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SUWG.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUWG.L vs. MVOL.L

Last updated Jun 5, 2026

SUWG.L (iShares MSCI World SRI UCITS ETF USD (Dist)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) 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 6.31%/yr for MVOL.L. A 0.60 correlation means they provide meaningful diversification when combined. SUWG.L charges 0.20%/yr vs 0.35%/yr for MVOL.L.

Performance

SUWG.L vs. MVOL.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 UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SUWG.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, SUWG.L achieves a 10.28% return, which is significantly higher than MVOL.L's 1.04% 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*
—

MVOL.L

1D
0.01%
1M
1.91%
YTD
1.04%
6M
0.81%
1Y
2.96%
3Y*
6.54%
5Y*
6.31%
10Y*
7.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
SUWG.L
iShares MSCI World SRI UCITS ETF USD (Dist)		10.28%7.24%12.94%18.32%-11.70%27.80%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.04%3.11%13.02%1.92%1.12%21.03%

Correlation

The correlation between SUWG.L and MVOL.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2021

0.60

Over the past year, the correlation between SUWG.L and MVOL.L has dropped to 0.31 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

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

Sectors
SUWG.L
MVOL.L

Technology

32.7%
20.1%

Financial Services

16.6%
14.0%

Industrials

11.2%
9.2%

Consumer Cyclical

9.1%
5.6%

Healthcare

9.0%
13.8%

Communication Services

7.7%
12.1%

Consumer Defensive

6.0%
10.9%

Basic Materials

3.8%
1.1%

Real Estate

2.2%
0.7%

Utilities

1.7%
8.0%

Energy

-

4.5%

Technology

SUWG.L
32.7%
MVOL.L
20.1%

Financial Services

SUWG.L
16.6%
MVOL.L
14.0%

Industrials

SUWG.L
11.2%
MVOL.L
9.2%

Consumer Cyclical

SUWG.L
9.1%
MVOL.L
5.6%

Healthcare

SUWG.L
9.0%
MVOL.L
13.8%

Communication Services

SUWG.L
7.7%
MVOL.L
12.1%

Consumer Defensive

SUWG.L
6.0%
MVOL.L
10.9%

Basic Materials

SUWG.L
3.8%
MVOL.L
1.1%

Real Estate

SUWG.L
2.2%
MVOL.L
0.7%

Utilities

SUWG.L
1.7%
MVOL.L
8.0%

Energy

SUWG.L

-

MVOL.L
4.5%

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iShares MSCI World SRI UCITS ETF USD (Dist)

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with SUWG.L:
SUWG.L vs. SWDA.LSUWG.L vs. HPAO.LSUWG.L vs. V3AB.LSUWG.L vs. P500.DESUWG.L vs. SPX4.LSUWG.L vs. V3GS.LSUWG.L vs. TDIV
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

SUWG.L vs. MVOL.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: 5858
Overall Rank
SUWG.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SUWG.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
SUWG.L Omega Ratio Rank: 5959
Omega Ratio Rank
SUWG.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
SUWG.L Martin Ratio Rank: 5959
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
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.

SUWG.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 USD (Dist) (SUWG.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.

SUWG.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
1.91
0.27

+1.64

Sortino ratioReturn per unit of downside risk
2.73
0.44

+2.29

Omega ratioGain probability vs. loss probability

1.35

1.05

+0.30

Calmar ratioReturn relative to maximum drawdown

2.75

0.40

+2.35

Martin ratioReturn relative to average drawdown

10.28

1.04

+9.24

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. MVOL.L - Sharpe Ratio Comparison

The current SUWG.L Sharpe Ratio is 1.91, which is higher than the MVOL.L Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of SUWG.L and MVOL.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.

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Sharpe Ratios by Period

SUWG.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

0.27

+1.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.59

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.63

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.79

+0.06

Drawdowns

SUWG.L vs. MVOL.L - Drawdown Comparison

The maximum SUWG.L drawdown since its inception was -18.97%, smaller than the maximum MVOL.L drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for SUWG.L and MVOL.L.

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Drawdown Indicators

SUWG.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-18.97%

-20.24%

+1.27%

Max Drawdown (1Y)

Largest decline over 1 year

-7.92%

-5.89%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-18.97%

-8.78%

-10.19%

Max Drawdown (5Y)

Largest decline over 5 years

-18.97%

-10.44%

-8.53%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.24%

—

Current Drawdown

Current decline from peak

0.00%

-3.45%

+3.45%

Average Drawdown

Average peak-to-trough decline

-4.31%

-3.64%

-0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

2.29%

-0.17%

Volatility

SUWG.L vs. MVOL.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 UCITS (MVOL.L) at 2.89%. This indicates that SUWG.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

SUWG.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

2.89%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

6.88%

+1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

11.38%

8.81%

+2.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.65%

10.63%

+3.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.63%

12.49%

+1.14%

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

SUWG.L has a 0.20% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

SUWG.L vs. MVOL.L - Dividend Comparison

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

PositionTTM20252024202320222021
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		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

SUWG.L and MVOL.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

SUWG.L is cheaper with a 0.20% expense ratio, compared with 0.35% for MVOL.L.

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.20% for SUWG.L and 0.35% for MVOL.L.

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