XWEV.L vs. IWVG.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - XWEV.L tracks the MSCI World Value Low Carbon SRI Screened Select while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past year, XWEV.L returned 43.60% vs 63.83% for IWVG.L. Their correlation of 0.88 suggests significant overlap in exposure. XWEV.L charges 0.25%/yr vs 0.30%/yr for IWVG.L.
Performance
XWEV.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
XWEV.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWEV.L achieves a 18.20% return, which is significantly lower than IWVG.L's 34.04% return.
XWEV.L
- 1D
- -0.36%
- 1M
- 5.85%
- YTD
- 18.20%
- 6M
- 20.60%
- 1Y
- 43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWVG.L
- 1D
- -0.54%
- 1M
- 8.25%
- YTD
- 34.04%
- 6M
- 36.37%
- 1Y
- 63.83%
- 3Y*
- 28.25%
- 5Y*
- 16.69%
- 10Y*
- —
XWEV.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 18.20% | 38.58% | 6.98% | 7.84% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 34.04% | 41.17% | 4.80% | 7.26% |
Correlation
The correlation between XWEV.L and IWVG.L is 0.88, 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.88 |
The correlation between XWEV.L and IWVG.L has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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Return for Risk
XWEV.L vs. IWVG.L — Risk / Return Rank
XWEV.L
IWVG.L
XWEV.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.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.
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.
| XWEV.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.73 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 7.37 | -3.19 |
| Martin ratioReturn relative to average drawdown | 16.28 | 27.54 | -11.27 |
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Drawdowns
XWEV.L vs. IWVG.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum IWVG.L drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for XWEV.L and IWVG.L.
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Drawdown Indicators
| XWEV.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -35.79% | +21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -8.62% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.66% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -6.68% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.31% | +0.36% |
Volatility
XWEV.L vs. IWVG.L - Volatility Comparison
The current volatility for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) is 5.20%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.16%. This indicates that XWEV.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.
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Volatility by Period
| XWEV.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 6.16% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 12.75% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 15.44% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 15.85% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 17.63% | -2.53% |
XWEV.L vs. IWVG.L - Expense Ratio Comparison
XWEV.L has a 0.25% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.
Dividends
XWEV.L vs. IWVG.L - Dividend Comparison
XWEV.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 0.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 0.74% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XWEV.L and IWVG.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEV.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IWVG.L.
XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEV.L and 0.30% for IWVG.L.
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