CAPS.L vs. MVEA.L
CAPS.L (First Trust Capital Strength UCITS ETF Acc) and MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from First Trust and iShares respectively. Both are passively managed. Over the past 5 years, CAPS.L returned 6.26%/yr vs 7.01%/yr for MVEA.L. Their correlation of 0.90 suggests significant overlap in exposure. CAPS.L charges 0.60%/yr vs 0.20%/yr for MVEA.L.
Performance
CAPS.L vs. MVEA.L - Performance Comparison
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Different Trading Currencies
CAPS.L is traded in GBp, while MVEA.L is traded in GBP. To make them comparable, the MVEA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CAPS.L achieves a -0.55% return, which is significantly lower than MVEA.L's 1.70% return.
CAPS.L
- 1D
- 0.73%
- 1M
- -0.30%
- YTD
- -0.55%
- 6M
- -0.38%
- 1Y
- 3.20%
- 3Y*
- 6.55%
- 5Y*
- 6.26%
- 10Y*
- —
MVEA.L
- 1D
- 0.24%
- 1M
- 2.96%
- YTD
- 1.70%
- 6M
- 1.52%
- 1Y
- 3.80%
- 3Y*
- 7.09%
- 5Y*
- 7.01%
- 10Y*
- —
CAPS.L vs. MVEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CAPS.L First Trust Capital Strength UCITS ETF Acc | -0.55% | -0.65% | 12.99% | 2.23% | 0.10% | 19.38% |
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 1.70% | -2.72% | 14.94% | 6.35% | -1.55% | 18.76% |
Correlation
The correlation between CAPS.L and MVEA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.90 |
The correlation between CAPS.L and MVEA.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
CAPS.L vs. MVEA.L — Risk / Return Rank
CAPS.L
MVEA.L
CAPS.L vs. MVEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Acc (CAPS.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
| CAPS.L | MVEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.70 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.02 | 1.73 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAPS.L | MVEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.44 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.60 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.62 | -0.28 |
Drawdowns
CAPS.L vs. MVEA.L - Drawdown Comparison
The maximum CAPS.L drawdown since its inception was -22.86%, which is greater than MVEA.L's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for CAPS.L and MVEA.L.
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Drawdown Indicators
| CAPS.L | MVEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -14.36% | -8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -5.43% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.86% | -14.36% | -8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.86% | -14.36% | -8.50% |
Current DrawdownCurrent decline from peak | -16.47% | -6.98% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -4.43% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.19% | +0.95% |
Volatility
CAPS.L vs. MVEA.L - Volatility Comparison
First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a higher volatility of 3.70% compared to iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) at 2.88%. This indicates that CAPS.L's price experiences larger fluctuations and is considered to be riskier than MVEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAPS.L | MVEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 2.88% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 6.11% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 8.61% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 11.61% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 11.94% | +7.33% |
CAPS.L vs. MVEA.L - Expense Ratio Comparison
CAPS.L has a 0.60% expense ratio, which is higher than MVEA.L's 0.20% expense ratio.
Dividends
CAPS.L vs. MVEA.L - Dividend Comparison
Neither CAPS.L nor MVEA.L has paid dividends to shareholders.
Frequently Asked Questions
CAPS.L and MVEA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.60% for CAPS.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for CAPS.L and 0.20% for MVEA.L.
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