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IEFM.L vs. PSRW.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEFM.L vs. PSRW.L

Last updated Jun 9, 2026

IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) are both exchange-traded funds - IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index, while PSRW.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, IEFM.L returned 12.57%/yr vs 12.89%/yr for PSRW.L. A 0.73 correlation means they provide meaningful diversification when combined. IEFM.L charges 0.25%/yr vs 0.39%/yr for PSRW.L.

Performance

IEFM.L vs. PSRW.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 Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEFM.L achieves a 6.32% return, which is significantly lower than PSRW.L's 14.09% return. Both investments have delivered pretty close results over the past 10 years, with IEFM.L having a 12.57% annualized return and PSRW.L not far ahead at 12.89%.

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%

PSRW.L

1D
-0.50%
1M
2.55%
YTD
14.09%
6M
15.24%
1Y
34.11%
3Y*
18.66%
5Y*
13.16%
10Y*
12.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFM.L vs. PSRW.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%
PSRW.L
Invesco FTSE RAFI All World 3000 UCITS ETF		14.09%19.97%12.95%10.09%2.42%22.39%2.67%17.83%-7.86%9.35%

Correlation

The correlation between IEFM.L and PSRW.L is 0.62, 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

0.62

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

0.66

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

0.70

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

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2015

0.73

The correlation between IEFM.L and PSRW.L shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IEFM.L
PSRW.L

Financial Services

23.8%
18.5%

Healthcare

15.7%
8.8%

Industrials

15.0%
9.8%

Utilities

11.9%
3.5%

Energy

10.3%
9.0%

Technology

9.2%
19.9%

Basic Materials

7.6%
6.8%

Consumer Defensive

2.9%
5.6%

Communication Services

2.8%
7.5%

Consumer Cyclical

0.5%
8.7%

Real Estate

0.4%
1.8%

Financial Services

IEFM.L
23.8%
PSRW.L
18.5%

Healthcare

IEFM.L
15.7%
PSRW.L
8.8%

Industrials

IEFM.L
15.0%
PSRW.L
9.8%

Utilities

IEFM.L
11.9%
PSRW.L
3.5%

Energy

IEFM.L
10.3%
PSRW.L
9.0%

Technology

IEFM.L
9.2%
PSRW.L
19.9%

Basic Materials

IEFM.L
7.6%
PSRW.L
6.8%

Consumer Defensive

IEFM.L
2.9%
PSRW.L
5.6%

Communication Services

IEFM.L
2.8%
PSRW.L
7.5%

Consumer Cyclical

IEFM.L
0.5%
PSRW.L
8.7%

Real Estate

IEFM.L
0.4%
PSRW.L
1.8%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Momentum Factor UCITS ETF

Invesco FTSE RAFI All World 3000 UCITS ETF

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 PSRW.L:
PSRW.L vs. ACWIPSRW.L vs. VWRL.LPSRW.L vs. LDCU.LPSRW.L vs. EXUS.LPSRW.L vs. XDEQ.LPSRW.L vs. VTPSRW.L vs. ^GSPC

Return for Risk

IEFM.L vs. PSRW.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
PSRW.L
PSRW.L Risk / Return Rank: 9393
Overall Rank
PSRW.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
PSRW.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
PSRW.L Omega Ratio Rank: 9595
Omega Ratio Rank
PSRW.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
PSRW.L Martin Ratio Rank: 9191
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. PSRW.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 Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.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.LPSRW.LDifference
Sharpe ratioReturn per unit of total volatility
1.18
3.56

-2.38

Sortino ratioReturn per unit of downside risk
1.78
4.73

-2.95

Omega ratioGain probability vs. loss probability

1.22

1.67

-0.45

Calmar ratioReturn relative to maximum drawdown

1.57

5.15

-3.58

Martin ratioReturn relative to average drawdown

5.80

19.85

-14.04

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. PSRW.L - Sharpe Ratio Comparison

The current IEFM.L Sharpe Ratio is 1.18, which is lower than the PSRW.L Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of IEFM.L and PSRW.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

IEFM.LPSRW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

3.56

-2.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

1.08

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.90

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.09

+0.63

Drawdowns

IEFM.L vs. PSRW.L - Drawdown Comparison

The maximum IEFM.L drawdown since its inception was -23.88%, smaller than the maximum PSRW.L drawdown of -78.62%. Use the drawdown chart below to compare losses from any high point for IEFM.L and PSRW.L.

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Drawdown Indicators

IEFM.LPSRW.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.88%

-78.62%

+54.74%

Max Drawdown (1Y)

Largest decline over 1 year

-12.05%

-6.59%

-5.46%

Max Drawdown (3Y)

Largest decline over 3 years

-12.95%

-14.23%

+1.28%

Max Drawdown (5Y)

Largest decline over 5 years

-21.33%

-14.23%

-7.10%

Max Drawdown (10Y)

Largest decline over 10 years

-23.88%

-29.05%

+5.17%

Current Drawdown

Current decline from peak

-2.17%

-1.41%

-0.76%

Average Drawdown

Average peak-to-trough decline

-5.04%

-27.74%

+22.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

1.71%

+1.56%

Volatility

IEFM.L vs. PSRW.L - Volatility Comparison

iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a higher volatility of 3.42% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) at 2.65%. This indicates that IEFM.L's price experiences larger fluctuations and is considered to be riskier than PSRW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEFM.LPSRW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

2.65%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

13.84%

7.22%

+6.62%

Volatility (1Y)

Calculated over the trailing 1-year period

16.06%

9.56%

+6.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

12.17%

+3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.94%

14.38%

+1.56%

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

IEFM.L has a 0.25% expense ratio, which is lower than PSRW.L's 0.39% expense ratio.

Dividends

IEFM.L vs. PSRW.L - Dividend Comparison

IEFM.L has not paid dividends to shareholders, while PSRW.L's dividend yield for the trailing twelve months is around 1.77%.

PositionTTM20252024202320222021202020192018201720162015
IEFM.L
iShares Edge MSCI Europe Momentum Factor 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%
PSRW.L
Invesco FTSE RAFI All World 3000 UCITS ETF		1.77%2.00%2.29%2.46%2.58%1.96%1.99%2.45%2.52%2.03%1.93%2.00%

Frequently Asked Questions

IEFM.L and PSRW.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEFM.L is cheaper with a 0.25% expense ratio, compared with 0.39% for PSRW.L.

IEFM.L is categorized as Momentum, while PSRW.L is Global Equities. IEFM.L tracks MSCI Europe Momentum Index, while PSRW.L tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IEFM.L and 0.39% for PSRW.L.

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