PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CSUK.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUK.L vs. MVEU.L

Last updated Jun 26, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - CSUK.L tracks the FTSE AllSh TR GBP while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CSUK.L returned 9.45%/yr vs 8.04%/yr for MVEU.L. A 0.74 correlation means they provide meaningful diversification when combined. CSUK.L charges 0.33%/yr vs 0.25%/yr for MVEU.L.

Performance

CSUK.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

CSUK.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSUK.L achieves a 8.00% return, which is significantly higher than MVEU.L's 6.38% return. Over the past 10 years, CSUK.L has outperformed MVEU.L with an annualized return of 9.45%, while MVEU.L has yielded a comparatively lower 8.04% annualized return.

CSUK.L

1D
0.96%
1M
0.31%
YTD
8.00%
6M
8.71%
1Y
24.64%
3Y*
15.87%
5Y*
12.20%
10Y*
9.45%

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUK.L vs. MVEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		8.00%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.38%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between CSUK.L and MVEU.L is 0.70, 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

0.70

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

0.74

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

0.70

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

0.73

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.74

The correlation between CSUK.L and MVEU.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

CSUK.L vs. MVEU.L - Sectors Allocation Comparison

Sectors
CSUK.L
MVEU.L

Financial Services

24.7%
17.6%

Healthcare

14.6%
12.3%

Consumer Defensive

13.7%
14.1%

Industrials

13.0%
15.6%

Energy

12.2%
6.9%

Basic Materials

9.1%
5.1%

Utilities

5.2%
10.1%

Consumer Cyclical

4.0%
3.6%

Communication Services

2.3%
9.0%

Real Estate

0.6%
1.5%

Technology

0.6%
3.4%

Financial Services

CSUK.L
24.7%
MVEU.L
17.6%

Healthcare

CSUK.L
14.6%
MVEU.L
12.3%

Consumer Defensive

CSUK.L
13.7%
MVEU.L
14.1%

Industrials

CSUK.L
13.0%
MVEU.L
15.6%

Energy

CSUK.L
12.2%
MVEU.L
6.9%

Basic Materials

CSUK.L
9.1%
MVEU.L
5.1%

Utilities

CSUK.L
5.2%
MVEU.L
10.1%

Consumer Cyclical

CSUK.L
4.0%
MVEU.L
3.6%

Communication Services

CSUK.L
2.3%
MVEU.L
9.0%

Real Estate

CSUK.L
0.6%
MVEU.L
1.5%

Technology

CSUK.L
0.6%
MVEU.L
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI UK UCITS ETF (Acc)

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. ^GSPCCSUK.L vs. VUKG.LCSUK.L vs. EWUCSUK.L vs. ISF.LCSUK.L vs. VUAG.L
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

CSUK.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 7070
Overall Rank
CSUK.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 7777
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5959
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
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.

CSUK.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

CSUK.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.14
1.33

+0.81

Sortino ratioReturn per unit of downside risk
2.95
1.84

+1.10

Omega ratioGain probability vs. loss probability

1.40

1.24

+0.15

Calmar ratioReturn relative to maximum drawdown

2.75

1.42

+1.34

Martin ratioReturn relative to average drawdown

9.21

4.19

+5.02

CSUK.L vs. MVEU.L - Sharpe Ratio Comparison

The current CSUK.L Sharpe Ratio is 2.14, which is higher than the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of CSUK.L and MVEU.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.

Loading charts...

Drawdowns

CSUK.L vs. MVEU.L - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for CSUK.L and MVEU.L.

Loading charts...

Drawdown Indicators

CSUK.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-23.74%

-10.81%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-8.32%

-0.59%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-8.32%

-4.33%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-17.42%

+4.77%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-23.74%

-10.81%

Current Drawdown

Current decline from peak

-2.35%

-3.10%

+0.75%

Average Drawdown

Average peak-to-trough decline

-4.55%

-3.52%

-1.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

2.82%

-0.15%

Volatility

CSUK.L vs. MVEU.L - Volatility Comparison

iShares MSCI UK UCITS ETF (Acc) (CSUK.L) has a higher volatility of 3.34% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that CSUK.L's price experiences larger fluctuations and is considered to be riskier than MVEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CSUK.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

1.93%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.95%

7.32%

+2.63%

Volatility (1Y)

Calculated over the trailing 1-year period

11.49%

8.92%

+2.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.76%

11.28%

+1.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.99%

12.62%

+2.37%

CSUK.L vs. MVEU.L - Expense Ratio Comparison

CSUK.L has a 0.33% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

CSUK.L vs. MVEU.L - Dividend Comparison

Neither CSUK.L nor MVEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CSUK.L and MVEU.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CSUK.L.

CSUK.L tracks FTSE AllSh TR GBP, while MVEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.33% for CSUK.L and 0.25% for MVEU.L.

Portfolio Optimizer

Find the right allocation for CSUK.L and MVEU.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