | 5.06% |
Correlation
The correlation between PAWS.L and WMVG.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2021 | 0.59 |
Over the past year, the correlation between PAWS.L and WMVG.L has dropped to 0.31 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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. WMVG.L — Risk / Return Rank
PAWS.L
WMVG.L
PAWS.L vs. WMVG.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 Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | +197.43 | ||
| Omega ratioGain probability vs. loss probability | 87.34 | 1.10 | +86.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.83 | -0.69 |
| Martin ratioReturn relative to average drawdown | 0.51 | 1.99 | -1.48 |
Loading charts...
Drawdowns
PAWS.L vs. WMVG.L - Drawdown Comparison
The maximum PAWS.L drawdown since its inception was -99.03%, which is greater than WMVG.L's maximum drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for PAWS.L and WMVG.L.
Loading charts...
Drawdown Indicators
| PAWS.L | WMVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -28.25% | -70.78% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -4.93% | -94.09% |
Max Drawdown (3Y)Largest decline over 3 years | -99.03% | -9.07% | -89.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.18% | — |
Current DrawdownCurrent decline from peak | -3.17% | -2.41% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -4.11% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.63% | 2.05% | +24.58% |
Volatility
PAWS.L vs. WMVG.L - Volatility Comparison
Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) has a higher volatility of 3.50% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.31%. This indicates that PAWS.L's price experiences larger fluctuations and is considered to be riskier than WMVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAWS.L | WMVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.31% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 653.26% | 5.07% | +648.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19,679.03% | 7.34% | +19,671.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,948.20% | 10.00% | +9,938.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,948.20% | 12.14% | +9,936.06% |
PAWS.L vs. WMVG.L - Expense Ratio Comparison
PAWS.L has a 0.19% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.
Dividends
PAWS.L vs. WMVG.L - Dividend Comparison
Neither PAWS.L nor WMVG.L has paid dividends to shareholders.
Frequently Asked Questions
PAWS.L and WMVG.L have a correlation of 0.31, 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 0.35% for WMVG.L.
PAWS.L tracks MSCI ACWI NR USD, while WMVG.L tracks MSCI World Minimum Volatility. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for PAWS.L and 0.35% for WMVG.L.
Find the right allocation for PAWS.L and WMVG.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