IUVL.L vs. R1VL.L
IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and R1VL.L (iShares Russell 1000 Value UCITS ETF USD (Acc)) are both Large Cap Value Equities funds from iShares - IUVL.L tracks the MSCI USA Enhanced Value Index while R1VL.L tracks the Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index. Both are passively managed. Over the past 3 years, IUVL.L returned 28.56%/yr vs 17.50%/yr for R1VL.L. Their correlation of 0.85 suggests significant overlap in exposure. IUVL.L charges 0.20%/yr vs 0.18%/yr for R1VL.L.
Performance
IUVL.L vs. R1VL.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUVL.L achieves a 39.17% return, which is significantly higher than R1VL.L's 18.22% return.
IUVL.L
- 1D
- 0.06%
- 1M
- -4.71%
- 6M
- 32.87%
- YTD
- 39.17%
- 1Y
- 70.48%
- 3Y*
- 28.56%
- 5Y*
- 15.58%
- 10Y*
- —
R1VL.L
- 1D
- -0.17%
- 1M
- 2.12%
- 6M
- 14.29%
- YTD
- 18.22%
- 1Y
- 29.25%
- 3Y*
- 17.50%
- 5Y*
- —
- 10Y*
- —
IUVL.L vs. R1VL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 39.17% | 33.10% | 6.39% | 10.67% |
R1VL.L iShares Russell 1000 Value UCITS ETF USD (Acc) | 18.22% | 16.01% | 13.45% | 6.43% |
Correlation
The correlation between IUVL.L and R1VL.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.85 |
The correlation between IUVL.L and R1VL.L shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUVL.L vs. R1VL.L — Risk / Return Rank
IUVL.L
R1VL.L
IUVL.L vs. R1VL.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 Russell 1000 Value UCITS ETF USD (Acc) (R1VL.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.
| IUVL.L | R1VL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.51 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 8.28 | 5.04 | +3.25 |
| Martin ratioReturn relative to average drawdown | 28.55 | 18.84 | +9.71 |
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Drawdowns
IUVL.L vs. R1VL.L - Drawdown Comparison
The maximum IUVL.L drawdown since its inception was -39.73%, which is greater than R1VL.L's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for IUVL.L and R1VL.L.
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Drawdown Indicators
| IUVL.L | R1VL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -16.43% | -23.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -5.78% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -16.43% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | — | — |
Current DrawdownCurrent decline from peak | -6.62% | -0.17% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -2.35% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.55% | +0.91% |
Volatility
IUVL.L vs. R1VL.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 7.55% compared to iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.L) at 2.54%. This indicates that IUVL.L's price experiences larger fluctuations and is considered to be riskier than R1VL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVL.L | R1VL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 2.54% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 7.93% | +8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 10.48% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 12.60% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 12.60% | +6.48% |
IUVL.L vs. R1VL.L - Expense Ratio Comparison
IUVL.L has a 0.20% expense ratio, which is higher than R1VL.L's 0.18% 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. R1VL.L - Dividend Comparison
Neither IUVL.L nor R1VL.L has paid dividends to shareholders.
Frequently Asked Questions
IUVL.L and R1VL.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1VL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1VL.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IUVL.L.
IUVL.L tracks MSCI USA Enhanced Value Index, while R1VL.L tracks Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index. Their fees differ too: 0.20% for IUVL.L and 0.18% for R1VL.L.
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