IMID.L vs. LVLC.DE

Last updated Jun 5, 2026

IMID.L (SPDR MSCI ACWI IMI) and LVLC.DE (Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc) are both Global Equities funds - IMID.L tracks the MSCI ACWI NR USD while LVLC.DE tracks the Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon. Both are passively managed. Over the past 3 years, IMID.L returned 20.83%/yr vs 15.77%/yr for LVLC.DE. A 0.78 correlation means they provide meaningful diversification when combined. IMID.L charges 0.40%/yr vs 0.25%/yr for LVLC.DE.

Performance

IMID.L vs. LVLC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI ACWI IMI (IMID.L) and Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IMID.L is traded in USD, while LVLC.DE is traded in EUR. To make them comparable, the LVLC.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IMID.L achieves a 12.35% return, which is significantly higher than LVLC.DE's 3.65% return.

IMID.L

• 1D: 0.04%
• 1M: 4.45%
• YTD: 12.35%
• 6M: 13.70%
• 1Y: 30.09%
• 3Y*: 20.83%
• 5Y*: 10.97%
• 10Y*: —

LVLC.DE

• 1D: 0.01%
• 1M: 2.87%
• YTD: 3.65%
• 6M: 5.76%
• 1Y: 12.13%
• 3Y*: 15.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IMID.L vs. LVLC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IMID.L SPDR MSCI ACWI IMI	12.35%	22.16%	16.31%	21.65%	-0.52%
LVLC.DE Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc	3.65%	19.56%	16.80%	13.38%	0.84%

Correlation

The correlation between IMID.L and LVLC.DE is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 22, 2022	0.78

The correlation between IMID.L and LVLC.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

Return for Risk

IMID.L vs. LVLC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMID.L

IMID.L Risk / Return Rank: 75
IMID.L Sharpe Ratio Rank: 74
IMID.L Sortino Ratio Rank: 80
IMID.L Omega Ratio Rank: 75
IMID.L Calmar Ratio Rank: 70
IMID.L Martin Ratio Rank: 75

LVLC.DE

LVLC.DE Risk / Return Rank: 35
LVLC.DE Sharpe Ratio Rank: 33
LVLC.DE Sortino Ratio Rank: 32
LVLC.DE Omega Ratio Rank: 33
LVLC.DE Calmar Ratio Rank: 38
LVLC.DE Martin Ratio Rank: 41

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.

IMID.L vs. LVLC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI (IMID.L) and Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.DE). 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.

	IMID.L	LVLC.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.30	+1.07
Sortino ratio: Return per unit of downside risk	3.52	1.95	+1.57
Omega ratio: Gain probability vs. loss probability	1.44	1.23	+0.20
Calmar ratio: Return relative to maximum drawdown	3.43	1.53	+1.90
Martin ratio: Return relative to average drawdown	14.20	6.42	+7.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMID.L vs. LVLC.DE - Sharpe Ratio Comparison

The current IMID.L Sharpe Ratio is 2.37, which is higher than the LVLC.DE Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of IMID.L and LVLC.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IMID.L	LVLC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.30	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.19	-0.63

Drawdowns

IMID.L vs. LVLC.DE - Drawdown Comparison

The maximum IMID.L drawdown since its inception was -39.56%, which is greater than LVLC.DE's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for IMID.L and LVLC.DE.

Drawdown Indicators

	IMID.L	LVLC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-39.56%	-12.75%	-26.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-7.87%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-17.21%	-12.13%	-5.08%
Max Drawdown (5Y) Largest decline over 5 years	-26.07%	—	—
Current Drawdown Current decline from peak	-0.64%	-0.64%	0.00%
Average Drawdown Average peak-to-trough decline	-5.40%	-1.89%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.89%	+0.22%

Volatility

IMID.L vs. LVLC.DE - Volatility Comparison

SPDR MSCI ACWI IMI (IMID.L) has a higher volatility of 3.74% compared to Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.DE) at 2.11%. This indicates that IMID.L's price experiences larger fluctuations and is considered to be riskier than LVLC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMID.L	LVLC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	2.11%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	6.99%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	9.33%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	11.61%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	11.61%	+9.62%

IMID.L vs. LVLC.DE - Expense Ratio Comparison

IMID.L has a 0.40% expense ratio, which is higher than LVLC.DE's 0.25% expense ratio.

Dividends

IMID.L vs. LVLC.DE - Dividend Comparison

Neither IMID.L nor LVLC.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IMID.L and LVLC.DE in my portfolio?

IMID.L and LVLC.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMID.L or LVLC.DE?

On fees, LVLC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMID.L or LVLC.DE?

LVLC.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for IMID.L.

What is the main difference between IMID.L and LVLC.DE?

IMID.L tracks MSCI ACWI NR USD, while LVLC.DE tracks Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for IMID.L and 0.25% for LVLC.DE.