SPMV.L vs. SPXE.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds - SPMV.L tracks the S&P 500 Minimum Volatility Net in USD while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, SPMV.L returned 8.32%/yr vs 13.75%/yr for SPXE.L. Their correlation of 0.86 suggests significant overlap in exposure. SPMV.L charges 0.20%/yr vs 0.09%/yr for SPXE.L.
Performance
SPMV.L vs. SPXE.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 SPXE.L's 9.88% 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%
SPXE.L
- 1D
- 0.08%
- 1M
- -0.60%
- 6M
- 8.78%
- YTD
- 9.88%
- 1Y
- 24.70%
- 3Y*
- 19.84%
- 5Y*
- 13.75%
- 10Y*
- —
SPMV.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 20.07% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 9.88% | 17.97% | 24.55% | 28.40% | -18.00% | 32.29% | 28.38% |
Correlation
The correlation between SPMV.L and SPXE.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.86 |
The correlation between SPMV.L and SPXE.L has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
SPMV.L vs. SPXE.L — Risk / Return Rank
SPMV.L
SPXE.L
SPMV.L vs. SPXE.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 Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.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 | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.80 | -0.94 |
| Martin ratioReturn relative to average drawdown | 7.33 | 11.92 | -4.59 |
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Drawdowns
SPMV.L vs. SPXE.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, which is greater than SPXE.L's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for SPMV.L and SPXE.L.
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Drawdown Indicators
| SPMV.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -24.15% | -9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -8.79% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -19.14% | +6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -23.93% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.79% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -4.70% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.07% | -0.48% |
Volatility
SPMV.L vs. SPXE.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 2.36%, while Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) has a volatility of 2.79%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than SPXE.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 | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 2.79% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 9.22% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 11.87% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 16.20% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 19.18% | -5.41% |
SPMV.L vs. SPXE.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is higher than SPXE.L's 0.09% 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. SPXE.L - Dividend Comparison
Neither SPMV.L nor SPXE.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and SPXE.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXE.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXE.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SPMV.L.
SPMV.L tracks S&P 500 Minimum Volatility Net in USD, while SPXE.L tracks S&P 500 Scored & Screened Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SPMV.L and 0.09% for SPXE.L.
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