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MVUS.L vs. IUSA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVUS.L vs. IUSA.L

Last updated Jun 5, 2026

MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds from iShares tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MVUS.L returned 11.39%/yr vs 16.52%/yr for IUSA.L. Their correlation of 0.88 suggests significant overlap in exposure. MVUS.L charges 0.20%/yr vs 0.07%/yr for IUSA.L.

Performance

MVUS.L vs. IUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) and iShares S&P 500 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MVUS.L achieves a 4.45% return, which is significantly lower than IUSA.L's 10.67% return. Over the past 10 years, MVUS.L has underperformed IUSA.L with an annualized return of 11.39%, while IUSA.L has yielded a comparatively higher 16.52% annualized return.

MVUS.L

1D
0.22%
1M
4.90%
YTD
4.45%
6M
4.88%
1Y
12.53%
3Y*
10.84%
5Y*
10.08%
10Y*
11.39%

IUSA.L

1D
0.04%
1M
5.55%
YTD
10.67%
6M
10.66%
1Y
29.55%
3Y*
19.42%
5Y*
15.33%
10Y*
16.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVUS.L vs. IUSA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MVUS.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		4.45%3.88%20.71%3.83%-0.36%26.59%3.87%26.86%-0.36%6.22%
IUSA.L
iShares S&P 500 UCITS Dist		10.67%9.70%27.73%20.24%-8.72%31.54%14.15%27.06%0.51%11.19%

Correlation

The correlation between MVUS.L and IUSA.L is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Feb 7, 2013

0.88

The correlation between MVUS.L and IUSA.L shifts across timeframes, from 0.71 (1 year) to 0.88 (10 years), reflecting how their relationship changes across market environments.

MVUS.L vs. IUSA.L - Sectors Allocation Comparison

Sectors
MVUS.L
IUSA.L

Technology

31.0%
38.2%

Financial Services

17.2%
11.1%

Healthcare

13.0%
8.3%

Consumer Defensive

10.4%
4.7%

Consumer Cyclical

6.7%
10.0%

Communication Services

6.2%
10.9%

Industrials

5.6%
7.9%

Energy

5.0%
3.2%

Utilities

2.7%
2.2%

Basic Materials

2.2%
1.7%

Real Estate

0.2%
1.9%

Technology

MVUS.L
31.0%
IUSA.L
38.2%

Financial Services

MVUS.L
17.2%
IUSA.L
11.1%

Healthcare

MVUS.L
13.0%
IUSA.L
8.3%

Consumer Defensive

MVUS.L
10.4%
IUSA.L
4.7%

Consumer Cyclical

MVUS.L
6.7%
IUSA.L
10.0%

Communication Services

MVUS.L
6.2%
IUSA.L
10.9%

Industrials

MVUS.L
5.6%
IUSA.L
7.9%

Energy

MVUS.L
5.0%
IUSA.L
3.2%

Utilities

MVUS.L
2.7%
IUSA.L
2.2%

Basic Materials

MVUS.L
2.2%
IUSA.L
1.7%

Real Estate

MVUS.L
0.2%
IUSA.L
1.9%

Compare stocks, funds, or ETFs

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iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)

iShares S&P 500 UCITS Dist

Often compared with MVUS.L:
MVUS.L vs. USMVMVUS.L vs. XDEB.LMVUS.L vs. MVEA.LMVUS.L vs. GLTS.LMVUS.L vs. HMUD.LMVUS.L vs. XLPP.LMVUS.L vs. JURE.L
Often compared with IUSA.L:
IUSA.L vs. CSP1.LIUSA.L vs. VUAA.LIUSA.L vs. IAPD.ASIUSA.L vs. SPX5.LIUSA.L vs. SPXP.LIUSA.L vs. VOOIUSA.L vs. IVV

Return for Risk

MVUS.L vs. IUSA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVUS.L
MVUS.L Risk / Return Rank: 4545
Overall Rank
MVUS.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
MVUS.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
MVUS.L Omega Ratio Rank: 4444
Omega Ratio Rank
MVUS.L Calmar Ratio Rank: 4747
Calmar Ratio Rank
MVUS.L Martin Ratio Rank: 4545
Martin Ratio Rank
IUSA.L
IUSA.L Risk / Return Rank: 8484
Overall Rank
IUSA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IUSA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IUSA.L Omega Ratio Rank: 8686
Omega Ratio Rank
IUSA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
IUSA.L Martin Ratio Rank: 8080
Martin Ratio Rank
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.

MVUS.L vs. IUSA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) and iShares S&P 500 UCITS Dist (IUSA.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.

MVUS.LIUSA.LDifference
Sharpe ratioReturn per unit of total volatility
1.55
2.82

-1.27

Sortino ratioReturn per unit of downside risk
2.19
3.78

-1.58

Omega ratioGain probability vs. loss probability

1.28

1.53

-0.25

Calmar ratioReturn relative to maximum drawdown

2.32

4.20

-1.88

Martin ratioReturn relative to average drawdown

7.24

15.53

-8.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVUS.L vs. IUSA.L - Sharpe Ratio Comparison

The current MVUS.L Sharpe Ratio is 1.55, which is lower than the IUSA.L Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of MVUS.L and IUSA.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.

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Sharpe Ratios by Period

MVUS.LIUSA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

2.82

-1.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

1.07

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

1.06

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

0.58

+0.37

Drawdowns

MVUS.L vs. IUSA.L - Drawdown Comparison

The maximum MVUS.L drawdown since its inception was -24.85%, smaller than the maximum IUSA.L drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for MVUS.L and IUSA.L.

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Drawdown Indicators

MVUS.LIUSA.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.85%

-38.58%

+13.73%

Max Drawdown (1Y)

Largest decline over 1 year

-5.39%

-7.01%

+1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-14.19%

-21.08%

+6.89%

Max Drawdown (5Y)

Largest decline over 5 years

-14.19%

-21.08%

+6.89%

Max Drawdown (10Y)

Largest decline over 10 years

-24.85%

-25.42%

+0.57%

Current Drawdown

Current decline from peak

0.00%

-0.22%

+0.22%

Average Drawdown

Average peak-to-trough decline

-3.44%

-7.29%

+3.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

1.90%

-0.17%

Volatility

MVUS.L vs. IUSA.L - Volatility Comparison

The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) is 2.24%, while iShares S&P 500 UCITS Dist (IUSA.L) has a volatility of 2.62%. This indicates that MVUS.L experiences smaller price fluctuations and is considered to be less risky than IUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVUS.LIUSA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.24%

2.62%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

5.65%

7.13%

-1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

8.05%

10.44%

-2.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.72%

14.33%

-2.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.78%

15.60%

-1.82%

MVUS.L vs. IUSA.L - Expense Ratio Comparison

MVUS.L has a 0.20% expense ratio, which is higher than IUSA.L's 0.07% 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

MVUS.L vs. IUSA.L - Dividend Comparison

MVUS.L has not paid dividends to shareholders, while IUSA.L's dividend yield for the trailing twelve months is around 1.15%.

PositionTTM20252024202320222021202020192018201720162015
IUSA.L
iShares S&P 500 UCITS Dist		1.15%1.24%1.28%1.55%1.74%1.39%1.80%1.96%2.22%1.95%1.75%2.29%
MVUS.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MVUS.L and IUSA.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for MVUS.L.

Both ETFs track S&P 500 Index. Their fees differ too: 0.20% for MVUS.L and 0.07% for IUSA.L.

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