PQVG.L vs. IUIS.L

Last updated Jun 26, 2026

PQVG.L (Invesco S&P 500 QVM UCITS ETF) and IUIS.L (iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)) are both S&P 500 funds - PQVG.L tracks the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return) while IUIS.L tracks the S&P 500 Capped 35/20 Industrials Index. Both are passively managed. Over the past 5 years, PQVG.L returned 16.38%/yr vs 14.97%/yr for IUIS.L. A 0.72 correlation means they provide meaningful diversification when combined. PQVG.L charges 0.35%/yr vs 0.15%/yr for IUIS.L.

Performance

PQVG.L vs. IUIS.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 Industrials Sector UCITS ETF USD (Acc) (IUIS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PQVG.L is traded in GBp, while IUIS.L is traded in USD. To make them comparable, the IUIS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with PQVG.L having a 21.87% return and IUIS.L slightly lower at 20.91%.

PQVG.L

• 1D: 1.35%
• 1M: 4.48%
• YTD: 21.87%
• 6M: 22.18%
• 1Y: 31.01%
• 3Y*: 23.68%
• 5Y*: 16.38%
• 10Y*: —

IUIS.L

• 1D: 1.27%
• 1M: 8.27%
• YTD: 20.91%
• 6M: 20.66%
• 1Y: 33.87%
• 3Y*: 21.08%
• 5Y*: 14.97%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQVG.L Invesco S&P 500 QVM UCITS ETF	21.87%	5.84%	32.29%	0.98%	12.54%	27.78%	4.44%	21.16%	-1.98%	-10.66%
IUIS.L iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)	20.91%	10.68%	19.59%	11.97%	5.98%	21.86%	6.73%	23.62%	-7.68%	9.30%

Correlation

The correlation between PQVG.L and IUIS.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 18, 2017	0.72

The correlation between PQVG.L and IUIS.L shifts across timeframes, from 0.58 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	PQVG.L	IUIS.L
Technology	26.5%	3.7%
Financial Services	21.6%	-
Industrials	16.4%	90.9%
Healthcare	9.1%	-
Communication Services	9.1%	-
Consumer Defensive	5.3%	-
Energy	5.1%	-
Consumer Cyclical	4.1%	0.5%
Basic Materials	2.0%	0.2%
Utilities	0.7%	4.5%
Real Estate	-	-

Return for Risk

PQVG.L vs. IUIS.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: 93
PQVG.L Sharpe Ratio Rank: 92
PQVG.L Sortino Ratio Rank: 92
PQVG.L Omega Ratio Rank: 90
PQVG.L Calmar Ratio Rank: 96
PQVG.L Martin Ratio Rank: 94

IUIS.L

IUIS.L Risk / Return Rank: 68
IUIS.L Sharpe Ratio Rank: 69
IUIS.L Sortino Ratio Rank: 76
IUIS.L Omega Ratio Rank: 64
IUIS.L Calmar Ratio Rank: 64
IUIS.L Martin Ratio Rank: 67

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. IUIS.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 Industrials Sector UCITS ETF USD (Acc) (IUIS.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.

	PQVG.L	IUIS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.81	2.27	+0.54
Sortino ratio: Return per unit of downside risk	3.85	3.12	+0.73
Omega ratio: Gain probability vs. loss probability	1.50	1.38	+0.12
Calmar ratio: Return relative to maximum drawdown	7.51	3.78	+3.73
Martin ratio: Return relative to average drawdown	22.98	11.62	+11.36

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

The current PQVG.L Sharpe Ratio is 2.81, which is comparable to the IUIS.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of PQVG.L and IUIS.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

PQVG.L vs. IUIS.L - Drawdown Comparison

The maximum PQVG.L drawdown since its inception was -25.88%, smaller than the maximum IUIS.L drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for PQVG.L and IUIS.L.

Drawdown Indicators

	PQVG.L	IUIS.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-35.05%	+9.17%
Max Drawdown (1Y) Largest decline over 1 year	-4.11%	-8.92%	+4.81%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-20.85%	+3.41%
Max Drawdown (5Y) Largest decline over 5 years	-17.44%	-20.85%	+3.41%
Current Drawdown Current decline from peak	-0.84%	0.00%	-0.84%
Average Drawdown Average peak-to-trough decline	-5.79%	-4.48%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	2.91%	-1.56%

Volatility

PQVG.L vs. IUIS.L - Volatility Comparison

The current volatility for Invesco S&P 500 QVM UCITS ETF (PQVG.L) is 4.56%, while iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IUIS.L) has a volatility of 5.10%. This indicates that PQVG.L experiences smaller price fluctuations and is considered to be less risky than IUIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQVG.L	IUIS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	5.10%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	12.27%	-3.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	14.88%	-3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	16.97%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	19.23%	-1.32%

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

PQVG.L has a 0.35% expense ratio, which is higher than IUIS.L's 0.15% expense ratio.

Dividends

PQVG.L vs. IUIS.L - Dividend Comparison

PQVG.L's dividend yield for the trailing twelve months is around 0.78%, while IUIS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUIS.L iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)	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	0.78%	0.83%	0.82%	1.61%	1.77%	0.88%	1.59%	1.41%	1.30%	0.72%

Frequently Asked Questions

Can I hold both PQVG.L and IUIS.L in my portfolio?

PQVG.L and IUIS.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PQVG.L or IUIS.L?

On fees, IUIS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PQVG.L or IUIS.L?

IUIS.L is cheaper with a 0.15% expense ratio, compared with 0.35% for PQVG.L.

What is the main difference between PQVG.L and IUIS.L?

PQVG.L tracks S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return), while IUIS.L tracks S&P 500 Capped 35/20 Industrials Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for PQVG.L and 0.15% for IUIS.L.