SPMV.L vs. BYBG.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and BYBG.L (Amundi S&P 500 Buyback ETF-C USD) are both S&P 500 funds - SPMV.L tracks the S&P 500 Minimum Volatility Net in USD while BYBG.L tracks the S&P 500 Buyback NTR. Both are passively managed. Over the past 10 years, SPMV.L returned 9.98%/yr vs 12.91%/yr for BYBG.L. A 0.72 correlation means they provide meaningful diversification when combined. SPMV.L charges 0.20%/yr vs 0.15%/yr for BYBG.L.
Performance
SPMV.L vs. BYBG.L - Performance Comparison
Loading charts...
Different Trading Currencies
SPMV.L is traded in USD, while BYBG.L is traded in GBp. To make them comparable, the BYBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPMV.L achieves a 4.24% return, which is significantly lower than BYBG.L's 9.20% return. Over the past 10 years, SPMV.L has underperformed BYBG.L with an annualized return of 9.98%, while BYBG.L has yielded a comparatively higher 12.91% annualized return.
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%
BYBG.L
- 1D
- -0.16%
- 1M
- 1.41%
- 6M
- 7.01%
- YTD
- 9.20%
- 1Y
- 18.55%
- 3Y*
- 15.81%
- 5Y*
- 10.27%
- 10Y*
- 12.91%
SPMV.L vs. BYBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.24% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 16.05% |
BYBG.L Amundi S&P 500 Buyback ETF-C USD | 9.20% | 17.67% | 13.90% | 15.36% | -11.84% | 34.72% | 5.11% | 31.61% | -9.05% | 20.57% |
Correlation
The correlation between SPMV.L and BYBG.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2015 | 0.72 |
The correlation between SPMV.L and BYBG.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPMV.L vs. BYBG.L — Risk / Return Rank
SPMV.L
BYBG.L
SPMV.L vs. BYBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) and Amundi S&P 500 Buyback ETF-C USD (BYBG.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.
| SPMV.L | BYBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 3.49 | -1.81 |
| Martin ratioReturn relative to average drawdown | 6.62 | 9.81 | -3.19 |
Loading charts...
Drawdowns
SPMV.L vs. BYBG.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum BYBG.L drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for SPMV.L and BYBG.L.
Loading charts...
Drawdown Indicators
| SPMV.L | BYBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -49.35% | +16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -5.29% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -19.07% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -23.28% | +4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -42.67% | +9.33% |
Current DrawdownCurrent decline from peak | -0.75% | -0.16% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -14.71% | +11.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.89% | -0.30% |
Volatility
SPMV.L vs. BYBG.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 1.82%, while Amundi S&P 500 Buyback ETF-C USD (BYBG.L) has a volatility of 3.14%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than BYBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPMV.L | BYBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 3.14% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 8.18% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 11.69% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 16.58% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 18.82% | -5.05% |
SPMV.L vs. BYBG.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is higher than BYBG.L's 0.15% 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
SPMV.L vs. BYBG.L - Dividend Comparison
Neither SPMV.L nor BYBG.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and BYBG.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BYBG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BYBG.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPMV.L.
SPMV.L tracks S&P 500 Minimum Volatility Net in USD, while BYBG.L tracks S&P 500 Buyback NTR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for SPMV.L and 0.15% for BYBG.L.
Find the right allocation for SPMV.L and BYBG.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