MVUS.L vs. SPMV.L
MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds from iShares - MVUS.L tracks the S&P 500 Index while SPMV.L tracks the S&P 500 Minimum Volatility Net in USD. Both are passively managed. Over the past 10 years, MVUS.L returned 9.71%/yr vs 9.68%/yr for SPMV.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
MVUS.L vs. SPMV.L - Performance Comparison
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Different Trading Currencies
MVUS.L is traded in GBp, while SPMV.L is traded in USD. To make them comparable, the SPMV.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with MVUS.L having a 4.26% return and SPMV.L slightly higher at 4.39%. Both investments have delivered pretty close results over the past 10 years, with MVUS.L having a 9.71% annualized return and SPMV.L not far behind at 9.68%.
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%
SPMV.L
- 1D
- -0.03%
- 1M
- -1.09%
- 6M
- 3.85%
- YTD
- 4.39%
- 1Y
- 10.21%
- 3Y*
- 11.66%
- 5Y*
- 8.78%
- 10Y*
- 9.68%
MVUS.L vs. SPMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 3.87% | 26.86% | -0.36% | 6.22% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.39% | 3.60% | 20.76% | 4.44% | -0.48% | 26.16% | 4.26% | 26.25% | 0.26% | 6.01% |
Correlation
The correlation between MVUS.L and SPMV.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.90 |
The correlation between MVUS.L and SPMV.L has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
MVUS.L vs. SPMV.L — Risk / Return Rank
MVUS.L
SPMV.L
MVUS.L vs. SPMV.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 Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.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 | SPMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.97 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.84 | 5.80 | +0.04 |
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Drawdowns
MVUS.L vs. SPMV.L - Drawdown Comparison
The maximum MVUS.L drawdown since its inception was -39.22%, which is greater than SPMV.L's maximum drawdown of -25.15%. Use the drawdown chart below to compare losses from any high point for MVUS.L and SPMV.L.
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Drawdown Indicators
| MVUS.L | SPMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.22% | -25.15% | -14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -5.16% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -14.55% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -14.55% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | -25.15% | +0.30% |
Current DrawdownCurrent decline from peak | -1.52% | -1.54% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -3.39% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.76% | -0.02% |
Volatility
MVUS.L vs. SPMV.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) is 2.28%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) has a volatility of 2.69%. This indicates that MVUS.L experiences smaller price fluctuations and is considered to be less risky than SPMV.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.L | SPMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 2.69% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 7.28% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 9.59% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 12.68% | +5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 14.17% | +2.59% |
MVUS.L vs. SPMV.L - Expense Ratio Comparison
Both MVUS.L and SPMV.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MVUS.L vs. SPMV.L - Dividend Comparison
Neither MVUS.L nor SPMV.L has paid dividends to shareholders.
Frequently Asked Questions
MVUS.L and SPMV.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MVUS.L and SPMV.L have the same expense ratio: 0.20% per year.
MVUS.L tracks S&P 500 Index, while SPMV.L tracks S&P 500 Minimum Volatility Net in USD.
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