XWEV.L vs. WMVG.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds - XWEV.L tracks the MSCI World Value Low Carbon SRI Screened Select while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past year, XWEV.L returned 43.60% vs 2.92% for WMVG.L. A 0.60 correlation means they provide meaningful diversification when combined. XWEV.L charges 0.25%/yr vs 0.35%/yr for WMVG.L.
Performance
XWEV.L vs. WMVG.L - Performance Comparison
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Different Trading Currencies
XWEV.L is traded in USD, while WMVG.L is traded in GBP. To make them comparable, the WMVG.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 higher than WMVG.L's 1.57% return.
XWEV.L
- 1D
- -0.36%
- 1M
- 5.85%
- YTD
- 18.20%
- 6M
- 20.60%
- 1Y
- 43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WMVG.L
- 1D
- 0.01%
- 1M
- 1.97%
- YTD
- 1.57%
- 6M
- 2.88%
- 1Y
- 2.92%
- 3Y*
- 11.12%
- 5Y*
- 5.41%
- 10Y*
- —
XWEV.L vs. WMVG.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% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 1.57% | 17.30% | 12.56% | 3.18% |
Correlation
The correlation between XWEV.L and WMVG.L is 0.53, 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 | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.60 |
The correlation between XWEV.L and WMVG.L has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
XWEV.L vs. WMVG.L — Risk / Return Rank
XWEV.L
WMVG.L
XWEV.L vs. WMVG.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 Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.06 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 0.43 | +3.75 |
| Martin ratioReturn relative to average drawdown | 16.28 | 0.98 | +15.30 |
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Drawdowns
XWEV.L vs. WMVG.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum WMVG.L drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for XWEV.L and WMVG.L.
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Drawdown Indicators
| XWEV.L | WMVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -36.20% | +21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -6.70% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.15% | — |
Current DrawdownCurrent decline from peak | -0.91% | -3.13% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -7.06% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.97% | -0.30% |
Volatility
XWEV.L vs. WMVG.L - Volatility Comparison
Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) has a higher volatility of 5.20% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.09%. This indicates that XWEV.L's price experiences larger fluctuations and is considered to be riskier than WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 2.09% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 6.79% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 10.26% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 14.88% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 16.79% | -1.69% |
XWEV.L vs. WMVG.L - Expense Ratio Comparison
XWEV.L has a 0.25% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.
Dividends
XWEV.L vs. WMVG.L - Dividend Comparison
Neither XWEV.L nor WMVG.L has paid dividends to shareholders.
Frequently Asked Questions
XWEV.L and WMVG.L have a correlation of 0.53, 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 0.35% for WMVG.L.
XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while WMVG.L tracks MSCI World Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEV.L and 0.35% for WMVG.L.
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