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

XDEV.L vs. MINV.L

Last updated Jun 5, 2026

XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both Global Equities funds - XDEV.L tracks the MSCI ACWI Value NR USD while MINV.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XDEV.L returned 13.44%/yr vs 7.86%/yr for MINV.L. A 0.69 correlation means they provide meaningful diversification when combined. XDEV.L charges 0.25%/yr vs 0.35%/yr for MINV.L.

Performance

XDEV.L vs. MINV.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 Minimum Volatility UCITS ETF (MINV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XDEV.L achieves a 34.49% return, which is significantly higher than MINV.L's 1.01% return. Over the past 10 years, XDEV.L has outperformed MINV.L with an annualized return of 13.44%, while MINV.L has yielded a comparatively lower 7.86% annualized return.

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%

MINV.L

1D
0.15%
1M
1.83%
YTD
1.01%
6M
0.93%
1Y
2.57%
3Y*
6.54%
5Y*
6.32%
10Y*
7.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEV.L vs. MINV.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%
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		1.01%3.37%12.86%1.50%1.23%15.98%-1.05%18.84%3.17%7.00%

Correlation

The correlation between XDEV.L and MINV.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.47

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

0.54

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

0.66

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

0.69

Over the past year, the correlation between XDEV.L and MINV.L has dropped to 0.27 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

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

Sectors
XDEV.L
MINV.L

Technology

33.9%
21.3%

Financial Services

14.8%
14.2%

Industrials

11.4%
9.1%

Healthcare

8.8%
13.6%

Consumer Cyclical

7.9%
5.4%

Communication Services

7.5%
11.9%

Consumer Defensive

4.5%
10.8%

Energy

3.8%
4.2%

Basic Materials

3.0%
1.0%

Utilities

2.6%
7.7%

Real Estate

1.8%
0.7%

Technology

XDEV.L
33.9%
MINV.L
21.3%

Financial Services

XDEV.L
14.8%
MINV.L
14.2%

Industrials

XDEV.L
11.4%
MINV.L
9.1%

Healthcare

XDEV.L
8.8%
MINV.L
13.6%

Consumer Cyclical

XDEV.L
7.9%
MINV.L
5.4%

Communication Services

XDEV.L
7.5%
MINV.L
11.9%

Consumer Defensive

XDEV.L
4.5%
MINV.L
10.8%

Energy

XDEV.L
3.8%
MINV.L
4.2%

Basic Materials

XDEV.L
3.0%
MINV.L
1.0%

Utilities

XDEV.L
2.6%
MINV.L
7.7%

Real Estate

XDEV.L
1.8%
MINV.L
0.7%

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Xtrackers MSCI World Value Factor UCITS ETF 1C

iShares Edge MSCI World Minimum Volatility UCITS ETF

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 MINV.L:
MINV.L vs. MVEW.LMINV.L vs. CSH2.LMINV.L vs. FULVXMINV.L vs. MVEA.LMINV.L vs. SPYMINV.L vs. VOOMINV.L vs. AOR

Return for Risk

XDEV.L vs. MINV.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
MINV.L
MINV.L Risk / Return Rank: 1414
Overall Rank
MINV.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
MINV.L Sortino Ratio Rank: 1313
Sortino Ratio Rank
MINV.L Omega Ratio Rank: 1313
Omega Ratio Rank
MINV.L Calmar Ratio Rank: 1414
Calmar Ratio Rank
MINV.L Martin Ratio Rank: 1414
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. MINV.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 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.

XDEV.LMINV.LDifference
Sharpe ratioReturn per unit of total volatility
5.07
0.32

+4.75

Sortino ratioReturn per unit of downside risk
6.87
0.53

+6.34

Omega ratioGain probability vs. loss probability

1.97

1.06

+0.91

Calmar ratioReturn relative to maximum drawdown

9.75

0.41

+9.34

Martin ratioReturn relative to average drawdown

37.53

1.10

+36.43

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. MINV.L - Sharpe Ratio Comparison

The current XDEV.L Sharpe Ratio is 5.07, which is higher than the MINV.L Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of XDEV.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.

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Sharpe Ratios by Period

XDEV.LMINV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.07

0.32

+4.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.33

0.65

+0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.66

+0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.83

+0.03

Drawdowns

XDEV.L vs. MINV.L - Drawdown Comparison

The maximum XDEV.L drawdown since its inception was -28.20%, which is greater than MINV.L's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for XDEV.L and MINV.L.

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Drawdown Indicators

XDEV.LMINV.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.20%

-20.38%

-7.82%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-6.31%

-0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-14.00%

-8.47%

-5.53%

Max Drawdown (5Y)

Largest decline over 5 years

-14.00%

-10.23%

-3.77%

Max Drawdown (10Y)

Largest decline over 10 years

-28.20%

-20.38%

-7.82%

Current Drawdown

Current decline from peak

-0.91%

-3.60%

+2.69%

Average Drawdown

Average peak-to-trough decline

-4.35%

-3.74%

-0.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

2.33%

-0.53%

Volatility

XDEV.L vs. MINV.L - Volatility Comparison

Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a higher volatility of 5.42% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) at 2.55%. This indicates that XDEV.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.

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Volatility by Period

XDEV.LMINV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.42%

2.55%

+2.87%

Volatility (6M)

Calculated over the trailing 6-month period

10.84%

5.92%

+4.92%

Volatility (1Y)

Calculated over the trailing 1-year period

13.30%

7.92%

+5.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

9.70%

+3.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

11.85%

+3.19%

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

XDEV.L has a 0.25% expense ratio, which is lower than MINV.L's 0.35% expense ratio.

Dividends

XDEV.L vs. MINV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

XDEV.L and MINV.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MINV.L.

XDEV.L tracks MSCI ACWI Value NR USD, while MINV.L tracks MSCI ACWI NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.25% for XDEV.L and 0.35% for MINV.L.

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