CIE.NEO vs. MVEW.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares International Fundamental Common Class (CIE.NEO) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L).

CIE.NEO and MVEW.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CIE.NEO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Developed ex US 1000 Index. It was launched on Feb 14, 2007. MVEW.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Apr 20, 2020. Both CIE.NEO and MVEW.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CIE.NEO vs. MVEW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares International Fundamental Common Class (CIE.NEO) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L). The values are adjusted to include any dividend payments, if applicable.

CIE.NEO vs. MVEW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CIE.NEO iShares International Fundamental Common Class	7.68%	34.92%	12.83%	15.59%	-2.83%	14.42%	11.92%
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)	0.07%	6.44%	20.07%	7.07%	-5.41%	16.66%	0.48%

Different Trading Currencies

CIE.NEO is traded in CAD, while MVEW.L is traded in GBP. To make them comparable, the MVEW.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CIE.NEO achieves a 7.68% return, which is significantly higher than MVEW.L's 0.07% return.

CIE.NEO

• 1D: 1.27%
• 1M: -2.90%
• YTD: 7.68%
• 6M: 13.81%
• 1Y: 32.76%
• 3Y*: 21.20%
• 5Y*: 14.35%
• 10Y*: 11.26%

MVEW.L

• 1D: 0.75%
• 1M: -2.60%
• YTD: 0.07%
• 6M: 0.06%
• 1Y: 0.09%
• 3Y*: 10.45%
• 5Y*: 8.43%
• 10Y*: —

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

CIE.NEO vs. MVEW.L - Expense Ratio Comparison

CIE.NEO has a 0.73% expense ratio, which is higher than MVEW.L's 0.30% expense ratio.

CIE.NEO

iShares International Fundamental Common Class

MVEW.L

iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)

Return for Risk

CIE.NEO vs. MVEW.L — Risk / Return Rank

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

CIE.NEO

CIE.NEO Risk / Return Rank: 86
CIE.NEO Sharpe Ratio Rank: 88
CIE.NEO Sortino Ratio Rank: 90
CIE.NEO Omega Ratio Rank: 90
CIE.NEO Calmar Ratio Rank: 80
CIE.NEO Martin Ratio Rank: 82

MVEW.L

MVEW.L Risk / Return Rank: 12
MVEW.L Sharpe Ratio Rank: 12
MVEW.L Sortino Ratio Rank: 10
MVEW.L Omega Ratio Rank: 11
MVEW.L Calmar Ratio Rank: 13
MVEW.L Martin Ratio Rank: 13

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.

CIE.NEO vs. MVEW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.

	CIE.NEO	MVEW.L	Difference
Sharpe ratio Return per unit of total volatility	1.96	0.01	+1.95
Sortino ratio Return per unit of downside risk	2.67	0.09	+2.58
Omega ratio Gain probability vs. loss probability	1.40	1.01	+0.39
Calmar ratio Return relative to maximum drawdown	2.49	0.05	+2.44
Martin ratio Return relative to average drawdown	10.13	0.16	+9.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIE.NEO vs. MVEW.L - Sharpe Ratio Comparison

The current CIE.NEO Sharpe Ratio is 1.96, which is higher than the MVEW.L Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of CIE.NEO and MVEW.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CIE.NEO	MVEW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	0.01	+1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.85	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.76	-0.35

Correlation

The correlation between CIE.NEO and MVEW.L is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CIE.NEO vs. MVEW.L - Dividend Comparison

CIE.NEO's dividend yield for the trailing twelve months is around 2.32%, while MVEW.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIE.NEO iShares International Fundamental Common Class	2.32%	2.53%	2.82%	3.08%	3.32%	2.89%	2.15%	3.63%	3.12%	2.67%	2.80%	2.44%
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CIE.NEO vs. MVEW.L - Drawdown Comparison

The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than MVEW.L's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and MVEW.L.

Drawdown Indicators

	CIE.NEO	MVEW.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.08%	-10.07%	-30.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-7.09%	-5.78%
Max Drawdown (5Y) Largest decline over 5 years	-20.55%	-10.07%	-10.48%
Max Drawdown (10Y) Largest decline over 10 years	-40.08%	—	—
Current Drawdown Current decline from peak	-5.17%	-3.43%	-1.74%
Average Drawdown Average peak-to-trough decline	-7.19%	-2.53%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	1.92%	+1.24%

Volatility

CIE.NEO vs. MVEW.L - Volatility Comparison

iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 7.47% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 3.22%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than MVEW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIE.NEO	MVEW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	3.22%	+4.25%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	6.15%	+4.77%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	11.83%	+4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	9.93%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	10.05%	+8.10%