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IEFV.L vs. CMU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEFV.L vs. CMU.L

Last updated Jun 5, 2026

IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) are both Europe Equities funds - IEFV.L tracks the MSCI Europe Value NR EUR while CMU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, IEFV.L returned 11.79%/yr vs 10.79%/yr for CMU.L. Their correlation of 0.91 suggests significant overlap in exposure. IEFV.L charges 0.25%/yr vs 0.15%/yr for CMU.L.

Performance

IEFV.L vs. CMU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEFV.L achieves a 12.95% return, which is significantly lower than CMU.L's 15.89% return. Over the past 10 years, IEFV.L has outperformed CMU.L with an annualized return of 11.79%, while CMU.L has yielded a comparatively lower 10.79% annualized return.

IEFV.L

1D
0.27%
1M
5.00%
YTD
12.95%
6M
16.06%
1Y
36.47%
3Y*
21.78%
5Y*
14.64%
10Y*
11.79%

CMU.L

1D
0.33%
1M
8.13%
YTD
15.89%
6M
17.12%
1Y
29.56%
3Y*
16.11%
5Y*
10.52%
10Y*
10.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFV.L vs. CMU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		12.95%42.20%5.40%11.41%1.47%18.58%-3.74%15.71%-12.67%14.28%
CMU.L
Amundi ETF MSCI EMU ESG Leaders Select		15.89%25.71%1.42%14.39%-5.30%13.03%4.59%19.05%-11.56%17.21%

Correlation

The correlation between IEFV.L and CMU.L is 0.85, 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

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.91

The correlation between IEFV.L and CMU.L has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

IEFV.L vs. CMU.L - Sectors Allocation Comparison

Sectors
IEFV.L
CMU.L

Financial Services

22.6%
21.8%

Industrials

17.4%
15.7%

Healthcare

12.5%
4.2%

Technology

12.1%
30.8%

Consumer Defensive

8.6%
5.2%

Consumer Cyclical

6.6%
10.1%

Basic Materials

6.3%
2.8%

Energy

5.0%
0.0%

Utilities

4.4%
5.8%

Communication Services

3.8%
2.3%

Real Estate

0.7%
1.3%

Financial Services

IEFV.L
22.6%
CMU.L
21.8%

Industrials

IEFV.L
17.4%
CMU.L
15.7%

Healthcare

IEFV.L
12.5%
CMU.L
4.2%

Technology

IEFV.L
12.1%
CMU.L
30.8%

Consumer Defensive

IEFV.L
8.6%
CMU.L
5.2%

Consumer Cyclical

IEFV.L
6.6%
CMU.L
10.1%

Basic Materials

IEFV.L
6.3%
CMU.L
2.8%

Energy

IEFV.L
5.0%
CMU.L
0.0%

Utilities

IEFV.L
4.4%
CMU.L
5.8%

Communication Services

IEFV.L
3.8%
CMU.L
2.3%

Real Estate

IEFV.L
0.7%
CMU.L
1.3%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Value Factor UCITS ETF

Amundi ETF MSCI EMU ESG Leaders Select

Often compared with IEFV.L:
IEFV.L vs. EVAL.LIEFV.L vs. BRK-BIEFV.L vs. NASL.LIEFV.L vs. SMEA.LIEFV.L vs. UC96.LIEFV.L vs. XDAX.LIEFV.L vs. EFV
Often compared with CMU.L:
CMU.L vs. CEUR.LCMU.L vs. GLDCMU.L vs. UB06.LCMU.L vs. FLXD.LCMU.L vs. 100D.LCMU.L vs. 500U.LCMU.L vs. BNKE.L

Return for Risk

IEFV.L vs. CMU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEFV.L
IEFV.L Risk / Return Rank: 7878
Overall Rank
IEFV.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IEFV.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
IEFV.L Omega Ratio Rank: 8484
Omega Ratio Rank
IEFV.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
IEFV.L Martin Ratio Rank: 6969
Martin Ratio Rank
CMU.L
CMU.L Risk / Return Rank: 5858
Overall Rank
CMU.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
CMU.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
CMU.L Omega Ratio Rank: 6161
Omega Ratio Rank
CMU.L Calmar Ratio Rank: 5252
Calmar Ratio Rank
CMU.L Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEFV.L vs. CMU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.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.

IEFV.LCMU.LDifference
Sharpe ratioReturn per unit of total volatility
2.74
1.98

+0.76

Sortino ratioReturn per unit of downside risk
3.69
2.79

+0.90

Omega ratioGain probability vs. loss probability

1.50

1.37

+0.14

Calmar ratioReturn relative to maximum drawdown

3.43

2.58

+0.86

Martin ratioReturn relative to average drawdown

12.64

9.67

+2.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEFV.L vs. CMU.L - Sharpe Ratio Comparison

The current IEFV.L Sharpe Ratio is 2.74, which is higher than the CMU.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of IEFV.L and CMU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IEFV.LCMU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.74

1.98

+0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.66

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.65

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.49

+0.11

Drawdowns

IEFV.L vs. CMU.L - Drawdown Comparison

The maximum IEFV.L drawdown since its inception was -34.64%, which is greater than CMU.L's maximum drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for IEFV.L and CMU.L.

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Drawdown Indicators

IEFV.LCMU.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-32.53%

-2.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-11.43%

+0.86%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-11.95%

-3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-16.16%

-21.11%

+4.95%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

-31.41%

-3.23%

Current Drawdown

Current decline from peak

-0.70%

-0.18%

-0.52%

Average Drawdown

Average peak-to-trough decline

-5.95%

-5.80%

-0.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

3.05%

-0.17%

Volatility

IEFV.L vs. CMU.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) is 4.25%, while Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a volatility of 5.34%. This indicates that IEFV.L experiences smaller price fluctuations and is considered to be less risky than CMU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEFV.LCMU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

5.34%

-1.09%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

12.44%

-1.70%

Volatility (1Y)

Calculated over the trailing 1-year period

13.27%

14.86%

-1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

16.00%

-0.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

16.78%

-0.08%

IEFV.L vs. CMU.L - Expense Ratio Comparison

IEFV.L has a 0.25% expense ratio, which is higher than CMU.L's 0.15% 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

IEFV.L vs. CMU.L - Dividend Comparison

Neither IEFV.L nor CMU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IEFV.L and CMU.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CMU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CMU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IEFV.L.

IEFV.L tracks MSCI Europe Value NR EUR, while CMU.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IEFV.L and 0.15% for CMU.L.

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