OriginaveIS3S (IWVL) vs AVWC: which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
IS3S
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
AvantisAVWC
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
IS3S tracks the MSCI World Enhanced Value Index
What did the last 1 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted. Both funds are measured over the same 1 full years (2025–2025) — the longest stretch both were trading.
IS3S vs AVWC, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | IS3S | AVWC | Winner |
|---|---|---|---|
| 2026 (so far) | +39.61% | +18.31% | IS3S |
| 2025 | +25.13% | +9.08% | IS3S |
| 2024 | +11.36% | +2.94% | IS3S |
| 2023 | +15.62% | — | — |
| 2022 | -4.81% | — | — |
| 2021 | +30.38% | — | — |
| 2020 | -12.53% | — | — |
| 2019 | +22.01% | — | — |
| 2018 | -10.34% | — | — |
| 2017 | +7.66% | — | — |
| 2016 | +11.24% | — | — |
| 2015 | +8.31% | — | — |
| 2014 | -16.73% | — | — |
IS3S vs AVWC in plain words
IS3S tracks the MSCI World Enhanced Value Index while AVWC follows the Avantis Global Equity strategy, so they own different slices of the market and their years can look very different. IS3S charges 0.25% a year in running costs and AVWC charges 0.22% — AVWC is the cheaper fund to hold.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 3 calendar years both funds were trading, IS3S finished the year ahead 3 times and AVWC 0 times. €10,000 invested at the start of 2025 was worth €12,513 in IS3S versus €10,908 in AVWC by the end of 2025, dividends reinvested.
IWVL is the London (USD) listing of the same fund, ISIN IE00BP3QZB59 — IS3S is its EUR line on Xetra.
Actively managed: it tilts a broad developed-market portfolio towards cheaper, more profitable and smaller companies rather than following an index, and measures itself against the MSCI World IMI.
Fund facts: IS3S vs AVWC
| Fact | IS3S | AVWC |
|---|---|---|
| Fund | iShares Edge MSCI World Value Factor UCITS ETF | Avantis Global Equity UCITS ETF USD Acc |
| Tracks | MSCI World Enhanced Value Index | Avantis Global Equity strategy |
| Yearly cost (TER) | 0.25% | 0.22% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 3 Oct 2014 | 25 Sept 2024 |
| ISIN | IE00BP3QZB59 | IE000RJECXS5 |
| WKN | A12ATG | A40GB8 |
| Also trades as | IWVL | — |
| €10,000 invested | What €10,000 in IS3S became | What €10,000 in AVWC became |
How bumpy the ride was: IS3S vs AVWC
These head-to-head figures use only the 499 trading days both funds were listed: 14 Oct 2024 to 7 Oct 2026, roughly 2.0 years.
IS3S swung more than AVWC: annualised volatility of 15.4% for IS3S against 14.3% for AVWC, with IS3S moving 1% or more on 21.7% of trading days and AVWC on 16.3%. Both had their worst day on 3 Apr 2025: IS3S closed -5.21% and AVWC -5.26%.
AVWC had the deeper drawdown: it fell -21.65% from its peak on 18 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Oct 2025, 5 months after the low; IS3S fell -17.80% from its peak on 3 Mar 2025 to a low on 9 Apr 2025, then closed back above the old peak on 12 Aug 2025, 4 months after the low.
Day to day the two usually move together: the correlation of their daily returns is 0.85, and they closed in opposite directions on 19.3% of the 498 days measured. The widest single-day gap came on 25 Jun 2026, when IS3S moved +2.00% and AVWC -0.04%.
| Measure | IS3S | AVWC |
|---|---|---|
| Annualised volatility | 15.4% | 14.3% |
| Worst day | -5.21% on 3 Apr 2025 | -5.26% on 3 Apr 2025 |
| Best day | +3.60% on 8 Apr 2026 | +3.79% on 10 Apr 2025 |
| Days moving 1% or more | 21.7% of days | 16.3% of days |
| Deepest drawdown | -17.80% | -21.65% |
| Peak to trough | 3 Mar 2025 → 9 Apr 2025 | 18 Feb 2025 → 9 Apr 2025 |
| Back above the old peak | 12 Aug 2025 · 4 months | 6 Oct 2025 · 5 months |
Years IS3S and AVWC parted ways
In every one of the 2 completed calendar years both funds were trading, the two returns ended more than 5 points apart. The widest split was 2025: IS3S returned +25.13% and AVWC +9.08%, a gap of 16.1 points. They rose together in 2 years.
| Year | IS3S | AVWC | Gap (IS3S − AVWC) |
|---|---|---|---|
| 2025 | +25.13% | +9.08% | +16.1 pts |
| 2024 | +11.36% | +2.94% | +8.4 pts |
How often IS3S beat AVWC over any 12 months
Across the 12 rolling 12-month windows since October 2024, measured month-end to month-end, IS3S finished ahead in 100.0% of them (12) and AVWC in 0.0% (0).
€200 a month into each, 2025–2025
Putting €200 into each fund at the start of every month from January 2025 to December 2025 (12 payments, €2,400 in total) would have grown to €2,803 in IS3S and €2,608 in AVWC, leaving IS3S €196 ahead.
| Outcome | IS3S | AVWC |
|---|---|---|
| Paid in | €2,400 | €2,400 |
| Value at the end of 2025 | €2,803 | €2,608 |
| Gain on the money paid in | +€403 | +€208 |
| Gain in % | +16.81% | +8.66% |
Each payment rides the return of the month it lands in, dividends reinvested. Only calendar years with all twelve months of data for both funds count, so the plan may start later than the shared history.
Frequently asked
Is IS3S or AVWC better?
Across the 3 calendar years both funds were trading, IS3S finished the year ahead 3 times and AVWC 0 times. €10,000 invested at the start of 2025 was worth €12,513 in IS3S versus €10,908 in AVWC by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between IS3S and AVWC?
IS3S tracks the MSCI World Enhanced Value Index while AVWC follows the Avantis Global Equity strategy, so they own different slices of the market and their years can look very different. IS3S charges 0.25% a year in running costs and AVWC charges 0.22% — AVWC is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
Which is more volatile, IS3S or AVWC?
IS3S swung more than AVWC: annualised volatility of 15.4% for IS3S against 14.3% for AVWC, with IS3S moving 1% or more on 21.7% of trading days and AVWC on 16.3%. Both had their worst day on 3 Apr 2025: IS3S closed -5.21% and AVWC -5.26%.
Which had the deeper drawdown, IS3S or AVWC?
AVWC had the deeper drawdown: it fell -21.65% from its peak on 18 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Oct 2025, 5 months after the low; IS3S fell -17.80% from its peak on 3 Mar 2025 to a low on 9 Apr 2025, then closed back above the old peak on 12 Aug 2025, 4 months after the low.
How often did IS3S beat AVWC over a 12-month period?
Across the 12 rolling 12-month windows since October 2024, measured month-end to month-end, IS3S finished ahead in 100.0% of them (12) and AVWC in 0.0% (0).
What would €10,000 in IS3S have become?
€10,000 invested in IS3S at the start of 2025 grew to €12,513 by the end of 2025, with dividends reinvested — an average of 25.1% per year.
Is IWVL the same as IS3S?
IWVL is the London (USD) listing of the same fund, ISIN IE00BP3QZB59 — IS3S is its EUR line on Xetra.
Related comparisons
More head-to-heads featuring IS3S or AVWC.
Source: Yahoo Finance daily adjusted closes for the EUR trading lines on Xetra, dividends reinvested. Prices through · refreshed 7 Oct 2026, 08:49 UTC. How every number is calculated.