IUVD.L vs. FASA.L

Last updated Jul 18, 2026

IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and FASA.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc)) are both exchange-traded funds - IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while FASA.L is a Europe Equities fund tracking the FTSE All-Share ex Investment Trusts ESG Climate Select Index. Both are passively managed. Over the past 3 years, IUVD.L returned 28.49%/yr vs 13.48%/yr for FASA.L. A 0.59 correlation means they provide meaningful diversification when combined. IUVD.L charges 0.20%/yr vs 0.12%/yr for FASA.L.

Performance

IUVD.L vs. FASA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUVD.L achieves a 39.02% return, which is significantly higher than FASA.L's 3.45% return.

IUVD.L

• 1D: -0.09%
• 1M: -4.80%
• 6M: 32.62%
• YTD: 39.02%
• 1Y: 70.29%
• 3Y*: 28.49%
• 5Y*: 15.56%
• 10Y*: —

FASA.L

• 1D: -0.14%
• 1M: 0.51%
• 6M: 2.07%
• YTD: 3.45%
• 1Y: 14.72%
• 3Y*: 13.48%
• 5Y*: —
• 10Y*: —

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

IUVD.L vs. FASA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	39.02%	32.95%	6.42%	14.65%	-14.91%	6.88%
FASA.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc)	3.45%	30.43%	7.54%	10.09%	-12.86%	2.61%

Correlation

The correlation between IUVD.L and FASA.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021	0.59

The correlation between IUVD.L and FASA.L shifts across timeframes, from 0.44 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IUVD.L vs. FASA.L — Risk / Return Rank

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

IUVD.L

IUVD.L Risk / Return Rank: 97
IUVD.L Sharpe Ratio Rank: 97
IUVD.L Sortino Ratio Rank: 97
IUVD.L Omega Ratio Rank: 96
IUVD.L Calmar Ratio Rank: 97
IUVD.L Martin Ratio Rank: 97

FASA.L

FASA.L Risk / Return Rank: 41
FASA.L Sharpe Ratio Rank: 45
FASA.L Sortino Ratio Rank: 44
FASA.L Omega Ratio Rank: 45
FASA.L Calmar Ratio Rank: 34
FASA.L Martin Ratio Rank: 36

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.

IUVD.L vs. FASA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.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.

	IUVD.L	FASA.L	Difference
Sharpe ratio: Return per unit of total volatility	3.76	1.04	+2.72
Sortino ratio: Return per unit of downside risk	5.06	1.51	+3.55
Omega ratio: Gain probability vs. loss probability	1.64	1.19	+0.45
Calmar ratio: Return relative to maximum drawdown	8.47	1.23	+7.24
Martin ratio: Return relative to average drawdown	28.96	3.73	+25.22

IUVD.L vs. FASA.L - Sharpe Ratio Comparison

The current IUVD.L Sharpe Ratio is 3.76, which is higher than the FASA.L Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of IUVD.L and FASA.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.

Drawdowns

IUVD.L vs. FASA.L - Drawdown Comparison

The maximum IUVD.L drawdown since its inception was -39.64%, which is greater than FASA.L's maximum drawdown of -28.93%. Use the drawdown chart below to compare losses from any high point for IUVD.L and FASA.L.

Drawdown Indicators

	IUVD.L	FASA.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-28.93%	-10.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-11.73%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	-12.32%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	-26.67%	—	—
Current Drawdown Current decline from peak	-6.82%	-3.41%	-3.41%
Average Drawdown Average peak-to-trough decline	-8.04%	-6.78%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	3.88%	-1.46%

Volatility

IUVD.L vs. FASA.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.79% compared to Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.L) at 3.88%. This indicates that IUVD.L's price experiences larger fluctuations and is considered to be riskier than FASA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUVD.L	FASA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	3.88%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	16.18%	11.52%	+4.66%
Volatility (1Y) Calculated over the trailing 1-year period	18.61%	13.92%	+4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	16.89%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	16.89%	+3.07%

IUVD.L vs. FASA.L - Expense Ratio Comparison

IUVD.L has a 0.20% expense ratio, which is higher than FASA.L's 0.12% 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

IUVD.L vs. FASA.L - Dividend Comparison

IUVD.L's dividend yield for the trailing twelve months is around 1.20%, while FASA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FASA.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	1.20%	1.64%	2.24%	2.27%	2.61%	1.84%	2.26%	2.26%	1.73%

Frequently Asked Questions

Can I hold both IUVD.L and FASA.L in my portfolio?

IUVD.L and FASA.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUVD.L or FASA.L?

On fees, FASA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUVD.L or FASA.L?

FASA.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IUVD.L.

What is the main difference between IUVD.L and FASA.L?

IUVD.L is categorized as Large Cap Value Equities, while FASA.L is Europe Equities. IUVD.L tracks Russell 1000 Value TR USD, while FASA.L tracks FTSE All-Share ex Investment Trusts ESG Climate Select Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IUVD.L and 0.12% for FASA.L.