SPXE.L vs. IWVL.L
SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - SPXE.L is a S&P 500 fund tracking the S&P 500 Scored & Screened Index, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 5 years, SPXE.L returned 13.46%/yr vs 16.15%/yr for IWVL.L. A 0.76 correlation means they provide meaningful diversification when combined. SPXE.L charges 0.09%/yr vs 0.25%/yr for IWVL.L.
Performance
SPXE.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPXE.L achieves a 8.48% return, which is significantly lower than IWVL.L's 27.44% return.
SPXE.L
- 1D
- -1.23%
- 1M
- -1.46%
- 6M
- 7.68%
- YTD
- 8.48%
- 1Y
- 22.18%
- 3Y*
- 19.17%
- 5Y*
- 13.46%
- 10Y*
- —
IWVL.L
- 1D
- -0.51%
- 1M
- -5.00%
- 6M
- 23.16%
- YTD
- 27.44%
- 1Y
- 54.19%
- 3Y*
- 25.54%
- 5Y*
- 16.15%
- 10Y*
- 12.31%
SPXE.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.48% | 17.97% | 24.55% | 28.40% | -18.00% | 32.29% | 28.38% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 27.44% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | 17.56% |
Correlation
The correlation between SPXE.L and IWVL.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.76 |
The correlation between SPXE.L and IWVL.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. IWVL.L — Risk / Return Rank
SPXE.L
IWVL.L
SPXE.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.56 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 6.17 | -3.66 |
| Martin ratioReturn relative to average drawdown | 10.68 | 20.77 | -10.09 |
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Drawdowns
SPXE.L vs. IWVL.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for SPXE.L and IWVL.L.
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Drawdown Indicators
| SPXE.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -39.30% | +15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -8.74% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -14.46% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | -26.55% | +2.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -2.05% | -5.96% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -7.44% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.60% | -0.53% |
Volatility
SPXE.L vs. IWVL.L - Volatility Comparison
The current volatility for Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) is 3.04%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.01%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than IWVL.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.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 6.01% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 14.90% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 17.03% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 16.28% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 16.90% | +2.28% |
SPXE.L vs. IWVL.L - Expense Ratio Comparison
SPXE.L has a 0.09% expense ratio, which is lower than IWVL.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPXE.L vs. IWVL.L - Dividend Comparison
Neither SPXE.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
SPXE.L and IWVL.L have a correlation of 0.74, 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 0.25% for IWVL.L.
SPXE.L is categorized as S&P 500, while IWVL.L is Global Equities. SPXE.L tracks S&P 500 Scored & Screened Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for SPXE.L and 0.25% for IWVL.L.
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