IUVF.L vs. IUAA.L
IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) are both exchange-traded funds - IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while IUAA.L is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, IUVF.L returned 16.97%/yr vs 1.03%/yr for IUAA.L. At a 0.11 correlation, their price movements are largely independent. IUVF.L charges 0.20%/yr vs 0.25%/yr for IUAA.L.
Performance
IUVF.L vs. IUAA.L - Performance Comparison
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Different Trading Currencies
IUVF.L is traded in GBp, while IUAA.L is traded in USD. To make them comparable, the IUAA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUVF.L achieves a 46.62% return, which is significantly higher than IUAA.L's 0.30% return.
IUVF.L
- 1D
- -0.97%
- 1M
- 16.86%
- YTD
- 46.62%
- 6M
- 49.54%
- 1Y
- 90.82%
- 3Y*
- 29.97%
- 5Y*
- 16.97%
- 10Y*
- —
IUAA.L
- 1D
- 0.33%
- 1M
- 1.04%
- YTD
- 0.30%
- 6M
- -0.21%
- 1Y
- 5.68%
- 3Y*
- 1.13%
- 5Y*
- 1.03%
- 10Y*
- —
IUVF.L vs. IUAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUVF.L iShares Edge MSCI USA Value Factor UCITS | 46.62% | 23.92% | 8.23% | 8.28% | -4.63% | 31.29% | -5.36% | 22.90% | -7.17% | 9.79% |
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | 0.30% | -0.37% | 3.05% | -0.37% | -2.45% | -1.09% | 3.94% | 4.57% | 5.52% | -5.94% |
Correlation
The correlation between IUVF.L and IUAA.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.11 |
The correlation between IUVF.L and IUAA.L shifts across timeframes, from 0.10 (5 years) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUVF.L vs. IUAA.L — Risk / Return Rank
IUVF.L
IUAA.L
IUVF.L vs. IUAA.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 iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.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.
| IUVF.L | IUAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.08 | ||
| Sortino ratioReturn per unit of downside risk | +6.57 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.15 | +0.89 |
| Calmar ratioReturn relative to maximum drawdown | 15.82 | 1.06 | +14.75 |
| Martin ratioReturn relative to average drawdown | 61.43 | 2.71 | +58.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUVF.L | IUAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.93 | 0.85 | +5.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.12 | +0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.08 | +0.75 |
Drawdowns
IUVF.L vs. IUAA.L - Drawdown Comparison
The maximum IUVF.L drawdown since its inception was -31.83%, which is greater than IUAA.L's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for IUVF.L and IUAA.L.
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Drawdown Indicators
| IUVF.L | IUAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -17.63% | -14.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -5.32% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -9.07% | -11.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -15.42% | -4.71% |
Current DrawdownCurrent decline from peak | -0.97% | -10.16% | +9.19% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -8.87% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.09% | -0.62% |
Volatility
IUVF.L vs. IUAA.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 6.56% compared to iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) at 1.98%. This indicates that IUVF.L's price experiences larger fluctuations and is considered to be riskier than IUAA.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 | IUAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 1.98% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 5.37% | +6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 6.69% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 8.88% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 9.04% | +9.39% |
IUVF.L vs. IUAA.L - Expense Ratio Comparison
IUVF.L has a 0.20% expense ratio, which is lower than IUAA.L's 0.25% 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
IUVF.L vs. IUAA.L - Dividend Comparison
Neither IUVF.L nor IUAA.L has paid dividends to shareholders.
Frequently Asked Questions
IUVF.L and IUAA.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVF.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IUAA.L.
IUVF.L is categorized as Large Cap Value Equities, while IUAA.L is Total Bond Market. IUVF.L tracks Russell 1000 Value TR USD, while IUAA.L tracks Bloomberg US Aggregate Bond Index. Their fees differ too: 0.20% for IUVF.L and 0.25% for IUAA.L.
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