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IEFQ.L vs. MIVO.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEFQ.L vs. MIVO.L

Last updated Jun 5, 2026

IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) and MIVO.L (Amundi MSCI Europe Minimum Volatility UCITS) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and Amundi respectively. Both are passively managed. Over the past 10 years, IEFQ.L returned 8.84%/yr vs 7.53%/yr for MIVO.L. Their correlation of 0.90 suggests significant overlap in exposure. IEFQ.L charges 0.25%/yr vs 0.13%/yr for MIVO.L.

Performance

IEFQ.L vs. MIVO.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 Amundi MSCI Europe Minimum Volatility UCITS (MIVO.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, IEFQ.L achieves a 3.66% return, which is significantly lower than MIVO.L's 4.24% return. Over the past 10 years, IEFQ.L has outperformed MIVO.L with an annualized return of 8.84%, while MIVO.L has yielded a comparatively lower 7.53% 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%

MIVO.L

1D
0.44%
1M
0.62%
YTD
4.24%
6M
5.52%
1Y
7.85%
3Y*
10.28%
5Y*
7.34%
10Y*
7.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFQ.L vs. MIVO.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%
MIVO.L
Amundi MSCI Europe Minimum Volatility UCITS		4.24%17.54%6.50%8.50%-7.95%13.43%1.38%16.36%-3.04%13.15%

Correlation

The correlation between IEFQ.L and MIVO.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

0.80

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

0.85

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

0.89

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

0.90

The correlation between IEFQ.L and MIVO.L shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IEFQ.L
MIVO.L

Financial Services

20.6%
17.5%

Industrials

19.1%
15.5%

Healthcare

14.4%
13.1%

Technology

12.0%
2.5%

Consumer Defensive

7.9%
13.3%

Consumer Cyclical

6.7%
3.3%

Basic Materials

5.6%
3.6%

Energy

4.9%
9.9%

Utilities

4.8%
10.5%

Communication Services

3.1%
9.5%

Real Estate

0.8%
1.5%

Financial Services

IEFQ.L
20.6%
MIVO.L
17.5%

Industrials

IEFQ.L
19.1%
MIVO.L
15.5%

Healthcare

IEFQ.L
14.4%
MIVO.L
13.1%

Technology

IEFQ.L
12.0%
MIVO.L
2.5%

Consumer Defensive

IEFQ.L
7.9%
MIVO.L
13.3%

Consumer Cyclical

IEFQ.L
6.7%
MIVO.L
3.3%

Basic Materials

IEFQ.L
5.6%
MIVO.L
3.6%

Energy

IEFQ.L
4.9%
MIVO.L
9.9%

Utilities

IEFQ.L
4.8%
MIVO.L
10.5%

Communication Services

IEFQ.L
3.1%
MIVO.L
9.5%

Real Estate

IEFQ.L
0.8%
MIVO.L
1.5%

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iShares Edge MSCIope Quality Factor UCITS

Amundi MSCI Europe Minimum 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 MIVO.L:
MIVO.L vs. IMV.LMIVO.L vs. MVED.LMIVO.L vs. EDIV.LMIVO.L vs. WDEP.LMIVO.L vs. PRUK.LMIVO.L vs. CSWG.LMIVO.L vs. HDEU.L

Return for Risk

IEFQ.L vs. MIVO.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
MIVO.L
MIVO.L Risk / Return Rank: 2323
Overall Rank
MIVO.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
MIVO.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
MIVO.L Omega Ratio Rank: 2525
Omega Ratio Rank
MIVO.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
MIVO.L Martin Ratio Rank: 2222
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. MIVO.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 Amundi MSCI Europe Minimum Volatility UCITS (MIVO.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.LMIVO.LDifference
Sharpe ratioReturn per unit of total volatility
0.84
0.88

-0.04

Sortino ratioReturn per unit of downside risk
1.22
1.22

0.00

Omega ratioGain probability vs. loss probability

1.15

1.16

-0.01

Calmar ratioReturn relative to maximum drawdown

0.99

0.93

+0.06

Martin ratioReturn relative to average drawdown

3.18

2.76

+0.42

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. MIVO.L - Sharpe Ratio Comparison

The current IEFQ.L Sharpe Ratio is 0.84, which is comparable to the MIVO.L Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of IEFQ.L and MIVO.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

IEFQ.LMIVO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.88

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.67

-0.22

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

0.74

-0.14

Drawdowns

IEFQ.L vs. MIVO.L - Drawdown Comparison

The maximum IEFQ.L drawdown since its inception was -26.38%, which is greater than MIVO.L's maximum drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for IEFQ.L and MIVO.L.

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Drawdown Indicators

IEFQ.LMIVO.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.38%

-24.30%

-2.08%

Max Drawdown (1Y)

Largest decline over 1 year

-9.67%

-8.38%

-1.29%

Max Drawdown (3Y)

Largest decline over 3 years

-11.47%

-8.38%

-3.09%

Max Drawdown (5Y)

Largest decline over 5 years

-17.73%

-17.54%

-0.19%

Max Drawdown (10Y)

Largest decline over 10 years

-26.38%

-24.30%

-2.08%

Current Drawdown

Current decline from peak

-3.33%

-4.95%

+1.62%

Average Drawdown

Average peak-to-trough decline

-4.00%

-3.61%

-0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.84%

+0.18%

Volatility

IEFQ.L vs. MIVO.L - Volatility Comparison

iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) has a higher volatility of 3.63% compared to Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) at 2.77%. This indicates that IEFQ.L's price experiences larger fluctuations and is considered to be riskier than MIVO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEFQ.LMIVO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

2.77%

+0.86%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

7.44%

+1.95%

Volatility (1Y)

Calculated over the trailing 1-year period

11.46%

8.91%

+2.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.52%

10.94%

+2.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.26%

12.25%

+2.01%

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

IEFQ.L has a 0.25% expense ratio, which is higher than MIVO.L's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IEFQ.L vs. MIVO.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IEFQ.L and MIVO.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, MIVO.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MIVO.L is cheaper with a 0.13% expense ratio, compared with 0.25% for IEFQ.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IEFQ.L and 0.13% for MIVO.L.

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