WMAT.L vs. IWVL.L
Compare and contrast key facts about SPDR MSCI World Materials UCITS ETF (WMAT.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L).
WMAT.L and IWVL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WMAT.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Materials NR USD. It was launched on Apr 29, 2016. IWVL.L is a passively managed fund by iShares that tracks the performance of the MSCI World Enhanced Value Index. It was launched on Oct 3, 2014. Both WMAT.L and IWVL.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WMAT.L vs. IWVL.L - Performance Comparison
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WMAT.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMAT.L SPDR MSCI World Materials UCITS ETF | 7.22% | 26.36% | -5.73% | 14.40% | -10.02% | 15.63% | 20.67% | 22.51% | -17.30% | 29.05% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 1.87% | 40.41% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
Returns By Period
In the year-to-date period, WMAT.L achieves a 7.22% return, which is significantly higher than IWVL.L's 1.87% return.
WMAT.L
- 1D
- 0.89%
- 1M
- -10.45%
- YTD
- 7.22%
- 6M
- 14.06%
- 1Y
- 30.85%
- 3Y*
- 11.42%
- 5Y*
- 7.42%
- 10Y*
- —
IWVL.L
- 1D
- -0.13%
- 1M
- -8.45%
- YTD
- 1.87%
- 6M
- 12.71%
- 1Y
- 34.17%
- 3Y*
- 19.41%
- 5Y*
- 11.25%
- 10Y*
- 10.29%
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WMAT.L vs. IWVL.L - Expense Ratio Comparison
WMAT.L has a 0.30% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Return for Risk
WMAT.L vs. IWVL.L — Risk / Return Rank
WMAT.L
IWVL.L
WMAT.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Materials UCITS ETF (WMAT.L) 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.
| WMAT.L | IWVL.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.11 | -0.54 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.70 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.78 | -0.88 |
Martin ratioReturn relative to average drawdown | 7.81 | 12.34 | -4.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WMAT.L | IWVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.11 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.72 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.48 | +0.07 |
Correlation
The correlation between WMAT.L and IWVL.L is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WMAT.L vs. IWVL.L - Dividend Comparison
Neither WMAT.L nor IWVL.L has paid dividends to shareholders.
Drawdowns
WMAT.L vs. IWVL.L - Drawdown Comparison
The maximum WMAT.L drawdown since its inception was -38.35%, roughly equal to the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for WMAT.L and IWVL.L.
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Drawdown Indicators
| WMAT.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -39.30% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -12.04% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -26.55% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -10.45% | -8.74% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -7.60% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 2.71% | +1.06% |
Volatility
WMAT.L vs. IWVL.L - Volatility Comparison
SPDR MSCI World Materials UCITS ETF (WMAT.L) has a higher volatility of 8.99% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 6.77%. This indicates that WMAT.L'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.
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Volatility by Period
| WMAT.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 6.77% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 10.39% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 16.16% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 15.60% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 16.81% | +2.54% |