IEFS.L vs. IEFV.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - IEFS.L tracks the MSCI Europe SMID NR EUR while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, IEFS.L returned 9.22%/yr vs 12.59%/yr for IEFV.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEFS.L vs. IEFV.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEFS.L achieves a 8.09% return, which is significantly lower than IEFV.L's 14.64% return. Over the past 10 years, IEFS.L has underperformed IEFV.L with an annualized return of 9.22%, while IEFV.L has yielded a comparatively higher 12.59% annualized return.
IEFS.L
- 1D
- 0.33%
- 1M
- 0.43%
- YTD
- 8.09%
- 6M
- 8.65%
- 1Y
- 18.49%
- 3Y*
- 14.67%
- 5Y*
- 6.03%
- 10Y*
- 9.22%
IEFV.L
- 1D
- 1.36%
- 1M
- 1.12%
- YTD
- 14.64%
- 6M
- 15.38%
- 1Y
- 38.77%
- 3Y*
- 22.78%
- 5Y*
- 15.04%
- 10Y*
- 12.59%
IEFS.L vs. IEFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 8.09% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -12.26% | 18.08% |
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 14.64% | 42.20% | 5.40% | 11.41% | 1.47% | 18.58% | -3.74% | 15.71% | -12.67% | 14.28% |
Correlation
The correlation between IEFS.L and IEFV.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 (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.88 |
The correlation between IEFS.L and IEFV.L has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. IEFV.L — Risk / Return Rank
IEFS.L
IEFV.L
IEFS.L vs. IEFV.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 (IEFV.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.
| IEFS.L | IEFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.53 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.65 | -1.79 |
| Martin ratioReturn relative to average drawdown | 6.61 | 13.42 | -6.81 |
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Drawdowns
IEFS.L vs. IEFV.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum IEFV.L drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for IEFS.L and IEFV.L.
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Drawdown Indicators
| IEFS.L | IEFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -34.64% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.57% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -15.02% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -16.16% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -34.64% | +3.62% |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -6.18% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.88% | -0.09% |
Volatility
IEFS.L vs. IEFV.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 2.04%, while iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a volatility of 3.84%. This indicates that IEFS.L experiences smaller price fluctuations and is considered to be less risky than IEFV.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 | IEFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.84% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 11.09% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 13.43% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 17.10% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 17.58% | -2.13% |
IEFS.L vs. IEFV.L - Expense Ratio Comparison
Both IEFS.L and IEFV.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. IEFV.L - Dividend Comparison
Neither IEFS.L nor IEFV.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and IEFV.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 IEFV.L have the same expense ratio: 0.25% per year.
IEFS.L tracks MSCI Europe SMID NR EUR, while IEFV.L tracks MSCI Europe Value NR EUR.
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