IEFS.L vs. IMV.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds from iShares - IEFS.L tracks the MSCI Europe SMID NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IEFS.L returned 8.37%/yr vs 7.71%/yr for IMV.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEFS.L vs. IMV.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEFS.L achieves a 5.78% return, which is significantly higher than IMV.L's 4.20% return. Over the past 10 years, IEFS.L has outperformed IMV.L with an annualized return of 8.37%, while IMV.L has yielded a comparatively lower 7.71% 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%
IMV.L
- 1D
- -0.02%
- 1M
- -0.32%
- YTD
- 4.20%
- 6M
- 5.34%
- 1Y
- 8.27%
- 3Y*
- 10.29%
- 5Y*
- 7.43%
- 10Y*
- 7.71%
IEFS.L vs. IMV.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% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 4.20% | 17.66% | 6.63% | 8.56% | -7.83% | 13.68% | 1.50% | 16.37% | -2.91% | 13.29% |
Correlation
The correlation between IEFS.L and IMV.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.83 |
The correlation between IEFS.L and IMV.L shifts across timeframes, from 0.70 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEFS.L vs. IMV.L — Risk / Return Rank
IEFS.L
IMV.L
IEFS.L vs. IMV.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 Min Volatility UCITS (IMV.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 | IMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.97 | +0.66 |
| Martin ratioReturn relative to average drawdown | 5.83 | 2.93 | +2.90 |
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 | IMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 0.90 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.68 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.63 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.71 | -0.19 |
Drawdowns
IEFS.L vs. IMV.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for IEFS.L and IMV.L.
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Drawdown Indicators
| IEFS.L | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -24.48% | -6.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -8.50% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -8.50% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -17.42% | -8.98% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -24.48% | -6.54% |
Current DrawdownCurrent decline from peak | -2.40% | -5.10% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -3.57% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.82% | -0.04% |
Volatility
IEFS.L vs. IMV.L - Volatility Comparison
iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) has a higher volatility of 3.78% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 3.04%. This indicates that IEFS.L's price experiences larger fluctuations and is considered to be riskier than IMV.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 | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.04% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 7.69% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 9.14% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 10.97% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 12.31% | +3.28% |
IEFS.L vs. IMV.L - Expense Ratio Comparison
Both IEFS.L and IMV.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. IMV.L - Dividend Comparison
Neither IEFS.L nor IMV.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and IMV.L have a correlation of 0.70, 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 IMV.L have the same expense ratio: 0.25% per year.
IEFS.L tracks MSCI Europe SMID NR EUR, while IMV.L tracks MSCI Europe NR EUR.
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