IDNA.L vs. MVEA.L

Last updated Jul 22, 2026

IDNA.L (iShares MSCI North America UCITS ETF USD (Dist)) and MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds from iShares - IDNA.L tracks the MSCI North America Index (USD) while MVEA.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, IDNA.L returned 11.96%/yr vs 5.17%/yr for MVEA.L. A 0.70 correlation means they provide meaningful diversification when combined. IDNA.L charges 0.40%/yr vs 0.20%/yr for MVEA.L.

Performance

IDNA.L vs. MVEA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI North America UCITS ETF USD (Dist) (IDNA.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IDNA.L is traded in USD, while MVEA.L is traded in GBP. To make them comparable, the MVEA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDNA.L achieves a 9.13% return, which is significantly higher than MVEA.L's 1.84% return.

IDNA.L

• 1D: 0.19%
• 1M: 0.34%
• 6M: 9.46%
• YTD: 9.13%
• 1Y: 19.18%
• 3Y*: 19.16%
• 5Y*: 11.96%
• 10Y*: 14.22%
• ALL TIME*: 9.84%

MVEA.L

• 1D: -0.34%
• 1M: 2.30%
• 6M: 2.64%
• YTD: 1.84%
• 1Y: 3.06%
• 3Y*: 7.60%
• 5Y*: 5.17%
• 10Y*: —
• ALL TIME*: 8.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDNA.L vs. MVEA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IDNA.L iShares MSCI North America UCITS ETF USD (Dist)	9.13%	17.55%	24.50%	26.38%	-19.84%	27.07%	18.59%
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF	1.84%	4.57%	13.13%	11.94%	-11.91%	24.67%	9.51%

Correlation

The correlation between IDNA.L and MVEA.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020	0.70

Over the past year, the correlation between IDNA.L and MVEA.L has dropped to 0.39 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

IDNA.L vs. MVEA.L - Sectors Allocation Comparison

Sectors	IDNA.L	MVEA.L
Technology	36.2%	34.8%
Financial Services	13.3%	12.8%
Communication Services	9.8%	5.6%
Consumer Cyclical	9.3%	4.8%
Industrials	8.6%	4.3%
Healthcare	8.6%	14.4%
Consumer Defensive	4.4%	9.3%
Energy	3.9%	3.7%
Basic Materials	2.2%	2.8%
Utilities	2.1%	4.6%
Real Estate	1.7%	3.1%

Return for Risk

IDNA.L vs. MVEA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDNA.L

IDNA.L Risk / Return Rank: 64
IDNA.L Sharpe Ratio Rank: 63
IDNA.L Sortino Ratio Rank: 68
IDNA.L Omega Ratio Rank: 61
IDNA.L Calmar Ratio Rank: 61
IDNA.L Martin Ratio Rank: 69

MVEA.L

MVEA.L Risk / Return Rank: 19
MVEA.L Sharpe Ratio Rank: 19
MVEA.L Sortino Ratio Rank: 17
MVEA.L Omega Ratio Rank: 17
MVEA.L Calmar Ratio Rank: 22
MVEA.L Martin Ratio Rank: 22

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.

IDNA.L vs. MVEA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF USD (Dist) (IDNA.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.

	IDNA.L	MVEA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.58	0.37	+1.21
Sortino ratio: Return per unit of downside risk	2.37	0.56	+1.81
Omega ratio: Gain probability vs. loss probability	1.29	1.07	+0.22
Calmar ratio: Return relative to maximum drawdown	2.29	0.46	+1.82
Martin ratio: Return relative to average drawdown	9.24	1.48	+7.75

IDNA.L vs. MVEA.L - Sharpe Ratio Comparison

The current IDNA.L Sharpe Ratio is 1.58, which is higher than the MVEA.L Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of IDNA.L and MVEA.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.

Drawdowns

IDNA.L vs. MVEA.L - Drawdown Comparison

The maximum IDNA.L drawdown since its inception was -56.08%, which is greater than MVEA.L's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for IDNA.L and MVEA.L.

Drawdown Indicators

	IDNA.L	MVEA.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.08%	-20.96%	-35.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-6.57%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-12.99%	-5.55%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	-20.96%	-4.14%
Max Drawdown (10Y) Largest decline over 10 years	-34.62%	—	—
Current Drawdown Current decline from peak	-1.32%	-1.62%	+0.30%
Average Drawdown Average peak-to-trough decline	-8.94%	-4.85%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.06%	+0.01%

Volatility

IDNA.L vs. MVEA.L - Volatility Comparison

iShares MSCI North America UCITS ETF USD (Dist) (IDNA.L) has a higher volatility of 3.08% compared to iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) at 1.93%. This indicates that IDNA.L's price experiences larger fluctuations and is considered to be riskier than MVEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDNA.L	MVEA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	1.93%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	5.93%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	8.23%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	12.43%	+3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	12.55%	+3.66%

IDNA.L vs. MVEA.L - Expense Ratio Comparison

IDNA.L has a 0.40% expense ratio, which is higher than MVEA.L's 0.20% expense ratio.

Dividends

IDNA.L vs. MVEA.L - Dividend Comparison

IDNA.L's dividend yield for the trailing twelve months is around 0.60%, while MVEA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDNA.L iShares MSCI North America UCITS ETF USD (Dist)	0.60%	0.66%	0.77%	0.96%	1.13%	0.76%	1.03%	1.23%	1.45%	1.27%	1.42%	1.56%
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF	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

Can I hold both IDNA.L and MVEA.L in my portfolio?

IDNA.L and MVEA.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDNA.L or MVEA.L?

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

Which ETF is cheaper, IDNA.L or MVEA.L?

MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.40% for IDNA.L.

What is the main difference between IDNA.L and MVEA.L?

IDNA.L tracks MSCI North America Index (USD), while MVEA.L tracks Russell 1000 TR USD. Their fees differ too: 0.40% for IDNA.L and 0.20% for MVEA.L.