ERO.L vs. IMV.L
Compare and contrast key facts about SPDR MSCI Europe UCITS ETF (ERO.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L).
ERO.L and IMV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERO.L is a passively managed fund by State Street that tracks the performance of the MSCI Europe NR EUR. It was launched on Dec 5, 2014. IMV.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Nov 30, 2012. Both ERO.L and IMV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERO.L vs. IMV.L - Performance Comparison
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ERO.L vs. IMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERO.L SPDR MSCI Europe UCITS ETF | 1.23% | 25.68% | 3.93% | 13.00% | -3.77% | 16.91% | 2.21% | 19.36% | -9.30% | 14.82% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 4.98% | 17.66% | 6.63% | 8.56% | -7.83% | 13.68% | 1.50% | 16.37% | -2.91% | 13.29% |
Different Trading Currencies
ERO.L is traded in GBP, while IMV.L is traded in GBp. To make them comparable, the IMV.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERO.L achieves a 1.23% return, which is significantly lower than IMV.L's 4.98% return. Over the past 10 years, ERO.L has outperformed IMV.L with an annualized return of 9.83%, while IMV.L has yielded a comparatively lower 7.89% annualized return.
ERO.L
- 1D
- 2.22%
- 1M
- -4.43%
- YTD
- 1.23%
- 6M
- 6.46%
- 1Y
- 17.81%
- 3Y*
- 11.66%
- 5Y*
- 10.26%
- 10Y*
- 9.83%
IMV.L
- 1D
- 0.74%
- 1M
- -3.05%
- YTD
- 4.98%
- 6M
- 7.74%
- 1Y
- 13.17%
- 3Y*
- 10.52%
- 5Y*
- 8.77%
- 10Y*
- 7.89%
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ERO.L vs. IMV.L - Expense Ratio Comparison
Both ERO.L and IMV.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
ERO.L vs. IMV.L — Risk / Return Rank
ERO.L
IMV.L
ERO.L vs. IMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (ERO.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.
| ERO.L | IMV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.18 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.56 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.60 | +0.11 |
Martin ratioReturn relative to average drawdown | 6.55 | 5.75 | +0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERO.L | IMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.18 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.80 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.64 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.72 | -0.15 |
Correlation
The correlation between ERO.L and IMV.L is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ERO.L vs. IMV.L - Dividend Comparison
Neither ERO.L nor IMV.L has paid dividends to shareholders.
Drawdowns
ERO.L vs. IMV.L - Drawdown Comparison
The maximum ERO.L drawdown since its inception was -28.41%, 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 ERO.L and IMV.L.
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Drawdown Indicators
| ERO.L | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.41% | -24.48% | -3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -8.50% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -17.42% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -28.41% | -24.48% | -3.93% |
Current DrawdownCurrent decline from peak | -6.45% | -4.39% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -3.56% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.37% | +0.43% |
Volatility
ERO.L vs. IMV.L - Volatility Comparison
SPDR MSCI Europe UCITS ETF (ERO.L) has a higher volatility of 5.83% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 4.31%. This indicates that ERO.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
| ERO.L | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 4.31% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 7.30% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 11.14% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 10.99% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 12.31% | +2.55% |