WOOD.L vs. MINV.L

Last updated Jul 18, 2026

WOOD.L (iShares Global Timber & Forestry UCITS ETF USD (Dist)) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both Global Equities funds from iShares - WOOD.L tracks the S&P Global Timber & Forestry Index (Net) while MINV.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, WOOD.L returned 4.62%/yr vs 6.58%/yr for MINV.L. A 0.56 correlation means they provide meaningful diversification when combined. WOOD.L charges 0.65%/yr vs 0.35%/yr for MINV.L.

Performance

WOOD.L vs. MINV.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 Minimum Volatility UCITS ETF (MINV.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 -4.05% return, which is significantly lower than MINV.L's 2.64% return. Over the past 10 years, WOOD.L has underperformed MINV.L with an annualized return of 4.62%, while MINV.L has yielded a comparatively higher 6.58% annualized return.

WOOD.L

• 1D: -0.16%
• 1M: 0.57%
• 6M: -9.86%
• YTD: -4.05%
• 1Y: -4.89%
• 3Y*: -2.36%
• 5Y*: -2.69%
• 10Y*: 4.62%

MINV.L

• 1D: 0.83%
• 1M: 1.50%
• 6M: 2.36%
• YTD: 2.64%
• 1Y: 4.28%
• 3Y*: 8.14%
• 5Y*: 5.62%
• 10Y*: 6.58%

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

WOOD.L vs. MINV.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)	-4.05%	-9.97%	-3.72%	7.19%	-8.92%	16.76%	16.74%	14.91%	-15.41%	20.95%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	2.64%	3.37%	12.86%	1.50%	1.23%	15.98%	-1.05%	18.84%	3.17%	7.00%

Correlation

The correlation between WOOD.L and MINV.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.56

Over the past year, the correlation between WOOD.L and MINV.L has dropped to 0.21 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

WOOD.L vs. MINV.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

MINV.L

MINV.L Risk / Return Rank: 19
MINV.L Sharpe Ratio Rank: 19
MINV.L Sortino Ratio Rank: 18
MINV.L Omega Ratio Rank: 17
MINV.L Calmar Ratio Rank: 20
MINV.L Martin Ratio Rank: 19

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. MINV.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 Minimum Volatility UCITS ETF (MINV.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	MINV.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	0.53	-0.81
Sortino ratio: Return per unit of downside risk	-0.29	0.82	-1.11
Omega ratio: Gain probability vs. loss probability	0.97	1.09	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.24	0.68	-0.91
Martin ratio: Return relative to average drawdown	-0.47	1.70	-2.17

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

The current WOOD.L Sharpe Ratio is -0.28, which is lower than the MINV.L Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of WOOD.L and MINV.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. MINV.L - Drawdown Comparison

The maximum WOOD.L drawdown since its inception was -76.03%, which is greater than MINV.L's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for WOOD.L and MINV.L.

Drawdown Indicators

	WOOD.L	MINV.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.03%	-39.64%	-36.39%
Max Drawdown (1Y) Largest decline over 1 year	-20.56%	-6.31%	-14.25%
Max Drawdown (3Y) Largest decline over 3 years	-25.68%	-20.10%	-5.58%
Max Drawdown (5Y) Largest decline over 5 years	-29.40%	-20.10%	-9.30%
Max Drawdown (10Y) Largest decline over 10 years	-42.38%	-20.38%	-22.00%
Current Drawdown Current decline from peak	-24.38%	-2.04%	-22.34%
Average Drawdown Average peak-to-trough decline	-28.49%	-8.62%	-19.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.30%	2.52%	+7.78%

Volatility

WOOD.L vs. MINV.L - Volatility Comparison

iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) has a higher volatility of 5.39% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) at 2.80%. This indicates that WOOD.L's price experiences larger fluctuations and is considered to be riskier than MINV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WOOD.L	MINV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	2.80%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	6.23%	+7.84%
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	8.14%	+9.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	16.99%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	15.18%	+3.01%

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

WOOD.L has a 0.65% expense ratio, which is higher than MINV.L's 0.35% expense ratio.

Dividends

WOOD.L vs. MINV.L - Dividend Comparison

WOOD.L's dividend yield for the trailing twelve months is around 2.82%, while MINV.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MINV.L iShares Edge MSCI World Minimum Volatility 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)	2.82%	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 MINV.L in my portfolio?

WOOD.L and MINV.L have a correlation of 0.21, 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 MINV.L?

On fees, MINV.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

MINV.L is cheaper with a 0.35% expense ratio, compared with 0.65% for WOOD.L.

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

WOOD.L tracks S&P Global Timber & Forestry Index (Net), while MINV.L tracks MSCI ACWI NR USD. Their fees differ too: 0.65% for WOOD.L and 0.35% for MINV.L.