0Y8Z.L vs. MVED.L
0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - 0Y8Z.L tracks the MSCI EMU Net Index (EUR) while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, 0Y8Z.L returned 15.97%/yr vs 11.83%/yr for MVED.L. At a 0.29 correlation, their price movements are largely independent. 0Y8Z.L charges 0.12%/yr vs 0.25%/yr for MVED.L.
Performance
0Y8Z.L vs. MVED.L - Performance Comparison
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Returns By Period
In the year-to-date period, 0Y8Z.L achieves a 11.27% return, which is significantly higher than MVED.L's 8.45% return.
0Y8Z.L
- 1D
- -1.02%
- 1M
- -0.23%
- 6M
- 6.94%
- YTD
- 11.27%
- 1Y
- 20.28%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
MVED.L
- 1D
- -0.13%
- 1M
- 1.36%
- 6M
- 6.60%
- YTD
- 8.45%
- 1Y
- 11.37%
- 3Y*
- 11.83%
- 5Y*
- 7.01%
- 10Y*
- —
0Y8Z.L vs. MVED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 11.27% | 24.83% | 8.63% | 15.41% | 1.14% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 8.45% | 11.81% | 11.70% | 10.68% | -3.46% |
Correlation
The correlation between 0Y8Z.L and MVED.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.29 |
The correlation between 0Y8Z.L and MVED.L shifts across timeframes, from 0.29 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0Y8Z.L vs. MVED.L — Risk / Return Rank
0Y8Z.L
MVED.L
0Y8Z.L vs. MVED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.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.
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.
| 0Y8Z.L | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.62 | +0.51 |
| Martin ratioReturn relative to average drawdown | 8.14 | 4.91 | +3.22 |
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Drawdowns
0Y8Z.L vs. MVED.L - Drawdown Comparison
The maximum 0Y8Z.L drawdown since its inception was -14.60%, smaller than the maximum MVED.L drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for 0Y8Z.L and MVED.L.
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Drawdown Indicators
| 0Y8Z.L | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -30.52% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -7.01% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -10.47% | -4.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.58% | — |
Current DrawdownCurrent decline from peak | -2.77% | -0.67% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -5.03% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.31% | +0.29% |
Volatility
0Y8Z.L vs. MVED.L - Volatility Comparison
iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) has a higher volatility of 4.06% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.77%. This indicates that 0Y8Z.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.
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Volatility by Period
| 0Y8Z.L | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.77% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 7.47% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 8.96% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 11.02% | +7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 12.59% | +6.40% |
0Y8Z.L vs. MVED.L - Expense Ratio Comparison
0Y8Z.L has a 0.12% expense ratio, which is lower than MVED.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
0Y8Z.L vs. MVED.L - Dividend Comparison
0Y8Z.L's dividend yield for the trailing twelve months is around 2.32%, less than MVED.L's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.32% | 2.53% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 2.52% | 2.69% | 2.56% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.51% |
Frequently Asked Questions
0Y8Z.L and MVED.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0Y8Z.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0Y8Z.L is cheaper with a 0.12% expense ratio, compared with 0.25% for MVED.L.
0Y8Z.L tracks MSCI EMU Net Index (EUR), while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.12% for 0Y8Z.L and 0.25% for MVED.L.
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