SPED.L vs. SPMV.L
SPED.L (Invesco S&P 500 Equal Weight UCITS ETF Dist) and SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds - SPED.L tracks the S&P 500 Equal Weight Net Total Return while SPMV.L tracks the S&P 500 Minimum Volatility Net in USD. Both are passively managed. Over the past 5 years, SPED.L returned 8.91%/yr vs 8.28%/yr for SPMV.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
SPED.L vs. SPMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPED.L achieves a 11.81% return, which is significantly higher than SPMV.L's 4.24% return.
SPED.L
- 1D
- -0.16%
- 1M
- 1.22%
- 6M
- 8.40%
- YTD
- 11.81%
- 1Y
- 18.55%
- 3Y*
- 13.35%
- 5Y*
- 8.91%
- 10Y*
- —
SPMV.L
- 1D
- -0.19%
- 1M
- 0.14%
- 6M
- 4.46%
- YTD
- 4.24%
- 1Y
- 10.52%
- 3Y*
- 12.84%
- 5Y*
- 8.28%
- 10Y*
- 9.98%
SPED.L vs. SPMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | 11.81% | 11.67% | 12.23% | 14.00% | -11.82% | 13.24% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.24% | 11.55% | 18.68% | 9.94% | -11.05% | 19.17% |
Correlation
The correlation between SPED.L and SPMV.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.83 |
The correlation between SPED.L and SPMV.L has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
SPED.L vs. SPMV.L — Risk / Return Rank
SPED.L
SPMV.L
SPED.L vs. SPMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.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.
| SPED.L | SPMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 1.68 | +1.06 |
| Martin ratioReturn relative to average drawdown | 9.69 | 6.62 | +3.08 |
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Drawdowns
SPED.L vs. SPMV.L - Drawdown Comparison
The maximum SPED.L drawdown since its inception was -20.85%, smaller than the maximum SPMV.L drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for SPED.L and SPMV.L.
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Drawdown Indicators
| SPED.L | SPMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.85% | -33.34% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -6.23% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -12.31% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -18.58% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.75% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -3.13% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.59% | +0.32% |
Volatility
SPED.L vs. SPMV.L - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) has a higher volatility of 2.76% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) at 1.82%. This indicates that SPED.L's price experiences larger fluctuations and is considered to be riskier than SPMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPED.L | SPMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 1.82% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 6.37% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 8.50% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 12.67% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 13.77% | +3.05% |
SPED.L vs. SPMV.L - Expense Ratio Comparison
Both SPED.L and SPMV.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPED.L vs. SPMV.L - Dividend Comparison
SPED.L's dividend yield for the trailing twelve months is around 1.28%, while SPMV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.28% | 1.36% | 1.39% | 1.46% | 1.52% | 0.75% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPED.L and SPMV.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPED.L and SPMV.L have the same expense ratio: 0.20% per year.
SPED.L tracks S&P 500 Equal Weight Net Total Return, while SPMV.L tracks S&P 500 Minimum Volatility Net in USD. They also come from different issuers: Invesco and iShares.
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