VOLT vs. IWVL.L

Last updated Jun 14, 2026

VOLT (Tema Electrification ETF) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - VOLT is a Energy Equities fund actively managed by Tema, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. VOLT is actively managed, while IWVL.L is passively managed. Over the past year, VOLT returned 62.39% vs 63.09% for IWVL.L. At a 0.44 correlation, their price movements are largely independent. VOLT charges 0.75%/yr vs 0.25%/yr for IWVL.L.

Performance

VOLT vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOLT achieves a 36.32% return, which is significantly higher than IWVL.L's 32.97% return.

VOLT

• 1D: 1.28%
• 1M: -0.71%
• YTD: 36.32%
• 6M: 35.03%
• 1Y: 62.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWVL.L

• 1D: 3.36%
• 1M: 6.98%
• YTD: 32.97%
• 6M: 35.11%
• 1Y: 63.09%
• 3Y*: 28.41%
• 5Y*: 16.13%
• 10Y*: 13.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOLT vs. IWVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	36.32%	25.92%	-8.98%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	32.97%	40.42%	-3.27%

Correlation

The correlation between VOLT and IWVL.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.44

VOLT vs. IWVL.L - Sectors Allocation Comparison

Sectors	VOLT	IWVL.L
Industrials	46.7%	11.3%
Utilities	31.8%	2.5%
Technology	12.2%	33.9%
Energy	5.1%	3.8%
Consumer Cyclical	3.4%	7.9%
Financial Services	0.5%	14.8%
Basic Materials	-	3.0%
Communication Services	-	7.6%
Consumer Defensive	-	4.5%
Healthcare	-	8.8%
Real Estate	-	1.8%

Return for Risk

VOLT vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 92
VOLT Sortino Ratio Rank: 89
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 90

IWVL.L

IWVL.L Risk / Return Rank: 96
IWVL.L Sharpe Ratio Rank: 96
IWVL.L Sortino Ratio Rank: 96
IWVL.L Omega Ratio Rank: 95
IWVL.L Calmar Ratio Rank: 95
IWVL.L Martin Ratio Rank: 95

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.

VOLT vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

	VOLT	IWVL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.87	3.83	-0.96
Sortino ratio: Return per unit of downside risk	3.62	5.32	-1.70
Omega ratio: Gain probability vs. loss probability	1.47	1.68	-0.21
Calmar ratio: Return relative to maximum drawdown	6.35	7.10	-0.74
Martin ratio: Return relative to average drawdown	17.90	25.90	-8.00

VOLT vs. IWVL.L - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 2.87, which is comparable to the IWVL.L Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of VOLT and IWVL.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.

Drawdowns

VOLT vs. IWVL.L - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VOLT and IWVL.L.

Drawdown Indicators

	VOLT	IWVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-39.30%	+15.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-8.74%	-0.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	-4.76%	-1.88%	-2.88%
Average Drawdown Average peak-to-trough decline	-5.19%	-7.48%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	2.40%	+1.00%

Volatility

VOLT vs. IWVL.L - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.23% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 6.99%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	IWVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.23%	6.99%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	13.69%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	16.20%	+5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.40%	16.15%	+8.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	17.05%	+7.35%

VOLT vs. IWVL.L - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.

Dividends

VOLT vs. IWVL.L - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.33%, while IWVL.L has not paid dividends to shareholders.

Position	TTM	2025	2024
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%

Frequently Asked Questions

Can I hold both VOLT and IWVL.L in my portfolio?

VOLT and IWVL.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOLT or IWVL.L?

On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOLT or IWVL.L?

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.75% for VOLT.

What is the main difference between VOLT and IWVL.L?

VOLT is categorized as Energy Equities, while IWVL.L is Global Equities. They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for VOLT and 0.25% for IWVL.L.