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

IDVY.L vs. MVEU.L

Last updated Jul 16, 2026
Documentation

IDVY.L (iShares EURO Dividend UCITS) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - IDVY.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, IDVY.L returned 8.08%/yr vs 7.01%/yr for MVEU.L. A 0.72 correlation means they provide meaningful diversification when combined. IDVY.L charges 0.40%/yr vs 0.25%/yr for MVEU.L.

Performance

IDVY.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares EURO Dividend UCITS (IDVY.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

IDVY.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, IDVY.L achieves a 9.60% return, which is significantly higher than MVEU.L's 5.58% return. Over the past 10 years, IDVY.L has outperformed MVEU.L with an annualized return of 8.08%, while MVEU.L has yielded a comparatively lower 7.01% annualized return.

IDVY.L

1D
-0.52%
1M
0.13%
6M
8.94%
YTD
9.60%
1Y
21.35%
3Y*
21.00%
5Y*
10.11%
10Y*
8.08%

MVEU.L

1D
-0.61%
1M
-0.45%
6M
4.23%
YTD
5.58%
1Y
9.00%
3Y*
11.44%
5Y*
6.76%
10Y*
7.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IDVY.L
iShares EURO Dividend UCITS		9.60%48.82%3.38%2.07%-8.05%15.68%-13.27%15.14%-9.98%13.82%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		5.58%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between IDVY.L and MVEU.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

0.65

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

0.65

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

0.69

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

0.72

The correlation between IDVY.L and MVEU.L shifts across timeframes, from 0.59 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IDVY.L
MVEU.L

Financial Services

50.3%
17.7%

Industrials

16.4%
15.6%

Utilities

8.3%
10.0%

Consumer Cyclical

7.9%
3.6%

Communication Services

5.7%
8.3%

Energy

4.6%
6.6%

Consumer Defensive

4.0%
14.5%

Healthcare

3.0%
12.8%

Basic Materials

-

5.2%

Real Estate

-

1.5%

Technology

-

3.5%

Financial Services

IDVY.L
50.3%
MVEU.L
17.7%

Industrials

IDVY.L
16.4%
MVEU.L
15.6%

Utilities

IDVY.L
8.3%
MVEU.L
10.0%

Consumer Cyclical

IDVY.L
7.9%
MVEU.L
3.6%

Communication Services

IDVY.L
5.7%
MVEU.L
8.3%

Energy

IDVY.L
4.6%
MVEU.L
6.6%

Consumer Defensive

IDVY.L
4.0%
MVEU.L
14.5%

Healthcare

IDVY.L
3.0%
MVEU.L
12.8%

Basic Materials

IDVY.L

-

MVEU.L
5.2%

Real Estate

IDVY.L

-

MVEU.L
1.5%

Technology

IDVY.L

-

MVEU.L
3.5%

Compare stocks, funds, or ETFs

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iShares EURO Dividend UCITS

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

Often compared with IDVY.L:
IDVY.L vs. EUDI.LIDVY.L vs. IUKD.LIDVY.L vs. CSX5.LIDVY.L vs. DGROIDVY.L vs. FEV.LIDVY.L vs. FLXD.LIDVY.L vs. DVY
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. CS1.LMVEU.L vs. EUHD.LMVEU.L vs. PRUK.LMVEU.L vs. CSP1.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDVY.L
IDVY.L Risk / Return Rank: 6363
Overall Rank
IDVY.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IDVY.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IDVY.L Omega Ratio Rank: 6868
Omega Ratio Rank
IDVY.L Calmar Ratio Rank: 5858
Calmar Ratio Rank
IDVY.L Martin Ratio Rank: 5757
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 4141
Overall Rank
MVEU.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 4343
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3939
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares EURO Dividend UCITS (IDVY.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.

IDVY.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.77
0.98

+0.79

Sortino ratioReturn per unit of downside risk
2.42
1.40

+1.02

Omega ratioGain probability vs. loss probability

1.33

1.18

+0.15

Calmar ratioReturn relative to maximum drawdown

2.37

1.08

+1.30

Martin ratioReturn relative to average drawdown

8.01

3.07

+4.93

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

The current IDVY.L Sharpe Ratio is 1.77, which is higher than the MVEU.L Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of IDVY.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

IDVY.L vs. MVEU.L - Drawdown Comparison

The maximum IDVY.L drawdown since its inception was -74.07%, 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 IDVY.L and MVEU.L.

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Drawdown Indicators

IDVY.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-74.07%

-23.74%

-50.33%

Max Drawdown (1Y)

Largest decline over 1 year

-8.95%

-8.32%

-0.63%

Max Drawdown (3Y)

Largest decline over 3 years

-10.50%

-8.32%

-2.18%

Max Drawdown (5Y)

Largest decline over 5 years

-20.98%

-17.42%

-3.56%

Max Drawdown (10Y)

Largest decline over 10 years

-39.12%

-23.74%

-15.38%

Current Drawdown

Current decline from peak

-0.65%

-3.83%

+3.18%

Average Drawdown

Average peak-to-trough decline

-33.84%

-3.52%

-30.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

2.92%

-0.26%

Volatility

IDVY.L vs. MVEU.L - Volatility Comparison

iShares EURO Dividend UCITS (IDVY.L) has a higher volatility of 3.22% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.67%. This indicates that IDVY.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

IDVY.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.22%

2.67%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

9.61%

7.64%

+1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

12.00%

9.16%

+2.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.36%

11.30%

+4.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.31%

12.56%

+4.75%

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

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

Dividends

IDVY.L vs. MVEU.L - Dividend Comparison

IDVY.L's dividend yield for the trailing twelve months is around 4.51%, while MVEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IDVY.L
iShares EURO Dividend UCITS		4.51%4.28%5.94%5.75%5.08%3.76%3.59%5.03%4.68%3.85%3.69%3.93%
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

IDVY.L and MVEU.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.

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 IDVY.L.

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

Portfolio Optimizer

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