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V3AB.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

V3AB.L vs. MVOL.L

Last updated Jun 5, 2026

V3AB.L (Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds tracking the MSCI ACWI NR USD, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, V3AB.L returned 11.91%/yr vs 6.31%/yr for MVOL.L. A 0.54 correlation means they provide meaningful diversification when combined. V3AB.L charges 0.24%/yr vs 0.35%/yr for MVOL.L.

Performance

V3AB.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.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

V3AB.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, V3AB.L achieves a 12.14% return, which is significantly higher than MVOL.L's 1.07% return.

V3AB.L

1D
0.03%
1M
6.33%
YTD
12.14%
6M
12.90%
1Y
30.24%
3Y*
17.81%
5Y*
11.91%
10Y*
—

MVOL.L

1D
0.04%
1M
1.69%
YTD
1.07%
6M
0.74%
1Y
2.42%
3Y*
6.56%
5Y*
6.31%
10Y*
7.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

V3AB.L vs. MVOL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
V3AB.L
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating		12.14%12.22%19.77%17.95%-11.67%17.38%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.07%3.11%13.02%1.92%1.12%15.38%

Correlation

The correlation between V3AB.L and MVOL.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.42

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

0.54

Correlation (All Time)
Calculated using the full available price history since Mar 26, 2021

0.54

Over the past year, the correlation between V3AB.L and MVOL.L has dropped to 0.21 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

V3AB.L vs. MVOL.L - Sectors Allocation Comparison

Sectors
V3AB.L
MVOL.L

Technology

33.9%
20.1%

Financial Services

17.7%
14.0%

Consumer Cyclical

11.2%
5.6%

Communication Services

10.0%
12.1%

Healthcare

9.7%
13.8%

Industrials

6.4%
9.2%

Consumer Defensive

4.4%
10.9%

Basic Materials

3.4%
1.1%

Real Estate

3.0%
0.7%

Utilities

0.4%
8.0%

Energy

0.0%
4.5%

Technology

V3AB.L
33.9%
MVOL.L
20.1%

Financial Services

V3AB.L
17.7%
MVOL.L
14.0%

Consumer Cyclical

V3AB.L
11.2%
MVOL.L
5.6%

Communication Services

V3AB.L
10.0%
MVOL.L
12.1%

Healthcare

V3AB.L
9.7%
MVOL.L
13.8%

Industrials

V3AB.L
6.4%
MVOL.L
9.2%

Consumer Defensive

V3AB.L
4.4%
MVOL.L
10.9%

Basic Materials

V3AB.L
3.4%
MVOL.L
1.1%

Real Estate

V3AB.L
3.0%
MVOL.L
0.7%

Utilities

V3AB.L
0.4%
MVOL.L
8.0%

Energy

V3AB.L
0.0%
MVOL.L
4.5%

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Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with V3AB.L:
V3AB.L vs. VWRP.LV3AB.L vs. VWRL.ASV3AB.L vs. V3AM.LV3AB.L vs. VUAG.LV3AB.L vs. SSAC.LV3AB.L vs. ESGG.LV3AB.L vs. VUSA.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

V3AB.L vs. MVOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
V3AB.L
V3AB.L Risk / Return Rank: 8080
Overall Rank
V3AB.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
V3AB.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
V3AB.L Omega Ratio Rank: 8383
Omega Ratio Rank
V3AB.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
V3AB.L Martin Ratio Rank: 8080
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.

V3AB.L vs. MVOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.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.

V3AB.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
2.58
0.27

+2.31

Sortino ratioReturn per unit of downside risk
3.56
0.44

+3.12

Omega ratioGain probability vs. loss probability

1.49

1.05

+0.44

Calmar ratioReturn relative to maximum drawdown

3.76

0.41

+3.35

Martin ratioReturn relative to average drawdown

15.42

1.06

+14.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3AB.L vs. MVOL.L - Sharpe Ratio Comparison

The current V3AB.L Sharpe Ratio is 2.58, which is higher than the MVOL.L Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of V3AB.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

V3AB.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.58

0.27

+2.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.59

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.63

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.79

+0.13

Drawdowns

V3AB.L vs. MVOL.L - Drawdown Comparison

The maximum V3AB.L drawdown since its inception was -19.00%, smaller than the maximum MVOL.L drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for V3AB.L and MVOL.L.

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Drawdown Indicators

V3AB.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.00%

-20.24%

+1.24%

Max Drawdown (1Y)

Largest decline over 1 year

-8.00%

-5.89%

-2.11%

Max Drawdown (3Y)

Largest decline over 3 years

-19.00%

-8.78%

-10.22%

Max Drawdown (5Y)

Largest decline over 5 years

-19.00%

-10.44%

-8.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.24%

—

Current Drawdown

Current decline from peak

-0.55%

-3.42%

+2.87%

Average Drawdown

Average peak-to-trough decline

-4.22%

-3.64%

-0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

2.29%

-0.33%

Volatility

V3AB.L vs. MVOL.L - Volatility Comparison

Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) has a higher volatility of 3.38% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.89%. This indicates that V3AB.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

V3AB.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.38%

2.89%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

8.82%

6.88%

+1.94%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

8.81%

+2.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.72%

10.63%

+3.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.67%

12.49%

+1.18%

V3AB.L vs. MVOL.L - Expense Ratio Comparison

V3AB.L has a 0.24% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

V3AB.L vs. MVOL.L - Dividend Comparison

Neither V3AB.L nor MVOL.L has paid dividends to shareholders.

PositionTTM2025202420232022
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.00%0.00%0.00%0.00%0.00%
V3AB.L
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating		0.00%0.00%0.00%0.00%1.91%

Frequently Asked Questions

V3AB.L and MVOL.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, V3AB.L is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

V3AB.L is cheaper with a 0.24% expense ratio, compared with 0.35% for MVOL.L.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3AB.L and 0.35% for MVOL.L.

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