XNZS.L vs. IWVG.L
XNZS.L (Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - XNZS.L tracks the MSCI ACWI NR USD while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, XNZS.L returned 15.36%/yr vs 25.28%/yr for IWVG.L. A 0.77 correlation means they provide meaningful diversification when combined. XNZS.L charges 0.19%/yr vs 0.30%/yr for IWVG.L.
Performance
XNZS.L vs. IWVG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XNZS.L achieves a 8.86% return, which is significantly lower than IWVG.L's 34.35% return.
XNZS.L
- 1D
- 0.16%
- 1M
- 3.83%
- YTD
- 8.86%
- 6M
- 8.67%
- 1Y
- 25.26%
- 3Y*
- 15.36%
- 5Y*
- —
- 10Y*
- —
IWVG.L
- 1D
- -0.61%
- 1M
- 11.20%
- YTD
- 34.35%
- 6M
- 35.38%
- 1Y
- 63.11%
- 3Y*
- 25.28%
- 5Y*
- 16.53%
- 10Y*
- —
XNZS.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNZS.L Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C | 8.86% | 11.91% | 17.28% | 17.73% | -1.03% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 34.35% | 27.50% | 5.20% | 13.05% | 4.52% |
Correlation
The correlation between XNZS.L and IWVG.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2022 | 0.77 |
The correlation between XNZS.L and IWVG.L has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XNZS.L vs. IWVG.L — Risk / Return Rank
XNZS.L
IWVG.L
XNZS.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZS.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.
| XNZS.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.88 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 8.95 | -5.86 |
| Martin ratioReturn relative to average drawdown | 12.87 | 33.30 | -20.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XNZS.L | IWVG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 4.70 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.73 | +0.22 |
Drawdowns
XNZS.L vs. IWVG.L - Drawdown Comparison
The maximum XNZS.L drawdown since its inception was -18.52%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for XNZS.L and IWVG.L.
Loading charts...
Drawdown Indicators
| XNZS.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.52% | -28.07% | +9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -7.02% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -13.79% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.79% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.61% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -4.31% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.89% | +0.08% |
Volatility
XNZS.L vs. IWVG.L - Volatility Comparison
The current volatility for Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZS.L) is 2.86%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 5.50%. This indicates that XNZS.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XNZS.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 5.50% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 10.95% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 13.37% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 13.07% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 15.56% | -2.18% |
XNZS.L vs. IWVG.L - Expense Ratio Comparison
XNZS.L has a 0.19% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.
Dividends
XNZS.L vs. IWVG.L - Dividend Comparison
Neither XNZS.L nor IWVG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.82% | 3.23% | 3.12% | 2.61% | 2.37% | 2.90% | 2.48% |
XNZS.L Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNZS.L and IWVG.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNZS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNZS.L is cheaper with a 0.19% expense ratio, compared with 0.30% for IWVG.L.
XNZS.L tracks MSCI ACWI NR USD, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.19% for XNZS.L and 0.30% for IWVG.L.
Find the right allocation for XNZS.L and IWVG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer