SPMV.L vs. MVUS.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds from iShares - SPMV.L tracks the S&P 500 Minimum Volatility Net in USD while MVUS.L tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, SPMV.L returned 10.00%/yr vs 9.99%/yr for MVUS.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
SPMV.L vs. MVUS.L - Performance Comparison
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Different Trading Currencies
SPMV.L is traded in USD, while MVUS.L is traded in GBp. To make them comparable, the MVUS.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 4.44% return, which is significantly higher than MVUS.L's 4.20% return. Both investments have delivered pretty close results over the past 10 years, with SPMV.L having a 10.00% annualized return and MVUS.L not far behind at 9.99%.
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%
MVUS.L
- 1D
- -0.19%
- 1M
- 1.00%
- 6M
- 4.46%
- YTD
- 4.20%
- 1Y
- 10.44%
- 3Y*
- 12.87%
- 5Y*
- 8.31%
- 10Y*
- 9.99%
SPMV.L vs. MVUS.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% |
MVUS.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.20% | 11.72% | 18.70% | 9.31% | -11.01% | 25.45% | 7.05% | 31.95% | -6.00% | 16.33% |
Correlation
The correlation between SPMV.L and MVUS.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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.88 |
The correlation between SPMV.L and MVUS.L has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
SPMV.L vs. MVUS.L — Risk / Return Rank
SPMV.L
MVUS.L
SPMV.L vs. MVUS.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 Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.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 | MVUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.59 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.33 | 6.39 | +0.94 |
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Drawdowns
SPMV.L vs. MVUS.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum MVUS.L drawdown of -38.28%. Use the drawdown chart below to compare losses from any high point for SPMV.L and MVUS.L.
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Drawdown Indicators
| SPMV.L | MVUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -38.28% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -6.55% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -19.31% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -19.44% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -33.05% | -0.29% |
Current DrawdownCurrent decline from peak | -0.56% | -1.01% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -7.27% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.63% | -0.04% |
Volatility
SPMV.L vs. MVUS.L - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) has a higher volatility of 2.36% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) at 1.85%. This indicates that SPMV.L's price experiences larger fluctuations and is considered to be riskier than MVUS.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 | MVUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 1.85% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 5.98% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 8.12% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 18.86% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 17.05% | -3.28% |
SPMV.L vs. MVUS.L - Expense Ratio Comparison
Both SPMV.L and MVUS.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. MVUS.L - Dividend Comparison
Neither SPMV.L nor MVUS.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and MVUS.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 MVUS.L have the same expense ratio: 0.20% per year.
SPMV.L tracks S&P 500 Minimum Volatility Net in USD, while MVUS.L tracks S&P 500 Index.
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