XWEV.L vs. IWVL.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - XWEV.L tracks the MSCI World Value Low Carbon SRI Screened Select while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past year, XWEV.L returned 43.60% vs 63.48% for IWVL.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
XWEV.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, XWEV.L achieves a 18.20% return, which is significantly lower than IWVL.L's 34.14% return.
XWEV.L
- 1D
- -0.36%
- 1M
- 5.85%
- YTD
- 18.20%
- 6M
- 20.60%
- 1Y
- 43.60%
- 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%
XWEV.L vs. IWVL.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% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 34.14% | 40.42% | 5.13% | 7.35% |
Correlation
The correlation between XWEV.L and IWVL.L is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.94 |
The correlation between XWEV.L and IWVL.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
XWEV.L vs. IWVL.L — Risk / Return Rank
XWEV.L
IWVL.L
XWEV.L vs. IWVL.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 (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.
| XWEV.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.69 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 7.23 | -3.04 |
| Martin ratioReturn relative to average drawdown | 16.28 | 26.45 | -10.17 |
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Drawdowns
XWEV.L vs. IWVL.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for XWEV.L and IWVL.L.
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Drawdown Indicators
| XWEV.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -39.30% | +25.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -8.74% | -1.63% |
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 | -0.91% | -1.02% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -7.47% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.39% | +0.28% |
Volatility
XWEV.L vs. IWVL.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 (Acc) (IWVL.L) has a volatility of 6.64%. This indicates that XWEV.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
| XWEV.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 6.64% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 13.75% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 16.27% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 16.17% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 17.03% | -1.93% |
XWEV.L vs. IWVL.L - Expense Ratio Comparison
Both XWEV.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
XWEV.L vs. IWVL.L - Dividend Comparison
Neither XWEV.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XWEV.L and IWVL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XWEV.L and IWVL.L have the same expense ratio: 0.25% per year.
XWEV.L tracks MSCI World Value 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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