SPMV.L vs. IWDA.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SPMV.L tracks the iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, SPMV.L returned 9.94%/yr vs 12.99%/yr for IWDA.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
SPMV.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPMV.L achieves a 3.85% return, which is significantly lower than IWDA.L's 10.17% return. Over the past 10 years, SPMV.L has underperformed IWDA.L with an annualized return of 9.94%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
SPMV.L
- 1D
- -0.19%
- 1M
- -0.21%
- 6M
- 3.99%
- YTD
- 3.85%
- 1Y
- 10.62%
- 3Y*
- 12.71%
- 5Y*
- 8.20%
- 10Y*
- 9.94%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
SPMV.L vs. IWDA.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) | 3.85% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 16.05% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between SPMV.L and IWDA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.86 |
The correlation between SPMV.L and IWDA.L has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
SPMV.L vs. IWDA.L — Risk / Return Rank
SPMV.L
IWDA.L
SPMV.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.64 | -0.88 |
| Martin ratioReturn relative to average drawdown | 6.93 | 10.75 | -3.82 |
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Drawdowns
SPMV.L vs. IWDA.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SPMV.L and IWDA.L.
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Drawdown Indicators
| SPMV.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -34.11% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -8.31% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -16.94% | +4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -25.88% | +7.30% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -34.11% | +0.77% |
Current DrawdownCurrent decline from peak | -1.12% | -0.12% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -4.39% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.04% | -0.45% |
Volatility
SPMV.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 2.34%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.72%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.72% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 9.80% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 12.26% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 15.73% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 15.78% | -2.01% |
SPMV.L vs. IWDA.L - Expense Ratio Comparison
Both SPMV.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPMV.L vs. IWDA.L - Dividend Comparison
Neither SPMV.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and IWDA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPMV.L and IWDA.L have the same expense ratio: 0.20% per year.
SPMV.L tracks iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc), while IWDA.L tracks MSCI World Index (Net).
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