SPMV.L vs. XS2D.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - SPMV.L is a S&P 500 fund tracking the S&P 500 Minimum Volatility Net in USD, while XS2D.L is a Leveraged Equities fund tracking the S&P 500 2x Leveraged Daily Index. Both are passively managed. Over the past 10 years, SPMV.L returned 10.00%/yr vs 23.56%/yr for XS2D.L. Their correlation of 0.88 suggests significant overlap in exposure. SPMV.L charges 0.20%/yr vs 0.60%/yr for XS2D.L.
Performance
SPMV.L vs. XS2D.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 XS2D.L's 17.70% return. Over the past 10 years, SPMV.L has underperformed XS2D.L with an annualized return of 10.00%, while XS2D.L has yielded a comparatively higher 23.56% annualized 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%
XS2D.L
- 1D
- 0.07%
- 1M
- 0.14%
- 6M
- 15.13%
- YTD
- 17.70%
- 1Y
- 41.97%
- 3Y*
- 33.53%
- 5Y*
- 18.79%
- 10Y*
- 23.56%
SPMV.L vs. XS2D.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% |
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 17.70% | 26.58% | 45.65% | 48.87% | -39.09% | 63.03% | 20.96% | 62.86% | -15.93% | 43.49% |
Correlation
The correlation between SPMV.L and XS2D.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.88 |
The correlation between SPMV.L and XS2D.L has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
SPMV.L vs. XS2D.L — Risk / Return Rank
SPMV.L
XS2D.L
SPMV.L vs. XS2D.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 Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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 | XS2D.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.47 | -0.61 |
| Martin ratioReturn relative to average drawdown | 7.33 | 9.73 | -2.40 |
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Drawdowns
SPMV.L vs. XS2D.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum XS2D.L drawdown of -59.31%. Use the drawdown chart below to compare losses from any high point for SPMV.L and XS2D.L.
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Drawdown Indicators
| SPMV.L | XS2D.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -59.31% | +25.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -16.91% | +10.68% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -34.83% | +22.52% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -46.01% | +27.43% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -59.31% | +25.97% |
Current DrawdownCurrent decline from peak | -0.56% | -1.90% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -8.93% | +5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 4.30% | -2.71% |
Volatility
SPMV.L vs. XS2D.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 2.36%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) has a volatility of 5.56%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than XS2D.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 | XS2D.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 5.56% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 18.45% | -12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 24.27% | -15.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 31.89% | -19.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 32.33% | -18.56% |
SPMV.L vs. XS2D.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is lower than XS2D.L's 0.60% expense ratio.
Dividends
SPMV.L vs. XS2D.L - Dividend Comparison
Neither SPMV.L nor XS2D.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and XS2D.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPMV.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPMV.L is cheaper with a 0.20% expense ratio, compared with 0.60% for XS2D.L.
SPMV.L is categorized as S&P 500, while XS2D.L is Leveraged Equities. SPMV.L tracks S&P 500 Minimum Volatility Net in USD, while XS2D.L tracks S&P 500 2x Leveraged Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for SPMV.L and 0.60% for XS2D.L.
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