MVUS.L vs. SPEP.L

Last updated Jul 18, 2026

MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds - MVUS.L tracks the S&P 500 Index while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, MVUS.L returned 8.80%/yr vs 14.01%/yr for SPEP.L. Their correlation of 0.84 suggests significant overlap in exposure. MVUS.L charges 0.20%/yr vs 0.09%/yr for SPEP.L.

Performance

MVUS.L vs. SPEP.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 Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVUS.L achieves a 4.26% return, which is significantly lower than SPEP.L's 8.50% return.

MVUS.L

• 1D: 0.02%
• 1M: -0.20%
• 6M: 3.90%
• YTD: 4.26%
• 1Y: 10.17%
• 3Y*: 11.71%
• 5Y*: 8.80%
• 10Y*: 9.71%

SPEP.L

• 1D: -1.05%
• 1M: -1.79%
• 6M: 7.14%
• YTD: 8.50%
• 1Y: 21.71%
• 3Y*: 18.02%
• 5Y*: 14.01%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MVUS.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)	4.26%	3.88%	20.71%	3.83%	-0.36%	26.59%	14.49%
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	8.50%	9.94%	26.61%	21.47%	-8.35%	34.02%	21.63%

Correlation

The correlation between MVUS.L and SPEP.L is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020	0.84

The correlation between MVUS.L and SPEP.L shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

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

Sectors	MVUS.L	SPEP.L
Technology	33.0%	38.0%
Financial Services	14.7%	12.3%
Healthcare	13.2%	10.6%
Consumer Defensive	9.3%	5.1%
Energy	7.2%	2.7%
Consumer Cyclical	6.9%	5.0%
Industrials	6.5%	8.2%
Communication Services	6.1%	12.6%
Basic Materials	2.1%	2.0%
Utilities	1.0%	1.4%
Real Estate	0.1%	2.2%

Return for Risk

MVUS.L vs. SPEP.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: 44
MVUS.L Sharpe Ratio Rank: 45
MVUS.L Sortino Ratio Rank: 42
MVUS.L Omega Ratio Rank: 43
MVUS.L Calmar Ratio Rank: 46
MVUS.L Martin Ratio Rank: 45

SPEP.L

SPEP.L Risk / Return Rank: 80
SPEP.L Sharpe Ratio Rank: 81
SPEP.L Sortino Ratio Rank: 80
SPEP.L Omega Ratio Rank: 80
SPEP.L Calmar Ratio Rank: 78
SPEP.L Martin Ratio Rank: 80

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. SPEP.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 Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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.

	MVUS.L	SPEP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.99	-0.74
Sortino ratio: Return per unit of downside risk	1.75	2.80	-1.05
Omega ratio: Gain probability vs. loss probability	1.22	1.36	-0.14
Calmar ratio: Return relative to maximum drawdown	1.88	3.12	-1.24
Martin ratio: Return relative to average drawdown	5.84	11.74	-5.90

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

The current MVUS.L Sharpe Ratio is 1.26, which is lower than the SPEP.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of MVUS.L and SPEP.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.

Drawdowns

MVUS.L vs. SPEP.L - Drawdown Comparison

The maximum MVUS.L drawdown since its inception was -39.22%, which is greater than SPEP.L's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for MVUS.L and SPEP.L.

Drawdown Indicators

	MVUS.L	SPEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.22%	-21.07%	-18.15%
Max Drawdown (1Y) Largest decline over 1 year	-5.39%	-6.93%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	-20.40%	-21.07%	+0.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	-21.07%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-24.85%	—	—
Current Drawdown Current decline from peak	-1.52%	-2.89%	+1.37%
Average Drawdown Average peak-to-trough decline	-7.15%	-4.45%	-2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.84%	-0.10%

Volatility

MVUS.L vs. SPEP.L - Volatility Comparison

The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) is 2.28%, while Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) has a volatility of 2.87%. This indicates that MVUS.L experiences smaller price fluctuations and is considered to be less risky than SPEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVUS.L	SPEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	2.87%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	5.74%	7.80%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	8.14%	10.93%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	20.11%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	20.71%	-3.95%

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

MVUS.L has a 0.20% expense ratio, which is higher than SPEP.L's 0.09% 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. SPEP.L - Dividend Comparison

Neither MVUS.L nor SPEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MVUS.L and SPEP.L in my portfolio?

MVUS.L and SPEP.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVUS.L or SPEP.L?

On fees, SPEP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVUS.L or SPEP.L?

SPEP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for MVUS.L.

What is the main difference between MVUS.L and SPEP.L?

MVUS.L tracks S&P 500 Index, while SPEP.L tracks S&P 500 ESG Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for MVUS.L and 0.09% for SPEP.L.