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ISP6.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISP6.L vs. MVOL.L

Last updated Jul 18, 2026
Documentation

ISP6.L (iShares S&P SmallCap 600 UCITS ETF) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, ISP6.L returned 9.92%/yr vs 6.55%/yr for MVOL.L. A 0.56 correlation means they provide meaningful diversification when combined. ISP6.L charges 0.40%/yr vs 0.35%/yr for MVOL.L.

Performance

ISP6.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISP6.L is traded in GBp, while MVOL.L is traded in USD. To make them comparable, the MVOL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISP6.L achieves a 19.53% return, which is significantly higher than MVOL.L's 2.74% return. Over the past 10 years, ISP6.L has outperformed MVOL.L with an annualized return of 9.92%, while MVOL.L has yielded a comparatively lower 6.55% annualized return.

ISP6.L

1D
-1.07%
1M
0.54%
6M
12.95%
YTD
19.53%
1Y
30.48%
3Y*
12.10%
5Y*
7.74%
10Y*
9.92%

MVOL.L

1D
0.82%
1M
0.73%
6M
2.28%
YTD
2.74%
1Y
4.39%
3Y*
8.03%
5Y*
5.58%
10Y*
6.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISP6.L vs. MVOL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		19.53%-0.91%8.76%10.98%-6.72%27.86%6.87%17.51%-4.56%3.05%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		2.74%3.11%13.02%1.92%1.12%15.73%-0.45%17.90%3.39%7.24%

Correlation

The correlation between ISP6.L and MVOL.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.42

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

0.47

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

0.53

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.56

Over the past year, the correlation between ISP6.L and MVOL.L has dropped to 0.28 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

ISP6.L vs. MVOL.L - Sectors Allocation Comparison

Sectors
ISP6.L
MVOL.L

Technology

17.3%
24.0%

Financial Services

16.5%
13.1%

Industrials

15.1%
8.9%

Consumer Cyclical

13.1%
5.2%

Healthcare

11.0%
13.8%

Real Estate

7.5%
1.1%

Energy

5.4%
4.0%

Basic Materials

5.0%
0.9%

Communication Services

3.6%
11.4%

Consumer Defensive

3.6%
10.3%

Utilities

1.9%
7.4%

Technology

ISP6.L
17.3%
MVOL.L
24.0%

Financial Services

ISP6.L
16.5%
MVOL.L
13.1%

Industrials

ISP6.L
15.1%
MVOL.L
8.9%

Consumer Cyclical

ISP6.L
13.1%
MVOL.L
5.2%

Healthcare

ISP6.L
11.0%
MVOL.L
13.8%

Real Estate

ISP6.L
7.5%
MVOL.L
1.1%

Energy

ISP6.L
5.4%
MVOL.L
4.0%

Basic Materials

ISP6.L
5.0%
MVOL.L
0.9%

Communication Services

ISP6.L
3.6%
MVOL.L
11.4%

Consumer Defensive

ISP6.L
3.6%
MVOL.L
10.3%

Utilities

ISP6.L
1.9%
MVOL.L
7.4%

Compare stocks, funds, or ETFs

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

iShares S&P SmallCap 600 UCITS ETF

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with ISP6.L:
ISP6.L vs. IJRISP6.L vs. IEEM.LISP6.L vs. USSC.LISP6.L vs. IWMISP6.L vs. CSPX.ASISP6.L vs. VIGISP6.L vs. VOO
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

ISP6.L vs. MVOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISP6.L
ISP6.L Risk / Return Rank: 8282
Overall Rank
ISP6.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
ISP6.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISP6.L Omega Ratio Rank: 7777
Omega Ratio Rank
ISP6.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
ISP6.L Martin Ratio Rank: 8686
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 2020
Overall Rank
MVOL.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1919
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1919
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 2020
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.

ISP6.L vs. MVOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.

ISP6.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
1.97
0.47

+1.49

Sortino ratioReturn per unit of downside risk
2.74
0.73

+2.01

Omega ratioGain probability vs. loss probability

1.35

1.09

+0.26

Calmar ratioReturn relative to maximum drawdown

4.57

0.74

+3.82

Martin ratioReturn relative to average drawdown

13.61

1.79

+11.82

ISP6.L vs. MVOL.L - Sharpe Ratio Comparison

The current ISP6.L Sharpe Ratio is 1.97, which is higher than the MVOL.L Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of ISP6.L and MVOL.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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Drawdowns

ISP6.L vs. MVOL.L - Drawdown Comparison

The maximum ISP6.L drawdown since its inception was -66.35%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for ISP6.L and MVOL.L.

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Drawdown Indicators

ISP6.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-66.35%

-20.24%

-46.11%

Max Drawdown (1Y)

Largest decline over 1 year

-6.45%

-5.89%

-0.56%

Max Drawdown (3Y)

Largest decline over 3 years

-30.26%

-8.79%

-21.47%

Max Drawdown (5Y)

Largest decline over 5 years

-30.26%

-10.44%

-19.82%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-20.24%

-18.84%

Current Drawdown

Current decline from peak

-3.45%

-1.82%

-1.63%

Average Drawdown

Average peak-to-trough decline

-15.49%

-3.61%

-11.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

2.45%

-0.28%

Volatility

ISP6.L vs. MVOL.L - Volatility Comparison

iShares S&P SmallCap 600 UCITS ETF (ISP6.L) has a higher volatility of 4.43% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 3.45%. This indicates that ISP6.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISP6.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.43%

3.45%

+0.98%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

7.47%

+3.38%

Volatility (1Y)

Calculated over the trailing 1-year period

15.22%

9.22%

+6.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.08%

10.71%

+8.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

12.18%

+8.20%

ISP6.L vs. MVOL.L - Expense Ratio Comparison

ISP6.L has a 0.40% expense ratio, which is higher than MVOL.L's 0.35% expense ratio.

Dividends

ISP6.L vs. MVOL.L - Dividend Comparison

ISP6.L's dividend yield for the trailing twelve months is around 0.53%, while MVOL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		0.53%1.22%1.15%1.08%1.00%0.65%0.94%0.97%0.96%0.78%0.77%0.53%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		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

ISP6.L and MVOL.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.40% for ISP6.L.

ISP6.L is categorized as Small Cap Blend Equities, while MVOL.L is Global Equities. ISP6.L tracks Russell 2000 TR USD, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.40% for ISP6.L and 0.35% for MVOL.L.

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