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VHVE.L vs. ISWD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHVE.L vs. ISWD.L

Last updated Jun 5, 2026

VHVE.L (Vanguard FTSE Developed World UCITS ETF USD Acc) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - VHVE.L tracks the FTSE Developed while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 5 years, VHVE.L returned 12.10%/yr vs 12.48%/yr for ISWD.L. Their correlation of 0.88 suggests significant overlap in exposure. VHVE.L charges 0.12%/yr vs 0.60%/yr for ISWD.L.

Performance

VHVE.L vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VHVE.L is traded in USD, while ISWD.L is traded in GBp. To make them comparable, the ISWD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VHVE.L achieves a 11.59% return, which is significantly lower than ISWD.L's 19.77% return.

VHVE.L

1D
-0.07%
1M
4.47%
YTD
11.59%
6M
12.99%
1Y
28.64%
3Y*
21.52%
5Y*
12.10%
10Y*
—

ISWD.L

1D
-0.20%
1M
8.70%
YTD
19.77%
6M
21.01%
1Y
37.31%
3Y*
18.86%
5Y*
12.48%
10Y*
11.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VHVE.L vs. ISWD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VHVE.L
Vanguard FTSE Developed World UCITS ETF USD Acc		11.59%22.18%17.93%24.66%-18.06%21.15%16.52%8.50%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		19.77%20.00%6.05%23.43%-11.47%22.58%8.33%9.03%

Correlation

The correlation between VHVE.L and ISWD.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.84

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

0.85

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

0.87

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

0.88

The correlation between VHVE.L and ISWD.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

VHVE.L vs. ISWD.L - Sectors Allocation Comparison

Sectors
VHVE.L
ISWD.L

Technology

29.0%
42.8%

Financial Services

15.6%
0.0%

Industrials

11.5%
12.9%

Consumer Cyclical

9.3%
6.9%

Communication Services

9.0%
0.4%

Healthcare

8.5%
10.4%

Consumer Defensive

5.1%
3.7%

Energy

4.1%
11.6%

Basic Materials

3.4%
9.6%

Utilities

2.6%
1.1%

Real Estate

2.0%
0.2%

Technology

VHVE.L
29.0%
ISWD.L
42.8%

Financial Services

VHVE.L
15.6%
ISWD.L
0.0%

Industrials

VHVE.L
11.5%
ISWD.L
12.9%

Consumer Cyclical

VHVE.L
9.3%
ISWD.L
6.9%

Communication Services

VHVE.L
9.0%
ISWD.L
0.4%

Healthcare

VHVE.L
8.5%
ISWD.L
10.4%

Consumer Defensive

VHVE.L
5.1%
ISWD.L
3.7%

Energy

VHVE.L
4.1%
ISWD.L
11.6%

Basic Materials

VHVE.L
3.4%
ISWD.L
9.6%

Utilities

VHVE.L
2.6%
ISWD.L
1.1%

Real Estate

VHVE.L
2.0%
ISWD.L
0.2%

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed World UCITS ETF USD Acc

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with VHVE.L:
VHVE.L vs. IWDA.LVHVE.L vs. VOOVHVE.L vs. SWRD.ASVHVE.L vs. ETLX.DEVHVE.L vs. VTVHVE.L vs. CNDX.LVHVE.L vs. SPYL.DE
Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

VHVE.L vs. ISWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VHVE.L
VHVE.L Risk / Return Rank: 7474
Overall Rank
VHVE.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
VHVE.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
VHVE.L Omega Ratio Rank: 7474
Omega Ratio Rank
VHVE.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
VHVE.L Martin Ratio Rank: 7676
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 9393
Overall Rank
ISWD.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9393
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9393
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.

VHVE.L vs. ISWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.

VHVE.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
2.34
2.93

-0.60

Sortino ratioReturn per unit of downside risk
3.47
4.14

-0.68

Omega ratioGain probability vs. loss probability

1.43

1.51

-0.07

Calmar ratioReturn relative to maximum drawdown

3.35

5.09

-1.74

Martin ratioReturn relative to average drawdown

14.41

18.41

-4.00

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

VHVE.L vs. ISWD.L - Sharpe Ratio Comparison

The current VHVE.L Sharpe Ratio is 2.34, which is comparable to the ISWD.L Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of VHVE.L and ISWD.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

VHVE.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.34

2.93

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.81

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.51

+0.33

Drawdowns

VHVE.L vs. ISWD.L - Drawdown Comparison

The maximum VHVE.L drawdown since its inception was -33.60%, smaller than the maximum ISWD.L drawdown of -48.12%. Use the drawdown chart below to compare losses from any high point for VHVE.L and ISWD.L.

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Drawdown Indicators

VHVE.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.60%

-48.12%

+14.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-7.30%

-1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-16.52%

-18.46%

+1.94%

Max Drawdown (5Y)

Largest decline over 5 years

-26.08%

-22.70%

-3.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.38%

—

Current Drawdown

Current decline from peak

-0.66%

-0.20%

-0.46%

Average Drawdown

Average peak-to-trough decline

-5.36%

-4.70%

-0.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.02%

-0.04%

Volatility

VHVE.L vs. ISWD.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) is 3.64%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 4.07%. This indicates that VHVE.L experiences smaller price fluctuations and is considered to be less risky than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VHVE.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

4.07%

-0.43%

Volatility (6M)

Calculated over the trailing 6-month period

9.55%

9.72%

-0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

12.20%

12.65%

-0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.56%

15.46%

+0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.51%

15.67%

+1.84%

VHVE.L vs. ISWD.L - Expense Ratio Comparison

VHVE.L has a 0.12% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

VHVE.L vs. ISWD.L - Dividend Comparison

VHVE.L has not paid dividends to shareholders, while ISWD.L's dividend yield for the trailing twelve months is around 1.27%.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
VHVE.L
Vanguard FTSE Developed World UCITS ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VHVE.L and ISWD.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VHVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VHVE.L is cheaper with a 0.12% expense ratio, compared with 0.60% for ISWD.L.

VHVE.L tracks FTSE Developed, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VHVE.L and 0.60% for ISWD.L.

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