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CS51.L vs. IMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CS51.L vs. IMV.L

Last updated Jun 5, 2026

CS51.L (iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds from iShares - CS51.L tracks the MSCI EMU NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CS51.L returned 11.56%/yr vs 7.68%/yr for IMV.L. Their correlation of 0.81 suggests significant overlap in exposure. CS51.L charges 0.10%/yr vs 0.25%/yr for IMV.L.

Performance

CS51.L vs. IMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CS51.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CS51.L achieves a 6.51% return, which is significantly higher than IMV.L's 4.72% return. Over the past 10 years, CS51.L has outperformed IMV.L with an annualized return of 11.56%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

CS51.L

1D
0.98%
1M
2.01%
YTD
6.51%
6M
7.62%
1Y
18.84%
3Y*
15.75%
5Y*
11.67%
10Y*
11.56%

IMV.L

1D
0.51%
1M
-0.33%
YTD
4.72%
6M
6.08%
1Y
8.16%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CS51.L vs. IMV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CS51.L
iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc		6.51%28.21%6.16%19.95%-3.29%15.48%2.70%22.16%-10.71%14.47%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between CS51.L and IMV.L is 0.59, 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

0.59

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2013

0.81

Over the past year, the correlation between CS51.L and IMV.L has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

CS51.L vs. IMV.L - Sectors Allocation Comparison

Sectors
CS51.L
IMV.L

Financial Services

25.0%
17.9%

Industrials

21.7%
15.4%

Technology

17.6%
2.8%

Consumer Cyclical

9.8%
3.6%

Consumer Defensive

5.5%
13.1%

Healthcare

5.2%
13.0%

Energy

4.8%
7.1%

Utilities

4.5%
10.2%

Basic Materials

3.5%
5.6%

Communication Services

2.4%
9.6%

Real Estate

-

1.6%

Financial Services

CS51.L
25.0%
IMV.L
17.9%

Industrials

CS51.L
21.7%
IMV.L
15.4%

Technology

CS51.L
17.6%
IMV.L
2.8%

Consumer Cyclical

CS51.L
9.8%
IMV.L
3.6%

Consumer Defensive

CS51.L
5.5%
IMV.L
13.1%

Healthcare

CS51.L
5.2%
IMV.L
13.0%

Energy

CS51.L
4.8%
IMV.L
7.1%

Utilities

CS51.L
4.5%
IMV.L
10.2%

Basic Materials

CS51.L
3.5%
IMV.L
5.6%

Communication Services

CS51.L
2.4%
IMV.L
9.6%

Real Estate

CS51.L

-

IMV.L
1.6%

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iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc

iShares Edge MSCI Europe Min Volatility UCITS

Often compared with CS51.L:
CS51.L vs. SMEA.LCS51.L vs. XSX6.LCS51.L vs. MEUD.LCS51.L vs. VERG.LCS51.L vs. MSED.LCS51.L vs. CEU1.LCS51.L vs. IEFQ.L
Often compared with IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

CS51.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CS51.L
CS51.L Risk / Return Rank: 3535
Overall Rank
CS51.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
CS51.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
CS51.L Omega Ratio Rank: 3535
Omega Ratio Rank
CS51.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
CS51.L Martin Ratio Rank: 3636
Martin Ratio Rank
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
Martin Ratio Rank
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.

CS51.L vs. IMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CS51.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.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.

CS51.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
1.24
0.91

+0.33

Sortino ratioReturn per unit of downside risk
1.85
1.27

+0.58

Omega ratioGain probability vs. loss probability

1.23

1.17

+0.06

Calmar ratioReturn relative to maximum drawdown

1.65

0.97

+0.67

Martin ratioReturn relative to average drawdown

5.52

2.92

+2.59

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CS51.L vs. IMV.L - Sharpe Ratio Comparison

The current CS51.L Sharpe Ratio is 1.24, which is higher than the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CS51.L and IMV.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.

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Sharpe Ratios by Period

CS51.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

0.91

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.69

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.62

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.71

-0.22

Drawdowns

CS51.L vs. IMV.L - Drawdown Comparison

The maximum CS51.L drawdown since its inception was -33.12%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for CS51.L and IMV.L.

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Drawdown Indicators

CS51.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.12%

-24.48%

-8.64%

Max Drawdown (1Y)

Largest decline over 1 year

-11.49%

-8.50%

-2.99%

Max Drawdown (3Y)

Largest decline over 3 years

-14.03%

-8.50%

-5.53%

Max Drawdown (5Y)

Largest decline over 5 years

-21.70%

-17.42%

-4.28%

Max Drawdown (10Y)

Largest decline over 10 years

-33.12%

-24.48%

-8.64%

Current Drawdown

Current decline from peak

-0.45%

-4.62%

+4.17%

Average Drawdown

Average peak-to-trough decline

-5.90%

-3.57%

-2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.83%

+0.60%

Volatility

CS51.L vs. IMV.L - Volatility Comparison

iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CS51.L) has a higher volatility of 4.93% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that CS51.L's price experiences larger fluctuations and is considered to be riskier than IMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CS51.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.93%

2.89%

+2.04%

Volatility (6M)

Calculated over the trailing 6-month period

12.42%

7.71%

+4.71%

Volatility (1Y)

Calculated over the trailing 1-year period

15.26%

9.13%

+6.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.25%

10.97%

+6.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

12.31%

+5.70%

CS51.L vs. IMV.L - Expense Ratio Comparison

CS51.L has a 0.10% expense ratio, which is lower than IMV.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

CS51.L vs. IMV.L - Dividend Comparison

Neither CS51.L nor IMV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CS51.L and IMV.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CS51.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CS51.L is cheaper with a 0.10% expense ratio, compared with 0.25% for IMV.L.

CS51.L tracks MSCI EMU NR EUR, while IMV.L tracks MSCI Europe NR EUR. Their fees differ too: 0.10% for CS51.L and 0.25% for IMV.L.

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