PRUS.L vs. SPMD.L
PRUS.L (Invesco RAFI US Fundamental Value UCITS ETF USD (Dist)) and SPMD.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)) are both exchange-traded funds - PRUS.L is a Large Cap Value Equities fund tracking the RAFI Fundamental US Index (USD), while SPMD.L is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index. Both are passively managed. Over the past 5 years, PRUS.L returned 12.75%/yr vs 8.29%/yr for SPMD.L. Their correlation of 0.84 suggests significant overlap in exposure. PRUS.L charges 0.39%/yr vs 0.20%/yr for SPMD.L.
Performance
PRUS.L vs. SPMD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRUS.L achieves a 16.68% return, which is significantly higher than SPMD.L's 4.28% 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%
SPMD.L
- 1D
- -0.10%
- 1M
- 0.20%
- 6M
- 4.60%
- YTD
- 4.28%
- 1Y
- 10.57%
- 3Y*
- 12.79%
- 5Y*
- 8.29%
- 10Y*
- —
PRUS.L vs. SPMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -9.17% |
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) | 4.28% | 11.59% | 18.75% | 9.74% | -10.93% | 24.96% | 7.60% | 30.96% | -4.05% |
Correlation
The correlation between PRUS.L and SPMD.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2018 | 0.84 |
The correlation between PRUS.L and SPMD.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRUS.L vs. SPMD.L — Risk / Return Rank
PRUS.L
SPMD.L
PRUS.L vs. SPMD.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 S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.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 | SPMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.23 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 1.69 | +3.17 |
| Martin ratioReturn relative to average drawdown | 18.47 | 6.61 | +11.87 |
Loading charts...
Drawdowns
PRUS.L vs. SPMD.L - Drawdown Comparison
The maximum PRUS.L drawdown since its inception was -57.16%, which is greater than SPMD.L's maximum drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for PRUS.L and SPMD.L.
Loading charts...
Drawdown Indicators
| PRUS.L | SPMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.16% | -33.23% | -23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.99% | -6.23% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -12.05% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.36% | -18.66% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -37.86% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.69% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -4.13% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.60% | -0.02% |
Volatility
PRUS.L vs. SPMD.L - Volatility Comparison
Invesco RAFI US Fundamental Value UCITS ETF USD (Dist) (PRUS.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L) have volatilities of 1.77% and 1.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRUS.L | SPMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.83% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 6.37% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 8.46% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 12.60% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 14.56% | +1.62% |
PRUS.L vs. SPMD.L - Expense Ratio Comparison
PRUS.L has a 0.39% expense ratio, which is higher than SPMD.L's 0.20% expense ratio.
Dividends
PRUS.L vs. SPMD.L - Dividend Comparison
PRUS.L's dividend yield for the trailing twelve months is around 1.16%, which matches SPMD.L's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) | 1.16% | 1.15% | 1.28% | 1.46% | 1.35% | 1.27% | 1.54% | 1.52% | 1.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRUS.L and SPMD.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMD.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PRUS.L.
PRUS.L is categorized as Large Cap Value Equities, while SPMD.L is S&P 500. PRUS.L tracks RAFI Fundamental US Index (USD), while SPMD.L tracks S&P 500 Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PRUS.L and 0.20% for SPMD.L.
Find the right allocation for PRUS.L and SPMD.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