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XDEV.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDEV.L vs. IWVL.L

Last updated Jun 5, 2026

XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - XDEV.L tracks the MSCI ACWI Value NR USD while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, XDEV.L returned 13.44%/yr vs 13.70%/yr for IWVL.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

XDEV.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDEV.L is traded in GBp, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XDEV.L having a 34.49% return and IWVL.L slightly higher at 34.84%. Both investments have delivered pretty close results over the past 10 years, with XDEV.L having a 13.44% annualized return and IWVL.L not far ahead at 13.70%.

XDEV.L

1D
-0.91%
1M
13.12%
YTD
34.49%
6M
37.39%
1Y
67.77%
3Y*
26.92%
5Y*
17.53%
10Y*
13.44%

IWVL.L

1D
-0.65%
1M
13.25%
YTD
34.84%
6M
37.26%
1Y
67.93%
3Y*
27.08%
5Y*
17.54%
10Y*
13.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEV.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDEV.L
Xtrackers MSCI World Value Factor UCITS ETF 1C		34.49%30.51%6.79%13.25%1.01%21.67%-6.88%14.56%-9.23%11.91%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		34.84%30.41%6.96%13.56%0.94%21.25%-6.50%13.64%-8.94%12.00%

Correlation

The correlation between XDEV.L and IWVL.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2014

0.91

The correlation between XDEV.L and IWVL.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

XDEV.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
XDEV.L
IWVL.L

Technology

33.9%
33.9%

Financial Services

14.8%
14.8%

Industrials

11.4%
11.3%

Healthcare

8.8%
8.8%

Consumer Cyclical

7.9%
7.9%

Communication Services

7.5%
7.6%

Consumer Defensive

4.5%
4.5%

Energy

3.8%
3.8%

Basic Materials

3.0%
3.0%

Utilities

2.6%
2.5%

Real Estate

1.8%
1.8%

Technology

XDEV.L
33.9%
IWVL.L
33.9%

Financial Services

XDEV.L
14.8%
IWVL.L
14.8%

Industrials

XDEV.L
11.4%
IWVL.L
11.3%

Healthcare

XDEV.L
8.8%
IWVL.L
8.8%

Consumer Cyclical

XDEV.L
7.9%
IWVL.L
7.9%

Communication Services

XDEV.L
7.5%
IWVL.L
7.6%

Consumer Defensive

XDEV.L
4.5%
IWVL.L
4.5%

Energy

XDEV.L
3.8%
IWVL.L
3.8%

Basic Materials

XDEV.L
3.0%
IWVL.L
3.0%

Utilities

XDEV.L
2.6%
IWVL.L
2.5%

Real Estate

XDEV.L
1.8%
IWVL.L
1.8%

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Xtrackers MSCI World Value Factor UCITS ETF 1C

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

Often compared with XDEV.L:
XDEV.L vs. XDEM.LXDEV.L vs. VWCE.DEXDEV.L vs. XDEQ.LXDEV.L vs. JPGL.LXDEV.L vs. IWVG.LXDEV.L vs. NASL.LXDEV.L vs. FRXT.L
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

XDEV.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDEV.L
XDEV.L Risk / Return Rank: 9797
Overall Rank
XDEV.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDEV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDEV.L Omega Ratio Rank: 9797
Omega Ratio Rank
XDEV.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
XDEV.L Martin Ratio Rank: 9696
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
Martin Ratio Rank
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.

XDEV.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.

XDEV.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
5.07
4.57

+0.50

Sortino ratioReturn per unit of downside risk
6.87
6.12

+0.75

Omega ratioGain probability vs. loss probability

1.97

1.85

+0.11

Calmar ratioReturn relative to maximum drawdown

9.75

8.65

+1.10

Martin ratioReturn relative to average drawdown

37.53

36.16

+1.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDEV.L vs. IWVL.L - Sharpe Ratio Comparison

The current XDEV.L Sharpe Ratio is 5.07, which is comparable to the IWVL.L Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of XDEV.L and IWVL.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.

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Sharpe Ratios by Period

XDEV.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.07

4.57

+0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.33

1.22

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.85

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.75

+0.11

Drawdowns

XDEV.L vs. IWVL.L - Drawdown Comparison

The maximum XDEV.L drawdown since its inception was -28.20%, roughly equal to the maximum IWVL.L drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for XDEV.L and IWVL.L.

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Drawdown Indicators

XDEV.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.20%

-28.56%

+0.36%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-7.82%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-14.00%

-14.14%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-14.00%

-14.14%

+0.14%

Max Drawdown (10Y)

Largest decline over 10 years

-28.20%

-28.56%

+0.36%

Current Drawdown

Current decline from peak

-0.91%

-0.65%

-0.26%

Average Drawdown

Average peak-to-trough decline

-4.35%

-4.52%

+0.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

1.87%

-0.07%

Volatility

XDEV.L vs. IWVL.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) is 5.42%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.16%. This indicates that XDEV.L experiences smaller price fluctuations and is considered to be less risky 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

XDEV.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.42%

6.16%

-0.74%

Volatility (6M)

Calculated over the trailing 6-month period

10.84%

12.58%

-1.74%

Volatility (1Y)

Calculated over the trailing 1-year period

13.30%

14.78%

-1.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

14.34%

-1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

16.05%

-1.01%

XDEV.L vs. IWVL.L - Expense Ratio Comparison

Both XDEV.L and IWVL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDEV.L vs. IWVL.L - Dividend Comparison

Neither XDEV.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.91, XDEV.L and IWVL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XDEV.L and IWVL.L have the same expense ratio: 0.25% per year.

XDEV.L tracks MSCI ACWI Value NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: DWS and iShares.

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