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IEEU.L vs. IEDL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEEU.L vs. IEDL.L

Last updated Jun 5, 2026

IEEU.L (iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IEEU.L tracks the MSCI Europe NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, IEEU.L returned 9.57%/yr vs 13.39%/yr for IEDL.L. Their correlation of 0.88 suggests significant overlap in exposure. IEEU.L charges 0.45%/yr vs 0.25%/yr for IEDL.L.

Performance

IEEU.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD (IEEU.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IEEU.L is traded in USD, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEEU.L achieves a 9.09% return, which is significantly lower than IEDL.L's 12.73% return.

IEEU.L

1D
0.68%
1M
-1.07%
YTD
9.09%
6M
13.26%
1Y
21.67%
3Y*
21.52%
5Y*
9.57%
10Y*
—

IEDL.L

1D
0.03%
1M
3.90%
YTD
12.73%
6M
16.66%
1Y
35.02%
3Y*
24.89%
5Y*
13.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEEU.L vs. IEDL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IEEU.L
iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD		9.09%36.38%7.58%23.48%-20.18%17.07%8.65%22.17%-17.17%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		12.71%53.13%3.63%17.09%-9.53%18.08%-0.69%19.41%-17.80%

Correlation

The correlation between IEEU.L and IEDL.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

0.89

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

0.89

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.88

The correlation between IEEU.L and IEDL.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

IEEU.L vs. IEDL.L - Sectors Allocation Comparison

Sectors
IEEU.L
IEDL.L

Financial Services

27.7%
22.6%

Industrials

17.4%
17.0%

Healthcare

11.0%
12.3%

Consumer Defensive

8.4%
8.6%

Technology

8.3%
12.2%

Consumer Cyclical

5.8%
6.2%

Energy

5.8%
5.1%

Communication Services

5.7%
3.7%

Utilities

5.3%
4.5%

Basic Materials

2.1%
6.2%

Real Estate

1.3%
0.6%

Financial Services

IEEU.L
27.7%
IEDL.L
22.6%

Industrials

IEEU.L
17.4%
IEDL.L
17.0%

Healthcare

IEEU.L
11.0%
IEDL.L
12.3%

Consumer Defensive

IEEU.L
8.4%
IEDL.L
8.6%

Technology

IEEU.L
8.3%
IEDL.L
12.2%

Consumer Cyclical

IEEU.L
5.8%
IEDL.L
6.2%

Energy

IEEU.L
5.8%
IEDL.L
5.1%

Communication Services

IEEU.L
5.7%
IEDL.L
3.7%

Utilities

IEEU.L
5.3%
IEDL.L
4.5%

Basic Materials

IEEU.L
2.1%
IEDL.L
6.2%

Real Estate

IEEU.L
1.3%
IEDL.L
0.6%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

Often compared with IEEU.L:
IEEU.L vs. BRK-BIEEU.L vs. GOOGIEEU.L vs. SGLN.LIEEU.L vs. MMS.LIEEU.L vs. JRDE.LIEEU.L vs. JRDZ.LIEEU.L vs. IITU.L
Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. EUMD.LIEDL.L vs. T3KE.DEIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L

Return for Risk

IEEU.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEEU.L
IEEU.L Risk / Return Rank: 4646
Overall Rank
IEEU.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IEEU.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
IEEU.L Omega Ratio Rank: 4444
Omega Ratio Rank
IEEU.L Calmar Ratio Rank: 4848
Calmar Ratio Rank
IEEU.L Martin Ratio Rank: 5050
Martin Ratio Rank
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6868
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.

IEEU.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD (IEEU.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

IEEU.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.49
2.23

-0.74

Sortino ratioReturn per unit of downside risk
2.16
3.01

-0.85

Omega ratioGain probability vs. loss probability

1.28

1.40

-0.13

Calmar ratioReturn relative to maximum drawdown

2.32

3.02

-0.70

Martin ratioReturn relative to average drawdown

8.22

10.80

-2.58

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

IEEU.L vs. IEDL.L - Sharpe Ratio Comparison

The current IEEU.L Sharpe Ratio is 1.49, which is lower than the IEDL.L Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IEEU.L and IEDL.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

IEEU.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

2.23

-0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.72

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.49

+0.16

Drawdowns

IEEU.L vs. IEDL.L - Drawdown Comparison

The maximum IEEU.L drawdown since its inception was -38.74%, smaller than the maximum IEDL.L drawdown of -43.17%. Use the drawdown chart below to compare losses from any high point for IEEU.L and IEDL.L.

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Drawdown Indicators

IEEU.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.74%

-43.17%

+4.43%

Max Drawdown (1Y)

Largest decline over 1 year

-9.48%

-11.53%

+2.05%

Max Drawdown (3Y)

Largest decline over 3 years

-13.47%

-17.39%

+3.92%

Max Drawdown (5Y)

Largest decline over 5 years

-35.45%

-31.20%

-4.25%

Current Drawdown

Current decline from peak

-1.07%

-0.86%

-0.21%

Average Drawdown

Average peak-to-trough decline

-7.64%

-8.50%

+0.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

3.23%

-0.55%

Volatility

IEEU.L vs. IEDL.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD (IEEU.L) is 4.96%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 5.40%. This indicates that IEEU.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEEU.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

5.40%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

12.15%

12.50%

-0.35%

Volatility (1Y)

Calculated over the trailing 1-year period

14.79%

15.64%

-0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.49%

18.58%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

20.11%

-2.56%

IEEU.L vs. IEDL.L - Expense Ratio Comparison

IEEU.L has a 0.45% expense ratio, which is higher than IEDL.L's 0.25% expense ratio.

Dividends

IEEU.L vs. IEDL.L - Dividend Comparison

IEEU.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%
IEEU.L
iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, IEEU.L and IEDL.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, IEDL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.45% for IEEU.L.

IEEU.L tracks MSCI Europe NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. Their fees differ too: 0.45% for IEEU.L and 0.25% for IEDL.L.

Portfolio Optimizer

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