IUVF.L vs. VIVAX

Last updated Jun 4, 2026

IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and VIVAX (Vanguard Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, IUVF.L returned 17.20%/yr vs 12.08%/yr for VIVAX. A 0.53 correlation means they provide meaningful diversification when combined. IUVF.L charges 0.20%/yr vs 0.17%/yr for VIVAX.

Performance

IUVF.L vs. VIVAX - 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 Vanguard Value Index Fund (VIVAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUVF.L is traded in GBp, while VIVAX is traded in USD. To make them comparable, the VIVAX 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 48.06% return, which is significantly higher than VIVAX's 12.31% return.

IUVF.L

• 1D: 0.23%
• 1M: 22.44%
• YTD: 48.06%
• 6M: 50.85%
• 1Y: 93.21%
• 3Y*: 30.56%
• 5Y*: 17.20%
• 10Y*: —

VIVAX

• 1D: 0.80%
• 1M: 4.78%
• YTD: 12.31%
• 6M: 12.14%
• 1Y: 26.60%
• 3Y*: 14.86%
• 5Y*: 12.08%
• 10Y*: 13.12%

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

IUVF.L vs. VIVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUVF.L iShares Edge MSCI USA Value Factor UCITS	48.06%	23.92%	8.23%	8.28%	-4.63%	31.29%	-5.36%	22.90%	-7.17%	10.45%
VIVAX Vanguard Value Index Fund	12.31%	6.34%	17.88%	3.63%	9.46%	27.52%	-0.82%	20.88%	0.04%	6.87%

Correlation

The correlation between IUVF.L and VIVAX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Nov 3, 2016	0.53

The correlation between IUVF.L and VIVAX has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

Return for Risk

IUVF.L vs. VIVAX — 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

VIVAX

VIVAX Risk / Return Rank: 81
VIVAX Sharpe Ratio Rank: 82
VIVAX Sortino Ratio Rank: 80
VIVAX Omega Ratio Rank: 71
VIVAX Calmar Ratio Rank: 87
VIVAX Martin Ratio Rank: 84

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. VIVAX - 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 Vanguard Value Index Fund (VIVAX). 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	VIVAX	Difference
Sharpe ratio: Return per unit of total volatility	6.10	2.74	+3.37
Sortino ratio: Return per unit of downside risk	8.02	3.62	+4.40
Omega ratio: Gain probability vs. loss probability	2.08	1.48	+0.60
Calmar ratio: Return relative to maximum drawdown	16.23	4.94	+11.29
Martin ratio: Return relative to average drawdown	63.11	17.63	+45.48
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. VIVAX - Sharpe Ratio Comparison

The current IUVF.L Sharpe Ratio is 6.10, which is higher than the VIVAX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of IUVF.L and VIVAX, 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	VIVAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.10	2.74	+3.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.91	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.56	+0.28

Drawdowns

IUVF.L vs. VIVAX - Drawdown Comparison

The maximum IUVF.L drawdown since its inception was -31.83%, smaller than the maximum VIVAX drawdown of -41.42%. Use the drawdown chart below to compare losses from any high point for IUVF.L and VIVAX.

Drawdown Indicators

	IUVF.L	VIVAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.83%	-41.42%	+9.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.71%	-5.58%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-17.34%	-2.79%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-17.34%	-2.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.99%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.67%	-5.67%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.56%	-0.09%

Volatility

IUVF.L vs. VIVAX - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 6.92% compared to Vanguard Value Index Fund (VIVAX) at 2.41%. This indicates that IUVF.L's price experiences larger fluctuations and is considered to be riskier than VIVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUVF.L	VIVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	2.41%	+4.51%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	7.61%	+4.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	10.10%	+5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	13.35%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.44%	17.05%	+1.39%

IUVF.L vs. VIVAX - Expense Ratio Comparison

IUVF.L has a 0.20% expense ratio, which is higher than VIVAX's 0.17% 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. VIVAX - Dividend Comparison

IUVF.L has not paid dividends to shareholders, while VIVAX's dividend yield for the trailing twelve months is around 1.75%.

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%
VIVAX Vanguard Value Index Fund	1.75%	1.42%	2.19%	2.33%	2.39%	2.02%	2.43%	2.39%	2.59%	2.18%	2.33%	2.46%

Frequently Asked Questions

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

IUVF.L and VIVAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.