- Issuer
- iShares
- Inception Date
- Feb 21, 2018
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
SPMV.L Performance Chart
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is up 3.9% since the beginning of the year. SPMV.L is currently trading at $113 per share. Investors who bought $1,000 worth of SPMV.L shares 5 years ago would now be looking at an investment worth $1,483.
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Returns By Period
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) has returned 3.85% so far this year and 10.62% over the past 12 months. Over the last ten years, SPMV.L has returned 9.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)
- 1D
- -0.19%
- 1M
- -0.21%
- 6M
- 3.99%
- YTD
- 3.85%
- 1Y
- 10.62%
- 3Y*
- 12.71%
- 5Y*
- 8.20%
- 10Y*
- 9.94%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
SPMV.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 30, 2012, SPMV.L's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +9.5%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPMV.L closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +7.2%, while the worst single day was Mar 12, 2020 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.06% | 0.75% | -5.73% | 5.09% | 4.04% | -0.17% | 0.11% | 3.85% | |||||
| 2025 | 3.14% | 0.11% | -1.78% | -1.52% | 3.21% | 2.08% | 0.93% | 0.48% | 1.63% | 0.34% | 1.51% | 0.98% | 11.55% |
| 2024 | 3.31% | 2.29% | 3.23% | -3.31% | 3.00% | 3.49% | 1.48% | 2.72% | 2.09% | -0.70% | 4.12% | -4.05% | 18.68% |
| 2023 | 2.09% | -3.43% | 2.72% | 2.80% | -3.31% | 4.83% | 0.93% | -1.30% | -4.00% | -2.14% | 7.85% | 3.23% | 9.94% |
| 2022 | -6.15% | -1.63% | 5.84% | -4.15% | -2.18% | -5.46% | 5.40% | -2.37% | -6.86% | 6.16% | 1.98% | -1.04% | -11.05% |
| 2021 | -1.07% | -0.07% | 5.78% | 4.14% | 0.92% | 1.17% | 3.08% | 2.07% | -4.13% | 4.80% | 0.49% | 5.80% | 24.98% |
Benchmark Metrics
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) has an annualized alpha of 6.52%, beta of 0.41, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since November 30, 2012.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (76.36%) than losses (73.68%) - typical of diversified or defensive assets.
- Beta of 0.41 may look defensive, but with R2 of 0.27 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.52%
- Beta
- 0.41
- R²
- 0.27
- Upside Capture
- 76.36%
- Downside Capture
- 73.68%
Expense Ratio
SPMV.L has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
SPMV.L ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) and compare them to S&P 500 Index.
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.
| SPMV.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.35 | -0.59 |
| Martin ratioReturn relative to average drawdown | 6.93 | 10.19 | -3.26 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) was 33.34%, occurring on Mar 23, 2020. Recovery took 160 trading sessions.
The current iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) drawdown is 1.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.34%Mar 2020 | 1mo 4d | 7mo 21d | 8mo 25dFeb 2020 - Nov 2020 | COVID crash2020 |
-18.58%Oct 2022 | 9mo 15d | 1y 3mo | 2y 24dDec 2021 - Jan 2024 | Bear market2022 |
-15.50%Dec 2018 | 3mo 1d | 3mo 18d | 6mo 19dSep 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-12.31%Apr 2025 | 1mo 6d | 2mo 19d | 3mo 25dMar 2025 - Jun 2025 | 2025 selloff2025 |
-8.88%Aug 2015 | 7d | 2mo 3d | 2mo 10dAug 2015 - Oct 2015 | — |
Drawdown Indicators
| SPMV.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -56.78% | +23.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -9.10% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -18.90% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -25.43% | +6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -33.92% | +0.58% |
Current DrawdownCurrent decline from peak | -1.12% | -0.49% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -10.70% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.09% | -0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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