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SMT.L vs. WMVG.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SMT.L vs. WMVG.L

Last updated Apr 1, 2026

Compare and contrast key facts about Scottish Mortgage Investment Trust plc (SMT.L) and iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L).

SMT.L and WMVG.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. WMVG.L is a passively managed fund by iShares that tracks the performance of the MSCI World Minimum Volatility. It was launched on Feb 26, 2019.

Performance

SMT.L vs. WMVG.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 Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
SMT.L
Scottish Mortgage Investment Trust plc		0.42%24.72%18.75%12.46%-45.71%10.46%110.49%17.98%
WMVG.L
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)		0.10%9.08%14.49%7.33%-8.31%16.96%-1.30%11.65%
Different Trading Currencies

SMT.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, SMT.L achieves a 0.42% return, which is significantly higher than WMVG.L's 0.10% return.

SMT.L

1D
1.36%
1M
-3.76%
YTD
0.42%
6M
4.86%
1Y
26.79%
3Y*
21.23%
5Y*
0.91%
10Y*
16.93%

WMVG.L

1D
0.04%
1M
-4.37%
YTD
0.10%
6M
1.24%
1Y
2.38%
3Y*
9.74%
5Y*
6.73%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Scottish Mortgage Investment Trust plc

iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)

Often compared with SMT.L:
SMT.L vs. SPXP.LSMT.L vs. QQQSMT.L vs. FCIT.LSMT.L vs. BRK-BSMT.L vs. HMWO.LSMT.L vs. AGT.LSMT.L vs. III.L
Often compared with WMVG.L:
WMVG.L vs. MVUS.LWMVG.L vs. PQVG.LWMVG.L vs. MINV.LWMVG.L vs. MVEW.LWMVG.L vs. VSCGXWMVG.L vs. AVGC.LWMVG.L vs. VWRA.L

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

SMT.L has a 0.31% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.

WMVG.L
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)
SMT.L
Scottish Mortgage Investment Trust plc

Return for Risk

SMT.L vs. WMVG.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: 6969
Overall Rank
SMT.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SMT.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
SMT.L Omega Ratio Rank: 6464
Omega Ratio Rank
SMT.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
SMT.L Martin Ratio Rank: 6464
Martin Ratio Rank
WMVG.L
WMVG.L Risk / Return Rank: 1717
Overall Rank
WMVG.L Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
WMVG.L Sortino Ratio Rank: 1616
Sortino Ratio Rank
WMVG.L Omega Ratio Rank: 1717
Omega Ratio Rank
WMVG.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
WMVG.L Martin Ratio Rank: 1919
Martin Ratio Rank
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. WMVG.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 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.

SMT.LWMVG.LDifference

Sharpe ratio

Return per unit of total volatility

1.23

0.22

+1.01

Sortino ratio

Return per unit of downside risk

1.77

0.36

+1.41

Omega ratio

Gain probability vs. loss probability

1.23

1.06

+0.17

Calmar ratio

Return relative to maximum drawdown

1.91

0.20

+1.71

Martin ratio

Return relative to average drawdown

6.19

0.97

+5.22

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. WMVG.L - Sharpe Ratio Comparison

The current SMT.L Sharpe Ratio is 1.23, which is higher than the WMVG.L Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of SMT.L and WMVG.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.

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Sharpe Ratios by Period

SMT.LWMVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.23

0.22

+1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.03

0.68

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.55

-0.02

Correlation

The correlation between SMT.L and WMVG.L is 0.45, 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. WMVG.L - Dividend Comparison

SMT.L's dividend yield for the trailing twelve months is around 0.37%, while WMVG.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
SMT.L
Scottish Mortgage Investment Trust plc		0.37%0.37%0.44%0.51%0.51%0.26%0.27%0.54%0.66%0.67%0.93%1.05%
WMVG.L
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (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. WMVG.L - Drawdown Comparison

The maximum SMT.L drawdown since its inception was -62.61%, 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 SMT.L and WMVG.L.

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Drawdown Indicators

SMT.LWMVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-62.61%

-28.25%

-34.36%

Max Drawdown (1Y)

Largest decline over 1 year

-14.26%

-8.89%

-5.37%

Max Drawdown (5Y)

Largest decline over 5 years

-60.11%

-15.18%

-44.93%

Max Drawdown (10Y)

Largest decline over 10 years

-60.11%

—

—

Current Drawdown

Current decline from peak

-21.23%

-4.37%

-16.86%

Average Drawdown

Average peak-to-trough decline

-16.09%

-4.13%

-11.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.17%

1.80%

+2.37%

Volatility

SMT.L vs. WMVG.L - Volatility Comparison

Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 8.11% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.77%. This indicates that SMT.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.

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Volatility by Period

SMT.LWMVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.11%

2.77%

+5.34%

Volatility (6M)

Calculated over the trailing 6-month period

15.06%

5.10%

+9.96%

Volatility (1Y)

Calculated over the trailing 1-year period

21.75%

10.70%

+11.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.89%

9.97%

+19.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.63%

12.23%

+16.40%