SPMV.L vs. BYBU.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and BYBU.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 BYBU.L tracks the S&P 500 Buyback NTR. Both are passively managed. Over the past 10 years, SPMV.L returned 10.00%/yr vs 12.88%/yr for BYBU.L. A 0.68 correlation means they provide meaningful diversification when combined. SPMV.L charges 0.20%/yr vs 0.15%/yr for BYBU.L.
Performance
SPMV.L vs. BYBU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPMV.L achieves a 4.44% return, which is significantly lower than BYBU.L's 9.03% return. Over the past 10 years, SPMV.L has underperformed BYBU.L with an annualized return of 10.00%, while BYBU.L has yielded a comparatively higher 12.88% annualized return.
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%
BYBU.L
- 1D
- -0.01%
- 1M
- 0.64%
- 6M
- 6.03%
- YTD
- 9.03%
- 1Y
- 19.80%
- 3Y*
- 16.34%
- 5Y*
- 10.18%
- 10Y*
- 12.88%
SPMV.L vs. BYBU.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) | 4.44% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 16.05% |
BYBU.L Amundi S&P 500 Buyback ETF-C USD | 9.03% | 17.38% | 14.02% | 15.99% | -11.79% | 34.22% | 5.56% | 31.53% | -8.56% | 20.60% |
Correlation
The correlation between SPMV.L and BYBU.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2015 | 0.68 |
The correlation between SPMV.L and BYBU.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
SPMV.L vs. BYBU.L — Risk / Return Rank
SPMV.L
BYBU.L
SPMV.L vs. BYBU.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 (BYBU.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 | BYBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.30 | -1.44 |
| Martin ratioReturn relative to average drawdown | 7.33 | 9.10 | -1.77 |
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Drawdowns
SPMV.L vs. BYBU.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum BYBU.L drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for SPMV.L and BYBU.L.
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Drawdown Indicators
| SPMV.L | BYBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -43.01% | +9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -5.19% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -19.21% | +6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -22.69% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -43.01% | +9.67% |
Current DrawdownCurrent decline from peak | -0.56% | -0.04% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -5.55% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.89% | -0.30% |
Volatility
SPMV.L vs. BYBU.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 2.36%, while Amundi S&P 500 Buyback ETF-C USD (BYBU.L) has a volatility of 3.56%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than BYBU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMV.L | BYBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 3.56% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 8.68% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 12.18% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 16.87% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 18.72% | -4.95% |
SPMV.L vs. BYBU.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is higher than BYBU.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. BYBU.L - Dividend Comparison
Neither SPMV.L nor BYBU.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and BYBU.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BYBU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BYBU.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 BYBU.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 BYBU.L.
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