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

TSWE.L vs. MVOL.L

Last updated Jul 21, 2026
Documentation

TSWE.L (VanEck World Equal Weight Screened UCITS ETF USD (Dist)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds - TSWE.L tracks the Solactive World Equal Weight Screened Index while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, TSWE.L returned 0.29%/yr vs 6.75%/yr for MVOL.L. A 0.64 correlation means they provide meaningful diversification when combined. TSWE.L charges 0.20%/yr vs 0.35%/yr for MVOL.L.

Performance

TSWE.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck World Equal Weight Screened UCITS ETF USD (Dist) (TSWE.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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Returns By Period

In the year-to-date period, TSWE.L achieves a 11.74% return, which is significantly higher than MVOL.L's 1.93% return. Over the past 10 years, TSWE.L has underperformed MVOL.L with an annualized return of 0.29%, while MVOL.L has yielded a comparatively higher 6.75% annualized return.

TSWE.L

1D
-0.04%
1M
-2.30%
6M
9.45%
YTD
11.74%
1Y
23.91%
3Y*
18.01%
5Y*
10.47%
10Y*
0.29%
ALL TIME*
2.36%

MVOL.L

1D
-0.65%
1M
2.98%
6M
2.45%
YTD
1.93%
1Y
3.76%
3Y*
8.54%
5Y*
5.02%
10Y*
6.75%
ALL TIME*
8.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
TSWE.L
VanEck World Equal Weight Screened UCITS ETF USD (Dist)		11.74%27.64%9.78%20.41%-17.42%22.23%23.38%-61.63%-4.83%9.00%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.93%11.02%11.08%7.28%-9.62%14.65%2.56%22.56%-2.40%17.39%

Correlation

The correlation between TSWE.L and MVOL.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.56

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

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since May 3, 2013

0.64

Over the past year, the correlation between TSWE.L and MVOL.L has dropped to 0.39 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

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

Sectors
TSWE.L
MVOL.L

Financial Services

30.9%
13.3%

Technology

23.7%
23.6%

Healthcare

12.6%
14.6%

Industrials

11.4%
8.9%

Consumer Cyclical

7.1%
5.3%

Communication Services

6.6%
10.5%

Real Estate

2.5%
1.2%

Basic Materials

2.4%
0.9%

Consumer Defensive

1.5%
10.3%

Utilities

1.1%
7.7%

Energy

0.4%
3.8%

Financial Services

TSWE.L
30.9%
MVOL.L
13.3%

Technology

TSWE.L
23.7%
MVOL.L
23.6%

Healthcare

TSWE.L
12.6%
MVOL.L
14.6%

Industrials

TSWE.L
11.4%
MVOL.L
8.9%

Consumer Cyclical

TSWE.L
7.1%
MVOL.L
5.3%

Communication Services

TSWE.L
6.6%
MVOL.L
10.5%

Real Estate

TSWE.L
2.5%
MVOL.L
1.2%

Basic Materials

TSWE.L
2.4%
MVOL.L
0.9%

Consumer Defensive

TSWE.L
1.5%
MVOL.L
10.3%

Utilities

TSWE.L
1.1%
MVOL.L
7.7%

Energy

TSWE.L
0.4%
MVOL.L
3.8%

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VanEck World Equal Weight Screened UCITS ETF USD (Dist)

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with TSWE.L:
TSWE.L vs. IWVG.LTSWE.L vs. MOAT.LTSWE.L vs. MWOZ.LTSWE.L vs. REGB.LTSWE.L vs. DAGB.LTSWE.L vs. FLES.LTSWE.L vs. GDGB.L
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

TSWE.L vs. MVOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TSWE.L
TSWE.L Risk / Return Rank: 6565
Overall Rank
TSWE.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
TSWE.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
TSWE.L Omega Ratio Rank: 6464
Omega Ratio Rank
TSWE.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
TSWE.L Martin Ratio Rank: 6666
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1919
Overall Rank
MVOL.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1818
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
MVOL.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.

TSWE.L vs. MVOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck World Equal Weight Screened UCITS ETF USD (Dist) (TSWE.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.

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.

TSWE.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
1.56
0.48

+1.08

Sortino ratioReturn per unit of downside risk
2.34
0.71

+1.63

Omega ratioGain probability vs. loss probability

1.29

1.09

+0.20

Calmar ratioReturn relative to maximum drawdown

2.27

0.65

+1.62

Martin ratioReturn relative to average drawdown

8.48

1.41

+7.07

TSWE.L vs. MVOL.L - Sharpe Ratio Comparison

The current TSWE.L Sharpe Ratio is 1.56, which is higher than the MVOL.L Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of TSWE.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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Drawdowns

TSWE.L vs. MVOL.L - Drawdown Comparison

The maximum TSWE.L drawdown since its inception was -76.86%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for TSWE.L and MVOL.L.

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Drawdown Indicators

TSWE.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-76.86%

-28.82%

-48.04%

Max Drawdown (1Y)

Largest decline over 1 year

-10.48%

-5.78%

-4.70%

Max Drawdown (3Y)

Largest decline over 3 years

-16.43%

-8.15%

-8.28%

Max Drawdown (5Y)

Largest decline over 5 years

-28.31%

-18.52%

-9.79%

Max Drawdown (10Y)

Largest decline over 10 years

-76.86%

-28.82%

-48.04%

Current Drawdown

Current decline from peak

-20.46%

-2.65%

-17.81%

Average Drawdown

Average peak-to-trough decline

-31.89%

-3.30%

-28.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

2.66%

+0.15%

Volatility

TSWE.L vs. MVOL.L - Volatility Comparison

VanEck World Equal Weight Screened UCITS ETF USD (Dist) (TSWE.L) has a higher volatility of 3.74% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.43%. This indicates that TSWE.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

TSWE.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

2.43%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

12.99%

6.10%

+6.89%

Volatility (1Y)

Calculated over the trailing 1-year period

15.34%

7.89%

+7.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.17%

10.66%

+5.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.68%

11.62%

+16.06%

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

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

Dividends

TSWE.L vs. MVOL.L - Dividend Comparison

TSWE.L's dividend yield for the trailing twelve months is around 1.84%, while MVOL.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TSWE.L
VanEck World Equal Weight Screened UCITS ETF USD (Dist)		1.84%1.89%2.28%2.15%2.33%4.41%7.06%9.31%2.86%2.40%

Frequently Asked Questions

TSWE.L and MVOL.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

TSWE.L tracks Solactive World Equal Weight Screened Index, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.20% for TSWE.L and 0.35% for MVOL.L.

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