SPOL.L vs. MVED.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L).

SPOL.L and MVED.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPOL.L is a passively managed fund by iShares that tracks the performance of the MSCI Poland NR EUR. It was launched on Jan 21, 2011. MVED.L is a passively managed fund by BlackRock that tracks the performance of the MSCI Europe NR EUR. It was launched on Feb 23, 2018. Both SPOL.L and MVED.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPOL.L vs. MVED.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). The values are adjusted to include any dividend payments, if applicable.

SPOL.L vs. MVED.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPOL.L iShares MSCI Poland UCITS ETF USD (Acc)	5.27%	61.27%	-4.98%	41.52%	-17.96%	8.30%	-14.19%	-9.68%	-3.90%
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	5.49%	14.60%	3.94%	8.51%	-8.08%	14.30%	1.58%	15.71%	0.07%

Different Trading Currencies

SPOL.L is traded in GBp, while MVED.L is traded in EUR. To make them comparable, the MVED.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with SPOL.L having a 5.27% return and MVED.L slightly higher at 5.49%.

SPOL.L

• 1D: 2.85%
• 1M: -0.17%
• YTD: 5.27%
• 6M: 19.30%
• 1Y: 32.18%
• 3Y*: 33.50%
• 5Y*: 17.06%
• 10Y*: 7.71%

MVED.L

• 1D: 1.46%
• 1M: -2.56%
• YTD: 5.49%
• 6M: 6.22%
• 1Y: 10.51%
• 3Y*: 8.64%
• 5Y*: 7.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPOL.L vs. MVED.L - Expense Ratio Comparison

SPOL.L has a 0.74% expense ratio, which is higher than MVED.L's 0.25% expense ratio.

SPOL.L

iShares MSCI Poland UCITS ETF USD (Acc)

MVED.L

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

Return for Risk

SPOL.L vs. MVED.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPOL.L

SPOL.L Risk / Return Rank: 70
SPOL.L Sharpe Ratio Rank: 69
SPOL.L Sortino Ratio Rank: 68
SPOL.L Omega Ratio Rank: 56
SPOL.L Calmar Ratio Rank: 90
SPOL.L Martin Ratio Rank: 68

MVED.L

MVED.L Risk / Return Rank: 24
MVED.L Sharpe Ratio Rank: 24
MVED.L Sortino Ratio Rank: 22
MVED.L Omega Ratio Rank: 25
MVED.L Calmar Ratio Rank: 26
MVED.L Martin Ratio Rank: 23

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.

SPOL.L vs. MVED.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.

	SPOL.L	MVED.L	Difference
Sharpe ratio Return per unit of total volatility	1.28	0.86	+0.43
Sortino ratio Return per unit of downside risk	1.80	1.18	+0.62
Omega ratio Gain probability vs. loss probability	1.22	1.18	+0.04
Calmar ratio Return relative to maximum drawdown	3.26	1.36	+1.90
Martin ratio Return relative to average drawdown	7.75	4.77	+2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPOL.L vs. MVED.L - Sharpe Ratio Comparison

The current SPOL.L Sharpe Ratio is 1.28, which is higher than the MVED.L Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of SPOL.L and MVED.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPOL.L	MVED.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.86	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.68	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.51	-0.37

Correlation

The correlation between SPOL.L and MVED.L is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPOL.L vs. MVED.L - Dividend Comparison

Neither SPOL.L nor MVED.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPOL.L iShares MSCI Poland UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	0.00%	0.00%	0.00%	2.67%	2.95%	2.16%	2.54%	2.81%	2.50%

Drawdowns

SPOL.L vs. MVED.L - Drawdown Comparison

The maximum SPOL.L drawdown since its inception was -56.64%, which is greater than MVED.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for SPOL.L and MVED.L.

Drawdown Indicators

	SPOL.L	MVED.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.64%	-30.56%	-26.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	-9.10%	-4.51%
Max Drawdown (5Y) Largest decline over 5 years	-46.27%	-19.54%	-26.73%
Max Drawdown (10Y) Largest decline over 10 years	-56.64%	—	—
Current Drawdown Current decline from peak	-3.53%	-3.68%	+0.15%
Average Drawdown Average peak-to-trough decline	-22.01%	-5.22%	-16.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.26%	+0.74%

Volatility

SPOL.L vs. MVED.L - Volatility Comparison

iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a higher volatility of 7.87% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 4.26%. This indicates that SPOL.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPOL.L	MVED.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.87%	4.26%	+3.61%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	7.45%	+8.78%
Volatility (1Y) Calculated over the trailing 1-year period	25.08%	12.25%	+12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.96%	11.33%	+15.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.39%	13.01%	+12.38%