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SPMV.L vs. QUID.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPMV.L vs. QUID.L

Last updated Jul 16, 2026
Documentation

SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both Global Equities funds - SPMV.L tracks the iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) while QUID.L tracks the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 10 years, SPMV.L returned 9.94%/yr vs 2.21%/yr for QUID.L. At a 0.16 correlation, their price movements are largely independent.

Performance

SPMV.L vs. QUID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPMV.L is traded in USD, while QUID.L is traded in GBP. To make them comparable, the QUID.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 3.85% return, which is significantly higher than QUID.L's 2.67% return. Over the past 10 years, SPMV.L has outperformed QUID.L with an annualized return of 9.94%, while QUID.L has yielded a comparatively lower 2.21% 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%

QUID.L

1D
0.00%
1M
1.16%
6M
2.59%
YTD
2.67%
1Y
5.46%
3Y*
6.29%
5Y*
2.93%
10Y*
2.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPMV.L vs. QUID.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
QUID.L
PIMCO Sterling Short Maturity UCITS ETF		2.67%12.80%3.91%10.49%-11.55%-0.98%3.80%5.64%-5.42%10.09%

Correlation

The correlation between SPMV.L and QUID.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.16

The correlation between SPMV.L and QUID.L shifts across timeframes, from 0.16 (all time) to 0.27 (5 years), reflecting how their relationship changes across market environments.

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iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)

PIMCO Sterling Short Maturity UCITS ETF

Return for Risk

SPMV.L vs. QUID.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPMV.L
SPMV.L Risk / Return Rank: 4545
Overall Rank
SPMV.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
SPMV.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
SPMV.L Omega Ratio Rank: 4343
Omega Ratio Rank
SPMV.L Calmar Ratio Rank: 4242
Calmar Ratio Rank
SPMV.L Martin Ratio Rank: 5252
Martin Ratio Rank
QUID.L
QUID.L Risk / Return Rank: 9999
Overall Rank
QUID.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
QUID.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
QUID.L Omega Ratio Rank: 9999
Omega Ratio Rank
QUID.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
QUID.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPMV.L vs. QUID.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 PIMCO Sterling Short Maturity UCITS ETF (QUID.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.LQUID.LDifference
Sharpe ratioReturn per unit of total volatility
1.29
0.77

+0.52

Sortino ratioReturn per unit of downside risk
1.94
1.18

+0.76

Omega ratioGain probability vs. loss probability

1.23

1.14

+0.09

Calmar ratioReturn relative to maximum drawdown

1.76

1.16

+0.60

Martin ratioReturn relative to average drawdown

6.93

2.63

+4.30

SPMV.L vs. QUID.L - Sharpe Ratio Comparison

The current SPMV.L Sharpe Ratio is 1.29, which is higher than the QUID.L Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of SPMV.L and QUID.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPMV.L vs. QUID.L - Drawdown Comparison

The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum QUID.L drawdown of -35.66%. Use the drawdown chart below to compare losses from any high point for SPMV.L and QUID.L.

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Drawdown Indicators

SPMV.LQUID.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.34%

-35.66%

+2.32%

Max Drawdown (1Y)

Largest decline over 1 year

-6.23%

-4.45%

-1.78%

Max Drawdown (3Y)

Largest decline over 3 years

-12.31%

-7.76%

-4.55%

Max Drawdown (5Y)

Largest decline over 5 years

-18.58%

-25.00%

+6.42%

Max Drawdown (10Y)

Largest decline over 10 years

-33.34%

-26.28%

-7.06%

Current Drawdown

Current decline from peak

-1.12%

-2.30%

+1.18%

Average Drawdown

Average peak-to-trough decline

-3.13%

-14.60%

+11.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

1.97%

-0.38%

Volatility

SPMV.L vs. QUID.L - Volatility Comparison

iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) has a higher volatility of 2.34% compared to PIMCO Sterling Short Maturity UCITS ETF (QUID.L) at 1.70%. This indicates that SPMV.L's price experiences larger fluctuations and is considered to be riskier than QUID.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.LQUID.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.34%

1.70%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

6.38%

5.06%

+1.32%

Volatility (1Y)

Calculated over the trailing 1-year period

8.50%

6.68%

+1.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.68%

8.63%

+4.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.77%

8.88%

+4.89%

Dividends

SPMV.L vs. QUID.L - Dividend Comparison

SPMV.L has not paid dividends to shareholders, while QUID.L's dividend yield for the trailing twelve months is around 4.17%.

PositionTTM20252024202320222021202020192018201720162015
QUID.L
PIMCO Sterling Short Maturity UCITS ETF		4.17%4.19%4.67%3.69%0.66%0.08%0.31%0.73%0.52%0.33%0.59%0.55%
SPMV.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPMV.L and QUID.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMV.L tracks iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc), while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF. They also come from different issuers: iShares and PIMCO.

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