PortfoliosLab logoPortfoliosLab logo

Documentation

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

IEFQ.L vs. IMV.L

Last updated Jun 5, 2026

IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) 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 10 years, IEFQ.L returned 8.84%/yr vs 7.68%/yr for IMV.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEFQ.L vs. IMV.L - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IEFQ.L achieves a 3.66% return, which is significantly lower than IMV.L's 4.72% return. Over the past 10 years, IEFQ.L has outperformed IMV.L with an annualized return of 8.84%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

IEFQ.L

1D
0.91%
1M
1.52%
YTD
3.66%
6M
4.93%
1Y
9.60%
3Y*
7.89%
5Y*
6.05%
10Y*
8.84%

IMV.L

1D
0.51%
1M
1.21%
YTD
4.72%
6M
5.90%
1Y
8.30%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IEFQ.L
iShares Edge MSCIope Quality Factor UCITS		3.66%14.94%-0.69%12.31%-6.34%18.16%6.81%24.09%-5.79%14.92%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between IEFQ.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

0.81

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

0.85

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

0.90

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

0.91

The correlation between IEFQ.L and IMV.L shifts across timeframes, from 0.75 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IEFQ.L
IMV.L

Financial Services

20.6%
17.9%

Industrials

19.1%
15.4%

Healthcare

14.4%
13.0%

Technology

12.0%
2.8%

Consumer Defensive

7.9%
13.1%

Consumer Cyclical

6.7%
3.6%

Basic Materials

5.6%
5.6%

Energy

4.9%
7.1%

Utilities

4.8%
10.2%

Communication Services

3.1%
9.6%

Real Estate

0.8%
1.6%

Financial Services

IEFQ.L
20.6%
IMV.L
17.9%

Industrials

IEFQ.L
19.1%
IMV.L
15.4%

Healthcare

IEFQ.L
14.4%
IMV.L
13.0%

Technology

IEFQ.L
12.0%
IMV.L
2.8%

Consumer Defensive

IEFQ.L
7.9%
IMV.L
13.1%

Consumer Cyclical

IEFQ.L
6.7%
IMV.L
3.6%

Basic Materials

IEFQ.L
5.6%
IMV.L
5.6%

Energy

IEFQ.L
4.9%
IMV.L
7.1%

Utilities

IEFQ.L
4.8%
IMV.L
10.2%

Communication Services

IEFQ.L
3.1%
IMV.L
9.6%

Real Estate

IEFQ.L
0.8%
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 MSCIope Quality Factor UCITS

iShares Edge MSCI Europe Min Volatility UCITS

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
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

IEFQ.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEFQ.L
IEFQ.L Risk / Return Rank: 2424
Overall Rank
IEFQ.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
IEFQ.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
IEFQ.L Omega Ratio Rank: 2424
Omega Ratio Rank
IEFQ.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IEFQ.L Martin Ratio Rank: 2525
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCIope Quality Factor UCITS (IEFQ.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.

IEFQ.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
0.84
0.91

-0.07

Sortino ratioReturn per unit of downside risk
1.22
1.27

-0.05

Omega ratioGain probability vs. loss probability

1.15

1.17

-0.02

Calmar ratioReturn relative to maximum drawdown

0.99

0.97

+0.02

Martin ratioReturn relative to average drawdown

3.18

2.92

+0.25

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

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

The current IEFQ.L Sharpe Ratio is 0.84, which is comparable to the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of IEFQ.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

IEFQ.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.91

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.69

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.62

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.71

-0.11

Drawdowns

IEFQ.L vs. IMV.L - Drawdown Comparison

The maximum IEFQ.L drawdown since its inception was -26.38%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for IEFQ.L and IMV.L.

Loading charts...

Drawdown Indicators

IEFQ.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.38%

-24.48%

-1.90%

Max Drawdown (1Y)

Largest decline over 1 year

-9.67%

-8.50%

-1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-11.47%

-8.50%

-2.97%

Max Drawdown (5Y)

Largest decline over 5 years

-17.73%

-17.42%

-0.31%

Max Drawdown (10Y)

Largest decline over 10 years

-26.38%

-24.48%

-1.90%

Current Drawdown

Current decline from peak

-3.33%

-4.62%

+1.29%

Average Drawdown

Average peak-to-trough decline

-4.00%

-3.57%

-0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.83%

+0.19%

Volatility

IEFQ.L vs. IMV.L - Volatility Comparison

iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) has a higher volatility of 3.63% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that IEFQ.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

IEFQ.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

2.89%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

7.71%

+1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

11.46%

9.13%

+2.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.52%

10.97%

+2.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.26%

12.31%

+1.95%

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

Both IEFQ.L and IMV.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

IEFQ.L vs. IMV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IEFQ.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.

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

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

Both ETFs track MSCI Europe NR EUR.

Portfolio Optimizer

Find the right allocation for IEFQ.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