SPEQ.L vs. SPMV.L
SPEQ.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds - SPEQ.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, SPEQ.L returned 8.95%/yr vs 8.32%/yr for SPMV.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
SPEQ.L vs. SPMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPEQ.L achieves a 12.08% return, which is significantly higher than SPMV.L's 4.44% return.
SPEQ.L
- 1D
- 0.66%
- 1M
- 1.28%
- 6M
- 8.14%
- YTD
- 12.08%
- 1Y
- 20.54%
- 3Y*
- 13.71%
- 5Y*
- 8.95%
- 10Y*
- —
SPMV.L
- 1D
- 0.37%
- 1M
- 0.18%
- 6M
- 4.16%
- YTD
- 4.44%
- 1Y
- 11.65%
- 3Y*
- 12.92%
- 5Y*
- 8.32%
- 10Y*
- 10.00%
SPEQ.L vs. SPMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPEQ.L Invesco S&P 500 Equal Weight UCITS ETF Acc | 12.08% | 11.52% | 12.24% | 13.97% | -11.69% | 13.21% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.44% | 11.55% | 18.68% | 9.94% | -11.05% | 19.17% |
Correlation
The correlation between SPEQ.L and SPMV.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
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 SPEQ.L and SPMV.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
SPEQ.L vs. SPMV.L — Risk / Return Rank
SPEQ.L
SPMV.L
SPEQ.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 Acc (SPEQ.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.
| SPEQ.L | SPMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.86 | +1.12 |
| Martin ratioReturn relative to average drawdown | 10.75 | 7.33 | +3.42 |
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Drawdowns
SPEQ.L vs. SPMV.L - Drawdown Comparison
The maximum SPEQ.L drawdown since its inception was -20.86%, smaller than the maximum SPMV.L drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for SPEQ.L and SPMV.L.
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Drawdown Indicators
| SPEQ.L | SPMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -33.34% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -6.23% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -12.31% | -6.36% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -18.58% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.56% | +0.53% |
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
SPEQ.L vs. SPMV.L - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) has a higher volatility of 2.78% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) at 2.36%. This indicates that SPEQ.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
| SPEQ.L | SPMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.36% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 6.39% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 8.51% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 12.68% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 13.77% | +2.90% |
SPEQ.L vs. SPMV.L - Expense Ratio Comparison
Both SPEQ.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
SPEQ.L vs. SPMV.L - Dividend Comparison
Neither SPEQ.L nor SPMV.L has paid dividends to shareholders.
Frequently Asked Questions
SPEQ.L and SPMV.L have a correlation of 0.83, 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.
SPEQ.L and SPMV.L have the same expense ratio: 0.20% per year.
SPEQ.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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