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H50E.L vs. IMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

H50E.L vs. IMV.L

Last updated Jun 5, 2026

H50E.L (HSBC EURO STOXX 50 UCITS ETF) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - H50E.L tracks the MSCI EMU NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, H50E.L returned 11.61%/yr vs 7.68%/yr for IMV.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

H50E.L vs. IMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC EURO STOXX 50 UCITS ETF (H50E.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.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, H50E.L achieves a 6.58% return, which is significantly higher than IMV.L's 4.72% return. Over the past 10 years, H50E.L has outperformed IMV.L with an annualized return of 11.61%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

H50E.L

1D
0.97%
1M
5.00%
YTD
6.58%
6M
7.69%
1Y
18.97%
3Y*
15.76%
5Y*
11.75%
10Y*
11.61%

IMV.L

1D
0.51%
1M
1.21%
YTD
4.72%
6M
5.90%
1Y
8.30%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

H50E.L vs. IMV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
H50E.L
HSBC EURO STOXX 50 UCITS ETF		6.58%28.02%6.20%20.06%-3.33%15.58%3.30%21.72%-10.53%14.39%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between H50E.L and IMV.L is 0.59, 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

0.59

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

0.67

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

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2013

0.79

Over the past year, the correlation between H50E.L and IMV.L has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

H50E.L vs. IMV.L - Sectors Allocation Comparison

Sectors
H50E.L
IMV.L

Financial Services

24.8%
17.9%

Industrials

21.5%
15.4%

Technology

17.9%
2.8%

Consumer Cyclical

9.7%
3.6%

Consumer Defensive

5.4%
13.1%

Healthcare

5.2%
13.0%

Energy

5.0%
7.1%

Utilities

4.6%
10.2%

Basic Materials

3.5%
5.6%

Communication Services

2.4%
9.6%

Real Estate

-

1.6%

Financial Services

H50E.L
24.8%
IMV.L
17.9%

Industrials

H50E.L
21.5%
IMV.L
15.4%

Technology

H50E.L
17.9%
IMV.L
2.8%

Consumer Cyclical

H50E.L
9.7%
IMV.L
3.6%

Consumer Defensive

H50E.L
5.4%
IMV.L
13.1%

Healthcare

H50E.L
5.2%
IMV.L
13.0%

Energy

H50E.L
5.0%
IMV.L
7.1%

Utilities

H50E.L
4.6%
IMV.L
10.2%

Basic Materials

H50E.L
3.5%
IMV.L
5.6%

Communication Services

H50E.L
2.4%
IMV.L
9.6%

Real Estate

H50E.L

-

IMV.L
1.6%

Compare stocks, funds, or ETFs

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HSBC EURO STOXX 50 UCITS ETF

iShares Edge MSCI Europe Min Volatility UCITS

Often compared with H50E.L:
H50E.L vs. HMEU.LH50E.L vs. SPX5.LH50E.L vs. JREE.DEH50E.L vs. EUHD.LH50E.L vs. EUE.LH50E.L vs. SPYH50E.L vs. EQQQ.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

H50E.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
H50E.L
H50E.L Risk / Return Rank: 3636
Overall Rank
H50E.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
H50E.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
H50E.L Omega Ratio Rank: 3636
Omega Ratio Rank
H50E.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
H50E.L Martin Ratio Rank: 3636
Martin Ratio Rank
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
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.

H50E.L vs. IMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF (H50E.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.

H50E.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
0.91

+0.34

Sortino ratioReturn per unit of downside risk
1.87
1.27

+0.59

Omega ratioGain probability vs. loss probability

1.23

1.17

+0.06

Calmar ratioReturn relative to maximum drawdown

1.64

0.97

+0.67

Martin ratioReturn relative to average drawdown

5.52

2.92

+2.60

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

H50E.L vs. IMV.L - Sharpe Ratio Comparison

The current H50E.L Sharpe Ratio is 1.25, which is higher than the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of H50E.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.

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Sharpe Ratios by Period

H50E.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

0.91

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.69

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.62

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.71

-0.32

Drawdowns

H50E.L vs. IMV.L - Drawdown Comparison

The maximum H50E.L drawdown since its inception was -34.68%, 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 H50E.L and IMV.L.

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Drawdown Indicators

H50E.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.68%

-24.48%

-10.20%

Max Drawdown (1Y)

Largest decline over 1 year

-11.49%

-8.50%

-2.99%

Max Drawdown (3Y)

Largest decline over 3 years

-14.20%

-8.50%

-5.70%

Max Drawdown (5Y)

Largest decline over 5 years

-21.72%

-17.42%

-4.30%

Max Drawdown (10Y)

Largest decline over 10 years

-31.50%

-24.48%

-7.02%

Current Drawdown

Current decline from peak

-0.42%

-4.62%

+4.20%

Average Drawdown

Average peak-to-trough decline

-7.22%

-3.57%

-3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.83%

+0.60%

Volatility

H50E.L vs. IMV.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF (H50E.L) has a higher volatility of 4.79% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that H50E.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

H50E.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

2.89%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

7.71%

+4.61%

Volatility (1Y)

Calculated over the trailing 1-year period

15.11%

9.13%

+5.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.19%

10.97%

+6.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.99%

12.31%

+5.68%

H50E.L vs. IMV.L - Expense Ratio Comparison

Both H50E.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%.

Dividends

H50E.L vs. IMV.L - Dividend Comparison

H50E.L's dividend yield for the trailing twelve months is around 2.45%, while IMV.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
H50E.L
HSBC EURO STOXX 50 UCITS ETF		2.45%2.46%2.98%2.92%2.77%2.01%2.05%3.04%3.50%2.76%2.79%2.63%
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%0.00%0.00%0.00%0.00%

Frequently Asked Questions

H50E.L and IMV.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

H50E.L and IMV.L have the same expense ratio: 0.25% per year.

H50E.L tracks MSCI EMU NR EUR, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: HSBC and iShares.

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