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BUYB.L vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BUYB.L vs. USMV

Last updated Jun 4, 2026

BUYB.L (Invesco Global Buyback Achievers UCITS ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - BUYB.L is a Global Equities fund tracking the MSCI ACWI NR USD, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 10 years, BUYB.L returned 12.23%/yr vs 9.93%/yr for USMV. At a 0.41 correlation, their price movements are largely independent. BUYB.L charges 0.39%/yr vs 0.15%/yr for USMV.

Performance

BUYB.L vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BUYB.L achieves a 5.15% return, which is significantly higher than USMV's 2.65% return. Over the past 10 years, BUYB.L has outperformed USMV with an annualized return of 12.23%, while USMV has yielded a comparatively lower 9.93% annualized return.

BUYB.L

1D
-0.59%
1M
-0.48%
YTD
5.15%
6M
8.31%
1Y
23.43%
3Y*
21.39%
5Y*
9.61%
10Y*
12.23%

USMV

1D
-0.69%
1M
2.01%
YTD
2.65%
6M
2.61%
1Y
4.37%
3Y*
11.79%
5Y*
7.45%
10Y*
9.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BUYB.L vs. USMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BUYB.L
Invesco Global Buyback Achievers UCITS ETF		5.15%30.80%12.99%15.60%-11.41%19.77%12.17%29.44%-14.23%21.28%
USMV
iShares MSCI USA Min Vol Factor ETF		2.65%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%1.33%18.91%

Correlation

The correlation between BUYB.L and USMV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

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

0.34

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

0.37

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

0.39

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2014

0.41

BUYB.L vs. USMV - Sectors Allocation Comparison

Sectors
BUYB.L
USMV

Financial Services

32.9%
12.4%

Energy

17.1%
3.6%

Consumer Cyclical

15.8%
5.7%

Industrials

11.0%
5.7%

Technology

7.6%
30.8%

Healthcare

5.5%
12.5%

Communication Services

4.1%
5.9%

Utilities

2.2%
7.5%

Consumer Defensive

1.9%
10.0%

Basic Materials

1.4%
2.2%

Real Estate

0.5%
2.2%

Financial Services

BUYB.L
32.9%
USMV
12.4%

Energy

BUYB.L
17.1%
USMV
3.6%

Consumer Cyclical

BUYB.L
15.8%
USMV
5.7%

Industrials

BUYB.L
11.0%
USMV
5.7%

Technology

BUYB.L
7.6%
USMV
30.8%

Healthcare

BUYB.L
5.5%
USMV
12.5%

Communication Services

BUYB.L
4.1%
USMV
5.9%

Utilities

BUYB.L
2.2%
USMV
7.5%

Consumer Defensive

BUYB.L
1.9%
USMV
10.0%

Basic Materials

BUYB.L
1.4%
USMV
2.2%

Real Estate

BUYB.L
0.5%
USMV
2.2%

Compare stocks, funds, or ETFs

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Invesco Global Buyback Achievers UCITS ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with BUYB.L:
BUYB.L vs. SBUY.LBUYB.L vs. BBCK.DEBUYB.L vs. PKWBUYB.L vs. QQQBUYB.L vs. BYBU.LBUYB.L vs. VOOBUYB.L vs. IWF
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. VFMVUSMV vs. ACWVUSMV vs. QUALUSMV vs. VTI

Return for Risk

BUYB.L vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BUYB.L
BUYB.L Risk / Return Rank: 6161
Overall Rank
BUYB.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
BUYB.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
BUYB.L Omega Ratio Rank: 5555
Omega Ratio Rank
BUYB.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
BUYB.L Martin Ratio Rank: 6262
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 1717
Overall Rank
USMV Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 1616
Sortino Ratio Rank
USMV Omega Ratio Rank: 1515
Omega Ratio Rank
USMV Calmar Ratio Rank: 1717
Calmar Ratio Rank
USMV Martin Ratio Rank: 1919
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.

BUYB.L vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.

BUYB.LUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.95
0.52

+1.43

Sortino ratioReturn per unit of downside risk
2.88
0.79

+2.09

Omega ratioGain probability vs. loss probability

1.34

1.09

+0.25

Calmar ratioReturn relative to maximum drawdown

3.50

0.68

+2.82

Martin ratioReturn relative to average drawdown

11.25

2.27

+8.99

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

BUYB.L vs. USMV - Sharpe Ratio Comparison

The current BUYB.L Sharpe Ratio is 1.95, which is higher than the USMV Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of BUYB.L and USMV, 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

BUYB.LUSMVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.95

0.52

+1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.61

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.69

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.87

-0.19

Drawdowns

BUYB.L vs. USMV - Drawdown Comparison

The maximum BUYB.L drawdown since its inception was -38.99%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for BUYB.L and USMV.

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Drawdown Indicators

BUYB.LUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-38.99%

-33.10%

-5.89%

Max Drawdown (1Y)

Largest decline over 1 year

-6.67%

-6.46%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-16.63%

-9.36%

-7.27%

Max Drawdown (5Y)

Largest decline over 5 years

-26.43%

-17.93%

-8.50%

Max Drawdown (10Y)

Largest decline over 10 years

-38.99%

-33.10%

-5.89%

Current Drawdown

Current decline from peak

-1.25%

-1.18%

-0.07%

Average Drawdown

Average peak-to-trough decline

-5.73%

-2.88%

-2.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

1.93%

+0.15%

Volatility

BUYB.L vs. USMV - Volatility Comparison

Invesco Global Buyback Achievers UCITS ETF (BUYB.L) has a higher volatility of 3.20% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.38%. This indicates that BUYB.L's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BUYB.LUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

2.38%

+0.82%

Volatility (6M)

Calculated over the trailing 6-month period

8.85%

5.91%

+2.94%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

8.50%

+3.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

12.35%

+3.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.98%

14.51%

+2.47%

BUYB.L vs. USMV - Expense Ratio Comparison

BUYB.L has a 0.39% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

BUYB.L vs. USMV - Dividend Comparison

BUYB.L's dividend yield for the trailing twelve months is around 1.71%, more than USMV's 1.53% yield.

PositionTTM20252024202320222021202020192018201720162015
BUYB.L
Invesco Global Buyback Achievers UCITS ETF		1.71%1.85%1.84%1.71%1.92%1.22%1.51%1.84%1.35%1.18%1.72%1.30%
USMV
iShares MSCI USA Min Vol Factor ETF		1.53%1.49%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%

Frequently Asked Questions

BUYB.L and USMV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, USMV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

USMV is cheaper with a 0.15% expense ratio, compared with 0.39% for BUYB.L.

BUYB.L is categorized as Global Equities, while USMV is Large Cap Blend Equities. BUYB.L tracks MSCI ACWI NR USD, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for BUYB.L and 0.15% for USMV.

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