EUMV.L vs. S100.L

Last updated Jun 5, 2026

EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and S100.L (Invesco FTSE 100 UCITS ETF) are both Europe Equities funds - EUMV.L tracks the MSCI Europe NR EUR while S100.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, EUMV.L returned 6.77%/yr vs 7.85%/yr for S100.L. A 0.75 correlation means they provide meaningful diversification when combined. EUMV.L charges 0.45%/yr vs 0.09%/yr for S100.L.

Performance

EUMV.L vs. S100.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and Invesco FTSE 100 UCITS ETF (S100.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUMV.L is traded in EUR, while S100.L is traded in GBp. To make them comparable, the S100.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUMV.L achieves a 5.51% return, which is significantly lower than S100.L's 6.82% return. Over the past 10 years, EUMV.L has underperformed S100.L with an annualized return of 6.77%, while S100.L has yielded a comparatively higher 7.85% annualized return.

EUMV.L

• 1D: 0.60%
• 1M: -1.32%
• YTD: 5.51%
• 6M: 7.31%
• 1Y: 4.11%
• 3Y*: 11.20%
• 5Y*: 6.88%
• 10Y*: 6.77%

S100.L

• 1D: 0.22%
• 1M: -0.50%
• YTD: 6.82%
• 6M: 9.89%
• 1Y: 18.12%
• 3Y*: 14.50%
• 5Y*: 11.61%
• 10Y*: 7.85%

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

EUMV.L vs. S100.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR)	5.51%	12.06%	14.58%	6.69%	-13.94%	23.14%	0.82%	18.31%	-4.96%	12.22%
S100.L Invesco FTSE 100 UCITS ETF	6.82%	19.20%	14.62%	9.61%	-0.50%	25.23%	-16.52%	24.91%	-10.45%	7.70%

Correlation

The correlation between EUMV.L and S100.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013	0.75

The correlation between EUMV.L and S100.L has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

EUMV.L vs. S100.L - Sectors Allocation Comparison

Sectors	EUMV.L	S100.L
Utilities	20.2%	5.3%
Industrials	18.7%	13.7%
Financial Services	17.1%	24.5%
Communication Services	16.5%	2.6%
Real Estate	11.6%	0.9%
Technology	9.8%	0.8%
Energy	2.2%	11.7%
Consumer Cyclical	2.1%	4.7%
Healthcare	1.3%	13.6%
Consumer Defensive	1.1%	13.9%
Basic Materials	0.4%	8.5%

Return for Risk

EUMV.L vs. S100.L — Risk / Return Rank

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

EUMV.L

EUMV.L Risk / Return Rank: 15
EUMV.L Sharpe Ratio Rank: 16
EUMV.L Sortino Ratio Rank: 15
EUMV.L Omega Ratio Rank: 15
EUMV.L Calmar Ratio Rank: 16
EUMV.L Martin Ratio Rank: 17

S100.L

S100.L Risk / Return Rank: 54
S100.L Sharpe Ratio Rank: 58
S100.L Sortino Ratio Rank: 57
S100.L Omega Ratio Rank: 59
S100.L Calmar Ratio Rank: 48
S100.L Martin Ratio Rank: 49

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.

EUMV.L vs. S100.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and Invesco FTSE 100 UCITS ETF (S100.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.

	EUMV.L	S100.L	Difference
Sharpe ratio: Return per unit of total volatility	0.42	1.52	-1.11
Sortino ratio: Return per unit of downside risk	0.64	2.16	-1.52
Omega ratio: Gain probability vs. loss probability	1.08	1.28	-0.20
Calmar ratio: Return relative to maximum drawdown	0.55	2.30	-1.75
Martin ratio: Return relative to average drawdown	1.56	8.05	-6.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUMV.L vs. S100.L - Sharpe Ratio Comparison

The current EUMV.L Sharpe Ratio is 0.42, which is lower than the S100.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of EUMV.L and S100.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.

Sharpe Ratios by Period

	EUMV.L	S100.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.52	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.83	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.47	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.52	+0.10

Drawdowns

EUMV.L vs. S100.L - Drawdown Comparison

The maximum EUMV.L drawdown since its inception was -30.58%, smaller than the maximum S100.L drawdown of -40.10%. Use the drawdown chart below to compare losses from any high point for EUMV.L and S100.L.

Drawdown Indicators

	EUMV.L	S100.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.58%	-40.10%	+9.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	-7.83%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-12.32%	-15.98%	+3.66%
Max Drawdown (5Y) Largest decline over 5 years	-20.37%	-15.98%	-4.39%
Max Drawdown (10Y) Largest decline over 10 years	-30.58%	-40.10%	+9.52%
Current Drawdown Current decline from peak	-1.83%	-2.65%	+0.82%
Average Drawdown Average peak-to-trough decline	-5.23%	-6.31%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.24%	+0.50%

Volatility

EUMV.L vs. S100.L - Volatility Comparison

The current volatility for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) is 3.26%, while Invesco FTSE 100 UCITS ETF (S100.L) has a volatility of 4.21%. This indicates that EUMV.L experiences smaller price fluctuations and is considered to be less risky than S100.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUMV.L	S100.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	4.21%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	9.90%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	11.82%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.83%	14.05%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.37%	16.82%	-4.45%

EUMV.L vs. S100.L - Expense Ratio Comparison

EUMV.L has a 0.45% expense ratio, which is higher than S100.L's 0.09% expense ratio.

Dividends

EUMV.L vs. S100.L - Dividend Comparison

Neither EUMV.L nor S100.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EUMV.L and S100.L in my portfolio?

EUMV.L and S100.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUMV.L or S100.L?

On fees, S100.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUMV.L or S100.L?

S100.L is cheaper with a 0.09% expense ratio, compared with 0.45% for EUMV.L.

What is the main difference between EUMV.L and S100.L?

EUMV.L tracks MSCI Europe NR EUR, while S100.L tracks FTSE AllSh TR GBP. They also come from different issuers: Natixis and Invesco. Their fees differ too: 0.45% for EUMV.L and 0.09% for S100.L.