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EEI.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEI.L vs. MVEU.L

Last updated Jun 26, 2026

EEI.L (WisdomTree Europe Equity Income UCITS ETF) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - EEI.L tracks the MSCI Europe High Div Yld NR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, EEI.L returned 9.98%/yr vs 8.04%/yr for MVEU.L. A 0.73 correlation means they provide meaningful diversification when combined. EEI.L charges 0.29%/yr vs 0.25%/yr for MVEU.L.

Performance

EEI.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe Equity Income UCITS ETF (EEI.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.

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Different Trading Currencies

EEI.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, EEI.L achieves a 12.70% return, which is significantly higher than MVEU.L's 6.38% return. Over the past 10 years, EEI.L has outperformed MVEU.L with an annualized return of 9.98%, while MVEU.L has yielded a comparatively lower 8.04% annualized return.

EEI.L

1D
0.50%
1M
-0.67%
YTD
12.70%
6M
14.03%
1Y
29.55%
3Y*
18.20%
5Y*
12.71%
10Y*
9.98%

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)

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

2026 (YTD)202520242023202220212020201920182017
EEI.L
WisdomTree Europe Equity Income UCITS ETF		12.70%34.65%-1.53%12.32%6.32%11.17%-13.91%14.44%-6.59%13.85%
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 EEI.L and MVEU.L is 0.64, 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

0.64

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

0.67

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

0.66

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

0.71

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2014

0.73

The correlation between EEI.L and MVEU.L has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

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

Sectors
EEI.L
MVEU.L

Financial Services

24.9%
17.6%

Utilities

16.6%
10.1%

Industrials

15.3%
15.6%

Energy

11.6%
6.9%

Communication Services

8.6%
9.0%

Basic Materials

8.3%
5.1%

Real Estate

4.8%
1.5%

Consumer Cyclical

3.3%
3.6%

Healthcare

2.8%
12.3%

Consumer Defensive

2.3%
14.1%

Technology

1.5%
3.4%

Financial Services

EEI.L
24.9%
MVEU.L
17.6%

Utilities

EEI.L
16.6%
MVEU.L
10.1%

Industrials

EEI.L
15.3%
MVEU.L
15.6%

Energy

EEI.L
11.6%
MVEU.L
6.9%

Communication Services

EEI.L
8.6%
MVEU.L
9.0%

Basic Materials

EEI.L
8.3%
MVEU.L
5.1%

Real Estate

EEI.L
4.8%
MVEU.L
1.5%

Consumer Cyclical

EEI.L
3.3%
MVEU.L
3.6%

Healthcare

EEI.L
2.8%
MVEU.L
12.3%

Consumer Defensive

EEI.L
2.3%
MVEU.L
14.1%

Technology

EEI.L
1.5%
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.

WisdomTree Europe Equity Income UCITS ETF

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

Often compared with EEI.L:
EEI.L vs. EEIP.LEEI.L vs. FEUI.LEEI.L vs. FEUQ.DEEEI.L vs. FEQD.LEEI.L vs. IUKD.LEEI.L vs. SDUE.LEEI.L vs. BTCW
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

EEI.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEI.L
EEI.L Risk / Return Rank: 8585
Overall Rank
EEI.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
EEI.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
EEI.L Omega Ratio Rank: 8888
Omega Ratio Rank
EEI.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
EEI.L Martin Ratio Rank: 8383
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.

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

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (EEI.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.

EEI.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.56
1.33

+1.23

Sortino ratioReturn per unit of downside risk
3.37
1.84

+1.53

Omega ratioGain probability vs. loss probability

1.47

1.24

+0.23

Calmar ratioReturn relative to maximum drawdown

3.55

1.42

+2.13

Martin ratioReturn relative to average drawdown

14.67

4.19

+10.48

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

The current EEI.L Sharpe Ratio is 2.56, which is higher than the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of EEI.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.

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Drawdowns

EEI.L vs. MVEU.L - Drawdown Comparison

The maximum EEI.L drawdown since its inception was -34.11%, 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 EEI.L and MVEU.L.

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Drawdown Indicators

EEI.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.11%

-23.74%

-10.37%

Max Drawdown (1Y)

Largest decline over 1 year

-8.29%

-8.32%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-11.04%

-8.32%

-2.72%

Max Drawdown (5Y)

Largest decline over 5 years

-14.62%

-17.42%

+2.80%

Max Drawdown (10Y)

Largest decline over 10 years

-34.11%

-23.74%

-10.37%

Current Drawdown

Current decline from peak

-1.22%

-3.10%

+1.88%

Average Drawdown

Average peak-to-trough decline

-7.98%

-3.52%

-4.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.82%

-0.81%

Volatility

EEI.L vs. MVEU.L - Volatility Comparison

WisdomTree Europe Equity Income UCITS ETF (EEI.L) has a higher volatility of 2.70% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that EEI.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.

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Volatility by Period

EEI.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.70%

1.93%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

8.76%

7.32%

+1.44%

Volatility (1Y)

Calculated over the trailing 1-year period

11.52%

8.92%

+2.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.26%

11.28%

+1.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.14%

12.62%

+2.52%

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

EEI.L has a 0.29% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

EEI.L vs. MVEU.L - Dividend Comparison

EEI.L's dividend yield for the trailing twelve months is around 5.21%, while MVEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EEI.L
WisdomTree Europe Equity Income UCITS ETF		5.21%5.26%6.91%5.58%5.08%4.86%3.91%4.79%4.73%3.96%3.47%4.48%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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%

Frequently Asked Questions

EEI.L and MVEU.L have a correlation of 0.64, 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 0.29% for EEI.L.

EEI.L tracks MSCI Europe High Div Yld NR EUR, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.29% for EEI.L and 0.25% for MVEU.L.

Portfolio Optimizer

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