IEFS.L vs. PRUK.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and PRUK.L (Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while PRUK.L tracks the FTSE 250 Ex Investment Trust TR GBP. Both are passively managed. Over the past 5 years, IEFS.L returned 5.82%/yr vs 0.56%/yr for PRUK.L. A 0.79 correlation means they provide meaningful diversification when combined. IEFS.L charges 0.25%/yr vs 0.05%/yr for PRUK.L.
Performance
IEFS.L vs. PRUK.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 PRUK.L's 1.86% 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%
PRUK.L
- 1D
- -1.21%
- 1M
- 2.07%
- YTD
- 1.86%
- 6M
- 4.66%
- 1Y
- 9.73%
- 3Y*
- 8.43%
- 5Y*
- 0.56%
- 10Y*
- —
IEFS.L vs. PRUK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 14.49% |
PRUK.L Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) | 1.86% | 13.57% | 5.85% | 7.37% | -22.76% | 12.69% | 22.98% |
Correlation
The correlation between IEFS.L and PRUK.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.79 |
The correlation between IEFS.L and PRUK.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. PRUK.L — Risk / Return Rank
IEFS.L
PRUK.L
IEFS.L vs. PRUK.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 Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.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 | PRUK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.74 | +0.89 |
| Martin ratioReturn relative to average drawdown | 5.83 | 2.48 | +3.35 |
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 | PRUK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 0.69 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.03 | +0.35 |
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 | 0.37 | +0.16 |
Drawdowns
IEFS.L vs. PRUK.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum PRUK.L drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for IEFS.L and PRUK.L.
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Drawdown Indicators
| IEFS.L | PRUK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -36.10% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -13.05% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -18.00% | +6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -36.10% | +9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -4.72% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -14.81% | +8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 3.92% | -1.14% |
Volatility
IEFS.L vs. PRUK.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L) has a volatility of 4.76%. This indicates that IEFS.L experiences smaller price fluctuations and is considered to be less risky than PRUK.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 | PRUK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.76% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 11.71% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 14.11% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 16.53% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.45% | -1.86% |
IEFS.L vs. PRUK.L - Expense Ratio Comparison
IEFS.L has a 0.25% expense ratio, which is higher than PRUK.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEFS.L vs. PRUK.L - Dividend Comparison
IEFS.L has not paid dividends to shareholders, while PRUK.L's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRUK.L Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) | 3.63% | 3.70% | 3.63% | 3.43% | 3.50% | 1.73% | 0.29% |
Frequently Asked Questions
IEFS.L and PRUK.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRUK.L is cheaper with a 0.05% expense ratio, compared with 0.25% for IEFS.L.
IEFS.L tracks MSCI Europe SMID NR EUR, while PRUK.L tracks FTSE 250 Ex Investment Trust TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IEFS.L and 0.05% for PRUK.L.
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