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FTAD.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTAD.L vs. IEVL.L

Last updated Jun 5, 2026

FTAD.L (SPDR FTSE UK All Share UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - FTAD.L tracks the FTSE AllSh TR GBP while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 5 years, FTAD.L returned 10.20%/yr vs 14.64%/yr for IEVL.L. Their correlation of 0.84 suggests significant overlap in exposure. FTAD.L charges 0.20%/yr vs 0.25%/yr for IEVL.L.

Performance

FTAD.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR FTSE UK All Share UCITS ETF (FTAD.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FTAD.L is traded in GBP, while IEVL.L is traded in EUR. To make them comparable, the IEVL.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTAD.L achieves a 5.88% return, which is significantly lower than IEVL.L's 13.11% return.

FTAD.L

1D
0.14%
1M
1.96%
YTD
5.88%
6M
8.26%
1Y
20.23%
3Y*
14.06%
5Y*
10.20%
10Y*
—

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTAD.L vs. IEVL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FTAD.L
SPDR FTSE UK All Share UCITS ETF		5.88%23.18%8.98%8.00%0.33%17.32%-10.00%21.46%-7.86%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.21%

Correlation

The correlation between FTAD.L and IEVL.L is 0.77, 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

0.77

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

0.79

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

0.81

Correlation (All Time)
Calculated using the full available price history since May 1, 2018

0.84

The correlation between FTAD.L and IEVL.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

FTAD.L vs. IEVL.L - Sectors Allocation Comparison

Sectors
FTAD.L
IEVL.L

Financial Services

24.2%
22.6%

Industrials

14.5%
17.0%

Healthcare

12.8%
12.3%

Consumer Defensive

12.1%
8.6%

Energy

10.9%
5.1%

Basic Materials

8.4%
6.2%

Consumer Cyclical

5.6%
6.2%

Utilities

5.1%
4.5%

Communication Services

3.0%
3.7%

Real Estate

1.7%
0.6%

Technology

1.7%
12.2%

Financial Services

FTAD.L
24.2%
IEVL.L
22.6%

Industrials

FTAD.L
14.5%
IEVL.L
17.0%

Healthcare

FTAD.L
12.8%
IEVL.L
12.3%

Consumer Defensive

FTAD.L
12.1%
IEVL.L
8.6%

Energy

FTAD.L
10.9%
IEVL.L
5.1%

Basic Materials

FTAD.L
8.4%
IEVL.L
6.2%

Consumer Cyclical

FTAD.L
5.6%
IEVL.L
6.2%

Utilities

FTAD.L
5.1%
IEVL.L
4.5%

Communication Services

FTAD.L
3.0%
IEVL.L
3.7%

Real Estate

FTAD.L
1.7%
IEVL.L
0.6%

Technology

FTAD.L
1.7%
IEVL.L
12.2%

Compare stocks, funds, or ETFs

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SPDR FTSE UK All Share UCITS ETF

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

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Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

FTAD.L vs. IEVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTAD.L
FTAD.L Risk / Return Rank: 5252
Overall Rank
FTAD.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
FTAD.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
FTAD.L Omega Ratio Rank: 5757
Omega Ratio Rank
FTAD.L Calmar Ratio Rank: 4646
Calmar Ratio Rank
FTAD.L Martin Ratio Rank: 4747
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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.

FTAD.L vs. IEVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (FTAD.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

FTAD.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.68

-0.81

Sortino ratioReturn per unit of downside risk
2.61
3.61

-1.00

Omega ratioGain probability vs. loss probability

1.35

1.48

-0.14

Calmar ratioReturn relative to maximum drawdown

2.26

3.42

-1.16

Martin ratioReturn relative to average drawdown

7.67

12.70

-5.03

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

FTAD.L vs. IEVL.L - Sharpe Ratio Comparison

The current FTAD.L Sharpe Ratio is 1.87, which is lower than the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FTAD.L and IEVL.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

FTAD.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.68

-0.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.96

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.58

-0.08

Drawdowns

FTAD.L vs. IEVL.L - Drawdown Comparison

The maximum FTAD.L drawdown since its inception was -35.48%, roughly equal to the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for FTAD.L and IEVL.L.

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Drawdown Indicators

FTAD.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.48%

-34.82%

-0.66%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-10.59%

+1.68%

Max Drawdown (3Y)

Largest decline over 3 years

-13.17%

-16.33%

+3.16%

Max Drawdown (5Y)

Largest decline over 5 years

-13.17%

-16.48%

+3.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.82%

—

Current Drawdown

Current decline from peak

-3.78%

-0.82%

-2.96%

Average Drawdown

Average peak-to-trough decline

-4.74%

-6.05%

+1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.86%

-0.23%

Volatility

FTAD.L vs. IEVL.L - Volatility Comparison

The current volatility for SPDR FTSE UK All Share UCITS ETF (FTAD.L) is 3.86%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that FTAD.L experiences smaller price fluctuations and is considered to be less risky than IEVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTAD.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.86%

4.85%

-0.99%

Volatility (6M)

Calculated over the trailing 6-month period

9.35%

11.06%

-1.71%

Volatility (1Y)

Calculated over the trailing 1-year period

10.80%

13.52%

-2.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

15.24%

-2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

17.13%

-1.57%

FTAD.L vs. IEVL.L - Expense Ratio Comparison

FTAD.L has a 0.20% expense ratio, which is lower than IEVL.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FTAD.L vs. IEVL.L - Dividend Comparison

FTAD.L's dividend yield for the trailing twelve months is around 2.69%, while IEVL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
FTAD.L
SPDR FTSE UK All Share UCITS ETF		2.69%2.95%3.74%3.34%3.41%3.26%3.03%5.41%3.65%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FTAD.L and IEVL.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FTAD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FTAD.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IEVL.L.

FTAD.L tracks FTSE AllSh TR GBP, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for FTAD.L and 0.25% for IEVL.L.

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