SPLG.L vs. IWVG.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, SPLG.L returned 6.17%/yr vs 16.93%/yr for IWVG.L. At a 0.34 correlation, their price movements are largely independent.
Performance
SPLG.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
SPLG.L is traded in GBp, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPLG.L achieves a 6.03% return, which is significantly lower than IWVG.L's 28.47% return.
SPLG.L
- 1D
- -0.07%
- 1M
- 1.73%
- 6M
- 5.03%
- YTD
- 6.03%
- 1Y
- 6.15%
- 3Y*
- 7.28%
- 5Y*
- 6.17%
- 10Y*
- —
IWVG.L
- 1D
- -2.49%
- 1M
- -4.98%
- 6M
- 24.42%
- YTD
- 28.47%
- 1Y
- 54.93%
- 3Y*
- 25.26%
- 5Y*
- 16.93%
- 10Y*
- —
SPLG.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 6.03% | -2.34% | 15.31% | -5.86% | 6.95% | -18.01% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.47% | 31.27% | 6.58% | 13.08% | 1.04% | 5.33% |
Correlation
The correlation between SPLG.L and IWVG.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.34 |
The correlation between SPLG.L and IWVG.L shifts across timeframes, from -0.03 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. IWVG.L — Risk / Return Rank
SPLG.L
IWVG.L
SPLG.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.
| SPLG.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.67 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 7.82 | -6.93 |
| Martin ratioReturn relative to average drawdown | 2.18 | 25.39 | -23.21 |
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Drawdowns
SPLG.L vs. IWVG.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, roughly equal to the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for SPLG.L and IWVG.L.
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Drawdown Indicators
| SPLG.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -28.07% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -6.99% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -13.92% | -6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -13.92% | -6.71% |
Current DrawdownCurrent decline from peak | -2.88% | -6.26% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -4.29% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.16% | +1.05% |
Volatility
SPLG.L vs. IWVG.L - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) is 3.50%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that SPLG.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLG.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 6.15% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 13.11% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 14.94% | -4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 13.44% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 15.68% | +6.81% |
Dividends
SPLG.L vs. IWVG.L - Dividend Comparison
SPLG.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPLG.L and IWVG.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLG.L tracks Invesco S&P 500 Low Volatility UCITS ETF Accumulation, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Invesco and iShares.
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