SPMV.L vs. IUES.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SPMV.L is a S&P 500 fund tracking the S&P 500 Minimum Volatility Net in USD, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, SPMV.L returned 9.98%/yr vs 8.75%/yr for IUES.L. At a 0.37 correlation, their price movements are largely independent. SPMV.L charges 0.20%/yr vs 0.15%/yr for IUES.L.
Performance
SPMV.L vs. IUES.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPMV.L achieves a 4.24% return, which is significantly lower than IUES.L's 28.42% return. Over the past 10 years, SPMV.L has outperformed IUES.L with an annualized return of 9.98%, while IUES.L has yielded a comparatively lower 8.75% 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%
IUES.L
- 1D
- 0.75%
- 1M
- 5.21%
- 6M
- 21.22%
- YTD
- 28.42%
- 1Y
- 36.37%
- 3Y*
- 14.53%
- 5Y*
- 22.23%
- 10Y*
- 8.75%
SPMV.L vs. IUES.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% |
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.42% | 9.91% | 3.87% | -0.66% | 63.84% | 51.95% | -33.35% | 8.70% | -18.12% | -1.05% |
Correlation
The correlation between SPMV.L and IUES.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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.37 |
The correlation between SPMV.L and IUES.L shifts across timeframes, from -0.03 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPMV.L vs. IUES.L — Risk / Return Rank
SPMV.L
IUES.L
SPMV.L vs. IUES.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 iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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 | IUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.22 | -0.54 |
| Martin ratioReturn relative to average drawdown | 6.62 | 5.67 | +0.95 |
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Drawdowns
SPMV.L vs. IUES.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum IUES.L drawdown of -66.79%. Use the drawdown chart below to compare losses from any high point for SPMV.L and IUES.L.
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Drawdown Indicators
| SPMV.L | IUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -66.79% | +33.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -16.33% | +10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -20.90% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -27.98% | +9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -66.79% | +33.45% |
Current DrawdownCurrent decline from peak | -0.75% | -8.88% | +8.13% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -14.18% | +11.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 6.40% | -4.81% |
Volatility
SPMV.L vs. IUES.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 1.82%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 6.91%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than IUES.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 | IUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 6.91% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 19.69% | -13.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 22.76% | -14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 26.74% | -14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 28.53% | -14.76% |
SPMV.L vs. IUES.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is higher than IUES.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. IUES.L - Dividend Comparison
Neither SPMV.L nor IUES.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and IUES.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.
On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPMV.L.
SPMV.L is categorized as S&P 500, while IUES.L is Energy Equities. SPMV.L tracks S&P 500 Minimum Volatility Net in USD, while IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.20% for SPMV.L and 0.15% for IUES.L.
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