PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HDLV.L vs. IUSA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDLV.L vs. IUSA.L

Last updated Jun 5, 2026

HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds - HDLV.L tracks the S&P 500 Low Volatility High Dividend Index while IUSA.L tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, HDLV.L returned 6.48%/yr vs 15.68%/yr for IUSA.L. A 0.58 correlation means they provide meaningful diversification when combined. HDLV.L charges 0.30%/yr vs 0.07%/yr for IUSA.L.

Performance

HDLV.L vs. IUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) and iShares S&P 500 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

HDLV.L is traded in USD, while IUSA.L is traded in GBp. To make them comparable, the IUSA.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 4.40% return, which is significantly lower than IUSA.L's 10.40% return. Over the past 10 years, HDLV.L has underperformed IUSA.L with an annualized return of 6.48%, while IUSA.L has yielded a comparatively higher 15.68% annualized return.

HDLV.L

1D
0.05%
1M
-0.81%
YTD
4.40%
6M
5.28%
1Y
9.20%
3Y*
10.98%
5Y*
5.04%
10Y*
6.48%

IUSA.L

1D
0.08%
1M
4.65%
YTD
10.40%
6M
11.47%
1Y
28.32%
3Y*
22.50%
5Y*
14.11%
10Y*
15.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDLV.L vs. IUSA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HDLV.L
Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist		4.40%3.58%16.39%1.20%0.46%24.79%-10.93%18.82%-7.10%11.38%
IUSA.L
iShares S&P 500 UCITS Dist		10.41%17.97%25.60%26.58%-18.47%30.35%17.64%32.16%-5.18%21.78%

Correlation

The correlation between HDLV.L and IUSA.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.13

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

0.29

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

0.49

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

0.56

Correlation (All Time)
Calculated using the full available price history since May 13, 2015

0.58

Over the past year, the correlation between HDLV.L and IUSA.L has dropped to 0.13 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

HDLV.L vs. IUSA.L - Sectors Allocation Comparison

Sectors
HDLV.L
IUSA.L

Real Estate

20.1%
1.9%

Consumer Defensive

17.8%
4.7%

Financial Services

15.6%
11.1%

Energy

14.1%
3.2%

Utilities

13.7%
2.2%

Communication Services

8.6%
10.9%

Healthcare

5.1%
8.3%

Consumer Cyclical

3.4%
10.0%

Technology

1.4%
38.2%

Industrials

0.0%
7.9%

Basic Materials

-

1.7%

Real Estate

HDLV.L
20.1%
IUSA.L
1.9%

Consumer Defensive

HDLV.L
17.8%
IUSA.L
4.7%

Financial Services

HDLV.L
15.6%
IUSA.L
11.1%

Energy

HDLV.L
14.1%
IUSA.L
3.2%

Utilities

HDLV.L
13.7%
IUSA.L
2.2%

Communication Services

HDLV.L
8.6%
IUSA.L
10.9%

Healthcare

HDLV.L
5.1%
IUSA.L
8.3%

Consumer Cyclical

HDLV.L
3.4%
IUSA.L
10.0%

Technology

HDLV.L
1.4%
IUSA.L
38.2%

Industrials

HDLV.L
0.0%
IUSA.L
7.9%

Basic Materials

HDLV.L

-

IUSA.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist

iShares S&P 500 UCITS Dist

Often compared with HDLV.L:
HDLV.L vs. VWRA.LHDLV.L vs. UDVD.LHDLV.L vs. VHYD.LHDLV.L vs. S5SD.LHDLV.L vs. XDIV.TOHDLV.L vs. SPXP.LHDLV.L vs. SPLV
Often compared with IUSA.L:
IUSA.L vs. CSP1.LIUSA.L vs. VUAA.LIUSA.L vs. IAPD.ASIUSA.L vs. SPX5.LIUSA.L vs. SPXP.LIUSA.L vs. VOOIUSA.L vs. IVV

Return for Risk

HDLV.L vs. IUSA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDLV.L
HDLV.L Risk / Return Rank: 2323
Overall Rank
HDLV.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
HDLV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
HDLV.L Omega Ratio Rank: 2222
Omega Ratio Rank
HDLV.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
HDLV.L Martin Ratio Rank: 2323
Martin Ratio Rank
IUSA.L
IUSA.L Risk / Return Rank: 8484
Overall Rank
IUSA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IUSA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IUSA.L Omega Ratio Rank: 8686
Omega Ratio Rank
IUSA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
IUSA.L Martin Ratio Rank: 8080
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.

HDLV.L vs. IUSA.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 UCITS Dist (IUSA.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.

HDLV.LIUSA.LDifference
Sharpe ratioReturn per unit of total volatility
0.82
2.55

-1.73

Sortino ratioReturn per unit of downside risk
1.25
3.68

-2.43

Omega ratioGain probability vs. loss probability

1.14

1.46

-0.32

Calmar ratioReturn relative to maximum drawdown

1.21

3.28

-2.07

Martin ratioReturn relative to average drawdown

2.80

14.20

-11.40

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

HDLV.L vs. IUSA.L - Sharpe Ratio Comparison

The current HDLV.L Sharpe Ratio is 0.82, which is lower than the IUSA.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of HDLV.L and IUSA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HDLV.LIUSA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

2.55

-1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.90

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.97

-0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.61

-0.14

Drawdowns

HDLV.L vs. IUSA.L - Drawdown Comparison

The maximum HDLV.L drawdown since its inception was -41.02%, smaller than the maximum IUSA.L drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for HDLV.L and IUSA.L.

Loading charts...

Drawdown Indicators

HDLV.LIUSA.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.02%

-54.80%

+13.78%

Max Drawdown (1Y)

Largest decline over 1 year

-7.16%

-8.60%

+1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-14.59%

-19.12%

+4.53%

Max Drawdown (5Y)

Largest decline over 5 years

-20.04%

-25.00%

+4.96%

Max Drawdown (10Y)

Largest decline over 10 years

-41.02%

-33.42%

-7.60%

Current Drawdown

Current decline from peak

-5.15%

-0.53%

-4.62%

Average Drawdown

Average peak-to-trough decline

-5.70%

-7.66%

+1.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

1.99%

+1.11%

Volatility

HDLV.L vs. IUSA.L - Volatility Comparison

Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) has a higher volatility of 3.06% compared to iShares S&P 500 UCITS Dist (IUSA.L) at 2.57%. This indicates that HDLV.L's price experiences larger fluctuations and is considered to be riskier than IUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HDLV.LIUSA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

2.57%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

7.60%

7.97%

-0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

10.52%

11.04%

-0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.99%

15.67%

-1.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.16%

16.16%

0.00%

HDLV.L vs. IUSA.L - Expense Ratio Comparison

HDLV.L has a 0.30% expense ratio, which is higher than IUSA.L's 0.07% expense ratio.

Dividends

HDLV.L vs. IUSA.L - Dividend Comparison

HDLV.L's dividend yield for the trailing twelve months is around 3.74%, more than IUSA.L's 1.15% yield.

PositionTTM20252024202320222021202020192018201720162015
HDLV.L
Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist		3.74%3.91%3.54%4.04%3.56%3.37%4.35%3.69%3.79%3.07%3.07%1.89%
IUSA.L
iShares S&P 500 UCITS Dist		1.15%1.24%1.28%1.55%1.74%1.39%1.80%1.96%2.22%1.95%1.75%2.29%

Frequently Asked Questions

HDLV.L and IUSA.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.30% for HDLV.L.

HDLV.L tracks S&P 500 Low Volatility High Dividend Index, while IUSA.L tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for HDLV.L and 0.07% for IUSA.L.

Portfolio Optimizer

Find the right allocation for HDLV.L and IUSA.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer