WMVG.L vs. XWLD.L

Last updated Jun 4, 2026

WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) and XWLD.L (Xtrackers MSCI World UCITS ETF 1C) are both Global Equities funds - WMVG.L tracks the MSCI World Minimum Volatility while XWLD.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, WMVG.L returned 6.15%/yr vs 13.05%/yr for XWLD.L. A 0.63 correlation means they provide meaningful diversification when combined. WMVG.L charges 0.35%/yr vs 0.19%/yr for XWLD.L.

Performance

WMVG.L vs. XWLD.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 Xtrackers MSCI World UCITS ETF 1C (XWLD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WMVG.L is traded in GBP, while XWLD.L is traded in GBp. To make them comparable, the XWLD.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 1.22% return, which is significantly lower than XWLD.L's 10.15% return.

WMVG.L

• 1D: 0.06%
• 1M: 0.30%
• YTD: 1.22%
• 6M: 1.94%
• 1Y: 2.85%
• 3Y*: 9.88%
• 5Y*: 6.15%
• 10Y*: —

XWLD.L

• 1D: -0.18%
• 1M: 5.34%
• YTD: 10.15%
• 6M: 10.59%
• 1Y: 27.36%
• 3Y*: 17.87%
• 5Y*: 13.05%
• 10Y*: 14.07%

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

WMVG.L vs. XWLD.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)	1.22%	9.08%	14.49%	7.33%	-8.31%	16.96%	-1.30%	11.65%
XWLD.L Xtrackers MSCI World UCITS ETF 1C	10.15%	12.59%	21.09%	17.58%	-8.42%	23.71%	12.15%	15.42%

Correlation

The correlation between WMVG.L and XWLD.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Mar 1, 2019	0.63

Over the past year, the correlation between WMVG.L and XWLD.L has dropped to 0.31 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

WMVG.L vs. XWLD.L - Sectors Allocation Comparison

Sectors	WMVG.L	XWLD.L
Technology	20.1%	28.3%
Financial Services	14.0%	15.7%
Healthcare	13.8%	8.8%
Communication Services	12.1%	9.3%
Consumer Defensive	10.9%	5.2%
Industrials	9.2%	11.4%
Utilities	8.0%	2.7%
Consumer Cyclical	5.6%	9.3%
Energy	4.5%	4.2%
Basic Materials	1.1%	3.3%
Real Estate	0.7%	1.9%

Return for Risk

WMVG.L vs. XWLD.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: 15
WMVG.L Sharpe Ratio Rank: 15
WMVG.L Sortino Ratio Rank: 14
WMVG.L Omega Ratio Rank: 13
WMVG.L Calmar Ratio Rank: 16
WMVG.L Martin Ratio Rank: 16

XWLD.L

XWLD.L Risk / Return Rank: 82
XWLD.L Sharpe Ratio Rank: 82
XWLD.L Sortino Ratio Rank: 82
XWLD.L Omega Ratio Rank: 83
XWLD.L Calmar Ratio Rank: 81
XWLD.L Martin Ratio Rank: 82

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. XWLD.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 Xtrackers MSCI World UCITS ETF 1C (XWLD.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.L	XWLD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.39	2.68	-2.29
Sortino ratio: Return per unit of downside risk	0.59	3.66	-3.07
Omega ratio: Gain probability vs. loss probability	1.07	1.51	-0.44
Calmar ratio: Return relative to maximum drawdown	0.57	4.16	-3.59
Martin ratio: Return relative to average drawdown	1.42	16.46	-15.03
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. XWLD.L - Sharpe Ratio Comparison

The current WMVG.L Sharpe Ratio is 0.39, which is lower than the XWLD.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of WMVG.L and XWLD.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.

Sharpe Ratios by Period

	WMVG.L	XWLD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	2.68	-2.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.98	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.90	-0.35

Drawdowns

WMVG.L vs. XWLD.L - Drawdown Comparison

The maximum WMVG.L drawdown since its inception was -28.25%, which is greater than XWLD.L's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for WMVG.L and XWLD.L.

Drawdown Indicators

	WMVG.L	XWLD.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.25%	-26.62%	-1.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.99%	-6.55%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-9.09%	-19.00%	+9.91%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-19.00%	+3.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.62%	—
Current Drawdown Current decline from peak	-3.30%	-0.18%	-3.12%
Average Drawdown Average peak-to-trough decline	-4.12%	-3.39%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.66%	+0.34%

Volatility

WMVG.L vs. XWLD.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) is 2.29%, while Xtrackers MSCI World UCITS ETF 1C (XWLD.L) has a volatility of 2.50%. This indicates that WMVG.L experiences smaller price fluctuations and is considered to be less risky than XWLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMVG.L	XWLD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.50%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	5.05%	7.29%	-2.24%
Volatility (1Y) Calculated over the trailing 1-year period	7.21%	10.20%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.95%	13.27%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	14.57%	-2.43%

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

WMVG.L has a 0.35% expense ratio, which is higher than XWLD.L's 0.19% expense ratio.

Dividends

WMVG.L vs. XWLD.L - Dividend Comparison

Neither WMVG.L nor XWLD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WMVG.L and XWLD.L in my portfolio?

WMVG.L and XWLD.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WMVG.L or XWLD.L?

On fees, XWLD.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WMVG.L or XWLD.L?

XWLD.L is cheaper with a 0.19% expense ratio, compared with 0.35% for WMVG.L.

What is the main difference between WMVG.L and XWLD.L?

WMVG.L tracks MSCI World Minimum Volatility, while XWLD.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.35% for WMVG.L and 0.19% for XWLD.L.