WOOD.L vs. IWFV.L

Last updated Jul 17, 2026

WOOD.L (iShares Global Timber & Forestry UCITS ETF USD (Dist)) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds from iShares - WOOD.L tracks the S&P Global Timber & Forestry Index (Net) while IWFV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, WOOD.L returned 4.77%/yr vs 12.06%/yr for IWFV.L. A 0.72 correlation means they provide meaningful diversification when combined. WOOD.L charges 0.65%/yr vs 0.30%/yr for IWFV.L.

Performance

WOOD.L vs. IWFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WOOD.L achieves a -3.90% return, which is significantly lower than IWFV.L's 27.74% return. Over the past 10 years, WOOD.L has underperformed IWFV.L with an annualized return of 4.77%, while IWFV.L has yielded a comparatively higher 12.06% annualized return.

WOOD.L

• 1D: 1.83%
• 1M: 0.77%
• 6M: -10.31%
• YTD: -3.90%
• 1Y: -4.38%
• 3Y*: -1.90%
• 5Y*: -2.66%
• 10Y*: 4.77%

IWFV.L

• 1D: -0.24%
• 1M: -5.28%
• 6M: 22.71%
• YTD: 27.74%
• 1Y: 53.97%
• 3Y*: 24.39%
• 5Y*: 16.75%
• 10Y*: 12.06%

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

WOOD.L vs. IWFV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist)	-3.90%	-9.97%	-3.72%	7.19%	-8.92%	16.76%	16.74%	14.91%	-15.41%	20.95%
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF	27.74%	30.69%	6.85%	13.02%	0.95%	21.60%	-6.91%	14.69%	-9.34%	12.04%

Correlation

The correlation between WOOD.L and IWFV.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014	0.72

Over the past year, the correlation between WOOD.L and IWFV.L has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

WOOD.L vs. IWFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WOOD.L

WOOD.L Risk / Return Rank: 7
WOOD.L Sharpe Ratio Rank: 7
WOOD.L Sortino Ratio Rank: 7
WOOD.L Omega Ratio Rank: 7
WOOD.L Calmar Ratio Rank: 8
WOOD.L Martin Ratio Rank: 8

IWFV.L

IWFV.L Risk / Return Rank: 96
IWFV.L Sharpe Ratio Rank: 97
IWFV.L Sortino Ratio Rank: 96
IWFV.L Omega Ratio Rank: 96
IWFV.L Calmar Ratio Rank: 97
IWFV.L Martin Ratio Rank: 96

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.

WOOD.L vs. IWFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) and iShares Edge MSCI World Value Factor UCITS ETF (IWFV.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.

	WOOD.L	IWFV.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	3.60	-3.85
Sortino ratio: Return per unit of downside risk	-0.24	4.81	-5.05
Omega ratio: Gain probability vs. loss probability	0.97	1.65	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.21	7.59	-7.80
Martin ratio: Return relative to average drawdown	-0.43	23.93	-24.36

WOOD.L vs. IWFV.L - Sharpe Ratio Comparison

The current WOOD.L Sharpe Ratio is -0.25, which is lower than the IWFV.L Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of WOOD.L and IWFV.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.

Drawdowns

WOOD.L vs. IWFV.L - Drawdown Comparison

The maximum WOOD.L drawdown since its inception was -76.03%, which is greater than IWFV.L's maximum drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for WOOD.L and IWFV.L.

Drawdown Indicators

	WOOD.L	IWFV.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.03%	-42.78%	-33.25%
Max Drawdown (1Y) Largest decline over 1 year	-20.56%	-7.08%	-13.48%
Max Drawdown (3Y) Largest decline over 3 years	-25.68%	-19.86%	-5.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.40%	-19.86%	-9.54%
Max Drawdown (10Y) Largest decline over 10 years	-42.38%	-28.79%	-13.59%
Current Drawdown Current decline from peak	-24.26%	-7.02%	-17.24%
Average Drawdown Average peak-to-trough decline	-28.50%	-11.20%	-17.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.26%	2.25%	+8.01%

Volatility

WOOD.L vs. IWFV.L - Volatility Comparison

The current volatility for iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) is 5.39%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.71%. This indicates that WOOD.L experiences smaller price fluctuations and is considered to be less risky than IWFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WOOD.L	IWFV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	5.71%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	13.15%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	14.94%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	19.04%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	17.94%	+0.25%

WOOD.L vs. IWFV.L - Expense Ratio Comparison

WOOD.L has a 0.65% expense ratio, which is higher than IWFV.L's 0.30% expense ratio.

Dividends

WOOD.L vs. IWFV.L - Dividend Comparison

WOOD.L's dividend yield for the trailing twelve months is around 2.81%, while IWFV.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist)	2.81%	3.27%	2.47%	2.76%	2.98%	1.40%	1.25%	2.67%	0.00%	0.91%	1.81%	1.86%

Frequently Asked Questions

Can I hold both WOOD.L and IWFV.L in my portfolio?

WOOD.L and IWFV.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WOOD.L or IWFV.L?

On fees, IWFV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WOOD.L or IWFV.L?

IWFV.L is cheaper with a 0.30% expense ratio, compared with 0.65% for WOOD.L.

What is the main difference between WOOD.L and IWFV.L?

WOOD.L tracks S&P Global Timber & Forestry Index (Net), while IWFV.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.65% for WOOD.L and 0.30% for IWFV.L.