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EQDS.L vs. IEFM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQDS.L vs. IEFM.L

Last updated Jun 9, 2026

EQDS.L (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) and IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - EQDS.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR, while IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, EQDS.L returned 10.24%/yr vs 11.30%/yr for IEFM.L. A 0.76 correlation means they provide meaningful diversification when combined. EQDS.L charges 0.28%/yr vs 0.25%/yr for IEFM.L.

Performance

EQDS.L vs. IEFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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, EQDS.L achieves a 4.39% return, which is significantly lower than IEFM.L's 6.32% return.

EQDS.L

1D
0.09%
1M
1.69%
YTD
4.39%
6M
6.37%
1Y
10.63%
3Y*
11.63%
5Y*
10.24%
10Y*
—

IEFM.L

1D
0.21%
1M
2.16%
YTD
6.32%
6M
9.51%
1Y
19.03%
3Y*
20.47%
5Y*
11.30%
10Y*
12.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQDS.L vs. IEFM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EQDS.L
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)		4.39%16.53%6.00%12.95%7.23%11.21%-5.09%18.71%-4.79%-11.35%
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		6.32%33.05%15.03%10.37%-9.80%14.07%17.04%23.39%-9.34%2.60%

Correlation

The correlation between EQDS.L and IEFM.L is 0.61, 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

0.61

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

0.77

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

0.75

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.76

The correlation between EQDS.L and IEFM.L shifts across timeframes, from 0.61 (1 year) to 0.77 (3 years), reflecting how their relationship changes across market environments.

EQDS.L vs. IEFM.L - Sectors Allocation Comparison

Sectors
EQDS.L
IEFM.L

Financial Services

28.6%
23.8%

Industrials

17.4%
15.0%

Consumer Defensive

12.0%
2.9%

Utilities

10.7%
11.9%

Healthcare

8.1%
15.7%

Consumer Cyclical

5.5%
0.5%

Energy

4.8%
10.3%

Communication Services

4.3%
2.8%

Technology

3.7%
9.2%

Real Estate

3.3%
0.4%

Basic Materials

1.7%
7.6%

Financial Services

EQDS.L
28.6%
IEFM.L
23.8%

Industrials

EQDS.L
17.4%
IEFM.L
15.0%

Consumer Defensive

EQDS.L
12.0%
IEFM.L
2.9%

Utilities

EQDS.L
10.7%
IEFM.L
11.9%

Healthcare

EQDS.L
8.1%
IEFM.L
15.7%

Consumer Cyclical

EQDS.L
5.5%
IEFM.L
0.5%

Energy

EQDS.L
4.8%
IEFM.L
10.3%

Communication Services

EQDS.L
4.3%
IEFM.L
2.8%

Technology

EQDS.L
3.7%
IEFM.L
9.2%

Real Estate

EQDS.L
3.3%
IEFM.L
0.4%

Basic Materials

EQDS.L
1.7%
IEFM.L
7.6%

Compare stocks, funds, or ETFs

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iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)

iShares Edge MSCI Europe Momentum Factor UCITS ETF

Often compared with EQDS.L:
EQDS.L vs. VHYL.ASEQDS.L vs. FLXD.LEQDS.L vs. IQQA.DEEQDS.L vs. LDEG.LEQDS.L vs. CB5.LEQDS.L vs. SCHDEQDS.L vs. VYM
Often compared with IEFM.L:
IEFM.L vs. MTUMIEFM.L vs. VUKE.DEIEFM.L vs. CEMR.DEIEFM.L vs. EXO.ASIEFM.L vs. SPYF.DEIEFM.L vs. QDVX.DEIEFM.L vs. ESIF.L

Return for Risk

EQDS.L vs. IEFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQDS.L
EQDS.L Risk / Return Rank: 2828
Overall Rank
EQDS.L Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
EQDS.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
EQDS.L Omega Ratio Rank: 2929
Omega Ratio Rank
EQDS.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
EQDS.L Martin Ratio Rank: 2828
Martin Ratio Rank
IEFM.L
IEFM.L Risk / Return Rank: 3737
Overall Rank
IEFM.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IEFM.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
IEFM.L Omega Ratio Rank: 3737
Omega Ratio Rank
IEFM.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
IEFM.L Martin Ratio Rank: 4040
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.

EQDS.L vs. IEFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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.

EQDS.LIEFM.LDifference
Sharpe ratioReturn per unit of total volatility
0.98
1.18

-0.20

Sortino ratioReturn per unit of downside risk
1.42
1.78

-0.37

Omega ratioGain probability vs. loss probability

1.18

1.22

-0.04

Calmar ratioReturn relative to maximum drawdown

1.10

1.57

-0.47

Martin ratioReturn relative to average drawdown

3.49

5.80

-2.32

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

EQDS.L vs. IEFM.L - Sharpe Ratio Comparison

The current EQDS.L Sharpe Ratio is 0.98, which is comparable to the IEFM.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of EQDS.L and IEFM.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

EQDS.LIEFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

1.18

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.72

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.71

-0.33

Drawdowns

EQDS.L vs. IEFM.L - Drawdown Comparison

The maximum EQDS.L drawdown since its inception was -32.52%, which is greater than IEFM.L's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for EQDS.L and IEFM.L.

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Drawdown Indicators

EQDS.LIEFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.52%

-23.88%

-8.64%

Max Drawdown (1Y)

Largest decline over 1 year

-9.60%

-12.05%

+2.45%

Max Drawdown (3Y)

Largest decline over 3 years

-10.33%

-12.95%

+2.62%

Max Drawdown (5Y)

Largest decline over 5 years

-11.74%

-21.33%

+9.59%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.88%

—

Current Drawdown

Current decline from peak

-2.74%

-2.17%

-0.57%

Average Drawdown

Average peak-to-trough decline

-6.11%

-5.04%

-1.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

3.27%

-0.23%

Volatility

EQDS.L vs. IEFM.L - Volatility Comparison

The current volatility for iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (EQDS.L) is 2.26%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a volatility of 3.42%. This indicates that EQDS.L experiences smaller price fluctuations and is considered to be less risky than IEFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQDS.LIEFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.26%

3.42%

-1.16%

Volatility (6M)

Calculated over the trailing 6-month period

8.56%

13.84%

-5.28%

Volatility (1Y)

Calculated over the trailing 1-year period

10.81%

16.06%

-5.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.33%

15.62%

-3.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.03%

15.94%

-0.91%

EQDS.L vs. IEFM.L - Expense Ratio Comparison

EQDS.L has a 0.28% expense ratio, which is higher than IEFM.L's 0.25% expense ratio.

Dividends

EQDS.L vs. IEFM.L - Dividend Comparison

EQDS.L's dividend yield for the trailing twelve months is around 3.20%, while IEFM.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
EQDS.L
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)		3.20%2.96%3.16%3.58%4.14%4.63%3.25%4.54%5.06%0.75%
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EQDS.L and IEFM.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEFM.L is cheaper with a 0.25% expense ratio, compared with 0.28% for EQDS.L.

EQDS.L is categorized as Europe Equities, while IEFM.L is Momentum. EQDS.L tracks MSCI Europe High Div Yld NR EUR, while IEFM.L tracks MSCI Europe Momentum Index. Their fees differ too: 0.28% for EQDS.L and 0.25% for IEFM.L.

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