XWEM.L vs. IWVL.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - XWEM.L tracks the MSCI World Momentum Low Carbon SRI Screened Select while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past year, XWEM.L returned 36.83% vs 63.48% for IWVL.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
XWEM.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, XWEM.L achieves a 22.01% return, which is significantly lower than IWVL.L's 34.14% return.
XWEM.L
- 1D
- -0.15%
- 1M
- 5.82%
- YTD
- 22.01%
- 6M
- 24.55%
- 1Y
- 36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWVL.L
- 1D
- -0.66%
- 1M
- 7.92%
- YTD
- 34.14%
- 6M
- 36.43%
- 1Y
- 63.48%
- 3Y*
- 28.28%
- 5Y*
- 16.68%
- 10Y*
- 13.34%
XWEM.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 22.01% | 21.57% | 28.83% | 9.50% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 34.14% | 40.42% | 5.13% | 7.35% |
Correlation
The correlation between XWEM.L and IWVL.L is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.75 |
The correlation between XWEM.L and IWVL.L has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. IWVL.L — Risk / Return Rank
XWEM.L
IWVL.L
XWEM.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
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.
| XWEM.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.69 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 7.23 | -4.11 |
| Martin ratioReturn relative to average drawdown | 13.39 | 26.45 | -13.06 |
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Drawdowns
XWEM.L vs. IWVL.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for XWEM.L and IWVL.L.
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Drawdown Indicators
| XWEM.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -39.30% | +20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.74% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -0.15% | -1.02% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -7.47% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.39% | +0.35% |
Volatility
XWEM.L vs. IWVL.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) is 6.17%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.64%. This indicates that XWEM.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
| XWEM.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 6.64% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 13.75% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 16.27% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 16.17% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 17.03% | +0.36% |
XWEM.L vs. IWVL.L - Expense Ratio Comparison
Both XWEM.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
XWEM.L vs. IWVL.L - Dividend Comparison
Neither XWEM.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and IWVL.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XWEM.L and IWVL.L have the same expense ratio: 0.25% per year.
XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Xtrackers and iShares.
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