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XWLD.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XWLD.L vs. IWVL.L

Last updated Jun 5, 2026

XWLD.L (Xtrackers MSCI World UCITS ETF 1C) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - XWLD.L tracks the MSCI ACWI NR USD while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, XWLD.L returned 13.92%/yr vs 13.70%/yr for IWVL.L. Their correlation of 0.81 suggests significant overlap in exposure. XWLD.L charges 0.19%/yr vs 0.25%/yr for IWVL.L.

Performance

XWLD.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World UCITS ETF 1C (XWLD.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XWLD.L is traded in GBp, while IWVL.L is traded in USD. To make them comparable, the IWVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XWLD.L achieves a 10.22% return, which is significantly lower than IWVL.L's 34.84% return. Both investments have delivered pretty close results over the past 10 years, with XWLD.L having a 13.92% annualized return and IWVL.L not far behind at 13.70%.

XWLD.L

1D
0.06%
1M
5.10%
YTD
10.22%
6M
10.38%
1Y
27.30%
3Y*
17.69%
5Y*
13.07%
10Y*
13.92%

IWVL.L

1D
-0.65%
1M
13.25%
YTD
34.84%
6M
37.26%
1Y
67.93%
3Y*
27.08%
5Y*
17.54%
10Y*
13.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XWLD.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XWLD.L
Xtrackers MSCI World UCITS ETF 1C		10.22%12.59%21.09%17.58%-8.42%23.71%12.15%23.21%-3.74%11.80%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		34.84%30.41%6.96%13.56%0.94%21.25%-6.50%13.64%-8.94%12.00%

Correlation

The correlation between XWLD.L and IWVL.L is 0.72, 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

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.81

The correlation between XWLD.L and IWVL.L has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.

XWLD.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
XWLD.L
IWVL.L

Technology

28.3%
33.9%

Financial Services

15.7%
14.8%

Industrials

11.4%
11.3%

Consumer Cyclical

9.3%
7.9%

Communication Services

9.3%
7.6%

Healthcare

8.8%
8.8%

Consumer Defensive

5.2%
4.5%

Energy

4.2%
3.8%

Basic Materials

3.3%
3.0%

Utilities

2.7%
2.5%

Real Estate

1.9%
1.8%

Technology

XWLD.L
28.3%
IWVL.L
33.9%

Financial Services

XWLD.L
15.7%
IWVL.L
14.8%

Industrials

XWLD.L
11.4%
IWVL.L
11.3%

Consumer Cyclical

XWLD.L
9.3%
IWVL.L
7.9%

Communication Services

XWLD.L
9.3%
IWVL.L
7.6%

Healthcare

XWLD.L
8.8%
IWVL.L
8.8%

Consumer Defensive

XWLD.L
5.2%
IWVL.L
4.5%

Energy

XWLD.L
4.2%
IWVL.L
3.8%

Basic Materials

XWLD.L
3.3%
IWVL.L
3.0%

Utilities

XWLD.L
2.7%
IWVL.L
2.5%

Real Estate

XWLD.L
1.9%
IWVL.L
1.8%

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Xtrackers MSCI World UCITS ETF 1C

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

Often compared with XWLD.L:
XWLD.L vs. SWDA.LXWLD.L vs. VGTXWLD.L vs. SUSW.LXWLD.L vs. VOOXWLD.L vs. BRK-BXWLD.L vs. URTHXWLD.L vs. SPPY.DE
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

XWLD.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XWLD.L
XWLD.L Risk / Return Rank: 8383
Overall Rank
XWLD.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XWLD.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
XWLD.L Omega Ratio Rank: 8585
Omega Ratio Rank
XWLD.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
XWLD.L Martin Ratio Rank: 8282
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XWLD.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World UCITS ETF 1C (XWLD.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.

XWLD.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.67
4.57

-1.90

Sortino ratioReturn per unit of downside risk
3.66
6.12

-2.46

Omega ratioGain probability vs. loss probability

1.51

1.85

-0.35

Calmar ratioReturn relative to maximum drawdown

4.15

8.65

-4.50

Martin ratioReturn relative to average drawdown

16.43

36.16

-19.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWLD.L vs. IWVL.L - Sharpe Ratio Comparison

The current XWLD.L Sharpe Ratio is 2.67, which is lower than the IWVL.L Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of XWLD.L and IWVL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XWLD.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.67

4.57

-1.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

1.22

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

0.85

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.75

+0.15

Drawdowns

XWLD.L vs. IWVL.L - Drawdown Comparison

The maximum XWLD.L drawdown since its inception was -26.62%, smaller than the maximum IWVL.L drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for XWLD.L and IWVL.L.

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Drawdown Indicators

XWLD.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.62%

-28.56%

+1.94%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-7.82%

+1.27%

Max Drawdown (3Y)

Largest decline over 3 years

-19.00%

-14.14%

-4.86%

Max Drawdown (5Y)

Largest decline over 5 years

-19.00%

-14.14%

-4.86%

Max Drawdown (10Y)

Largest decline over 10 years

-26.62%

-28.56%

+1.94%

Current Drawdown

Current decline from peak

-0.12%

-0.65%

+0.53%

Average Drawdown

Average peak-to-trough decline

-3.39%

-4.52%

+1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

1.87%

-0.21%

Volatility

XWLD.L vs. IWVL.L - Volatility Comparison

The current volatility for Xtrackers MSCI World UCITS ETF 1C (XWLD.L) is 2.50%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.16%. This indicates that XWLD.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

XWLD.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.50%

6.16%

-3.66%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

12.58%

-5.29%

Volatility (1Y)

Calculated over the trailing 1-year period

10.16%

14.78%

-4.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

14.34%

-1.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.56%

16.05%

-1.49%

XWLD.L vs. IWVL.L - Expense Ratio Comparison

XWLD.L has a 0.19% expense ratio, which is lower than IWVL.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XWLD.L vs. IWVL.L - Dividend Comparison

Neither XWLD.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

XWLD.L and IWVL.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XWLD.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XWLD.L is cheaper with a 0.19% expense ratio, compared with 0.25% for IWVL.L.

XWLD.L tracks MSCI ACWI NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.19% for XWLD.L and 0.25% for IWVL.L.

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