PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IEEU.L vs. IMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEEU.L vs. IMV.L

Last updated Jun 5, 2026

IEEU.L (iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, IEEU.L returned 9.57%/yr vs 6.41%/yr for IMV.L. Their correlation of 0.80 suggests significant overlap in exposure. IEEU.L charges 0.45%/yr vs 0.25%/yr for IMV.L.

Performance

IEEU.L vs. IMV.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 Min Volatility UCITS (IMV.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IEEU.L is traded in USD, while IMV.L is traded in GBp. To make them comparable, the IMV.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 higher than IMV.L's 4.47% 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*
—

IMV.L

1D
0.56%
1M
0.35%
YTD
4.47%
6M
6.68%
1Y
7.27%
3Y*
13.34%
5Y*
6.41%
10Y*
6.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%-15.05%28.14%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.47%26.54%4.85%14.28%-17.69%12.65%4.61%21.04%-8.41%24.08%

Correlation

The correlation between IEEU.L and IMV.L is 0.75, 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

0.75

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

0.79

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

0.82

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2016

0.80

The correlation between IEEU.L and IMV.L has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

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

Sectors
IEEU.L
IMV.L

Financial Services

27.7%
17.9%

Industrials

17.4%
15.4%

Healthcare

11.0%
13.0%

Consumer Defensive

8.4%
13.1%

Technology

8.3%
2.8%

Consumer Cyclical

5.8%
3.6%

Energy

5.8%
7.1%

Communication Services

5.7%
9.6%

Utilities

5.3%
10.2%

Basic Materials

2.1%
5.6%

Real Estate

1.3%
1.6%

Financial Services

IEEU.L
27.7%
IMV.L
17.9%

Industrials

IEEU.L
17.4%
IMV.L
15.4%

Healthcare

IEEU.L
11.0%
IMV.L
13.0%

Consumer Defensive

IEEU.L
8.4%
IMV.L
13.1%

Technology

IEEU.L
8.3%
IMV.L
2.8%

Consumer Cyclical

IEEU.L
5.8%
IMV.L
3.6%

Energy

IEEU.L
5.8%
IMV.L
7.1%

Communication Services

IEEU.L
5.7%
IMV.L
9.6%

Utilities

IEEU.L
5.3%
IMV.L
10.2%

Basic Materials

IEEU.L
2.1%
IMV.L
5.6%

Real Estate

IEEU.L
1.3%
IMV.L
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

iShares Edge MSCI Europe Min Volatility UCITS

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 IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

IEEU.L vs. IMV.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
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
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. IMV.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 Min Volatility UCITS (IMV.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.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
1.49
0.66

+0.83

Sortino ratioReturn per unit of downside risk
2.16
0.96

+1.20

Omega ratioGain probability vs. loss probability

1.28

1.13

+0.15

Calmar ratioReturn relative to maximum drawdown

2.32

0.79

+1.53

Martin ratioReturn relative to average drawdown

8.22

2.35

+5.87

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. IMV.L - Sharpe Ratio Comparison

The current IEEU.L Sharpe Ratio is 1.49, which is higher than the IMV.L Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of IEEU.L and IMV.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.

Loading charts...

Sharpe Ratios by Period

IEEU.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

0.66

+0.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.45

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.47

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.51

+0.15

Drawdowns

IEEU.L vs. IMV.L - Drawdown Comparison

The maximum IEEU.L drawdown since its inception was -38.74%, which is greater than IMV.L's maximum drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for IEEU.L and IMV.L.

Loading charts...

Drawdown Indicators

IEEU.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.74%

-32.35%

-6.39%

Max Drawdown (1Y)

Largest decline over 1 year

-9.48%

-9.12%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-13.47%

-10.39%

-3.08%

Max Drawdown (5Y)

Largest decline over 5 years

-35.45%

-32.35%

-3.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.35%

—

Current Drawdown

Current decline from peak

-1.07%

-5.02%

+3.95%

Average Drawdown

Average peak-to-trough decline

-7.64%

-5.98%

-1.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

3.08%

-0.40%

Volatility

IEEU.L vs. IMV.L - Volatility Comparison

iShares Edge MSCI Europe Multifactor UCITS ETF EUR (Acc) USD (IEEU.L) has a higher volatility of 4.96% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 3.64%. This indicates that IEEU.L's price experiences larger fluctuations and is considered to be riskier than IMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IEEU.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

3.64%

+1.32%

Volatility (6M)

Calculated over the trailing 6-month period

12.15%

8.87%

+3.28%

Volatility (1Y)

Calculated over the trailing 1-year period

14.79%

10.99%

+3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.49%

14.30%

+3.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

14.65%

+2.90%

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

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

Dividends

IEEU.L vs. IMV.L - Dividend Comparison

Neither IEEU.L nor IMV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IEEU.L and IMV.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.45% for IEEU.L and 0.25% for IMV.L.

Portfolio Optimizer

Find the right allocation for IEEU.L and IMV.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer