IUMS.L vs. SPMV.L
IUMS.L (iShares S&P 500 Materials Sector UCITS ETF USD (Acc)) and SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds from iShares - IUMS.L tracks the S&P 500 Capped 35/20 Materials Index NTR while SPMV.L tracks the S&P 500 Minimum Volatility Net in USD. Both are passively managed. Over the past 5 years, IUMS.L returned 6.05%/yr vs 8.28%/yr for SPMV.L. A 0.68 correlation means they provide meaningful diversification when combined. IUMS.L charges 0.15%/yr vs 0.20%/yr for SPMV.L.
Performance
IUMS.L vs. SPMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUMS.L achieves a 10.83% return, which is significantly higher than SPMV.L's 4.24% return.
IUMS.L
- 1D
- 0.00%
- 1M
- -4.17%
- 6M
- 4.36%
- YTD
- 10.83%
- 1Y
- 14.66%
- 3Y*
- 7.91%
- 5Y*
- 6.05%
- 10Y*
- —
SPMV.L
- 1D
- -0.19%
- 1M
- 0.14%
- 6M
- 4.46%
- YTD
- 4.24%
- 1Y
- 10.52%
- 3Y*
- 12.84%
- 5Y*
- 8.28%
- 10Y*
- 9.98%
IUMS.L vs. SPMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUMS.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc) | 10.83% | 10.92% | -0.97% | 12.43% | -11.90% | 26.93% | 20.54% | 22.81% | -14.90% | 18.00% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.24% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 12.46% |
Correlation
The correlation between IUMS.L and SPMV.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2017 | 0.68 |
The correlation between IUMS.L and SPMV.L shifts across timeframes, from 0.55 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUMS.L vs. SPMV.L — Risk / Return Rank
IUMS.L
SPMV.L
IUMS.L vs. SPMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IUMS.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.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.
| IUMS.L | SPMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.68 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.56 | 6.62 | -3.05 |
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Drawdowns
IUMS.L vs. SPMV.L - Drawdown Comparison
The maximum IUMS.L drawdown since its inception was -35.83%, which is greater than SPMV.L's maximum drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for IUMS.L and SPMV.L.
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Drawdown Indicators
| IUMS.L | SPMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.83% | -33.34% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -6.23% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.86% | -12.31% | -10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -18.58% | -6.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -4.90% | -0.75% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -3.13% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.59% | +2.52% |
Volatility
IUMS.L vs. SPMV.L - Volatility Comparison
iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IUMS.L) has a higher volatility of 5.30% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) at 1.82%. This indicates that IUMS.L's price experiences larger fluctuations and is considered to be riskier than SPMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUMS.L | SPMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 1.82% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 6.37% | +7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 8.50% | +8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 12.67% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.05% | 13.77% | +6.28% |
IUMS.L vs. SPMV.L - Expense Ratio Comparison
IUMS.L has a 0.15% expense ratio, which is lower than SPMV.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUMS.L vs. SPMV.L - Dividend Comparison
Neither IUMS.L nor SPMV.L has paid dividends to shareholders.
Frequently Asked Questions
IUMS.L and SPMV.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUMS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUMS.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPMV.L.
IUMS.L tracks S&P 500 Capped 35/20 Materials Index NTR, while SPMV.L tracks S&P 500 Minimum Volatility Net in USD. Their fees differ too: 0.15% for IUMS.L and 0.20% for SPMV.L.
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