PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPES.L vs. MVUS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPES.L vs. MVUS.L

Last updated Jun 4, 2026

SPES.L (Invesco S&P 500 Equal Weight UCITS ETF Dist) and MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds - SPES.L tracks the S&P 500 Equal Weight Index while MVUS.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPES.L returned 9.32%/yr vs 10.03%/yr for MVUS.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

SPES.L vs. MVUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Dist (SPES.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SPES.L achieves a 9.18% return, which is significantly higher than MVUS.L's 4.21% return.

SPES.L

1D
0.31%
1M
4.57%
YTD
9.18%
6M
9.85%
1Y
20.51%
3Y*
12.30%
5Y*
9.32%
10Y*
—

MVUS.L

1D
0.29%
1M
4.83%
YTD
4.21%
6M
4.78%
1Y
12.22%
3Y*
11.10%
5Y*
10.03%
10Y*
11.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPES.L vs. MVUS.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPES.L
Invesco S&P 500 Equal Weight UCITS ETF Dist		9.18%3.95%13.66%8.18%-1.34%28.07%
MVUS.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		4.21%3.88%20.71%3.83%-0.36%19.26%

Correlation

The correlation between SPES.L and MVUS.L is 0.76, 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

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2021

0.80

The correlation between SPES.L and MVUS.L has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

SPES.L vs. MVUS.L - Sectors Allocation Comparison

Sectors
SPES.L
MVUS.L

Technology

20.1%
31.0%

Financial Services

14.2%
17.2%

Industrials

14.1%
5.6%

Healthcare

11.2%
13.0%

Consumer Cyclical

9.9%
6.7%

Consumer Defensive

6.5%
10.4%

Real Estate

6.2%
0.2%

Utilities

5.8%
2.7%

Energy

4.2%
5.0%

Basic Materials

3.9%
2.2%

Communication Services

3.9%
6.2%

Technology

SPES.L
20.1%
MVUS.L
31.0%

Financial Services

SPES.L
14.2%
MVUS.L
17.2%

Industrials

SPES.L
14.1%
MVUS.L
5.6%

Healthcare

SPES.L
11.2%
MVUS.L
13.0%

Consumer Cyclical

SPES.L
9.9%
MVUS.L
6.7%

Consumer Defensive

SPES.L
6.5%
MVUS.L
10.4%

Real Estate

SPES.L
6.2%
MVUS.L
0.2%

Utilities

SPES.L
5.8%
MVUS.L
2.7%

Energy

SPES.L
4.2%
MVUS.L
5.0%

Basic Materials

SPES.L
3.9%
MVUS.L
2.2%

Communication Services

SPES.L
3.9%
MVUS.L
6.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Equal Weight UCITS ETF Dist

iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)

Often compared with SPES.L:
SPES.L vs. EWSP.LSPES.L vs. PSRF.LSPES.L vs. SPMOSPES.L vs. SPYSPES.L vs. VUSA.LSPES.L vs. IMSU.LSPES.L vs. IUES.L
Often compared with MVUS.L:
MVUS.L vs. USMVMVUS.L vs. XDEB.LMVUS.L vs. MVEA.LMVUS.L vs. GLTS.LMVUS.L vs. HMUD.LMVUS.L vs. XLPP.LMVUS.L vs. JURE.L

Return for Risk

SPES.L vs. MVUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPES.L
SPES.L Risk / Return Rank: 6565
Overall Rank
SPES.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SPES.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
SPES.L Omega Ratio Rank: 6262
Omega Ratio Rank
SPES.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
SPES.L Martin Ratio Rank: 6464
Martin Ratio Rank
MVUS.L
MVUS.L Risk / Return Rank: 4343
Overall Rank
MVUS.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
MVUS.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
MVUS.L Omega Ratio Rank: 4141
Omega Ratio Rank
MVUS.L Calmar Ratio Rank: 4646
Calmar Ratio Rank
MVUS.L Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPES.L vs. MVUS.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 (SPES.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.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.

SPES.LMVUS.LDifference
Sharpe ratioReturn per unit of total volatility
2.13
1.51

+0.61

Sortino ratioReturn per unit of downside risk
2.96
2.14

+0.82

Omega ratioGain probability vs. loss probability

1.38

1.27

+0.11

Calmar ratioReturn relative to maximum drawdown

3.56

2.26

+1.30

Martin ratioReturn relative to average drawdown

11.59

7.06

+4.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPES.L vs. MVUS.L - Sharpe Ratio Comparison

The current SPES.L Sharpe Ratio is 2.13, which is higher than the MVUS.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of SPES.L and MVUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

SPES.LMVUS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

1.51

+0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.86

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.95

-0.16

Drawdowns

SPES.L vs. MVUS.L - Drawdown Comparison

The maximum SPES.L drawdown since its inception was -19.65%, smaller than the maximum MVUS.L drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for SPES.L and MVUS.L.

Loading charts...

Drawdown Indicators

SPES.LMVUS.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-24.85%

+5.20%

Max Drawdown (1Y)

Largest decline over 1 year

-5.74%

-5.39%

-0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-19.65%

-14.19%

-5.46%

Max Drawdown (5Y)

Largest decline over 5 years

-19.65%

-14.19%

-5.46%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.85%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.12%

-3.44%

-0.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

1.73%

+0.03%

Volatility

SPES.L vs. MVUS.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPES.L) is 2.04%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) has a volatility of 2.24%. This indicates that SPES.L experiences smaller price fluctuations and is considered to be less risky than MVUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SPES.LMVUS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.04%

2.24%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

6.43%

5.64%

+0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

9.70%

8.09%

+1.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.97%

11.72%

+2.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.71%

13.78%

+0.93%

SPES.L vs. MVUS.L - Expense Ratio Comparison

Both SPES.L and MVUS.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

SPES.L vs. MVUS.L - Dividend Comparison

SPES.L's dividend yield for the trailing twelve months is around 1.28%, while MVUS.L has not paid dividends to shareholders.

PositionTTM20252024202320222021
MVUS.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%
SPES.L
Invesco S&P 500 Equal Weight UCITS ETF Dist		1.28%1.37%1.36%1.48%1.49%0.74%

Frequently Asked Questions

SPES.L and MVUS.L have a correlation of 0.76, 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.

SPES.L and MVUS.L have the same expense ratio: 0.20% per year.

SPES.L tracks S&P 500 Equal Weight Index, while MVUS.L tracks S&P 500 Index. They also come from different issuers: Invesco and iShares.

Portfolio Optimizer

Find the right allocation for SPES.L and MVUS.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