WMVG.L vs. ROLG.L
WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both exchange-traded funds - WMVG.L is a Global Equities fund tracking the MSCI World Minimum Volatility, while ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, WMVG.L returned 5.98%/yr vs 12.75%/yr for ROLG.L. At a 0.02 correlation, their price movements are largely independent. WMVG.L charges 0.35%/yr vs 0.28%/yr for ROLG.L.
Performance
WMVG.L vs. ROLG.L - Performance Comparison
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Returns By Period
In the year-to-date period, WMVG.L achieves a 1.26% return, which is significantly lower than ROLG.L's 17.97% return.
WMVG.L
- 1D
- 0.75%
- 1M
- -0.99%
- YTD
- 1.26%
- 6M
- 1.39%
- 1Y
- 3.61%
- 3Y*
- 9.64%
- 5Y*
- 5.98%
- 10Y*
- —
ROLG.L
- 1D
- -1.69%
- 1M
- -9.69%
- YTD
- 17.97%
- 6M
- 16.69%
- 1Y
- 31.76%
- 3Y*
- 11.75%
- 5Y*
- 12.75%
- 10Y*
- —
WMVG.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 1.26% | 9.07% | 14.47% | 7.36% | -8.31% | 16.96% | -1.30% | 11.93% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 17.97% | 8.66% | 6.32% | -7.36% | 30.51% | 29.23% | -2.41% | 0.37% |
Correlation
The correlation between WMVG.L and ROLG.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.02 |
The correlation between WMVG.L and ROLG.L shifts across timeframes, from -0.17 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WMVG.L vs. ROLG.L — Risk / Return Rank
WMVG.L
ROLG.L
WMVG.L vs. ROLG.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 iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| WMVG.L | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.68 | -1.95 |
| Martin ratioReturn relative to average drawdown | 1.68 | 11.91 | -10.24 |
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Drawdowns
WMVG.L vs. ROLG.L - Drawdown Comparison
The maximum WMVG.L drawdown since its inception was -28.25%, smaller than the maximum ROLG.L drawdown of -40.64%. Use the drawdown chart below to compare losses from any high point for WMVG.L and ROLG.L.
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Drawdown Indicators
| WMVG.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.25% | -40.64% | +12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -11.80% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.07% | -25.00% | +15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -25.00% | +9.82% |
Current DrawdownCurrent decline from peak | -3.25% | -11.80% | +8.55% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -18.42% | +14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.66% | -0.51% |
Volatility
WMVG.L vs. ROLG.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) is 2.00%, while iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 4.71%. This indicates that WMVG.L experiences smaller price fluctuations and is considered to be less risky than ROLG.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.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 4.71% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 14.49% | -9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.44% | 16.92% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.99% | 22.19% | -12.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.13% | 21.68% | -9.55% |
WMVG.L vs. ROLG.L - Expense Ratio Comparison
WMVG.L has a 0.35% expense ratio, which is higher than ROLG.L's 0.28% expense ratio.
Dividends
WMVG.L vs. ROLG.L - Dividend Comparison
Neither WMVG.L nor ROLG.L has paid dividends to shareholders.
Frequently Asked Questions
WMVG.L and ROLG.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.35% for WMVG.L.
WMVG.L is categorized as Global Equities, while ROLG.L is Commodities. WMVG.L tracks MSCI World Minimum Volatility, while ROLG.L tracks Bloomberg Roll Select Commodity. Their fees differ too: 0.35% for WMVG.L and 0.28% for ROLG.L.
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