PRUS.L vs. IUVL.L
PRUS.L (Invesco RAFI US Fundamental Value UCITS ETF USD (Dist)) and IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) are both Large Cap Value Equities funds - PRUS.L tracks the RAFI Fundamental US Index (USD) while IUVL.L tracks the MSCI USA Enhanced Value Index. Both are passively managed. Over the past 5 years, PRUS.L returned 12.75%/yr vs 15.58%/yr for IUVL.L. Their correlation of 0.92 suggests significant overlap in exposure. PRUS.L charges 0.39%/yr vs 0.20%/yr for IUVL.L.
Performance
PRUS.L vs. IUVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, PRUS.L achieves a 16.68% return, which is significantly lower than IUVL.L's 39.17% return.
PRUS.L
- 1D
- -0.42%
- 1M
- 0.81%
- 6M
- 13.26%
- YTD
- 16.68%
- 1Y
- 29.25%
- 3Y*
- 19.04%
- 5Y*
- 12.75%
- 10Y*
- 13.00%
IUVL.L
- 1D
- 0.06%
- 1M
- -4.71%
- 6M
- 32.87%
- YTD
- 39.17%
- 1Y
- 70.48%
- 3Y*
- 28.56%
- 5Y*
- 15.58%
- 10Y*
- —
PRUS.L vs. IUVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRUS.L Invesco RAFI US Fundamental Value UCITS ETF USD (Dist) | 16.68% | 16.58% | 16.26% | 15.94% | -8.01% | 31.11% | 6.81% | 26.43% | -9.46% | 15.67% |
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 39.17% | 33.10% | 6.39% | 14.59% | -14.87% | 29.80% | -1.49% | 25.93% | -12.11% | 21.68% |
Correlation
The correlation between PRUS.L and IUVL.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.92 |
The correlation between PRUS.L and IUVL.L shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRUS.L vs. IUVL.L — Risk / Return Rank
PRUS.L
IUVL.L
PRUS.L vs. IUVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US Fundamental Value UCITS ETF USD (Dist) (PRUS.L) and iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.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.
| PRUS.L | IUVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.65 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 8.28 | -3.42 |
| Martin ratioReturn relative to average drawdown | 18.47 | 28.55 | -10.07 |
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Drawdowns
PRUS.L vs. IUVL.L - Drawdown Comparison
The maximum PRUS.L drawdown since its inception was -57.16%, which is greater than IUVL.L's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for PRUS.L and IUVL.L.
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Drawdown Indicators
| PRUS.L | IUVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.16% | -39.73% | -17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.99% | -8.47% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -18.93% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.36% | -26.70% | +7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.86% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -6.62% | +6.20% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -7.23% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.46% | -0.88% |
Volatility
PRUS.L vs. IUVL.L - Volatility Comparison
The current volatility for Invesco RAFI US Fundamental Value UCITS ETF USD (Dist) (PRUS.L) is 1.77%, while iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a volatility of 7.55%. This indicates that PRUS.L experiences smaller price fluctuations and is considered to be less risky than IUVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRUS.L | IUVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 7.55% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 16.09% | -8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 18.57% | -8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 18.25% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 19.08% | -2.90% |
PRUS.L vs. IUVL.L - Expense Ratio Comparison
PRUS.L has a 0.39% expense ratio, which is higher than IUVL.L's 0.20% expense ratio.
Dividends
PRUS.L vs. IUVL.L - Dividend Comparison
PRUS.L's dividend yield for the trailing twelve months is around 1.16%, while IUVL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUVL.L iShares Edge MSCI USA Value Factor 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% |
PRUS.L Invesco RAFI US Fundamental Value UCITS ETF USD (Dist) | 1.16% | 1.36% | 1.49% | 1.56% | 1.72% | 1.32% | 1.66% | 1.64% | 1.83% | 1.55% | 1.62% | 1.68% |
Frequently Asked Questions
PRUS.L and IUVL.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVL.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PRUS.L.
PRUS.L tracks RAFI Fundamental US Index (USD), while IUVL.L tracks MSCI USA Enhanced Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PRUS.L and 0.20% for IUVL.L.
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