SGWS.L vs. MVOL.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds from iShares - SGWS.L tracks the MSCI World SRI Select Reduced Fossil Fuel Index while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SGWS.L returned 9.69%/yr vs 5.58%/yr for MVOL.L. At a 0.44 correlation, their price movements are largely independent. SGWS.L charges 0.23%/yr vs 0.35%/yr for MVOL.L.
Performance
SGWS.L vs. MVOL.L - Performance Comparison
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Different Trading Currencies
SGWS.L is traded in GBP, while MVOL.L is traded in USD. To make them comparable, the MVOL.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGWS.L achieves a 10.87% return, which is significantly higher than MVOL.L's 2.74% return.
SGWS.L
- 1D
- -1.10%
- 1M
- -1.67%
- 6M
- 7.19%
- YTD
- 10.87%
- 1Y
- 19.03%
- 3Y*
- 14.15%
- 5Y*
- 9.69%
- 10Y*
- —
MVOL.L
- 1D
- 0.82%
- 1M
- 0.73%
- 6M
- 2.28%
- YTD
- 2.74%
- 1Y
- 4.39%
- 3Y*
- 8.03%
- 5Y*
- 5.58%
- 10Y*
- 6.55%
SGWS.L vs. MVOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 10.87% | 12.73% | 13.86% | 24.27% | -20.28% | 28.51% | 7.96% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 2.74% | 3.11% | 13.02% | 1.92% | 1.12% | 15.73% | -2.27% |
Correlation
The correlation between SGWS.L and MVOL.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.44 |
Over the past year, the correlation between SGWS.L and MVOL.L has dropped to 0.11 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
SGWS.L vs. MVOL.L — Risk / Return Rank
SGWS.L
MVOL.L
SGWS.L vs. MVOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.
| SGWS.L | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 0.74 | +1.45 |
| Martin ratioReturn relative to average drawdown | 8.49 | 1.79 | +6.70 |
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Drawdowns
SGWS.L vs. MVOL.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for SGWS.L and MVOL.L.
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Drawdown Indicators
| SGWS.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -20.24% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -5.89% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -8.79% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -10.44% | -15.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.24% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.82% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -3.61% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.45% | -0.22% |
Volatility
SGWS.L vs. MVOL.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.16% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 3.45%. This indicates that SGWS.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGWS.L | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.45% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 7.47% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 9.22% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 10.71% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 12.18% | +3.02% |
SGWS.L vs. MVOL.L - Expense Ratio Comparison
SGWS.L has a 0.23% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
SGWS.L vs. MVOL.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.17%, while MVOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.17% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% |
Frequently Asked Questions
SGWS.L and MVOL.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGWS.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGWS.L is cheaper with a 0.23% expense ratio, compared with 0.35% for MVOL.L.
SGWS.L tracks MSCI World SRI Select Reduced Fossil Fuel Index, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.23% for SGWS.L and 0.35% for MVOL.L.
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