WNDY.L vs. IWVL.L
WNDY.L (Global X Wind Energy UCITS ETF USD (Acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - WNDY.L tracks the Solactive Wind Energy v2 Index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 3 years, WNDY.L returned -1.62%/yr vs 25.54%/yr for IWVL.L. A 0.54 correlation means they provide meaningful diversification when combined. WNDY.L charges 0.50%/yr vs 0.25%/yr for IWVL.L.
Performance
WNDY.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, WNDY.L achieves a 0.09% return, which is significantly lower than IWVL.L's 27.44% return.
WNDY.L
- 1D
- -0.62%
- 1M
- -10.14%
- 6M
- -7.15%
- YTD
- 0.09%
- 1Y
- 16.74%
- 3Y*
- -1.62%
- 5Y*
- —
- 10Y*
- —
IWVL.L
- 1D
- -0.51%
- 1M
- -5.00%
- 6M
- 23.16%
- YTD
- 27.44%
- 1Y
- 54.19%
- 3Y*
- 25.54%
- 5Y*
- 16.15%
- 10Y*
- 12.31%
WNDY.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WNDY.L Global X Wind Energy UCITS ETF USD (Acc) | 0.09% | 32.58% | -20.21% | -19.30% | -12.05% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 27.44% | 40.42% | 5.13% | 19.53% | -11.43% |
Correlation
The correlation between WNDY.L and IWVL.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.54 |
The correlation between WNDY.L and IWVL.L has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
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Return for Risk
WNDY.L vs. IWVL.L — Risk / Return Rank
WNDY.L
IWVL.L
WNDY.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Wind Energy UCITS ETF USD (Acc) (WNDY.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.
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.
| WNDY.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.56 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 6.17 | -5.43 |
| Martin ratioReturn relative to average drawdown | 2.49 | 20.77 | -18.28 |
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Drawdowns
WNDY.L vs. IWVL.L - Drawdown Comparison
The maximum WNDY.L drawdown since its inception was -52.51%, which is greater than IWVL.L's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for WNDY.L and IWVL.L.
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Drawdown Indicators
| WNDY.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -39.30% | -13.21% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -8.74% | -13.65% |
Max Drawdown (3Y)Largest decline over 3 years | -35.99% | -14.46% | -21.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -29.90% | -5.96% | -23.94% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -7.44% | -22.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 2.60% | +4.12% |
Volatility
WNDY.L vs. IWVL.L - Volatility Comparison
Global X Wind Energy UCITS ETF USD (Acc) (WNDY.L) has a higher volatility of 8.14% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 6.01%. This indicates that WNDY.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
| WNDY.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 6.01% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 14.90% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 17.03% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 16.28% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 16.90% | +6.18% |
WNDY.L vs. IWVL.L - Expense Ratio Comparison
WNDY.L has a 0.50% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
WNDY.L vs. IWVL.L - Dividend Comparison
Neither WNDY.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
WNDY.L and IWVL.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.50% for WNDY.L.
WNDY.L tracks Solactive Wind Energy v2 Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for WNDY.L and 0.25% for IWVL.L.
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