HDLV.L vs. IESU.L
HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - HDLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 10 years, HDLV.L returned 6.77%/yr vs 8.78%/yr for IESU.L. A 0.53 correlation means they provide meaningful diversification when combined. HDLV.L charges 0.30%/yr vs 0.15%/yr for IESU.L.
Performance
HDLV.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
HDLV.L is traded in USD, while IESU.L is traded in GBp. To make them comparable, the IESU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDLV.L achieves a 13.01% return, which is significantly lower than IESU.L's 28.54% return. Over the past 10 years, HDLV.L has underperformed IESU.L with an annualized return of 6.77%, while IESU.L has yielded a comparatively higher 8.78% annualized return.
HDLV.L
- 1D
- 0.58%
- 1M
- 5.47%
- 6M
- 10.68%
- YTD
- 13.01%
- 1Y
- 15.42%
- 3Y*
- 12.28%
- 5Y*
- 7.64%
- 10Y*
- 6.77%
IESU.L
- 1D
- 0.85%
- 1M
- 6.06%
- 6M
- 21.20%
- YTD
- 28.54%
- 1Y
- 36.33%
- 3Y*
- 14.63%
- 5Y*
- 22.27%
- 10Y*
- 8.78%
HDLV.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 13.01% | 3.58% | 16.39% | 1.20% | 0.44% | 24.81% | -10.91% | 18.81% | -7.12% | 11.37% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.54% | 9.98% | 3.69% | -1.00% | 63.91% | 52.43% | -33.64% | 9.60% | -18.29% | -1.45% |
Correlation
The correlation between HDLV.L and IESU.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.53 |
Over the past year, the correlation between HDLV.L and IESU.L has dropped to 0.24 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.L vs. IESU.L — Risk / Return Rank
HDLV.L
IESU.L
HDLV.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| HDLV.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.21 | -0.06 |
| Martin ratioReturn relative to average drawdown | 4.85 | 5.65 | -0.80 |
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Drawdowns
HDLV.L vs. IESU.L - Drawdown Comparison
The maximum HDLV.L drawdown since its inception was -41.00%, smaller than the maximum IESU.L drawdown of -72.57%. Use the drawdown chart below to compare losses from any high point for HDLV.L and IESU.L.
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Drawdown Indicators
| HDLV.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.00% | -72.57% | +31.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -16.37% | +9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -22.55% | +7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.04% | -27.74% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -41.00% | -66.85% | +25.85% |
Current DrawdownCurrent decline from peak | 0.00% | -8.87% | +8.87% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -24.88% | +19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 6.42% | -3.25% |
Volatility
HDLV.L vs. IESU.L - Volatility Comparison
The current volatility for Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) is 3.90%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 6.97%. This indicates that HDLV.L experiences smaller price fluctuations and is considered to be less risky than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 6.97% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 21.03% | -12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 23.89% | -12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 29.47% | -15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 29.81% | -13.68% |
HDLV.L vs. IESU.L - Expense Ratio Comparison
HDLV.L has a 0.30% expense ratio, which is higher than IESU.L's 0.15% expense ratio.
Dividends
HDLV.L vs. IESU.L - Dividend Comparison
HDLV.L's dividend yield for the trailing twelve months is around 3.42%, while IESU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 3.42% | 3.91% | 3.54% | 4.04% | 3.56% | 3.37% | 4.35% | 3.69% | 3.79% | 3.07% | 3.07% | 1.89% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLV.L and IESU.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.30% for HDLV.L.
HDLV.L is categorized as S&P 500, while IESU.L is Energy Equities. HDLV.L tracks S&P 500 Low Volatility High Dividend Index, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for HDLV.L and 0.15% for IESU.L.
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