IUVL.L vs. IUES.L

Last updated Jun 5, 2026

IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - IUVL.L is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, IUVL.L returned 15.74%/yr vs 20.33%/yr for IUES.L. A 0.55 correlation means they provide meaningful diversification when combined. IUVL.L charges 0.20%/yr vs 0.15%/yr for IUES.L.

Performance

IUVL.L vs. IUES.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 (Acc) (IUVL.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUVL.L achieves a 46.45% return, which is significantly higher than IUES.L's 30.45% return.

IUVL.L

• 1D: -0.85%
• 1M: 14.16%
• YTD: 46.45%
• 6M: 49.63%
• 1Y: 88.99%
• 3Y*: 33.44%
• 5Y*: 15.74%
• 10Y*: —

IUES.L

• 1D: -0.36%
• 1M: 3.36%
• YTD: 30.45%
• 6M: 28.34%
• 1Y: 47.07%
• 3Y*: 16.84%
• 5Y*: 20.33%
• 10Y*: 9.21%

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

IUVL.L vs. IUES.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)	46.45%	33.07%	6.49%	14.53%	-14.87%	29.80%	-1.49%	25.93%	-12.11%	21.68%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	30.45%	9.82%	3.87%	-0.63%	63.84%	51.95%	-33.35%	8.81%	-18.12%	-1.19%

Correlation

The correlation between IUVL.L and IUES.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 18, 2016	0.55

Over the past year, the correlation between IUVL.L and IUES.L has dropped to 0.03 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

IUVL.L vs. IUES.L - Sectors Allocation Comparison

Sectors	IUVL.L	IUES.L
Technology	44.9%	-
Financial Services	10.4%	-
Healthcare	8.4%	-
Communication Services	8.3%	-
Consumer Cyclical	8.3%	-
Industrials	7.3%	-
Consumer Defensive	4.0%	-
Energy	3.2%	100.0%
Utilities	1.9%	-
Real Estate	1.8%	-
Basic Materials	1.6%	-

Return for Risk

IUVL.L vs. IUES.L — Risk / Return Rank

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

IUVL.L

IUVL.L Risk / Return Rank: 97
IUVL.L Sharpe Ratio Rank: 98
IUVL.L Sortino Ratio Rank: 98
IUVL.L Omega Ratio Rank: 97
IUVL.L Calmar Ratio Rank: 97
IUVL.L Martin Ratio Rank: 97

IUES.L

IUES.L Risk / Return Rank: 60
IUES.L Sharpe Ratio Rank: 65
IUES.L Sortino Ratio Rank: 56
IUES.L Omega Ratio Rank: 59
IUES.L Calmar Ratio Rank: 65
IUES.L Martin Ratio Rank: 57

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.

IUVL.L vs. IUES.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 (Acc) (IUVL.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.

	IUVL.L	IUES.L	Difference
Sharpe ratio: Return per unit of total volatility	5.33	2.12	+3.21
Sortino ratio: Return per unit of downside risk	7.20	2.64	+4.56
Omega ratio: Gain probability vs. loss probability	1.92	1.35	+0.56
Calmar ratio: Return relative to maximum drawdown	10.48	3.18	+7.30
Martin ratio: Return relative to average drawdown	43.31	9.97	+33.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUVL.L vs. IUES.L - Sharpe Ratio Comparison

The current IUVL.L Sharpe Ratio is 5.33, which is higher than the IUES.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of IUVL.L and IUES.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

	IUVL.L	IUES.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.33	2.12	+3.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.76	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.31	+0.48

Drawdowns

IUVL.L vs. IUES.L - Drawdown Comparison

The maximum IUVL.L drawdown since its inception was -39.73%, smaller than the maximum IUES.L drawdown of -66.78%. Use the drawdown chart below to compare losses from any high point for IUVL.L and IUES.L.

Drawdown Indicators

	IUVL.L	IUES.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.73%	-66.78%	+27.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	-14.49%	+6.02%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-20.90%	+2.02%
Max Drawdown (5Y) Largest decline over 5 years	-26.70%	-27.98%	+1.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.78%	—
Current Drawdown Current decline from peak	-0.96%	-7.45%	+6.49%
Average Drawdown Average peak-to-trough decline	-7.28%	-14.21%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	4.63%	-2.58%

Volatility

IUVL.L vs. IUES.L - Volatility Comparison

The current volatility for iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) is 7.66%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 8.13%. This indicates that IUVL.L experiences smaller price fluctuations and is considered to be less risky than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUVL.L	IUES.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.66%	8.13%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	18.58%	-5.15%
Volatility (1Y) Calculated over the trailing 1-year period	16.64%	21.81%	-5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	26.72%	-8.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	28.49%	-9.52%

IUVL.L vs. IUES.L - Expense Ratio Comparison

IUVL.L has a 0.20% expense ratio, which is higher than IUES.L's 0.15% 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

IUVL.L vs. IUES.L - Dividend Comparison

Neither IUVL.L nor IUES.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUVL.L and IUES.L in my portfolio?

IUVL.L and IUES.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUVL.L or IUES.L?

On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUVL.L or IUES.L?

IUES.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IUVL.L.

What is the main difference between IUVL.L and IUES.L?

IUVL.L is categorized as Large Cap Value Equities, while IUES.L is Energy Equities. IUVL.L tracks MSCI USA Enhanced Value Index, while IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.20% for IUVL.L and 0.15% for IUES.L.