SPAG.L vs. IWFV.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - SPAG.L is a Materials fund tracking the S&P Commodity Producers Agribusiness Index NTR, while IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, SPAG.L returned 7.13%/yr vs 12.06%/yr for IWFV.L. A 0.71 correlation means they provide meaningful diversification when combined. SPAG.L charges 0.55%/yr vs 0.30%/yr for IWFV.L.
Performance
SPAG.L vs. IWFV.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPAG.L achieves a 13.12% return, which is significantly lower than IWFV.L's 27.74% return. Over the past 10 years, SPAG.L has underperformed IWFV.L with an annualized return of 7.13%, while IWFV.L has yielded a comparatively higher 12.06% annualized return.
SPAG.L
- 1D
- 0.79%
- 1M
- 2.73%
- 6M
- 6.06%
- YTD
- 13.12%
- 1Y
- 16.53%
- 3Y*
- 4.27%
- 5Y*
- 5.31%
- 10Y*
- 7.13%
IWFV.L
- 1D
- -0.24%
- 1M
- -5.28%
- 6M
- 22.71%
- YTD
- 27.74%
- 1Y
- 53.97%
- 3Y*
- 24.39%
- 5Y*
- 16.75%
- 10Y*
- 12.06%
SPAG.L vs. IWFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 13.12% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 6.64% | 13.92% | -7.95% | 9.25% |
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 27.74% | 30.69% | 6.85% | 13.02% | 0.95% | 21.60% | -6.91% | 14.69% | -9.34% | 12.04% |
Correlation
The correlation between SPAG.L and IWFV.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.71 |
Over the past year, the correlation between SPAG.L and IWFV.L has dropped to 0.27 - well below their long-term average of 0.71, 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
SPAG.L vs. IWFV.L — Risk / Return Rank
SPAG.L
IWFV.L
SPAG.L vs. IWFV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.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.
| SPAG.L | IWFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.65 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 7.59 | -5.86 |
| Martin ratioReturn relative to average drawdown | 4.42 | 23.93 | -19.52 |
Loading charts...
Drawdowns
SPAG.L vs. IWFV.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, roughly equal to the maximum IWFV.L drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for SPAG.L and IWFV.L.
Loading charts...
Drawdown Indicators
| SPAG.L | IWFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -42.78% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.08% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -19.86% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -19.86% | -12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | -28.79% | -3.16% |
Current DrawdownCurrent decline from peak | -9.23% | -7.02% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -11.20% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.25% | +1.48% |
Volatility
SPAG.L vs. IWFV.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) is 3.41%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.71%. This indicates that SPAG.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
| SPAG.L | IWFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 5.71% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 13.15% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 14.94% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 19.04% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 17.94% | +1.03% |
SPAG.L vs. IWFV.L - Expense Ratio Comparison
SPAG.L has a 0.55% expense ratio, which is higher than IWFV.L's 0.30% expense ratio.
Dividends
SPAG.L vs. IWFV.L - Dividend Comparison
Neither SPAG.L nor IWFV.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and IWFV.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFV.L is cheaper with a 0.30% expense ratio, compared with 0.55% for SPAG.L.
SPAG.L is categorized as Materials, while IWFV.L is Global Equities. SPAG.L tracks S&P Commodity Producers Agribusiness Index NTR, while IWFV.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.55% for SPAG.L and 0.30% for IWFV.L.
Find the right allocation for SPAG.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