SPYL.L vs. SPMV.L
SPYL.L (SPDR S&P 500 UCITS ETF USD Acc) and SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both S&P 500 funds - SPYL.L tracks the S&P 500 while SPMV.L tracks the S&P 500 Minimum Volatility Net in USD. Both are passively managed. Over the past year, SPYL.L returned 20.00% vs 10.52% for SPMV.L. Their correlation of 0.81 suggests significant overlap in exposure. SPYL.L charges 0.03%/yr vs 0.20%/yr for SPMV.L.
Performance
SPYL.L vs. SPMV.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYL.L achieves a 9.03% return, which is significantly higher than SPMV.L's 4.24% return.
SPYL.L
- 1D
- -1.23%
- 1M
- -0.54%
- 6M
- 8.01%
- YTD
- 9.03%
- 1Y
- 20.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMV.L
- 1D
- -0.19%
- 1M
- 0.14%
- 6M
- 4.46%
- YTD
- 4.24%
- 1Y
- 10.52%
- 3Y*
- 12.84%
- 5Y*
- 8.28%
- 10Y*
- 9.98%
SPYL.L vs. SPMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.L SPDR S&P 500 UCITS ETF USD Acc | 9.03% | 17.38% | 25.35% | 14.40% |
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.24% | 11.55% | 18.68% | 12.15% |
Correlation
The correlation between SPYL.L and SPMV.L is 0.83, 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 | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.81 |
The correlation between SPYL.L and SPMV.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYL.L vs. SPMV.L — Risk / Return Rank
SPYL.L
SPMV.L
SPYL.L vs. SPMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.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.
| SPYL.L | SPMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.68 | +0.76 |
| Martin ratioReturn relative to average drawdown | 9.84 | 6.62 | +3.23 |
Loading charts...
Drawdowns
SPYL.L vs. SPMV.L - Drawdown Comparison
The maximum SPYL.L drawdown since its inception was -20.80%, smaller than the maximum SPMV.L drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for SPYL.L and SPMV.L.
Loading charts...
Drawdown Indicators
| SPYL.L | SPMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.80% | -33.34% | +12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -6.23% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -1.70% | -0.75% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -3.13% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.59% | +0.44% |
Volatility
SPYL.L vs. SPMV.L - Volatility Comparison
SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) has a higher volatility of 2.98% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) at 1.82%. This indicates that SPYL.L's price experiences larger fluctuations and is considered to be riskier than SPMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYL.L | SPMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 1.82% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 6.37% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 8.50% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.53% | 12.67% | +11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 13.77% | +10.76% |
SPYL.L vs. SPMV.L - Expense Ratio Comparison
SPYL.L has a 0.03% expense ratio, which is lower than SPMV.L's 0.20% 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
SPYL.L vs. SPMV.L - Dividend Comparison
Neither SPYL.L nor SPMV.L has paid dividends to shareholders.
Frequently Asked Questions
SPYL.L and SPMV.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.L is cheaper with a 0.03% expense ratio, compared with 0.20% for SPMV.L.
SPYL.L tracks S&P 500, while SPMV.L tracks S&P 500 Minimum Volatility Net in USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.03% for SPYL.L and 0.20% for SPMV.L.
Find the right allocation for SPYL.L and SPMV.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer