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

TSWE.L vs. WMVG.L

Last updated Jul 21, 2026
Documentation

TSWE.L (VanEck World Equal Weight Screened UCITS ETF USD (Dist)) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds - TSWE.L tracks the Solactive World Equal Weight Screened Index while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, TSWE.L returned 10.47%/yr vs 5.60%/yr for WMVG.L. A 0.70 correlation means they provide meaningful diversification when combined. TSWE.L charges 0.20%/yr vs 0.35%/yr for WMVG.L.

Performance

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

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Different Trading Currencies

TSWE.L is traded in USD, while WMVG.L is traded in GBP. To make them comparable, the WMVG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSWE.L achieves a 11.74% return, which is significantly higher than WMVG.L's 3.22% 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%

WMVG.L

1D
-0.61%
1M
4.86%
6M
3.59%
YTD
3.22%
1Y
5.98%
3Y*
11.14%
5Y*
5.60%
10Y*
—
ALL TIME*
7.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
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%21.84%
WMVG.L
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)		3.22%17.30%12.56%13.02%-18.11%15.90%1.73%11.44%

Correlation

The correlation between TSWE.L and WMVG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.59

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

0.69

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2019

0.70

Over the past year, the correlation between TSWE.L and WMVG.L has dropped to 0.47 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

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

Sectors
TSWE.L
WMVG.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%
WMVG.L
13.3%

Technology

TSWE.L
23.7%
WMVG.L
23.6%

Healthcare

TSWE.L
12.6%
WMVG.L
14.6%

Industrials

TSWE.L
11.4%
WMVG.L
8.9%

Consumer Cyclical

TSWE.L
7.1%
WMVG.L
5.3%

Communication Services

TSWE.L
6.6%
WMVG.L
10.5%

Real Estate

TSWE.L
2.5%
WMVG.L
1.2%

Basic Materials

TSWE.L
2.4%
WMVG.L
0.9%

Consumer Defensive

TSWE.L
1.5%
WMVG.L
10.3%

Utilities

TSWE.L
1.1%
WMVG.L
7.7%

Energy

TSWE.L
0.4%
WMVG.L
3.8%

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VanEck World Equal Weight Screened UCITS ETF USD (Dist)

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

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 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. VHYD.L

Return for Risk

TSWE.L vs. WMVG.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
WMVG.L
WMVG.L Risk / Return Rank: 2828
Overall Rank
WMVG.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
WMVG.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
WMVG.L Omega Ratio Rank: 2626
Omega Ratio Rank
WMVG.L Calmar Ratio Rank: 3131
Calmar Ratio Rank
WMVG.L Martin Ratio Rank: 2727
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. WMVG.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 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.

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.LWMVG.LDifference
Sharpe ratioReturn per unit of total volatility
1.56
0.59

+0.96

Sortino ratioReturn per unit of downside risk
2.34
0.87

+1.47

Omega ratioGain probability vs. loss probability

1.29

1.11

+0.18

Calmar ratioReturn relative to maximum drawdown

2.27

0.91

+1.36

Martin ratioReturn relative to average drawdown

8.48

2.03

+6.45

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

The current TSWE.L Sharpe Ratio is 1.56, which is higher than the WMVG.L Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of TSWE.L and WMVG.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. WMVG.L - Drawdown Comparison

The maximum TSWE.L drawdown since its inception was -76.86%, which is greater than WMVG.L's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for TSWE.L and WMVG.L.

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Drawdown Indicators

TSWE.LWMVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-76.86%

-36.20%

-40.66%

Max Drawdown (1Y)

Largest decline over 1 year

-10.48%

-6.55%

-3.93%

Max Drawdown (3Y)

Largest decline over 3 years

-16.43%

-11.54%

-4.89%

Max Drawdown (5Y)

Largest decline over 5 years

-28.31%

-32.15%

+3.84%

Max Drawdown (10Y)

Largest decline over 10 years

-76.86%

—

—

Current Drawdown

Current decline from peak

-20.46%

-1.56%

-18.90%

Average Drawdown

Average peak-to-trough decline

-31.89%

-7.02%

-24.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

2.94%

-0.13%

Volatility

TSWE.L vs. WMVG.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 ETF GBP Hedged (Acc) (WMVG.L) at 2.02%. This indicates that TSWE.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

TSWE.LWMVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

2.02%

+1.72%

Volatility (6M)

Calculated over the trailing 6-month period

12.99%

7.30%

+5.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.34%

10.11%

+5.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.17%

14.82%

+1.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.68%

16.73%

+10.95%

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

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

Dividends

TSWE.L vs. WMVG.L - Dividend Comparison

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

PositionTTM202520242023202220212020201920182017
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%
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%

Frequently Asked Questions

TSWE.L and WMVG.L have a correlation of 0.47, 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 WMVG.L.

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

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