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IPRV.L vs. HVPE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPRV.L vs. HVPE.L

Last updated Jun 5, 2026

IPRV.L (iShares Listed Private Equity UCITS ETF USD (Dist)) is Financials Equities fund tracking the S&P Listed Private Equity Index, while HVPE.L (HarbourVest Global Private Equity Ltd) is a stock. Over the past 10 years, IPRV.L returned 12.65%/yr vs 13.97%/yr for HVPE.L. At a 0.29 correlation, their price movements are largely independent.

Performance

IPRV.L vs. HVPE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and HarbourVest Global Private Equity Ltd (HVPE.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IPRV.L achieves a -12.08% return, which is significantly lower than HVPE.L's 9.09% return. Over the past 10 years, IPRV.L has underperformed HVPE.L with an annualized return of 12.65%, while HVPE.L has yielded a comparatively higher 13.97% annualized return.

IPRV.L

1D
2.62%
1M
-2.90%
YTD
-12.08%
6M
-10.54%
1Y
-7.71%
3Y*
10.33%
5Y*
6.33%
10Y*
12.65%

HVPE.L

1D
1.79%
1M
5.56%
YTD
9.09%
6M
10.50%
1Y
43.70%
3Y*
15.58%
5Y*
10.51%
10Y*
13.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPRV.L vs. HVPE.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		-12.08%-4.65%26.96%32.91%-19.32%45.11%2.39%40.72%-7.63%15.66%
HVPE.L
HarbourVest Global Private Equity Ltd		9.09%18.08%12.50%4.66%-21.43%47.48%8.23%33.38%8.36%7.71%

Correlation

The correlation between IPRV.L and HVPE.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.32

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

0.40

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

0.37

Correlation (All Time)
Calculated using the full available price history since May 13, 2010

0.29

The correlation between IPRV.L and HVPE.L shifts across timeframes, from 0.29 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.

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iShares Listed Private Equity UCITS ETF USD (Dist)

HarbourVest Global Private Equity Ltd

Often compared with IPRV.L:
IPRV.L vs. SPYIPRV.L vs. QQQ3.LIPRV.L vs. IWMO.LIPRV.L vs. BRK-BIPRV.L vs. BXIPRV.L vs. SWDA.LIPRV.L vs. HMWO.L
Often compared with HVPE.L:
HVPE.L vs. HGT.LHVPE.L vs. JPEL.LHVPE.L vs. SWDA.LHVPE.L vs. FNGUHVPE.L vs. VOOHVPE.L vs. BRK-BHVPE.L vs. ^NDX

Return for Risk

IPRV.L vs. HVPE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IPRV.L
IPRV.L Risk / Return Rank: 66
Overall Rank
IPRV.L Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IPRV.L Sortino Ratio Rank: 55
Sortino Ratio Rank
IPRV.L Omega Ratio Rank: 55
Omega Ratio Rank
IPRV.L Calmar Ratio Rank: 66
Calmar Ratio Rank
IPRV.L Martin Ratio Rank: 66
Martin Ratio Rank
HVPE.L
HVPE.L Risk / Return Rank: 9090
Overall Rank
HVPE.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
HVPE.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
HVPE.L Omega Ratio Rank: 9191
Omega Ratio Rank
HVPE.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
HVPE.L Martin Ratio Rank: 9191
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.

IPRV.L vs. HVPE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and HarbourVest Global Private Equity Ltd (HVPE.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.

IPRV.LHVPE.LDifference
Sharpe ratioReturn per unit of total volatility
-0.41
2.49

-2.89

Sortino ratioReturn per unit of downside risk
-0.45
3.32

-3.77

Omega ratioGain probability vs. loss probability

0.95

1.45

-0.50

Calmar ratioReturn relative to maximum drawdown

-0.33

4.00

-4.33

Martin ratioReturn relative to average drawdown

-0.69

13.21

-13.90

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

IPRV.L vs. HVPE.L - Sharpe Ratio Comparison

The current IPRV.L Sharpe Ratio is -0.41, which is lower than the HVPE.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of IPRV.L and HVPE.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.

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Sharpe Ratios by Period

IPRV.LHVPE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.41

2.49

-2.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.43

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.56

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.70

-0.53

Drawdowns

IPRV.L vs. HVPE.L - Drawdown Comparison

The maximum IPRV.L drawdown since its inception was -74.08%, which is greater than HVPE.L's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for IPRV.L and HVPE.L.

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Drawdown Indicators

IPRV.LHVPE.LDifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-50.70%

-23.38%

Max Drawdown (1Y)

Largest decline over 1 year

-23.47%

-10.87%

-12.60%

Max Drawdown (3Y)

Largest decline over 3 years

-27.90%

-18.64%

-9.26%

Max Drawdown (5Y)

Largest decline over 5 years

-27.90%

-34.35%

+6.45%

Max Drawdown (10Y)

Largest decline over 10 years

-44.53%

-50.70%

+6.17%

Current Drawdown

Current decline from peak

-22.45%

-0.87%

-21.58%

Average Drawdown

Average peak-to-trough decline

-11.64%

-7.58%

-4.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.08%

3.30%

+7.78%

Volatility

IPRV.L vs. HVPE.L - Volatility Comparison

iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and HarbourVest Global Private Equity Ltd (HVPE.L) have volatilities of 5.75% and 5.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IPRV.LHVPE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.75%

5.90%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

15.11%

13.27%

+1.84%

Volatility (1Y)

Calculated over the trailing 1-year period

18.90%

17.49%

+1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

24.18%

-4.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.36%

24.91%

-4.55%

Dividends

IPRV.L vs. HVPE.L - Dividend Comparison

IPRV.L's dividend yield for the trailing twelve months is around 5.23%, while HVPE.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HVPE.L
HarbourVest Global Private Equity Ltd		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		5.23%3.98%3.81%4.27%5.26%3.42%4.85%4.28%6.46%6.70%5.33%8.21%

Frequently Asked Questions

IPRV.L and HVPE.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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