PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IEFM.L vs. IEFQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEFM.L vs. IEFQ.L

Last updated Jun 9, 2026

IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) are both exchange-traded funds - IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index, while IEFQ.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IEFM.L returned 12.57%/yr vs 9.13%/yr for IEFQ.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEFM.L vs. IEFQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) and iShares Edge MSCIope Quality Factor UCITS (IEFQ.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IEFM.L achieves a 6.32% return, which is significantly higher than IEFQ.L's 3.84% return. Over the past 10 years, IEFM.L has outperformed IEFQ.L with an annualized return of 12.57%, while IEFQ.L has yielded a comparatively lower 9.13% annualized return.

IEFM.L

1D
0.21%
1M
2.16%
YTD
6.32%
6M
9.51%
1Y
19.03%
3Y*
20.47%
5Y*
11.30%
10Y*
12.57%

IEFQ.L

1D
0.27%
1M
1.51%
YTD
3.84%
6M
5.42%
1Y
9.37%
3Y*
8.39%
5Y*
5.85%
10Y*
9.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFM.L vs. IEFQ.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		6.32%33.05%15.03%10.37%-9.80%14.07%17.04%23.39%-9.34%15.91%
IEFQ.L
iShares Edge MSCIope Quality Factor UCITS		3.84%14.94%-0.69%12.31%-6.34%18.16%6.81%24.09%-5.58%14.65%

Correlation

The correlation between IEFM.L and IEFQ.L is 0.66, 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

0.66

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

0.79

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

0.82

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

0.83

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.85

The correlation between IEFM.L and IEFQ.L shifts across timeframes, from 0.66 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

IEFM.L vs. IEFQ.L - Sectors Allocation Comparison

Sectors
IEFM.L
IEFQ.L

Financial Services

23.8%
21.1%

Healthcare

15.7%
14.2%

Industrials

15.0%
19.5%

Utilities

11.9%
5.1%

Energy

10.3%
5.2%

Technology

9.2%
10.8%

Basic Materials

7.6%
5.6%

Consumer Defensive

2.9%
8.1%

Communication Services

2.8%
3.0%

Consumer Cyclical

0.5%
6.6%

Real Estate

0.4%
0.8%

Financial Services

IEFM.L
23.8%
IEFQ.L
21.1%

Healthcare

IEFM.L
15.7%
IEFQ.L
14.2%

Industrials

IEFM.L
15.0%
IEFQ.L
19.5%

Utilities

IEFM.L
11.9%
IEFQ.L
5.1%

Energy

IEFM.L
10.3%
IEFQ.L
5.2%

Technology

IEFM.L
9.2%
IEFQ.L
10.8%

Basic Materials

IEFM.L
7.6%
IEFQ.L
5.6%

Consumer Defensive

IEFM.L
2.9%
IEFQ.L
8.1%

Communication Services

IEFM.L
2.8%
IEFQ.L
3.0%

Consumer Cyclical

IEFM.L
0.5%
IEFQ.L
6.6%

Real Estate

IEFM.L
0.4%
IEFQ.L
0.8%

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 Momentum Factor UCITS ETF

iShares Edge MSCIope Quality Factor UCITS

Often compared with IEFM.L:
IEFM.L vs. MTUMIEFM.L vs. VUKE.DEIEFM.L vs. CEMR.DEIEFM.L vs. EXO.ASIEFM.L vs. SPYF.DEIEFM.L vs. QDVX.DEIEFM.L vs. ESIF.L
Often compared with IEFQ.L:
IEFQ.L vs. CS51.LIEFQ.L vs. EUN.LIEFQ.L vs. AVDEIEFQ.L vs. VEUA.LIEFQ.L vs. IMEU.LIEFQ.L vs. VOOIEFQ.L vs. SMEA.L

Return for Risk

IEFM.L vs. IEFQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEFM.L
IEFM.L Risk / Return Rank: 3737
Overall Rank
IEFM.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IEFM.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
IEFM.L Omega Ratio Rank: 3737
Omega Ratio Rank
IEFM.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
IEFM.L Martin Ratio Rank: 4040
Martin Ratio Rank
IEFQ.L
IEFQ.L Risk / Return Rank: 2424
Overall Rank
IEFQ.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IEFQ.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IEFQ.L Omega Ratio Rank: 2525
Omega Ratio Rank
IEFQ.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
IEFQ.L Martin Ratio Rank: 2525
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.

IEFM.L vs. IEFQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) and iShares Edge MSCIope Quality Factor UCITS (IEFQ.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.

IEFM.LIEFQ.LDifference
Sharpe ratioReturn per unit of total volatility
1.18
0.82

+0.37

Sortino ratioReturn per unit of downside risk
1.78
1.19

+0.59

Omega ratioGain probability vs. loss probability

1.22

1.15

+0.07

Calmar ratioReturn relative to maximum drawdown

1.57

0.96

+0.61

Martin ratioReturn relative to average drawdown

5.80

3.08

+2.72

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

IEFM.L vs. IEFQ.L - Sharpe Ratio Comparison

The current IEFM.L Sharpe Ratio is 1.18, which is higher than the IEFQ.L Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of IEFM.L and IEFQ.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

IEFM.LIEFQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

0.82

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.37

+0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.60

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.56

+0.15

Drawdowns

IEFM.L vs. IEFQ.L - Drawdown Comparison

The maximum IEFM.L drawdown since its inception was -23.88%, smaller than the maximum IEFQ.L drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for IEFM.L and IEFQ.L.

Loading charts...

Drawdown Indicators

IEFM.LIEFQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.88%

-26.38%

+2.50%

Max Drawdown (1Y)

Largest decline over 1 year

-12.05%

-9.67%

-2.38%

Max Drawdown (3Y)

Largest decline over 3 years

-12.95%

-11.99%

-0.96%

Max Drawdown (5Y)

Largest decline over 5 years

-21.33%

-17.73%

-3.60%

Max Drawdown (10Y)

Largest decline over 10 years

-23.88%

-26.38%

+2.50%

Current Drawdown

Current decline from peak

-2.17%

-3.16%

+0.99%

Average Drawdown

Average peak-to-trough decline

-5.04%

-4.23%

-0.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

3.03%

+0.24%

Volatility

IEFM.L vs. IEFQ.L - Volatility Comparison

iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a higher volatility of 3.42% compared to iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) at 2.84%. This indicates that IEFM.L's price experiences larger fluctuations and is considered to be riskier than IEFQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IEFM.LIEFQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

2.84%

+0.58%

Volatility (6M)

Calculated over the trailing 6-month period

13.84%

9.39%

+4.45%

Volatility (1Y)

Calculated over the trailing 1-year period

16.06%

11.46%

+4.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

15.70%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.94%

15.31%

+0.63%

IEFM.L vs. IEFQ.L - Expense Ratio Comparison

Both IEFM.L and IEFQ.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IEFM.L vs. IEFQ.L - Dividend Comparison

Neither IEFM.L nor IEFQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IEFM.L and IEFQ.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IEFM.L and IEFQ.L have the same expense ratio: 0.25% per year.

IEFM.L is categorized as Momentum, while IEFQ.L is Europe Equities. IEFM.L tracks MSCI Europe Momentum Index, while IEFQ.L tracks MSCI Europe NR EUR.

Portfolio Optimizer

Find the right allocation for IEFM.L and IEFQ.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