PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FEUI.L vs. IMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEUI.L vs. IMV.L

Last updated Jun 4, 2026

FEUI.L (Fidelity Europe Quality Income UCITS ETF) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - FEUI.L tracks the MSCI Europe High Div Yld NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FEUI.L returned 7.71%/yr vs 7.43%/yr for IMV.L. Their correlation of 0.84 suggests significant overlap in exposure. FEUI.L charges 0.30%/yr vs 0.25%/yr for IMV.L.

Performance

FEUI.L vs. IMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Europe Quality Income UCITS ETF (FEUI.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

FEUI.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, FEUI.L achieves a 6.44% return, which is significantly higher than IMV.L's 4.20% return.

FEUI.L

1D
-0.46%
1M
1.67%
YTD
6.44%
6M
8.73%
1Y
18.97%
3Y*
13.09%
5Y*
7.71%
10Y*
—

IMV.L

1D
-0.02%
1M
-0.32%
YTD
4.20%
6M
5.34%
1Y
8.27%
3Y*
10.29%
5Y*
7.43%
10Y*
7.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUI.L vs. IMV.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FEUI.L
Fidelity Europe Quality Income UCITS ETF		6.44%23.71%1.32%15.55%-11.16%17.18%2.92%-7.42%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.20%17.66%6.63%8.56%-7.83%13.68%1.50%0.51%

Correlation

The correlation between FEUI.L and IMV.L is 0.63, 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

0.63

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

0.73

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

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2019

0.84

Over the past year, the correlation between FEUI.L and IMV.L has dropped to 0.63 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

FEUI.L vs. IMV.L - Sectors Allocation Comparison

Sectors
FEUI.L
IMV.L

Financial Services

24.4%
17.9%

Industrials

19.8%
15.4%

Healthcare

12.7%
13.0%

Technology

8.9%
2.8%

Consumer Cyclical

7.7%
3.6%

Consumer Defensive

6.7%
13.1%

Energy

5.6%
7.1%

Basic Materials

4.9%
5.6%

Utilities

4.8%
10.2%

Communication Services

3.6%
9.6%

Real Estate

1.0%
1.6%

Financial Services

FEUI.L
24.4%
IMV.L
17.9%

Industrials

FEUI.L
19.8%
IMV.L
15.4%

Healthcare

FEUI.L
12.7%
IMV.L
13.0%

Technology

FEUI.L
8.9%
IMV.L
2.8%

Consumer Cyclical

FEUI.L
7.7%
IMV.L
3.6%

Consumer Defensive

FEUI.L
6.7%
IMV.L
13.1%

Energy

FEUI.L
5.6%
IMV.L
7.1%

Basic Materials

FEUI.L
4.9%
IMV.L
5.6%

Utilities

FEUI.L
4.8%
IMV.L
10.2%

Communication Services

FEUI.L
3.6%
IMV.L
9.6%

Real Estate

FEUI.L
1.0%
IMV.L
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Europe Quality Income UCITS ETF

iShares Edge MSCI Europe Min Volatility UCITS

Often compared with FEUI.L:
FEUI.L vs. EEI.LFEUI.L vs. ISF.LFEUI.L vs. GRIDFEUI.L vs. SDUE.LFEUI.L vs. 18M2.DEFEUI.L vs. VYMIFEUI.L vs. VUAA.L
Often compared with IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

FEUI.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEUI.L
FEUI.L Risk / Return Rank: 4242
Overall Rank
FEUI.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
FEUI.L Sortino Ratio Rank: 4141
Sortino Ratio Rank
FEUI.L Omega Ratio Rank: 4343
Omega Ratio Rank
FEUI.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
FEUI.L Martin Ratio Rank: 4141
Martin Ratio Rank
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2525
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
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.

FEUI.L vs. IMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Europe Quality Income UCITS ETF (FEUI.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.

FEUI.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
1.53
0.90

+0.63

Sortino ratioReturn per unit of downside risk
2.13
1.27

+0.86

Omega ratioGain probability vs. loss probability

1.28

1.17

+0.11

Calmar ratioReturn relative to maximum drawdown

1.97

0.97

+1.01

Martin ratioReturn relative to average drawdown

6.50

2.93

+3.57

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

FEUI.L vs. IMV.L - Sharpe Ratio Comparison

The current FEUI.L Sharpe Ratio is 1.53, which is higher than the IMV.L Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FEUI.L and IMV.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.

Loading charts...

Sharpe Ratios by Period

FEUI.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

0.90

+0.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.68

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.63

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.71

-0.31

Drawdowns

FEUI.L vs. IMV.L - Drawdown Comparison

The maximum FEUI.L drawdown since its inception was -30.32%, 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 FEUI.L and IMV.L.

Loading charts...

Drawdown Indicators

FEUI.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.32%

-24.48%

-5.84%

Max Drawdown (1Y)

Largest decline over 1 year

-9.57%

-8.50%

-1.07%

Max Drawdown (3Y)

Largest decline over 3 years

-12.71%

-8.50%

-4.21%

Max Drawdown (5Y)

Largest decline over 5 years

-23.06%

-17.42%

-5.64%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.48%

—

Current Drawdown

Current decline from peak

-2.44%

-5.10%

+2.66%

Average Drawdown

Average peak-to-trough decline

-6.39%

-3.57%

-2.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.82%

+0.09%

Volatility

FEUI.L vs. IMV.L - Volatility Comparison

Fidelity Europe Quality Income UCITS ETF (FEUI.L) has a higher volatility of 4.76% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 3.04%. This indicates that FEUI.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.

Loading charts...

Volatility by Period

FEUI.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.76%

3.04%

+1.72%

Volatility (6M)

Calculated over the trailing 6-month period

10.19%

7.69%

+2.50%

Volatility (1Y)

Calculated over the trailing 1-year period

12.35%

9.14%

+3.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.14%

10.97%

+3.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

12.31%

+3.94%

FEUI.L vs. IMV.L - Expense Ratio Comparison

FEUI.L has a 0.30% expense ratio, which is higher than IMV.L's 0.25% expense ratio.

Dividends

FEUI.L vs. IMV.L - Dividend Comparison

FEUI.L's dividend yield for the trailing twelve months is around 3.54%, while IMV.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
FEUI.L
Fidelity Europe Quality Income UCITS ETF		3.54%3.02%3.63%3.66%3.71%2.93%2.53%0.23%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FEUI.L and IMV.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IMV.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FEUI.L.

FEUI.L tracks MSCI Europe High Div Yld NR EUR, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUI.L and 0.25% for IMV.L.

Portfolio Optimizer

Find the right allocation for FEUI.L and IMV.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer