CSX5.L vs. MVEU.L

Last updated Jul 18, 2026

CSX5.L (iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - CSX5.L tracks the MSCI EMU NR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CSX5.L returned 10.96%/yr vs 6.96%/yr for MVEU.L. A 0.79 correlation means they provide meaningful diversification when combined. CSX5.L charges 0.10%/yr vs 0.25%/yr for MVEU.L.

Performance

CSX5.L vs. MVEU.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 (CSX5.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.

Returns By Period

The year-to-date returns for both stocks are quite close, with CSX5.L having a 9.88% return and MVEU.L slightly lower at 9.39%. Over the past 10 years, CSX5.L has outperformed MVEU.L with an annualized return of 10.96%, while MVEU.L has yielded a comparatively lower 6.96% annualized return.

CSX5.L

• 1D: -0.90%
• 1M: -1.04%
• 6M: 5.43%
• YTD: 9.88%
• 1Y: 18.88%
• 3Y*: 15.71%
• 5Y*: 12.33%
• 10Y*: 10.96%

MVEU.L

• 1D: 0.78%
• 1M: 2.33%
• 6M: 7.23%
• YTD: 9.39%
• 1Y: 11.84%
• 3Y*: 12.06%
• 5Y*: 7.16%
• 10Y*: 6.96%

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

CSX5.L vs. MVEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSX5.L iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc	9.88%	21.71%	11.38%	22.29%	-8.36%	23.37%	-2.27%	28.04%	-11.52%	10.61%
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)	9.39%	11.66%	11.79%	10.66%	-12.67%	21.67%	-3.86%	22.42%	-3.82%	9.48%

Correlation

The correlation between CSX5.L and MVEU.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.79

Over the past year, the correlation between CSX5.L and MVEU.L has dropped to 0.55 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

CSX5.L vs. MVEU.L - Sectors Allocation Comparison

Sectors	CSX5.L	MVEU.L
Financial Services	26.4%	17.7%
Industrials	22.1%	15.6%
Technology	16.3%	3.5%
Consumer Cyclical	9.7%	3.6%
Consumer Defensive	5.5%	14.5%
Healthcare	5.4%	12.8%
Utilities	4.9%	10.0%
Energy	4.4%	6.6%
Basic Materials	3.5%	5.2%
Communication Services	1.9%	8.3%
Real Estate	-	1.5%

Return for Risk

CSX5.L vs. MVEU.L — Risk / Return Rank

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

CSX5.L

CSX5.L Risk / Return Rank: 43
CSX5.L Sharpe Ratio Rank: 42
CSX5.L Sortino Ratio Rank: 44
CSX5.L Omega Ratio Rank: 42
CSX5.L Calmar Ratio Rank: 42
CSX5.L Martin Ratio Rank: 46

MVEU.L

MVEU.L Risk / Return Rank: 47
MVEU.L Sharpe Ratio Rank: 50
MVEU.L Sortino Ratio Rank: 49
MVEU.L Omega Ratio Rank: 50
MVEU.L Calmar Ratio Rank: 42
MVEU.L Martin Ratio Rank: 42

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.

CSX5.L vs. MVEU.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 (CSX5.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.

	CSX5.L	MVEU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.34	-0.14
Sortino ratio: Return per unit of downside risk	1.82	1.91	-0.09
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.73	1.68	+0.05
Martin ratio: Return relative to average drawdown	6.05	5.18	+0.87

CSX5.L vs. MVEU.L - Sharpe Ratio Comparison

The current CSX5.L Sharpe Ratio is 1.20, which is comparable to the MVEU.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of CSX5.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.

Drawdowns

CSX5.L vs. MVEU.L - Drawdown Comparison

The maximum CSX5.L drawdown since its inception was -37.87%, which is greater than MVEU.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for CSX5.L and MVEU.L.

Drawdown Indicators

	CSX5.L	MVEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.87%	-30.56%	-7.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-7.04%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-16.34%	-10.78%	-5.56%
Max Drawdown (5Y) Largest decline over 5 years	-23.61%	-19.51%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	-37.87%	-30.56%	-7.31%
Current Drawdown Current decline from peak	-2.79%	0.00%	-2.79%
Average Drawdown Average peak-to-trough decline	-6.93%	-4.53%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.28%	+0.84%

Volatility

CSX5.L vs. MVEU.L - Volatility Comparison

iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CSX5.L) has a higher volatility of 4.09% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.38%. This indicates that CSX5.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.

Volatility by Period

	CSX5.L	MVEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	2.38%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	7.25%	+5.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	8.81%	+6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	11.05%	+6.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	12.15%	+5.69%

CSX5.L vs. MVEU.L - Expense Ratio Comparison

CSX5.L has a 0.10% expense ratio, which is lower than MVEU.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

CSX5.L vs. MVEU.L - Dividend Comparison

Neither CSX5.L nor MVEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSX5.L and MVEU.L in my portfolio?

CSX5.L and MVEU.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSX5.L or MVEU.L?

On fees, CSX5.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, CSX5.L or MVEU.L?

CSX5.L is cheaper with a 0.10% expense ratio, compared with 0.25% for MVEU.L.

What is the main difference between CSX5.L and MVEU.L?

CSX5.L tracks MSCI EMU NR EUR, while MVEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.10% for CSX5.L and 0.25% for MVEU.L.