IUMS.L vs. SPXS.L
IUMS.L (iShares S&P 500 Materials Sector UCITS ETF USD (Acc)) and SPXS.L (Invesco S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds - IUMS.L tracks the S&P 500 Capped 35/20 Materials Index NTR while SPXS.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, IUMS.L returned 6.05%/yr vs -55.04%/yr for SPXS.L. A 0.71 correlation means they provide meaningful diversification when combined. IUMS.L charges 0.15%/yr vs 0.05%/yr for SPXS.L.
Performance
IUMS.L vs. SPXS.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 SPXS.L's 8.95% 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*
- —
SPXS.L
- 1D
- -1.32%
- 1M
- -0.60%
- 6M
- 8.00%
- YTD
- 8.95%
- 1Y
- -98.80%
- 3Y*
- -74.24%
- 5Y*
- -55.04%
- 10Y*
- -27.46%
IUMS.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 8.95% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 30.86% | -5.19% | 15.94% |
Correlation
The correlation between IUMS.L and SPXS.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2017 | 0.71 |
Over the past year, the correlation between IUMS.L and SPXS.L has dropped to 0.50 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
IUMS.L vs. SPXS.L — Risk / Return Rank
IUMS.L
SPXS.L
IUMS.L vs. SPXS.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 Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.51 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -1.00 | +2.27 |
| Martin ratioReturn relative to average drawdown | 3.56 | -1.22 | +4.79 |
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Drawdowns
IUMS.L vs. SPXS.L - Drawdown Comparison
The maximum IUMS.L drawdown since its inception was -35.83%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for IUMS.L and SPXS.L.
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Drawdown Indicators
| IUMS.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.83% | -99.07% | +63.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -99.07% | +87.58% |
Max Drawdown (3Y)Largest decline over 3 years | -22.86% | -99.07% | +76.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -99.07% | +73.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -4.90% | -98.91% | +94.01% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -7.69% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 80.82% | -76.71% |
Volatility
IUMS.L vs. SPXS.L - Volatility Comparison
iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IUMS.L) has a higher volatility of 5.30% compared to Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.L) at 3.01%. This indicates that IUMS.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 3.01% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 9.33% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 99.43% | -82.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 47.12% | -28.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.05% | 35.28% | -15.23% |
IUMS.L vs. SPXS.L - Expense Ratio Comparison
IUMS.L has a 0.15% expense ratio, which is higher than SPXS.L's 0.05% expense ratio. However, 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. SPXS.L - Dividend Comparison
Neither IUMS.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
IUMS.L and SPXS.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.15% for IUMS.L.
IUMS.L tracks S&P 500 Capped 35/20 Materials Index NTR, while SPXS.L tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IUMS.L and 0.05% for SPXS.L.
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