WOOD.L vs. MVOL.L
WOOD.L (iShares Global Timber & Forestry UCITS ETF USD (Dist)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds from iShares - WOOD.L tracks the S&P Global Timber & Forestry Index (Net) while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, WOOD.L returned 4.62%/yr vs 6.55%/yr for MVOL.L. A 0.53 correlation means they provide meaningful diversification when combined. WOOD.L charges 0.65%/yr vs 0.35%/yr for MVOL.L.
Performance
WOOD.L vs. MVOL.L - Performance Comparison
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Different Trading Currencies
WOOD.L is traded in GBp, while MVOL.L is traded in USD. To make them comparable, the MVOL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WOOD.L achieves a -4.05% return, which is significantly lower than MVOL.L's 2.74% return. Over the past 10 years, WOOD.L has underperformed MVOL.L with an annualized return of 4.62%, while MVOL.L has yielded a comparatively higher 6.55% 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%
MVOL.L
- 1D
- 0.82%
- 1M
- 0.73%
- 6M
- 2.28%
- YTD
- 2.74%
- 1Y
- 4.39%
- 3Y*
- 8.03%
- 5Y*
- 5.58%
- 10Y*
- 6.55%
WOOD.L vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 2.74% | 3.11% | 13.02% | 1.92% | 1.12% | 15.73% | -0.45% | 17.90% | 3.39% | 7.24% |
Correlation
The correlation between WOOD.L and MVOL.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.53 |
Over the past year, the correlation between WOOD.L and MVOL.L has dropped to 0.30 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
WOOD.L vs. MVOL.L — Risk / Return Rank
WOOD.L
MVOL.L
WOOD.L vs. MVOL.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 (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.09 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.74 | -0.98 |
| Martin ratioReturn relative to average drawdown | -0.47 | 1.79 | -2.26 |
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Drawdowns
WOOD.L vs. MVOL.L - Drawdown Comparison
The maximum WOOD.L drawdown since its inception was -76.03%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for WOOD.L and MVOL.L.
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Drawdown Indicators
| WOOD.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -20.24% | -55.79% |
Max Drawdown (1Y)Largest decline over 1 year | -20.56% | -5.89% | -14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.68% | -8.79% | -16.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | -10.44% | -18.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.38% | -20.24% | -22.14% |
Current DrawdownCurrent decline from peak | -24.38% | -1.82% | -22.56% |
Average DrawdownAverage peak-to-trough decline | -28.49% | -3.61% | -24.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.30% | 2.45% | +7.85% |
Volatility
WOOD.L vs. MVOL.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 (MVOL.L) at 3.45%. This indicates that WOOD.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WOOD.L | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 3.45% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 7.47% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 9.22% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 10.71% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 12.18% | +6.01% |
WOOD.L vs. MVOL.L - Expense Ratio Comparison
WOOD.L has a 0.65% expense ratio, which is higher than MVOL.L's 0.35% expense ratio.
Dividends
WOOD.L vs. MVOL.L - Dividend Comparison
WOOD.L's dividend yield for the trailing twelve months is around 2.82%, while MVOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 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
WOOD.L and MVOL.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.65% for WOOD.L.
WOOD.L tracks S&P Global Timber & Forestry Index (Net), while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.65% for WOOD.L and 0.35% for MVOL.L.
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