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IDJG.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDJG.L vs. MVEU.L

Last updated Jun 26, 2026

IDJG.L (iShares EURO Total Market Growth Large UCITS) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - IDJG.L tracks the MSCI EMU NR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IDJG.L returned 11.50%/yr vs 8.04%/yr for MVEU.L. A 0.76 correlation means they provide meaningful diversification when combined. IDJG.L charges 0.40%/yr vs 0.25%/yr for MVEU.L.

Performance

IDJG.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares EURO Total Market Growth Large UCITS (IDJG.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IDJG.L achieves a 11.64% return, which is significantly higher than MVEU.L's 6.38% return. Over the past 10 years, IDJG.L has outperformed MVEU.L with an annualized return of 11.50%, while MVEU.L has yielded a comparatively lower 8.04% annualized return.

IDJG.L

1D
0.78%
1M
3.15%
YTD
11.64%
6M
12.29%
1Y
20.98%
3Y*
12.42%
5Y*
8.46%
10Y*
11.50%

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDJG.L vs. MVEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDJG.L
iShares EURO Total Market Growth Large UCITS		11.64%16.31%5.06%18.23%-12.30%18.39%12.16%27.93%-10.56%17.01%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.38%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between IDJG.L and MVEU.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

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

0.54

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

0.65

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

0.74

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.76

Over the past year, the correlation between IDJG.L and MVEU.L has dropped to 0.45 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

IDJG.L vs. MVEU.L - Sectors Allocation Comparison

Sectors
IDJG.L
MVEU.L

Technology

33.9%
3.4%

Industrials

33.5%
15.6%

Consumer Cyclical

11.9%
3.6%

Financial Services

4.6%
17.6%

Utilities

4.5%
10.1%

Healthcare

4.2%
12.3%

Basic Materials

4.0%
5.1%

Consumer Defensive

2.9%
14.1%

Communication Services

0.6%
9.0%

Energy

-

6.9%

Real Estate

-

1.5%

Technology

IDJG.L
33.9%
MVEU.L
3.4%

Industrials

IDJG.L
33.5%
MVEU.L
15.6%

Consumer Cyclical

IDJG.L
11.9%
MVEU.L
3.6%

Financial Services

IDJG.L
4.6%
MVEU.L
17.6%

Utilities

IDJG.L
4.5%
MVEU.L
10.1%

Healthcare

IDJG.L
4.2%
MVEU.L
12.3%

Basic Materials

IDJG.L
4.0%
MVEU.L
5.1%

Consumer Defensive

IDJG.L
2.9%
MVEU.L
14.1%

Communication Services

IDJG.L
0.6%
MVEU.L
9.0%

Energy

IDJG.L

-

MVEU.L
6.9%

Real Estate

IDJG.L

-

MVEU.L
1.5%

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iShares EURO Total Market Growth Large UCITS

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

Often compared with IDJG.L:
IDJG.L vs. VWRL.ASIDJG.L vs. VEUR.LIDJG.L vs. VOOIDJG.L vs. IWVG.LIDJG.L vs. URTHIDJG.L vs. VWRL.LIDJG.L vs. SMEA.L
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. PRUK.L

Return for Risk

IDJG.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDJG.L
IDJG.L Risk / Return Rank: 3535
Overall Rank
IDJG.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IDJG.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
IDJG.L Omega Ratio Rank: 3535
Omega Ratio Rank
IDJG.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
IDJG.L Martin Ratio Rank: 3737
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
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.

IDJG.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EURO Total Market Growth Large UCITS (IDJG.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

IDJG.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.16
1.33

-0.17

Sortino ratioReturn per unit of downside risk
1.78
1.84

-0.07

Omega ratioGain probability vs. loss probability

1.22

1.24

-0.02

Calmar ratioReturn relative to maximum drawdown

1.57

1.42

+0.16

Martin ratioReturn relative to average drawdown

5.36

4.19

+1.17

IDJG.L vs. MVEU.L - Sharpe Ratio Comparison

The current IDJG.L Sharpe Ratio is 1.16, which is comparable to the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of IDJG.L and MVEU.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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Drawdowns

IDJG.L vs. MVEU.L - Drawdown Comparison

The maximum IDJG.L drawdown since its inception was -60.68%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for IDJG.L and MVEU.L.

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Drawdown Indicators

IDJG.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-60.68%

-23.74%

-36.94%

Max Drawdown (1Y)

Largest decline over 1 year

-13.27%

-8.32%

-4.95%

Max Drawdown (3Y)

Largest decline over 3 years

-17.37%

-8.32%

-9.05%

Max Drawdown (5Y)

Largest decline over 5 years

-27.15%

-17.42%

-9.73%

Max Drawdown (10Y)

Largest decline over 10 years

-27.21%

-23.74%

-3.47%

Current Drawdown

Current decline from peak

-3.06%

-3.10%

+0.04%

Average Drawdown

Average peak-to-trough decline

-18.07%

-3.52%

-14.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.90%

2.82%

+1.08%

Volatility

IDJG.L vs. MVEU.L - Volatility Comparison

iShares EURO Total Market Growth Large UCITS (IDJG.L) has a higher volatility of 5.53% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that IDJG.L's price experiences larger fluctuations and is considered to be riskier than MVEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDJG.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.53%

1.93%

+3.60%

Volatility (6M)

Calculated over the trailing 6-month period

15.41%

7.32%

+8.09%

Volatility (1Y)

Calculated over the trailing 1-year period

17.96%

8.92%

+9.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.19%

11.28%

+7.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.30%

12.62%

+5.68%

IDJG.L vs. MVEU.L - Expense Ratio Comparison

IDJG.L has a 0.40% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

IDJG.L vs. MVEU.L - Dividend Comparison

IDJG.L's dividend yield for the trailing twelve months is around 0.90%, while MVEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IDJG.L
iShares EURO Total Market Growth Large UCITS		0.90%1.02%0.99%0.93%0.97%0.56%1.00%1.45%1.53%1.55%1.68%1.69%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		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

IDJG.L and MVEU.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.40% for IDJG.L.

IDJG.L tracks MSCI EMU NR EUR, while MVEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.40% for IDJG.L and 0.25% for MVEU.L.

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