IEFS.L vs. LCPE.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and LCPE.L (Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while LCPE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IEFS.L returned 8.37%/yr vs 10.12%/yr for LCPE.L. At a 0.39 correlation, their price movements are largely independent. IEFS.L charges 0.25%/yr vs 0.65%/yr for LCPE.L.
Performance
IEFS.L vs. LCPE.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 lower than LCPE.L's 13.75% return. Over the past 10 years, IEFS.L has underperformed LCPE.L with an annualized return of 8.37%, while LCPE.L has yielded a comparatively higher 10.12% 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%
LCPE.L
- 1D
- -0.59%
- 1M
- 2.51%
- YTD
- 13.75%
- 6M
- 14.34%
- 1Y
- 28.26%
- 3Y*
- 12.14%
- 5Y*
- 9.55%
- 10Y*
- 10.12%
IEFS.L vs. LCPE.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% |
LCPE.L Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS | 13.75% | 18.88% | -2.83% | 10.70% | 0.29% | 16.28% | 8.38% | 12.94% | -2.26% | 9.54% |
Correlation
The correlation between IEFS.L and LCPE.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.39 |
Over the past year, IEFS.L and LCPE.L have become more correlated (0.69) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
IEFS.L vs. LCPE.L — Risk / Return Rank
IEFS.L
LCPE.L
IEFS.L vs. LCPE.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 Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.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 | LCPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 4.23 | -2.60 |
| Martin ratioReturn relative to average drawdown | 5.83 | 14.02 | -8.20 |
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 | LCPE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.49 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 1.03 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 1.19 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.98 | -0.46 |
Drawdowns
IEFS.L vs. LCPE.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, which is greater than LCPE.L's maximum drawdown of -27.05%. Use the drawdown chart below to compare losses from any high point for IEFS.L and LCPE.L.
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Drawdown Indicators
| IEFS.L | LCPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -27.05% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -6.66% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -12.39% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -12.39% | -14.01% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -27.05% | -3.97% |
Current DrawdownCurrent decline from peak | -2.40% | -3.09% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -3.52% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.01% | +0.77% |
Volatility
IEFS.L vs. LCPE.L - Volatility Comparison
iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) and Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) have volatilities of 3.78% and 3.81%, 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.
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Volatility by Period
| IEFS.L | LCPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.81% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 8.50% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 11.31% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 17.75% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 20.61% | -5.02% |
IEFS.L vs. LCPE.L - Expense Ratio Comparison
IEFS.L has a 0.25% expense ratio, which is lower than LCPE.L's 0.65% expense ratio.
Dividends
IEFS.L vs. LCPE.L - Dividend Comparison
Neither IEFS.L nor LCPE.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and LCPE.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFS.L is cheaper with a 0.25% expense ratio, compared with 0.65% for LCPE.L.
IEFS.L tracks MSCI Europe SMID NR EUR, while LCPE.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Natixis. Their fees differ too: 0.25% for IEFS.L and 0.65% for LCPE.L.
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