BYBU.L vs. SPMV.L
BYBU.L (Amundi S&P 500 Buyback ETF-C USD) and SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds - BYBU.L tracks the S&P 500 Buyback NTR while SPMV.L tracks the S&P 500 Minimum Volatility Net in USD. Both are passively managed. Over the past 10 years, BYBU.L returned 12.89%/yr vs 9.98%/yr for SPMV.L. A 0.68 correlation means they provide meaningful diversification when combined. BYBU.L charges 0.15%/yr vs 0.20%/yr for SPMV.L.
Performance
BYBU.L vs. SPMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, BYBU.L achieves a 9.15% return, which is significantly higher than SPMV.L's 4.24% return. Over the past 10 years, BYBU.L has outperformed SPMV.L with an annualized return of 12.89%, while SPMV.L has yielded a comparatively lower 9.98% annualized return.
BYBU.L
- 1D
- -0.17%
- 1M
- 0.63%
- 6M
- 6.98%
- YTD
- 9.15%
- 1Y
- 18.65%
- 3Y*
- 15.73%
- 5Y*
- 10.24%
- 10Y*
- 12.89%
SPMV.L
- 1D
- -0.19%
- 1M
- 0.14%
- 6M
- 4.46%
- YTD
- 4.24%
- 1Y
- 10.52%
- 3Y*
- 12.84%
- 5Y*
- 8.28%
- 10Y*
- 9.98%
BYBU.L vs. SPMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYBU.L Amundi S&P 500 Buyback ETF-C USD | 9.15% | 17.38% | 14.02% | 15.99% | -11.79% | 34.22% | 5.56% | 31.53% | -8.56% | 20.60% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.24% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 16.05% |
Correlation
The correlation between BYBU.L and SPMV.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2015 | 0.68 |
The correlation between BYBU.L and SPMV.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
BYBU.L vs. SPMV.L — Risk / Return Rank
BYBU.L
SPMV.L
BYBU.L vs. SPMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Buyback ETF-C USD (BYBU.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.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.
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.
| BYBU.L | SPMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 1.68 | +1.90 |
| Martin ratioReturn relative to average drawdown | 9.86 | 6.62 | +3.25 |
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Drawdowns
BYBU.L vs. SPMV.L - Drawdown Comparison
The maximum BYBU.L drawdown since its inception was -43.01%, which is greater than SPMV.L's maximum drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for BYBU.L and SPMV.L.
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Drawdown Indicators
| BYBU.L | SPMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -33.34% | -9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -6.23% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -12.31% | -6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -18.58% | -4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | -33.34% | -9.67% |
Current DrawdownCurrent decline from peak | -0.17% | -0.75% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -3.13% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.59% | +0.30% |
Volatility
BYBU.L vs. SPMV.L - Volatility Comparison
Amundi S&P 500 Buyback ETF-C USD (BYBU.L) has a higher volatility of 3.29% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) at 1.82%. This indicates that BYBU.L's price experiences larger fluctuations and is considered to be riskier than SPMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYBU.L | SPMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 1.82% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 6.37% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 8.50% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 12.67% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 13.77% | +4.94% |
BYBU.L vs. SPMV.L - Expense Ratio Comparison
BYBU.L has a 0.15% expense ratio, which is lower than SPMV.L's 0.20% 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
BYBU.L vs. SPMV.L - Dividend Comparison
Neither BYBU.L nor SPMV.L has paid dividends to shareholders.
Frequently Asked Questions
BYBU.L and SPMV.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BYBU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BYBU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPMV.L.
BYBU.L tracks S&P 500 Buyback NTR, while SPMV.L tracks S&P 500 Minimum Volatility Net in USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for BYBU.L and 0.20% for SPMV.L.
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