XWEM.L vs. MVOL.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds - XWEM.L tracks the MSCI World Momentum Low Carbon SRI Screened Select while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, XWEM.L returned 36.83% vs 2.38% for MVOL.L. At a 0.45 correlation, their price movements are largely independent. XWEM.L charges 0.25%/yr vs 0.35%/yr for MVOL.L.
Performance
XWEM.L vs. MVOL.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 higher than MVOL.L's 0.99% return.
XWEM.L
- 1D
- -0.15%
- 1M
- 5.82%
- YTD
- 22.01%
- 6M
- 24.55%
- 1Y
- 36.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVOL.L
- 1D
- -0.11%
- 1M
- 0.94%
- YTD
- 0.99%
- 6M
- 1.86%
- 1Y
- 2.38%
- 3Y*
- 8.79%
- 5Y*
- 5.24%
- 10Y*
- 7.24%
XWEM.L vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.99% | 11.02% | 11.08% | 3.79% |
Correlation
The correlation between XWEM.L and MVOL.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.45 |
The correlation between XWEM.L and MVOL.L shifts across timeframes, from 0.31 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XWEM.L vs. MVOL.L — Risk / Return Rank
XWEM.L
MVOL.L
XWEM.L vs. MVOL.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 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.
| XWEM.L | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.06 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.41 | +2.70 |
| Martin ratioReturn relative to average drawdown | 13.39 | 0.97 | +12.42 |
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Drawdowns
XWEM.L vs. MVOL.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum MVOL.L drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for XWEM.L and MVOL.L.
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Drawdown Indicators
| XWEM.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -28.82% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -5.78% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.82% | — |
Current DrawdownCurrent decline from peak | -0.15% | -3.54% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -3.30% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.45% | +0.29% |
Volatility
XWEM.L vs. MVOL.L - Volatility Comparison
Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) has a higher volatility of 6.17% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 1.86%. This indicates that XWEM.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
| XWEM.L | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 1.86% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 5.52% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 7.77% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 10.64% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 11.65% | +5.74% |
XWEM.L vs. MVOL.L - Expense Ratio Comparison
XWEM.L has a 0.25% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
XWEM.L vs. MVOL.L - Dividend Comparison
Neither XWEM.L nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and MVOL.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEM.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MVOL.L.
XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEM.L and 0.35% for MVOL.L.
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