VMIG.L vs. S250.L

Last updated Jun 5, 2026

VMIG.L (Vanguard FTSE 250 UCITS ETF (GBP) Accumulating) and S250.L (Invesco FTSE 250 UCITS ETF) are both Europe Equities funds tracking the FTSE 250 Ex Investment Trust TR GBP, from Vanguard and Invesco respectively. Both are passively managed. Over the past 5 years, VMIG.L returned 3.38%/yr vs 3.40%/yr for S250.L. With a 0.98 correlation, they move nearly in lockstep. VMIG.L charges 0.10%/yr vs 0.12%/yr for S250.L.

Performance

VMIG.L vs. S250.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and Invesco FTSE 250 UCITS ETF (S250.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VMIG.L is traded in GBP, while S250.L is traded in GBp. To make them comparable, the S250.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 VMIG.L having a 5.18% return and S250.L slightly higher at 5.31%.

VMIG.L

• 1D: 0.70%
• 1M: 4.25%
• YTD: 5.18%
• 6M: 7.41%
• 1Y: 14.23%
• 3Y*: 10.30%
• 5Y*: 3.38%
• 10Y*: —

S250.L

• 1D: 0.50%
• 1M: 4.20%
• YTD: 5.31%
• 6M: 7.34%
• 1Y: 14.35%
• 3Y*: 10.35%
• 5Y*: 3.40%
• 10Y*: 5.79%

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

VMIG.L vs. S250.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VMIG.L Vanguard FTSE 250 UCITS ETF (GBP) Accumulating	5.18%	12.85%	7.41%	8.08%	-17.25%	16.12%	-4.72%	14.21%
S250.L Invesco FTSE 250 UCITS ETF	5.31%	12.81%	7.93%	7.60%	-17.52%	16.69%	-4.90%	14.14%

Correlation

The correlation between VMIG.L and S250.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since May 17, 2019	0.98

The correlation between VMIG.L and S250.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

VMIG.L vs. S250.L - Sectors Allocation Comparison

Sectors	VMIG.L	S250.L
Industrials	19.9%	19.9%
Financial Services	19.4%	19.5%
Consumer Cyclical	13.3%	13.3%
Real Estate	9.4%	9.4%
Technology	9.4%	9.3%
Basic Materials	6.6%	6.6%
Consumer Defensive	6.1%	6.1%
Communication Services	5.9%	5.9%
Healthcare	4.4%	4.4%
Utilities	3.0%	3.0%
Energy	2.5%	2.5%

Return for Risk

VMIG.L vs. S250.L — Risk / Return Rank

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

VMIG.L

VMIG.L Risk / Return Rank: 31
VMIG.L Sharpe Ratio Rank: 32
VMIG.L Sortino Ratio Rank: 34
VMIG.L Omega Ratio Rank: 32
VMIG.L Calmar Ratio Rank: 26
VMIG.L Martin Ratio Rank: 31

S250.L

S250.L Risk / Return Rank: 31
S250.L Sharpe Ratio Rank: 33
S250.L Sortino Ratio Rank: 33
S250.L Omega Ratio Rank: 32
S250.L Calmar Ratio Rank: 26
S250.L Martin Ratio Rank: 31

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.

VMIG.L vs. S250.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and Invesco FTSE 250 UCITS ETF (S250.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.

	VMIG.L	S250.L	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.15	0.00
Sortino ratio: Return per unit of downside risk	1.74	1.74	0.00
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.22	1.24	-0.02
Martin ratio: Return relative to average drawdown	4.41	4.49	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMIG.L vs. S250.L - Sharpe Ratio Comparison

The current VMIG.L Sharpe Ratio is 1.16, which is comparable to the S250.L Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of VMIG.L and S250.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.

Sharpe Ratios by Period

	VMIG.L	S250.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.15	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.23	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.55	-0.24

Drawdowns

VMIG.L vs. S250.L - Drawdown Comparison

The maximum VMIG.L drawdown since its inception was -41.38%, roughly equal to the maximum S250.L drawdown of -40.91%. Use the drawdown chart below to compare losses from any high point for VMIG.L and S250.L.

Drawdown Indicators

	VMIG.L	S250.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.38%	-40.91%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-11.48%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-16.16%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-29.51%	-29.69%	+0.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.91%	—
Current Drawdown Current decline from peak	-0.69%	-0.69%	0.00%
Average Drawdown Average peak-to-trough decline	-10.02%	-7.19%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	3.19%	+0.03%

Volatility

VMIG.L vs. S250.L - Volatility Comparison

The current volatility for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) is 3.70%, while Invesco FTSE 250 UCITS ETF (S250.L) has a volatility of 4.15%. This indicates that VMIG.L experiences smaller price fluctuations and is considered to be less risky than S250.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMIG.L	S250.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.15%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	10.33%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	12.41%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	14.95%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	16.43%	+0.88%

VMIG.L vs. S250.L - Expense Ratio Comparison

VMIG.L has a 0.10% expense ratio, which is lower than S250.L's 0.12% 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

VMIG.L vs. S250.L - Dividend Comparison

Neither VMIG.L nor S250.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VMIG.L and S250.L in my portfolio?

With a correlation of 0.98, VMIG.L and S250.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VMIG.L or S250.L?

On fees, VMIG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMIG.L or S250.L?

VMIG.L is cheaper with a 0.10% expense ratio, compared with 0.12% for S250.L.

What is the main difference between VMIG.L and S250.L?

Both ETFs track FTSE 250 Ex Investment Trust TR GBP. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.10% for VMIG.L and 0.12% for S250.L.