SUWG.L vs. MVEW.L

Last updated Jun 5, 2026

SUWG.L (iShares MSCI World SRI UCITS ETF USD (Dist)) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SUWG.L returned 10.67%/yr vs 6.63%/yr for MVEW.L. A 0.69 correlation means they provide meaningful diversification when combined. SUWG.L charges 0.20%/yr vs 0.30%/yr for MVEW.L.

Performance

SUWG.L vs. MVEW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUWG.L achieves a 10.28% return, which is significantly higher than MVEW.L's 0.37% return.

SUWG.L

• 1D: 0.39%
• 1M: 4.00%
• YTD: 10.28%
• 6M: 10.19%
• 1Y: 21.97%
• 3Y*: 13.08%
• 5Y*: 10.67%
• 10Y*: —

MVEW.L

• 1D: 0.20%
• 1M: 2.18%
• YTD: 0.37%
• 6M: 0.12%
• 1Y: 3.76%
• 3Y*: 6.64%
• 5Y*: 6.63%
• 10Y*: —

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

SUWG.L vs. MVEW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist)	10.28%	7.24%	12.94%	18.32%	-11.70%	27.80%
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)	0.37%	3.73%	12.44%	4.00%	-0.60%	22.62%

Correlation

The correlation between SUWG.L and MVEW.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.69

Over the past year, the correlation between SUWG.L and MVEW.L has dropped to 0.40 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

SUWG.L vs. MVEW.L - Sectors Allocation Comparison

Sectors	SUWG.L	MVEW.L
Technology	32.7%	22.6%
Financial Services	16.6%	15.2%
Industrials	11.2%	8.2%
Consumer Cyclical	9.1%	5.4%
Healthcare	9.0%	14.9%
Communication Services	7.7%	10.5%
Consumer Defensive	6.0%	10.2%
Basic Materials	3.8%	1.5%
Real Estate	2.2%	1.4%
Utilities	1.7%	6.7%
Energy	-	3.3%

Return for Risk

SUWG.L vs. MVEW.L — Risk / Return Rank

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

SUWG.L

SUWG.L Risk / Return Rank: 58
SUWG.L Sharpe Ratio Rank: 57
SUWG.L Sortino Ratio Rank: 59
SUWG.L Omega Ratio Rank: 59
SUWG.L Calmar Ratio Rank: 56
SUWG.L Martin Ratio Rank: 59

MVEW.L

MVEW.L Risk / Return Rank: 15
MVEW.L Sharpe Ratio Rank: 16
MVEW.L Sortino Ratio Rank: 15
MVEW.L Omega Ratio Rank: 14
MVEW.L Calmar Ratio Rank: 16
MVEW.L Martin Ratio Rank: 16

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.

SUWG.L vs. MVEW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.

	SUWG.L	MVEW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.91	0.41	+1.51
Sortino ratio: Return per unit of downside risk	2.73	0.64	+2.09
Omega ratio: Gain probability vs. loss probability	1.35	1.07	+0.28
Calmar ratio: Return relative to maximum drawdown	2.75	0.56	+2.19
Martin ratio: Return relative to average drawdown	10.28	1.47	+8.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUWG.L vs. MVEW.L - Sharpe Ratio Comparison

The current SUWG.L Sharpe Ratio is 1.91, which is higher than the MVEW.L Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of SUWG.L and MVEW.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SUWG.L	MVEW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	0.41	+1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.68	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.60	+0.25

Drawdowns

SUWG.L vs. MVEW.L - Drawdown Comparison

The maximum SUWG.L drawdown since its inception was -18.97%, which is greater than MVEW.L's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for SUWG.L and MVEW.L.

Drawdown Indicators

	SUWG.L	MVEW.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-10.07%	-8.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-5.85%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-9.04%	-9.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-10.07%	-8.90%
Current Drawdown Current decline from peak	0.00%	-3.02%	+3.02%
Average Drawdown Average peak-to-trough decline	-4.31%	-2.57%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.22%	-0.10%

Volatility

SUWG.L vs. MVEW.L - Volatility Comparison

iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) has a higher volatility of 3.37% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 2.63%. This indicates that SUWG.L's price experiences larger fluctuations and is considered to be riskier than MVEW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUWG.L	MVEW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.63%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	5.97%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	8.00%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	9.78%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	10.08%	+3.55%

SUWG.L vs. MVEW.L - Expense Ratio Comparison

SUWG.L has a 0.20% expense ratio, which is lower than MVEW.L's 0.30% expense ratio.

Dividends

SUWG.L vs. MVEW.L - Dividend Comparison

SUWG.L's dividend yield for the trailing twelve months is around 1.12%, while MVEW.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist)	1.12%	1.21%	1.38%	1.54%	1.69%	1.17%

Frequently Asked Questions

Can I hold both SUWG.L and MVEW.L in my portfolio?

SUWG.L and MVEW.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUWG.L or MVEW.L?

On fees, SUWG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUWG.L or MVEW.L?

SUWG.L is cheaper with a 0.20% expense ratio, compared with 0.30% for MVEW.L.

What is the main difference between SUWG.L and MVEW.L?

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.20% for SUWG.L and 0.30% for MVEW.L.