IUVF.L vs. FASE.L
IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and FASE.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist)) are both exchange-traded funds - IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while FASE.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 5 years, IUVF.L returned 16.15%/yr vs 8.80%/yr for FASE.L. A 0.51 correlation means they provide meaningful diversification when combined. IUVF.L charges 0.20%/yr vs 0.12%/yr for FASE.L.
Performance
IUVF.L vs. FASE.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUVF.L achieves a 39.00% return, which is significantly higher than FASE.L's 5.81% return.
IUVF.L
- 1D
- 0.11%
- 1M
- -5.16%
- 6M
- 32.06%
- YTD
- 39.00%
- 1Y
- 69.68%
- 3Y*
- 27.21%
- 5Y*
- 16.15%
- 10Y*
- —
FASE.L
- 1D
- -0.02%
- 1M
- 2.25%
- 6M
- 4.01%
- YTD
- 5.81%
- 1Y
- 15.49%
- 3Y*
- 12.82%
- 5Y*
- 8.80%
- 10Y*
- —
IUVF.L vs. FASE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IUVF.L iShares Edge MSCI USA Value Factor UCITS | 39.00% | 23.92% | 8.23% | 8.28% | -4.63% | 14.44% |
FASE.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) | 5.81% | 20.17% | 9.31% | 4.95% | -2.71% | 15.34% |
Correlation
The correlation between IUVF.L and FASE.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021 | 0.51 |
The correlation between IUVF.L and FASE.L shifts across timeframes, from 0.32 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUVF.L vs. FASE.L — Risk / Return Rank
IUVF.L
FASE.L
IUVF.L vs. FASE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) (FASE.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.
| IUVF.L | FASE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.23 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 8.11 | 1.42 | +6.70 |
| Martin ratioReturn relative to average drawdown | 31.72 | 4.41 | +27.31 |
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Drawdowns
IUVF.L vs. FASE.L - Drawdown Comparison
The maximum IUVF.L drawdown since its inception was -31.83%, which is greater than FASE.L's maximum drawdown of -12.61%. Use the drawdown chart below to compare losses from any high point for IUVF.L and FASE.L.
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Drawdown Indicators
| IUVF.L | FASE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -12.61% | -19.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -10.89% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -12.20% | -7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -12.61% | -7.52% |
Current DrawdownCurrent decline from peak | -8.44% | -0.98% | -7.46% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -2.94% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.50% | -1.31% |
Volatility
IUVF.L vs. FASE.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 7.76% compared to Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) (FASE.L) at 3.68%. This indicates that IUVF.L's price experiences larger fluctuations and is considered to be riskier than FASE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVF.L | FASE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 3.68% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 9.99% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 12.22% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 13.07% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 12.95% | +5.11% |
IUVF.L vs. FASE.L - Expense Ratio Comparison
IUVF.L has a 0.20% expense ratio, which is higher than FASE.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
IUVF.L vs. FASE.L - Dividend Comparison
IUVF.L has not paid dividends to shareholders, while FASE.L's dividend yield for the trailing twelve months is around 2.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FASE.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) | 2.69% | 2.61% | 3.72% | 3.54% | 3.47% | 2.35% |
IUVF.L iShares Edge MSCI USA Value Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUVF.L and FASE.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FASE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FASE.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IUVF.L.
IUVF.L is categorized as Large Cap Value Equities, while FASE.L is Europe Equities. IUVF.L tracks Russell 1000 Value TR USD, while FASE.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 IUVF.L and 0.12% for FASE.L.
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