IUVF.L vs. PSRF.L

Last updated Jun 5, 2026

IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and PSRF.L (Invesco FTSE RAFI US 1000 UCITS ETF) are both Large Cap Value Equities funds tracking the Russell 1000 Value TR USD, from iShares and Invesco respectively. Both are passively managed. Over the past 5 years, IUVF.L returned 16.97%/yr vs 13.21%/yr for PSRF.L. Their correlation of 0.87 suggests significant overlap in exposure. IUVF.L charges 0.20%/yr vs 0.39%/yr for PSRF.L.

Performance

IUVF.L vs. PSRF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and Invesco FTSE RAFI US 1000 UCITS ETF (PSRF.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUVF.L achieves a 46.62% return, which is significantly higher than PSRF.L's 15.57% 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*: —

PSRF.L

• 1D: 0.49%
• 1M: 4.95%
• YTD: 15.57%
• 6M: 16.01%
• 1Y: 33.91%
• 3Y*: 17.74%
• 5Y*: 13.21%
• 10Y*: 13.96%

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

IUVF.L vs. PSRF.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%	10.45%
PSRF.L Invesco FTSE RAFI US 1000 UCITS ETF	15.57%	8.58%	18.11%	9.53%	2.89%	32.90%	3.20%	22.49%	-4.27%	4.98%

Correlation

The correlation between IUVF.L and PSRF.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 3, 2016	0.87

The correlation between IUVF.L and PSRF.L shifts across timeframes, from 0.78 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

IUVF.L vs. PSRF.L - Sectors Allocation Comparison

Sectors	IUVF.L	PSRF.L
Technology	50.9%	21.4%
Financial Services	9.1%	15.5%
Healthcare	7.9%	12.1%
Consumer Cyclical	7.6%	8.4%
Communication Services	7.2%	10.9%
Industrials	6.4%	8.1%
Consumer Defensive	3.6%	6.5%
Energy	2.7%	8.7%
Utilities	1.7%	3.2%
Real Estate	1.6%	1.8%
Basic Materials	1.4%	3.4%

Return for Risk

IUVF.L vs. PSRF.L — Risk / Return Rank

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

IUVF.L

IUVF.L Risk / Return Rank: 98
IUVF.L Sharpe Ratio Rank: 98
IUVF.L Sortino Ratio Rank: 98
IUVF.L Omega Ratio Rank: 98
IUVF.L Calmar Ratio Rank: 98
IUVF.L Martin Ratio Rank: 98

PSRF.L

PSRF.L Risk / Return Rank: 94
PSRF.L Sharpe Ratio Rank: 94
PSRF.L Sortino Ratio Rank: 94
PSRF.L Omega Ratio Rank: 94
PSRF.L Calmar Ratio Rank: 94
PSRF.L Martin Ratio Rank: 94

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.

IUVF.L vs. PSRF.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 RAFI US 1000 UCITS ETF (PSRF.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	PSRF.L	Difference
Sharpe ratio: Return per unit of total volatility	5.93	3.61	+2.32
Sortino ratio: Return per unit of downside risk	7.82	4.89	+2.93
Omega ratio: Gain probability vs. loss probability	2.05	1.67	+0.38
Calmar ratio: Return relative to maximum drawdown	15.82	7.35	+8.47
Martin ratio: Return relative to average drawdown	61.43	27.04	+34.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUVF.L vs. PSRF.L - Sharpe Ratio Comparison

The current IUVF.L Sharpe Ratio is 5.93, which is higher than the PSRF.L Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of IUVF.L and PSRF.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.

Sharpe Ratios by Period

	IUVF.L	PSRF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.93	3.61	+2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	0.99	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.82	+0.01

Drawdowns

IUVF.L vs. PSRF.L - Drawdown Comparison

The maximum IUVF.L drawdown since its inception was -31.83%, smaller than the maximum PSRF.L drawdown of -38.37%. Use the drawdown chart below to compare losses from any high point for IUVF.L and PSRF.L.

Drawdown Indicators

	IUVF.L	PSRF.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.83%	-38.37%	+6.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.71%	-4.60%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-18.14%	-1.99%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-18.14%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.79%	—
Current Drawdown Current decline from peak	-0.97%	0.00%	-0.97%
Average Drawdown Average peak-to-trough decline	-5.67%	-4.15%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.25%	+0.22%

Volatility

IUVF.L vs. PSRF.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 6.56% compared to Invesco FTSE RAFI US 1000 UCITS ETF (PSRF.L) at 2.12%. This indicates that IUVF.L's price experiences larger fluctuations and is considered to be riskier than PSRF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUVF.L	PSRF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	2.12%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	6.29%	+5.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.24%	9.36%	+5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	13.32%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	15.79%	+2.64%

IUVF.L vs. PSRF.L - Expense Ratio Comparison

IUVF.L has a 0.20% expense ratio, which is lower than PSRF.L's 0.39% expense ratio.

Dividends

IUVF.L vs. PSRF.L - Dividend Comparison

IUVF.L has not paid dividends to shareholders, while PSRF.L's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUVF.L iShares Edge MSCI USA Value Factor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSRF.L Invesco FTSE RAFI US 1000 UCITS ETF	1.19%	1.37%	1.46%	1.59%	1.70%	1.29%	1.78%	1.67%	1.78%	1.60%	1.51%	1.64%

Frequently Asked Questions

Can I hold both IUVF.L and PSRF.L in my portfolio?

IUVF.L and PSRF.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUVF.L or PSRF.L?

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.

Which ETF is cheaper, IUVF.L or PSRF.L?

IUVF.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PSRF.L.

What is the main difference between IUVF.L and PSRF.L?

Both ETFs track Russell 1000 Value TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IUVF.L and 0.39% for PSRF.L.