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SPXE.L vs. IWVG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPXE.L vs. IWVG.L

Last updated Jul 16, 2026
Documentation

SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, SPXE.L returned 13.72%/yr vs 16.55%/yr for IWVG.L. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

SPXE.L vs. IWVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPXE.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPXE.L achieves a 9.73% return, which is significantly lower than IWVG.L's 29.21% return.

SPXE.L

1D
-0.05%
1M
-0.92%
6M
9.61%
YTD
9.73%
1Y
23.78%
3Y*
19.79%
5Y*
13.72%
10Y*
—

IWVG.L

1D
-1.38%
1M
-4.12%
6M
25.30%
YTD
29.21%
1Y
56.72%
3Y*
26.65%
5Y*
16.55%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXE.L vs. IWVG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SPXE.L
Invesco S&P 500 Scored & Screened ETF Acc		9.73%17.97%24.55%28.40%-18.00%32.29%28.38%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		29.21%41.17%4.80%19.04%-9.76%20.14%18.71%

Correlation

The correlation between SPXE.L and IWVG.L is 0.72, 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

0.72

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

0.64

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

0.70

Correlation (All Time)
Calculated using the full available price history since Mar 10, 2020

0.70

The correlation between SPXE.L and IWVG.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

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Invesco S&P 500 Scored & Screened ETF Acc

iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)

Often compared with IWVG.L:
IWVG.L vs. IWQU.LIWVG.L vs. VTVIWVG.L vs. XDEV.LIWVG.L vs. URTHIWVG.L vs. VTIWVG.L vs. IUVD.LIWVG.L vs. VWRA.L

Return for Risk

SPXE.L vs. IWVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXE.L
SPXE.L Risk / Return Rank: 7979
Overall Rank
SPXE.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
SPXE.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
SPXE.L Omega Ratio Rank: 8181
Omega Ratio Rank
SPXE.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPXE.L Martin Ratio Rank: 7979
Martin Ratio Rank
IWVG.L
IWVG.L Risk / Return Rank: 9696
Overall Rank
IWVG.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWVG.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWVG.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVG.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IWVG.L Martin Ratio Rank: 9696
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.

SPXE.L vs. IWVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.

SPXE.LIWVG.LDifference
Sharpe ratioReturn per unit of total volatility
2.06
3.48

-1.42

Sortino ratioReturn per unit of downside risk
3.11
4.73

-1.62

Omega ratioGain probability vs. loss probability

1.38

1.60

-0.22

Calmar ratioReturn relative to maximum drawdown

2.78

6.55

-3.77

Martin ratioReturn relative to average drawdown

11.84

23.13

-11.28

SPXE.L vs. IWVG.L - Sharpe Ratio Comparison

The current SPXE.L Sharpe Ratio is 2.06, which is lower than the IWVG.L Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of SPXE.L and IWVG.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

SPXE.L vs. IWVG.L - Drawdown Comparison

The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum IWVG.L drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for SPXE.L and IWVG.L.

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Drawdown Indicators

SPXE.LIWVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.15%

-35.79%

+11.64%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

-8.62%

-0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-19.14%

-14.64%

-4.50%

Max Drawdown (5Y)

Largest decline over 5 years

-23.93%

-26.94%

+3.01%

Current Drawdown

Current decline from peak

-0.92%

-4.24%

+3.32%

Average Drawdown

Average peak-to-trough decline

-4.70%

-6.64%

+1.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

2.45%

-0.38%

Volatility

SPXE.L vs. IWVG.L - Volatility Comparison

The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) is 2.79%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.03%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPXE.LIWVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

6.03%

-3.24%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

13.95%

-4.73%

Volatility (1Y)

Calculated over the trailing 1-year period

11.87%

16.24%

-4.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.20%

15.95%

+0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.18%

17.66%

+1.52%

Dividends

SPXE.L vs. IWVG.L - Dividend Comparison

SPXE.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.

PositionTTM20252024202320222021202020192018
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		1.93%2.48%3.12%3.22%3.11%2.61%2.37%2.90%2.48%
SPXE.L
Invesco S&P 500 Scored & Screened ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPXE.L and IWVG.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPXE.L tracks Invesco S&P 500 Scored & Screened ETF Acc, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Invesco and iShares.

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