IEFS.L vs. IEVL.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds from iShares - IEFS.L tracks the MSCI Europe SMID NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, IEFS.L returned 8.37%/yr vs 11.87%/yr for IEVL.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEFS.L vs. IEVL.L - Performance Comparison
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Different Trading Currencies
IEFS.L is traded in GBp, while IEVL.L is traded in EUR. To make them comparable, the IEVL.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 IEVL.L's 12.96% return. Over the past 10 years, IEFS.L has underperformed IEVL.L with an annualized return of 8.37%, while IEVL.L has yielded a comparatively higher 11.87% annualized 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%
IEVL.L
- 1D
- -0.55%
- 1M
- 4.04%
- YTD
- 12.96%
- 6M
- 16.71%
- 1Y
- 36.59%
- 3Y*
- 21.67%
- 5Y*
- 14.61%
- 10Y*
- 11.87%
IEFS.L vs. IEVL.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 | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -12.26% | 18.08% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 12.96% | 42.23% | 5.56% | 11.28% | 1.19% | 19.17% | -3.59% | 14.85% | -12.63% | 15.13% |
Correlation
The correlation between IEFS.L and IEVL.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.85 |
The correlation between IEFS.L and IEVL.L has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. IEVL.L — Risk / Return Rank
IEFS.L
IEVL.L
IEFS.L vs. IEVL.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 Accumulating (IEVL.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 | IEVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.49 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.44 | -1.81 |
| Martin ratioReturn relative to average drawdown | 5.83 | 12.78 | -6.96 |
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 | IEVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.70 | -1.32 |
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 | 0.69 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.57 | -0.05 |
Drawdowns
IEFS.L vs. IEVL.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for IEFS.L and IEVL.L.
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Drawdown Indicators
| IEFS.L | IEVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -34.82% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.59% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -16.33% | +4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -16.48% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -34.82% | +3.80% |
Current DrawdownCurrent decline from peak | -2.40% | -0.86% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.05% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.86% | -0.08% |
Volatility
IEFS.L vs. IEVL.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 Accumulating (IEVL.L) has a volatility of 4.86%. This indicates that IEFS.L experiences smaller price fluctuations and is considered to be less risky than IEVL.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 | IEVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.86% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 11.03% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 13.50% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 15.24% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.13% | -1.54% |
IEFS.L vs. IEVL.L - Expense Ratio Comparison
Both IEFS.L and IEVL.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. IEVL.L - Dividend Comparison
Neither IEFS.L nor IEVL.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and IEVL.L have a correlation of 0.82, 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 IEVL.L have the same expense ratio: 0.25% per year.
IEFS.L tracks MSCI Europe SMID NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index.
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