XWLD.L vs. MINV.L

Last updated Jun 5, 2026

XWLD.L (Xtrackers MSCI World UCITS ETF 1C) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from Xtrackers and iShares respectively. Both are passively managed. Over the past 10 years, XWLD.L returned 13.92%/yr vs 7.86%/yr for MINV.L. A 0.78 correlation means they provide meaningful diversification when combined. XWLD.L charges 0.19%/yr vs 0.35%/yr for MINV.L.

Performance

XWLD.L vs. MINV.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 Minimum Volatility UCITS ETF (MINV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XWLD.L achieves a 10.22% return, which is significantly higher than MINV.L's 1.01% return. Over the past 10 years, XWLD.L has outperformed MINV.L with an annualized return of 13.92%, while MINV.L has yielded a comparatively lower 7.86% annualized return.

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%

MINV.L

• 1D: 0.15%
• 1M: 1.83%
• YTD: 1.01%
• 6M: 0.93%
• 1Y: 2.57%
• 3Y*: 6.54%
• 5Y*: 6.32%
• 10Y*: 7.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	1.01%	3.37%	12.86%	1.50%	1.23%	15.98%	-1.05%	18.84%	3.17%	7.00%

Correlation

The correlation between XWLD.L and MINV.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 (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014	0.78

Over the past year, the correlation between XWLD.L and MINV.L has dropped to 0.31 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

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

Sectors	XWLD.L	MINV.L
Technology	28.3%	21.3%
Financial Services	15.7%	14.2%
Industrials	11.4%	9.1%
Consumer Cyclical	9.3%	5.4%
Communication Services	9.3%	11.9%
Healthcare	8.8%	13.6%
Consumer Defensive	5.2%	10.8%
Energy	4.2%	4.2%
Basic Materials	3.3%	1.0%
Utilities	2.7%	7.7%
Real Estate	1.9%	0.7%

Return for Risk

XWLD.L vs. MINV.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: 83
XWLD.L Sharpe Ratio Rank: 83
XWLD.L Sortino Ratio Rank: 83
XWLD.L Omega Ratio Rank: 85
XWLD.L Calmar Ratio Rank: 81
XWLD.L Martin Ratio Rank: 82

MINV.L

MINV.L Risk / Return Rank: 14
MINV.L Sharpe Ratio Rank: 14
MINV.L Sortino Ratio Rank: 13
MINV.L Omega Ratio Rank: 13
MINV.L Calmar Ratio Rank: 14
MINV.L Martin Ratio Rank: 14

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. MINV.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 Minimum Volatility UCITS ETF (MINV.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.L	MINV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	0.32	+2.35
Sortino ratio: Return per unit of downside risk	3.66	0.53	+3.13
Omega ratio: Gain probability vs. loss probability	1.51	1.06	+0.45
Calmar ratio: Return relative to maximum drawdown	4.15	0.41	+3.74
Martin ratio: Return relative to average drawdown	16.43	1.10	+15.33
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. MINV.L - Sharpe Ratio Comparison

The current XWLD.L Sharpe Ratio is 2.67, which is higher than the MINV.L Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of XWLD.L and MINV.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.

Sharpe Ratios by Period

	XWLD.L	MINV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	0.32	+2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.65	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.96	0.66	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.83	+0.07

Drawdowns

XWLD.L vs. MINV.L - Drawdown Comparison

The maximum XWLD.L drawdown since its inception was -26.62%, which is greater than MINV.L's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for XWLD.L and MINV.L.

Drawdown Indicators

	XWLD.L	MINV.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-20.38%	-6.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-6.31%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-8.47%	-10.53%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-10.23%	-8.77%
Max Drawdown (10Y) Largest decline over 10 years	-26.62%	-20.38%	-6.24%
Current Drawdown Current decline from peak	-0.12%	-3.60%	+3.48%
Average Drawdown Average peak-to-trough decline	-3.39%	-3.74%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.33%	-0.67%

Volatility

XWLD.L vs. MINV.L - Volatility Comparison

Xtrackers MSCI World UCITS ETF 1C (XWLD.L) and iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) have volatilities of 2.50% and 2.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWLD.L	MINV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	2.55%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	5.92%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	7.92%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	9.70%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	11.85%	+2.71%

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

XWLD.L has a 0.19% expense ratio, which is lower than MINV.L's 0.35% expense ratio.

Dividends

XWLD.L vs. MINV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XWLD.L and MINV.L in my portfolio?

XWLD.L and MINV.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.

Which ETF is better, XWLD.L or MINV.L?

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.

Which ETF is cheaper, XWLD.L or MINV.L?

XWLD.L is cheaper with a 0.19% expense ratio, compared with 0.35% for MINV.L.

What is the main difference between XWLD.L and MINV.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.19% for XWLD.L and 0.35% for MINV.L.