SMT.L vs. IWVL.L

Last updated Apr 2, 2026

Compare and contrast key facts about Scottish Mortgage Investment Trust plc (SMT.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L).

SMT.L and IWVL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMT.L is an actively managed fund by Baillie Gifford Funds. It was launched on Mar 31, 2023. IWVL.L is a passively managed fund by iShares that tracks the performance of the MSCI World Enhanced Value Index. It was launched on Oct 3, 2014.

Performance

SMT.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Scottish Mortgage Investment Trust plc (SMT.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.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMT.L Scottish Mortgage Investment Trust plc	6.11%	24.72%	18.75%	12.46%	-45.71%	10.46%	110.49%	24.76%	4.64%	41.09%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	7.96%	30.41%	6.96%	13.56%	0.94%	21.25%	-6.50%	13.64%	-8.94%	12.00%

Different Trading Currencies

SMT.L is traded in GBp, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SMT.L achieves a 6.11% return, which is significantly lower than IWVL.L's 7.96% return. Over the past 10 years, SMT.L has outperformed IWVL.L with an annualized return of 17.57%, while IWVL.L has yielded a comparatively lower 11.54% annualized return.

SMT.L

• 1D: 5.67%
• 1M: 4.09%
• YTD: 6.11%
• 6M: 10.71%
• 1Y: 32.93%
• 3Y*: 23.47%
• 5Y*: 2.03%
• 10Y*: 17.57%

IWVL.L

• 1D: 4.02%
• 1M: -1.62%
• YTD: 7.96%
• 6M: 18.25%
• 1Y: 35.60%
• 3Y*: 18.21%
• 5Y*: 13.14%
• 10Y*: 11.54%

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

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

SMT.L has a 0.31% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.

SMT.L

Scottish Mortgage Investment Trust plc

IWVL.L

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

Return for Risk

SMT.L vs. IWVL.L — Risk / Return Rank

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

SMT.L

SMT.L Risk / Return Rank: 78
SMT.L Sharpe Ratio Rank: 77
SMT.L Sortino Ratio Rank: 79
SMT.L Omega Ratio Rank: 71
SMT.L Calmar Ratio Rank: 86
SMT.L Martin Ratio Rank: 79

IWVL.L

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

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

This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.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.

	SMT.L	IWVL.L	Difference
Sharpe ratio Return per unit of total volatility	1.47	2.28	-0.81
Sortino ratio Return per unit of downside risk	2.11	2.96	-0.86
Omega ratio Gain probability vs. loss probability	1.27	1.44	-0.17
Calmar ratio Return relative to maximum drawdown	2.78	4.66	-1.88
Martin ratio Return relative to average drawdown	9.07	18.09	-9.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SMT.L Sharpe Ratio is 1.47, which is lower than the IWVL.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SMT.L and IWVL.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMT.L	IWVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.28	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.94	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.72	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.64	-0.10

Correlation

The correlation between SMT.L and IWVL.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SMT.L vs. IWVL.L - Dividend Comparison

SMT.L's dividend yield for the trailing twelve months is around 0.35%, while IWVL.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMT.L Scottish Mortgage Investment Trust plc	0.35%	0.37%	0.44%	0.51%	0.51%	0.26%	0.27%	0.54%	0.66%	0.67%	0.93%	1.05%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SMT.L vs. IWVL.L - Drawdown Comparison

The maximum SMT.L drawdown since its inception was -62.61%, which is greater than IWVL.L's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for SMT.L and IWVL.L.

Drawdown Indicators

	SMT.L	IWVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.61%	-39.30%	-23.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.50%	-12.04%	-1.46%
Max Drawdown (5Y) Largest decline over 5 years	-60.11%	-26.55%	-33.56%
Max Drawdown (10Y) Largest decline over 10 years	-60.11%	-39.30%	-20.81%
Current Drawdown Current decline from peak	-16.77%	-4.85%	-11.92%
Average Drawdown Average peak-to-trough decline	-16.09%	-7.60%	-8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	2.47%	+1.29%

Volatility

SMT.L vs. IWVL.L - Volatility Comparison

Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 9.24% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 7.62%. This indicates that SMT.L's price experiences larger fluctuations and is considered to be riskier than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMT.L	IWVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.24%	7.62%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	15.99%	11.18%	+4.81%
Volatility (1Y) Calculated over the trailing 1-year period	22.36%	15.58%	+6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	14.04%	+15.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	15.93%	+12.75%