HSEU.L vs. IEVL.L
HSEU.L (HSBC Europe Screened Equity UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - HSEU.L tracks the HSBC Europe Screened Equity UCITS ETF while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 5 years, HSEU.L returned 10.23%/yr vs 15.56%/yr for IEVL.L. Their correlation of 0.89 suggests significant overlap in exposure. HSEU.L charges 0.15%/yr vs 0.25%/yr for IEVL.L.
Performance
HSEU.L vs. IEVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSEU.L achieves a 14.74% return, which is significantly lower than IEVL.L's 16.34% return.
HSEU.L
- 1D
- -0.57%
- 1M
- 0.77%
- 6M
- 11.27%
- YTD
- 14.74%
- 1Y
- 26.09%
- 3Y*
- 15.85%
- 5Y*
- 10.23%
- 10Y*
- —
IEVL.L
- 1D
- -0.07%
- 1M
- 1.17%
- 6M
- 13.20%
- YTD
- 16.34%
- 1Y
- 34.34%
- 3Y*
- 21.76%
- 5Y*
- 15.56%
- 10Y*
- 11.11%
HSEU.L vs. IEVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSEU.L HSBC Europe Screened Equity UCITS ETF | 14.74% | 18.95% | 9.59% | 15.27% | -11.04% | 18.74% | 9.08% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 16.34% | 35.04% | 10.57% | 13.52% | -3.79% | 26.68% | 9.81% |
Correlation
The correlation between HSEU.L and IEVL.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.89 |
The correlation between HSEU.L and IEVL.L has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
HSEU.L vs. IEVL.L — Risk / Return Rank
HSEU.L
IEVL.L
HSEU.L vs. IEVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Europe Screened Equity UCITS ETF (HSEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSEU.L | IEVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 3.49 | -0.96 |
| Martin ratioReturn relative to average drawdown | 9.67 | 13.14 | -3.47 |
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Drawdowns
HSEU.L vs. IEVL.L - Drawdown Comparison
The maximum HSEU.L drawdown since its inception was -21.47%, smaller than the maximum IEVL.L drawdown of -40.09%. Use the drawdown chart below to compare losses from any high point for HSEU.L and IEVL.L.
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Drawdown Indicators
| HSEU.L | IEVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -40.09% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -9.79% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.61% | -17.43% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -19.55% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.09% | — |
Current DrawdownCurrent decline from peak | -2.10% | -1.07% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -7.43% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.61% | +0.14% |
Volatility
HSEU.L vs. IEVL.L - Volatility Comparison
The current volatility for HSBC Europe Screened Equity UCITS ETF (HSEU.L) is 3.76%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.24%. This indicates that HSEU.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
| HSEU.L | IEVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 4.24% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 11.83% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 14.14% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 15.37% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 17.28% | -2.57% |
HSEU.L vs. IEVL.L - Expense Ratio Comparison
HSEU.L has a 0.15% 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
HSEU.L vs. IEVL.L - Dividend Comparison
Neither HSEU.L nor IEVL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, HSEU.L and IEVL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HSEU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSEU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IEVL.L.
HSEU.L tracks HSBC Europe Screened Equity UCITS ETF, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for HSEU.L and 0.25% for IEVL.L.
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