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

WMVG.L vs. PQVG.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) and Invesco S&P 500 QVM UCITS ETF (PQVG.L).

WMVG.L and PQVG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WMVG.L is a passively managed fund by iShares that tracks the performance of the MSCI World Minimum Volatility. It was launched on Feb 26, 2019. PQVG.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return). It was launched on May 18, 2017. Both WMVG.L and PQVG.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

WMVG.L vs. PQVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) and Invesco S&P 500 QVM UCITS ETF (PQVG.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
WMVG.L
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)		0.10%9.08%14.49%7.33%-8.31%16.96%-1.30%11.65%
PQVG.L
Invesco S&P 500 QVM UCITS ETF		4.63%5.84%32.29%0.98%12.54%27.78%4.44%14.67%
Different Trading Currencies

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

Returns By Period

In the year-to-date period, WMVG.L achieves a 0.10% return, which is significantly lower than PQVG.L's 4.63% return.

WMVG.L

1D
0.04%
1M
-4.37%
YTD
0.10%
6M
1.24%
1Y
2.38%
3Y*
9.74%
5Y*
6.73%
10Y*
—

PQVG.L

1D
0.07%
1M
-2.75%
YTD
4.63%
6M
5.12%
1Y
13.21%
3Y*
15.83%
5Y*
14.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

Invesco S&P 500 QVM UCITS ETF

Often compared with WMVG.L:
WMVG.L vs. MVUS.LWMVG.L vs. MINV.LWMVG.L vs. MVEW.LWMVG.L vs. VSCGXWMVG.L vs. AVGC.LWMVG.L vs. VWRA.LWMVG.L vs. SSAC.L
Often compared with PQVG.L:
PQVG.L vs. IQSA.LPQVG.L vs. SPPY.DEPQVG.L vs. SPMOPQVG.L vs. TSGB.LPQVG.L vs. CSPX.LPQVG.L vs. DYNFPQVG.L vs. FFLC

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

Both WMVG.L and PQVG.L have an expense ratio of 0.35%.

WMVG.L
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)
PQVG.L
Invesco S&P 500 QVM UCITS ETF

Return for Risk

WMVG.L vs. PQVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WMVG.L
WMVG.L Risk / Return Rank: 1717
Overall Rank
WMVG.L Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
WMVG.L Sortino Ratio Rank: 1616
Sortino Ratio Rank
WMVG.L Omega Ratio Rank: 1717
Omega Ratio Rank
WMVG.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
WMVG.L Martin Ratio Rank: 1919
Martin Ratio Rank
PQVG.L
PQVG.L Risk / Return Rank: 5151
Overall Rank
PQVG.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
PQVG.L Sortino Ratio Rank: 5252
Sortino Ratio Rank
PQVG.L Omega Ratio Rank: 5050
Omega Ratio Rank
PQVG.L Calmar Ratio Rank: 4848
Calmar Ratio Rank
PQVG.L Martin Ratio Rank: 5555
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.

WMVG.L vs. PQVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) and Invesco S&P 500 QVM UCITS ETF (PQVG.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.

WMVG.LPQVG.LDifference

Sharpe ratio

Return per unit of total volatility

0.22

0.93

-0.70

Sortino ratio

Return per unit of downside risk

0.36

1.36

-0.99

Omega ratio

Gain probability vs. loss probability

1.06

1.18

-0.13

Calmar ratio

Return relative to maximum drawdown

0.20

1.19

-0.99

Martin ratio

Return relative to average drawdown

0.97

5.23

-4.26

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

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

The current WMVG.L Sharpe Ratio is 0.22, which is lower than the PQVG.L Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of WMVG.L and PQVG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WMVG.LPQVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.22

0.93

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

1.00

-0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.82

-0.27

Correlation

The correlation between WMVG.L and PQVG.L is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WMVG.L vs. PQVG.L - Dividend Comparison

WMVG.L has not paid dividends to shareholders, while PQVG.L's dividend yield for the trailing twelve months is around 0.86%.

TTM202520242023202220212020201920182017
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%
PQVG.L
Invesco S&P 500 QVM UCITS ETF		0.86%0.82%0.82%1.61%1.77%0.87%1.59%1.41%1.30%0.72%

Drawdowns

WMVG.L vs. PQVG.L - Drawdown Comparison

The maximum WMVG.L drawdown since its inception was -28.25%, which is greater than PQVG.L's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for WMVG.L and PQVG.L.

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Drawdown Indicators

WMVG.LPQVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.25%

-25.88%

-2.37%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-10.27%

+1.38%

Max Drawdown (5Y)

Largest decline over 5 years

-15.18%

-17.44%

+2.26%

Current Drawdown

Current decline from peak

-4.37%

-3.43%

-0.94%

Average Drawdown

Average peak-to-trough decline

-4.13%

-4.24%

+0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

2.33%

-0.53%

Volatility

WMVG.L vs. PQVG.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) is 2.77%, while Invesco S&P 500 QVM UCITS ETF (PQVG.L) has a volatility of 3.53%. This indicates that WMVG.L experiences smaller price fluctuations and is considered to be less risky than PQVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WMVG.LPQVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.77%

3.53%

-0.76%

Volatility (6M)

Calculated over the trailing 6-month period

5.10%

8.06%

-2.96%

Volatility (1Y)

Calculated over the trailing 1-year period

10.70%

14.20%

-3.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.97%

14.94%

-4.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.23%

16.34%

-4.11%