R1VL.L vs. SPMD.L
R1VL.L (iShares Russell 1000 Value UCITS ETF USD (Acc)) and SPMD.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)) are both exchange-traded funds - R1VL.L is a Large Cap Value Equities fund tracking the Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index, while SPMD.L is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index. Both are passively managed. Over the past 3 years, R1VL.L returned 17.93%/yr vs 12.79%/yr for SPMD.L. A 0.80 correlation means they provide meaningful diversification when combined. R1VL.L charges 0.18%/yr vs 0.20%/yr for SPMD.L.
Performance
R1VL.L vs. SPMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, R1VL.L achieves a 18.42% return, which is significantly higher than SPMD.L's 4.28% return.
R1VL.L
- 1D
- 0.79%
- 1M
- 2.24%
- 6M
- 14.11%
- YTD
- 18.42%
- 1Y
- 30.51%
- 3Y*
- 17.93%
- 5Y*
- —
- 10Y*
- —
SPMD.L
- 1D
- -0.10%
- 1M
- 0.20%
- 6M
- 4.60%
- YTD
- 4.28%
- 1Y
- 10.57%
- 3Y*
- 12.79%
- 5Y*
- 8.29%
- 10Y*
- —
R1VL.L vs. SPMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1VL.L iShares Russell 1000 Value UCITS ETF USD (Acc) | 18.42% | 16.01% | 13.45% | 6.43% |
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) | 4.28% | 11.59% | 18.75% | 5.14% |
Correlation
The correlation between R1VL.L and SPMD.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.80 |
The correlation between R1VL.L and SPMD.L has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
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Return for Risk
R1VL.L vs. SPMD.L — Risk / Return Rank
R1VL.L
SPMD.L
R1VL.L vs. SPMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.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.
| R1VL.L | SPMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.23 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 1.69 | +3.57 |
| Martin ratioReturn relative to average drawdown | 19.65 | 6.61 | +13.04 |
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Drawdowns
R1VL.L vs. SPMD.L - Drawdown Comparison
The maximum R1VL.L drawdown since its inception was -16.43%, smaller than the maximum SPMD.L drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for R1VL.L and SPMD.L.
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Drawdown Indicators
| R1VL.L | SPMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -33.23% | +16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -6.23% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -12.05% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -4.13% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.60% | -0.05% |
Volatility
R1VL.L vs. SPMD.L - Volatility Comparison
iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.L) has a higher volatility of 2.62% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L) at 1.83%. This indicates that R1VL.L's price experiences larger fluctuations and is considered to be riskier than SPMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R1VL.L | SPMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 1.83% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 6.37% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 8.46% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 12.60% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.61% | 14.56% | -1.95% |
R1VL.L vs. SPMD.L - Expense Ratio Comparison
R1VL.L has a 0.18% expense ratio, which is lower than SPMD.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
R1VL.L vs. SPMD.L - Dividend Comparison
R1VL.L has not paid dividends to shareholders, while SPMD.L's dividend yield for the trailing twelve months is around 1.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
R1VL.L iShares Russell 1000 Value UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
R1VL.L and SPMD.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1VL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1VL.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SPMD.L.
R1VL.L is categorized as Large Cap Value Equities, while SPMD.L is S&P 500. R1VL.L tracks Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index, while SPMD.L tracks S&P 500 Minimum Volatility Index. Their fees differ too: 0.18% for R1VL.L and 0.20% for SPMD.L.
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