IEFS.L vs. VUKG.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and VUKG.L (Vanguard FTSE 100 UCITS ETF (GBP) Accumulating) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while VUKG.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, IEFS.L returned 5.82%/yr vs 11.66%/yr for VUKG.L. A 0.78 correlation means they provide meaningful diversification when combined. IEFS.L charges 0.25%/yr vs 0.09%/yr for VUKG.L.
Performance
IEFS.L vs. VUKG.L - Performance Comparison
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Different Trading Currencies
IEFS.L is traded in GBp, while VUKG.L is traded in GBP. To make them comparable, the VUKG.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 higher than VUKG.L's 5.16% 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%
VUKG.L
- 1D
- -0.40%
- 1M
- -0.04%
- YTD
- 5.16%
- 6M
- 7.86%
- 1Y
- 20.90%
- 3Y*
- 14.58%
- 5Y*
- 11.66%
- 10Y*
- —
IEFS.L vs. VUKG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 9.81% |
VUKG.L Vanguard FTSE 100 UCITS ETF (GBP) Accumulating | 5.16% | 26.12% | 9.40% | 7.20% | 5.51% | 17.39% | -11.57% | 7.70% |
Correlation
The correlation between IEFS.L and VUKG.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 15, 2019 | 0.78 |
The correlation between IEFS.L and VUKG.L has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. VUKG.L — Risk / Return Rank
IEFS.L
VUKG.L
IEFS.L vs. VUKG.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 Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.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 | VUKG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.38 | -0.75 |
| Martin ratioReturn relative to average drawdown | 5.83 | 7.92 | -2.10 |
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 | VUKG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.94 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.91 | -0.53 |
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 | 0.56 | -0.03 |
Drawdowns
IEFS.L vs. VUKG.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum VUKG.L drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for IEFS.L and VUKG.L.
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Drawdown Indicators
| IEFS.L | VUKG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -34.32% | +3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -8.74% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -13.03% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -13.03% | -13.37% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -4.53% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.73% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.63% | +0.15% |
Volatility
IEFS.L vs. VUKG.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) has a volatility of 4.11%. This indicates that IEFS.L experiences smaller price fluctuations and is considered to be less risky than VUKG.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 | VUKG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.11% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 9.34% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 10.74% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 12.75% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 16.13% | -0.54% |
IEFS.L vs. VUKG.L - Expense Ratio Comparison
IEFS.L has a 0.25% expense ratio, which is higher than VUKG.L's 0.09% 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. VUKG.L - Dividend Comparison
Neither IEFS.L nor VUKG.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and VUKG.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUKG.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUKG.L is cheaper with a 0.09% expense ratio, compared with 0.25% for IEFS.L.
IEFS.L tracks MSCI Europe SMID NR EUR, while VUKG.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IEFS.L and 0.09% for VUKG.L.
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