PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PQVG.L vs. IGUS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PQVG.L vs. IGUS.L

Last updated Jun 5, 2026

PQVG.L (Invesco S&P 500 QVM UCITS ETF) and IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) are both S&P 500 funds - PQVG.L tracks the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return) while IGUS.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, PQVG.L returned 16.68%/yr vs 12.46%/yr for IGUS.L. A 0.65 correlation means they provide meaningful diversification when combined. PQVG.L charges 0.35%/yr vs 0.20%/yr for IGUS.L.

Performance

PQVG.L vs. IGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 QVM UCITS ETF (PQVG.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PQVG.L achieves a 16.79% return, which is significantly higher than IGUS.L's 9.82% return.

PQVG.L

1D
0.36%
1M
5.36%
YTD
16.79%
6M
17.07%
1Y
24.01%
3Y*
21.17%
5Y*
16.68%
10Y*
—

IGUS.L

1D
0.06%
1M
4.70%
YTD
9.82%
6M
10.53%
1Y
27.11%
3Y*
21.32%
5Y*
12.46%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PQVG.L vs. IGUS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PQVG.L
Invesco S&P 500 QVM UCITS ETF		16.79%5.84%32.29%0.98%12.54%27.78%4.44%21.16%-1.98%14.30%
IGUS.L
iShares S&P 500 GBP Hedged UCITS ETF		9.82%17.39%24.64%24.49%-20.60%28.57%14.63%27.27%-7.47%12.49%

Correlation

The correlation between PQVG.L and IGUS.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

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

0.53

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

0.56

Correlation (All Time)
Calculated using the full available price history since May 24, 2017

0.65

Over the past year, the correlation between PQVG.L and IGUS.L has dropped to 0.35 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

PQVG.L vs. IGUS.L - Sectors Allocation Comparison

Sectors
PQVG.L
IGUS.L

Technology

24.3%
35.6%

Financial Services

21.8%
11.8%

Industrials

15.6%
8.3%

Communication Services

10.4%
11.2%

Healthcare

9.5%
8.5%

Consumer Defensive

5.6%
4.9%

Energy

5.6%
3.5%

Consumer Cyclical

4.3%
10.2%

Basic Materials

2.2%
1.8%

Utilities

0.8%
2.3%

Real Estate

-

1.9%

Technology

PQVG.L
24.3%
IGUS.L
35.6%

Financial Services

PQVG.L
21.8%
IGUS.L
11.8%

Industrials

PQVG.L
15.6%
IGUS.L
8.3%

Communication Services

PQVG.L
10.4%
IGUS.L
11.2%

Healthcare

PQVG.L
9.5%
IGUS.L
8.5%

Consumer Defensive

PQVG.L
5.6%
IGUS.L
4.9%

Energy

PQVG.L
5.6%
IGUS.L
3.5%

Consumer Cyclical

PQVG.L
4.3%
IGUS.L
10.2%

Basic Materials

PQVG.L
2.2%
IGUS.L
1.8%

Utilities

PQVG.L
0.8%
IGUS.L
2.3%

Real Estate

PQVG.L

-

IGUS.L
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 QVM UCITS ETF

iShares S&P 500 GBP Hedged UCITS ETF

Often compared with PQVG.L:
PQVG.L vs. IQSA.LPQVG.L vs. SPPY.DEPQVG.L vs. SPMOPQVG.L vs. TSGB.LPQVG.L vs. CSPX.LPQVG.L vs. DYNFPQVG.L vs. SPXP.L
Often compared with IGUS.L:
IGUS.L vs. VUAG.LIGUS.L vs. VUSA.LIGUS.L vs. CSP1.LIGUS.L vs. WENS.LIGUS.L vs. JPJP.LIGUS.L vs. SAEMXIGUS.L vs. GSPX.L

Return for Risk

PQVG.L vs. IGUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PQVG.L
PQVG.L Risk / Return Rank: 7878
Overall Rank
PQVG.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
PQVG.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
PQVG.L Omega Ratio Rank: 6969
Omega Ratio Rank
PQVG.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
PQVG.L Martin Ratio Rank: 8585
Martin Ratio Rank
IGUS.L
IGUS.L Risk / Return Rank: 7171
Overall Rank
IGUS.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IGUS.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IGUS.L Omega Ratio Rank: 7171
Omega Ratio Rank
IGUS.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
IGUS.L Martin Ratio Rank: 7575
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.

PQVG.L vs. IGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (PQVG.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.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.

PQVG.LIGUS.LDifference
Sharpe ratioReturn per unit of total volatility
2.31
2.28

+0.02

Sortino ratioReturn per unit of downside risk
3.28
3.33

-0.04

Omega ratioGain probability vs. loss probability

1.41

1.42

-0.01

Calmar ratioReturn relative to maximum drawdown

5.82

3.20

+2.62

Martin ratioReturn relative to average drawdown

17.49

13.92

+3.57

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

PQVG.L vs. IGUS.L - Sharpe Ratio Comparison

The current PQVG.L Sharpe Ratio is 2.31, which is comparable to the IGUS.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of PQVG.L and IGUS.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.

Loading charts...

Sharpe Ratios by Period

PQVG.LIGUS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.31

2.28

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

0.77

+0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.81

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.82

+0.07

Drawdowns

PQVG.L vs. IGUS.L - Drawdown Comparison

The maximum PQVG.L drawdown since its inception was -25.88%, smaller than the maximum IGUS.L drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for PQVG.L and IGUS.L.

Loading charts...

Drawdown Indicators

PQVG.LIGUS.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.88%

-36.66%

+10.78%

Max Drawdown (1Y)

Largest decline over 1 year

-4.11%

-8.44%

+4.33%

Max Drawdown (3Y)

Largest decline over 3 years

-17.44%

-18.98%

+1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-17.44%

-25.66%

+8.22%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.66%

—

Current Drawdown

Current decline from peak

0.00%

-0.46%

+0.46%

Average Drawdown

Average peak-to-trough decline

-4.17%

-4.15%

-0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.37%

1.94%

-0.57%

Volatility

PQVG.L vs. IGUS.L - Volatility Comparison

The current volatility for Invesco S&P 500 QVM UCITS ETF (PQVG.L) is 2.79%, while iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a volatility of 3.21%. This indicates that PQVG.L experiences smaller price fluctuations and is considered to be less risky than IGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PQVG.LIGUS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

3.21%

-0.42%

Volatility (6M)

Calculated over the trailing 6-month period

7.88%

8.65%

-0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

10.37%

11.82%

-1.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.89%

16.11%

-1.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.24%

16.58%

-0.34%

PQVG.L vs. IGUS.L - Expense Ratio Comparison

PQVG.L has a 0.35% expense ratio, which is higher than IGUS.L's 0.20% expense ratio.

Dividends

PQVG.L vs. IGUS.L - Dividend Comparison

PQVG.L's dividend yield for the trailing twelve months is around 0.77%, while IGUS.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
IGUS.L
iShares S&P 500 GBP Hedged UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PQVG.L
Invesco S&P 500 QVM UCITS ETF		0.77%0.82%0.82%1.61%1.77%0.87%1.59%1.41%1.30%0.72%

Frequently Asked Questions

PQVG.L and IGUS.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGUS.L is cheaper with a 0.20% expense ratio, compared with 0.35% for PQVG.L.

PQVG.L tracks S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return), while IGUS.L tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for PQVG.L and 0.20% for IGUS.L.

Portfolio Optimizer

Find the right allocation for PQVG.L and IGUS.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer