IEFQ.L vs. MVEU.L

Last updated Jul 19, 2026

IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) 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 8.48%/yr vs 7.07%/yr for MVEU.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEFQ.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IEFQ.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEFQ.L achieves a 6.26% return, which is significantly lower than MVEU.L's 6.67% return. Over the past 10 years, IEFQ.L has outperformed MVEU.L with an annualized return of 8.48%, while MVEU.L has yielded a comparatively lower 7.07% annualized return.

IEFQ.L

• 1D: 0.04%
• 1M: -0.59%
• 6M: 2.56%
• YTD: 6.26%
• 1Y: 12.46%
• 3Y*: 9.05%
• 5Y*: 6.04%
• 10Y*: 8.48%

MVEU.L

• 1D: 0.91%
• 1M: 1.02%
• 6M: 5.14%
• YTD: 6.67%
• 1Y: 9.71%
• 3Y*: 11.58%
• 5Y*: 6.98%
• 10Y*: 7.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEFQ.L iShares Edge MSCIope Quality Factor UCITS	6.26%	14.94%	-0.69%	12.31%	-6.34%	18.16%	6.81%	24.09%	-5.58%	14.65%
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)	6.67%	17.63%	6.71%	8.45%	-8.16%	14.46%	1.57%	15.47%	-2.87%	14.16%

Correlation

The correlation between IEFQ.L and MVEU.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015	0.82

The correlation between IEFQ.L and MVEU.L has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

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

Sectors	IEFQ.L	MVEU.L
Financial Services	21.0%	18.0%
Industrials	19.3%	15.5%
Healthcare	13.2%	12.5%
Technology	12.4%	3.3%
Consumer Defensive	8.8%	14.4%
Consumer Cyclical	6.6%	3.1%
Basic Materials	5.4%	5.2%
Utilities	5.1%	10.2%
Energy	4.5%	7.2%
Communication Services	3.1%	8.5%
Real Estate	0.7%	1.5%

Return for Risk

IEFQ.L vs. MVEU.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: 36
IEFQ.L Sharpe Ratio Rank: 38
IEFQ.L Sortino Ratio Rank: 36
IEFQ.L Omega Ratio Rank: 37
IEFQ.L Calmar Ratio Rank: 32
IEFQ.L Martin Ratio Rank: 35

MVEU.L

MVEU.L Risk / Return Rank: 47
MVEU.L Sharpe Ratio Rank: 50
MVEU.L Sortino Ratio Rank: 49
MVEU.L Omega Ratio Rank: 50
MVEU.L Calmar Ratio Rank: 42
MVEU.L Martin Ratio Rank: 42

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. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IEFQ.L	MVEU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.08	-0.01
Sortino ratio: Return per unit of downside risk	1.54	1.54	0.00
Omega ratio: Gain probability vs. loss probability	1.20	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.28	1.20	+0.08
Martin ratio: Return relative to average drawdown	4.16	3.40	+0.76

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

The current IEFQ.L Sharpe Ratio is 1.08, which is comparable to the MVEU.L Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of IEFQ.L and MVEU.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.

Drawdowns

IEFQ.L vs. MVEU.L - Drawdown Comparison

The maximum IEFQ.L drawdown since its inception was -26.38%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for IEFQ.L and MVEU.L.

Drawdown Indicators

	IEFQ.L	MVEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-23.74%	-2.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-8.32%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-8.32%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	-17.42%	-0.31%
Max Drawdown (10Y) Largest decline over 10 years	-26.38%	-23.74%	-2.64%
Current Drawdown Current decline from peak	-2.36%	-2.83%	+0.47%
Average Drawdown Average peak-to-trough decline	-4.20%	-3.52%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.94%	+0.04%

Volatility

IEFQ.L vs. MVEU.L - Volatility Comparison

iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) have volatilities of 2.77% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEFQ.L	MVEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	2.82%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	7.70%	+1.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	9.18%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	11.30%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	12.56%	+2.64%

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

Both IEFQ.L and MVEU.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. MVEU.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IEFQ.L and MVEU.L in my portfolio?

IEFQ.L and MVEU.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEFQ.L or MVEU.L?

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

Which ETF is cheaper, IEFQ.L or MVEU.L?

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

What is the main difference between IEFQ.L and MVEU.L?

Both ETFs track MSCI Europe NR EUR.