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SPLW.L vs. IDUS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPLW.L vs. IDUS.L

Last updated Jun 5, 2026

SPLW.L (Invesco S&P 500 Low Volatility UCITS ETF Acc) and IDUS.L (iShares Core S&P 500 UCITS ETF USD Distributing) are both S&P 500 funds - SPLW.L tracks the S&P 500 Low Vol NTR Index while IDUS.L tracks the S&P 500. Both are passively managed. Over the past 3 years, SPLW.L returned 7.28%/yr vs 22.16%/yr for IDUS.L. At a 0.49 correlation, their price movements are largely independent. SPLW.L charges 0.25%/yr vs 0.07%/yr for IDUS.L.

Performance

SPLW.L vs. IDUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) and iShares Core S&P 500 UCITS ETF USD Distributing (IDUS.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPLW.L achieves a 0.99% return, which is significantly lower than IDUS.L's 10.32% return.

SPLW.L

1D
-0.01%
1M
-1.98%
YTD
0.99%
6M
1.54%
1Y
0.40%
3Y*
7.28%
5Y*
—
10Y*
—

IDUS.L

1D
0.00%
1M
4.47%
YTD
10.32%
6M
11.13%
1Y
27.84%
3Y*
22.16%
5Y*
13.71%
10Y*
15.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPLW.L vs. IDUS.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPLW.L
Invesco S&P 500 Low Volatility UCITS ETF Acc		0.99%4.80%13.46%-0.49%-4.28%10.45%
IDUS.L
iShares Core S&P 500 UCITS ETF USD Distributing		10.32%17.36%25.31%26.75%-18.68%9.73%

Correlation

The correlation between SPLW.L and IDUS.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

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

0.34

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2021

0.49

Over the past year, the correlation between SPLW.L and IDUS.L has dropped to 0.14 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

SPLW.L vs. IDUS.L - Sectors Allocation Comparison

Sectors
SPLW.L
IDUS.L

Utilities

26.8%
2.6%

Financial Services

16.6%
11.2%

Real Estate

14.8%
1.8%

Consumer Defensive

10.8%
4.6%

Industrials

10.2%
7.6%

Healthcare

6.8%
8.3%

Consumer Cyclical

5.7%
9.7%

Technology

4.6%
38.3%

Basic Materials

2.0%
1.7%

Energy

0.9%
3.3%

Communication Services

0.8%
10.6%

Utilities

SPLW.L
26.8%
IDUS.L
2.6%

Financial Services

SPLW.L
16.6%
IDUS.L
11.2%

Real Estate

SPLW.L
14.8%
IDUS.L
1.8%

Consumer Defensive

SPLW.L
10.8%
IDUS.L
4.6%

Industrials

SPLW.L
10.2%
IDUS.L
7.6%

Healthcare

SPLW.L
6.8%
IDUS.L
8.3%

Consumer Cyclical

SPLW.L
5.7%
IDUS.L
9.7%

Technology

SPLW.L
4.6%
IDUS.L
38.3%

Basic Materials

SPLW.L
2.0%
IDUS.L
1.7%

Energy

SPLW.L
0.9%
IDUS.L
3.3%

Communication Services

SPLW.L
0.8%
IDUS.L
10.6%

Compare stocks, funds, or ETFs

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Invesco S&P 500 Low Volatility UCITS ETF Acc

iShares Core S&P 500 UCITS ETF USD Distributing

Often compared with SPLW.L:
SPLW.L vs. CSPX.LSPLW.L vs. BNDSPLW.L vs. IUVL.LSPLW.L vs. CSP1.LSPLW.L vs. 3USL.LSPLW.L vs. VOOSPLW.L vs. IISU.L
Often compared with IDUS.L:
IDUS.L vs. IUMS.LIDUS.L vs. IMSU.LIDUS.L vs. VUSD.LIDUS.L vs. CSPX.LIDUS.L vs. SPYL.LIDUS.L vs. CSPX.ASIDUS.L vs. IUUS.L

Return for Risk

SPLW.L vs. IDUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPLW.L
SPLW.L Risk / Return Rank: 99
Overall Rank
SPLW.L Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
SPLW.L Sortino Ratio Rank: 99
Sortino Ratio Rank
SPLW.L Omega Ratio Rank: 99
Omega Ratio Rank
SPLW.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
SPLW.L Martin Ratio Rank: 1010
Martin Ratio Rank
IDUS.L
IDUS.L Risk / Return Rank: 7575
Overall Rank
IDUS.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IDUS.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
IDUS.L Omega Ratio Rank: 7474
Omega Ratio Rank
IDUS.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IDUS.L Martin Ratio Rank: 7777
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.

SPLW.L vs. IDUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) and iShares Core S&P 500 UCITS ETF USD Distributing (IDUS.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.

SPLW.LIDUS.LDifference
Sharpe ratioReturn per unit of total volatility
0.04
2.37

-2.33

Sortino ratioReturn per unit of downside risk
0.12
3.47

-3.35

Omega ratioGain probability vs. loss probability

1.01

1.43

-0.42

Calmar ratioReturn relative to maximum drawdown

0.06

3.39

-3.34

Martin ratioReturn relative to average drawdown

0.13

14.66

-14.52

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

SPLW.L vs. IDUS.L - Sharpe Ratio Comparison

The current SPLW.L Sharpe Ratio is 0.04, which is lower than the IDUS.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of SPLW.L and IDUS.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.

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Sharpe Ratios by Period

SPLW.LIDUS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.04

2.37

-2.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.86

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.93

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.61

-0.21

Drawdowns

SPLW.L vs. IDUS.L - Drawdown Comparison

The maximum SPLW.L drawdown since its inception was -17.23%, smaller than the maximum IDUS.L drawdown of -55.48%. Use the drawdown chart below to compare losses from any high point for SPLW.L and IDUS.L.

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Drawdown Indicators

SPLW.LIDUS.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.23%

-55.48%

+38.25%

Max Drawdown (1Y)

Largest decline over 1 year

-7.14%

-8.17%

+1.03%

Max Drawdown (3Y)

Largest decline over 3 years

-9.67%

-18.48%

+8.81%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.38%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.83%

—

Current Drawdown

Current decline from peak

-6.27%

-0.57%

-5.70%

Average Drawdown

Average peak-to-trough decline

-5.07%

-8.11%

+3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

1.90%

+1.13%

Volatility

SPLW.L vs. IDUS.L - Volatility Comparison

Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) and iShares Core S&P 500 UCITS ETF USD Distributing (IDUS.L) have volatilities of 3.25% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPLW.LIDUS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

3.20%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

6.93%

8.57%

-1.64%

Volatility (1Y)

Calculated over the trailing 1-year period

9.63%

11.69%

-2.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.26%

16.00%

-3.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.26%

16.32%

-4.06%

SPLW.L vs. IDUS.L - Expense Ratio Comparison

SPLW.L has a 0.25% expense ratio, which is higher than IDUS.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPLW.L vs. IDUS.L - Dividend Comparison

SPLW.L has not paid dividends to shareholders, while IDUS.L's dividend yield for the trailing twelve months is around 0.86%.

PositionTTM20252024202320222021202020192018201720162015
IDUS.L
iShares Core S&P 500 UCITS ETF USD Distributing		0.86%0.92%1.02%1.22%1.44%1.03%1.32%1.49%1.74%1.44%1.42%1.55%
SPLW.L
Invesco S&P 500 Low Volatility UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPLW.L and IDUS.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDUS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDUS.L is cheaper with a 0.07% expense ratio, compared with 0.25% for SPLW.L.

SPLW.L tracks S&P 500 Low Vol NTR Index, while IDUS.L tracks S&P 500. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for SPLW.L and 0.07% for IDUS.L.

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