IEFS.L vs. IEDL.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IEFS.L tracks the MSCI Europe SMID NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, IEFS.L returned 5.82%/yr vs 14.62%/yr for IEDL.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEFS.L vs. IEDL.L - Performance Comparison
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Different Trading Currencies
IEFS.L is traded in GBp, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEFS.L achieves a 5.78% return, which is significantly lower than IEDL.L's 13.18% return.
IEFS.L
- 1D
- -0.28%
- 1M
- 1.57%
- YTD
- 5.78%
- 6M
- 8.60%
- 1Y
- 16.22%
- 3Y*
- 12.43%
- 5Y*
- 5.82%
- 10Y*
- 8.37%
IEDL.L
- 1D
- -0.47%
- 1M
- 4.12%
- YTD
- 13.18%
- 6M
- 16.80%
- 1Y
- 37.03%
- 3Y*
- 21.68%
- 5Y*
- 14.62%
- 10Y*
- —
IEFS.L vs. IEDL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -11.23% |
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 13.18% | 42.22% | 5.44% | 11.24% | 1.22% | 19.20% | -3.60% | 14.87% | -10.37% |
Correlation
The correlation between IEFS.L and IEDL.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.85 |
The correlation between IEFS.L and IEDL.L has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. IEDL.L — Risk / Return Rank
IEFS.L
IEDL.L
IEFS.L vs. IEDL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.
| IEFS.L | IEDL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.50 | -1.87 |
| Martin ratioReturn relative to average drawdown | 5.83 | 12.94 | -7.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEFS.L | IEDL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.74 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.96 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.59 | -0.07 |
Drawdowns
IEFS.L vs. IEDL.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for IEFS.L and IEDL.L.
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Drawdown Indicators
| IEFS.L | IEDL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -34.37% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.54% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -16.23% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -16.28% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -0.69% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -5.72% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.85% | -0.07% |
Volatility
IEFS.L vs. IEDL.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.79%. This indicates that IEFS.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFS.L | IEDL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.79% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 11.04% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 13.47% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 15.30% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.60% | -2.01% |
IEFS.L vs. IEDL.L - Expense Ratio Comparison
Both IEFS.L and IEDL.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
IEFS.L vs. IEDL.L - Dividend Comparison
IEFS.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 3.01% | 3.44% | 4.22% | 4.76% | 4.23% | 3.56% | 2.32% | 3.86% | 3.19% |
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEFS.L and IEDL.L have a correlation of 0.83, 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.
IEFS.L and IEDL.L have the same expense ratio: 0.25% per year.
IEFS.L tracks MSCI Europe SMID NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR.
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