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

IEFV.L vs. GEDM.L

Last updated Jun 9, 2026

IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and GEDM.L (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)) are both exchange-traded funds - IEFV.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR, while GEDM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, IEFV.L returned 14.28%/yr vs 7.78%/yr for GEDM.L. A 0.55 correlation means they provide meaningful diversification when combined. IEFV.L charges 0.25%/yr vs 0.18%/yr for GEDM.L.

Performance

IEFV.L vs. GEDM.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 iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist) (GEDM.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IEFV.L is traded in GBp, while GEDM.L is traded in GBP. To make them comparable, the GEDM.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEFV.L achieves a 11.85% return, which is significantly lower than GEDM.L's 20.80% return.

IEFV.L

1D
-0.12%
1M
3.20%
YTD
11.85%
6M
14.76%
1Y
33.90%
3Y*
21.37%
5Y*
14.28%
10Y*
12.02%

GEDM.L

1D
0.15%
1M
-0.00%
YTD
20.80%
6M
21.84%
1Y
44.52%
3Y*
18.64%
5Y*
7.78%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		11.85%42.20%5.40%11.41%1.47%18.58%-3.74%15.71%-6.11%
GEDM.L
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)		20.80%24.11%8.80%4.58%-11.07%-0.26%15.84%-10.23%-0.20%

Correlation

The correlation between IEFV.L and GEDM.L is 0.53, 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

0.53

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

0.53

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

0.52

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2018

0.55

The correlation between IEFV.L and GEDM.L has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

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

Sectors
IEFV.L
GEDM.L

Financial Services

22.6%
17.7%

Industrials

17.4%
7.6%

Healthcare

12.5%
3.4%

Technology

12.1%
42.5%

Consumer Defensive

8.6%
2.7%

Consumer Cyclical

6.6%
9.0%

Basic Materials

6.3%
5.5%

Energy

5.0%
2.9%

Utilities

4.4%
1.2%

Communication Services

3.8%
6.0%

Real Estate

0.7%
1.6%

Financial Services

IEFV.L
22.6%
GEDM.L
17.7%

Industrials

IEFV.L
17.4%
GEDM.L
7.6%

Healthcare

IEFV.L
12.5%
GEDM.L
3.4%

Technology

IEFV.L
12.1%
GEDM.L
42.5%

Consumer Defensive

IEFV.L
8.6%
GEDM.L
2.7%

Consumer Cyclical

IEFV.L
6.6%
GEDM.L
9.0%

Basic Materials

IEFV.L
6.3%
GEDM.L
5.5%

Energy

IEFV.L
5.0%
GEDM.L
2.9%

Utilities

IEFV.L
4.4%
GEDM.L
1.2%

Communication Services

IEFV.L
3.8%
GEDM.L
6.0%

Real Estate

IEFV.L
0.7%
GEDM.L
1.6%

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iShares Edge MSCI Europe Value Factor UCITS ETF

iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)

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 GEDM.L:
GEDM.L vs. VUAA.DEGEDM.L vs. DGSE.LGEDM.L vs. EXCS.LGEDM.L vs. HMEF.LGEDM.L vs. SWDA.LGEDM.L vs. DEMS.LGEDM.L vs. E127.L

Return for Risk

IEFV.L vs. GEDM.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: 7979
Overall Rank
IEFV.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IEFV.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IEFV.L Omega Ratio Rank: 8585
Omega Ratio Rank
IEFV.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
IEFV.L Martin Ratio Rank: 7070
Martin Ratio Rank
GEDM.L
GEDM.L Risk / Return Rank: 8383
Overall Rank
GEDM.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
GEDM.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
GEDM.L Omega Ratio Rank: 8787
Omega Ratio Rank
GEDM.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
GEDM.L Martin Ratio Rank: 7979
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. GEDM.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 iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist) (GEDM.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.LGEDM.LDifference
Sharpe ratioReturn per unit of total volatility
2.54
2.57

-0.03

Sortino ratioReturn per unit of downside risk
3.45
3.28

+0.17

Omega ratioGain probability vs. loss probability

1.46

1.48

-0.02

Calmar ratioReturn relative to maximum drawdown

3.19

3.84

-0.65

Martin ratioReturn relative to average drawdown

11.73

13.70

-1.97

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. GEDM.L - Sharpe Ratio Comparison

The current IEFV.L Sharpe Ratio is 2.54, which is comparable to the GEDM.L Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of IEFV.L and GEDM.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.LGEDM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.54

2.57

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.49

+0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.32

+0.24

Drawdowns

IEFV.L vs. GEDM.L - Drawdown Comparison

The maximum IEFV.L drawdown since its inception was -34.64%, smaller than the maximum GEDM.L drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for IEFV.L and GEDM.L.

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Drawdown Indicators

IEFV.LGEDM.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-38.64%

+4.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-11.53%

+0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-15.29%

+0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-16.16%

-23.30%

+7.14%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

—

—

Current Drawdown

Current decline from peak

-1.66%

-5.65%

+3.99%

Average Drawdown

Average peak-to-trough decline

-6.21%

-11.35%

+5.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

3.24%

-0.36%

Volatility

IEFV.L vs. GEDM.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) is 3.71%, while iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist) (GEDM.L) has a volatility of 7.98%. This indicates that IEFV.L experiences smaller price fluctuations and is considered to be less risky than GEDM.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.LGEDM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.71%

7.98%

-4.27%

Volatility (6M)

Calculated over the trailing 6-month period

10.75%

14.98%

-4.23%

Volatility (1Y)

Calculated over the trailing 1-year period

13.32%

17.27%

-3.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

16.01%

+1.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.63%

18.96%

-1.33%

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

IEFV.L has a 0.25% expense ratio, which is higher than GEDM.L's 0.18% 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. GEDM.L - Dividend Comparison

IEFV.L has not paid dividends to shareholders, while GEDM.L's dividend yield for the trailing twelve months is around 1.62%.

PositionTTM2025202420232022202120202019
GEDM.L
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)		1.62%1.95%2.34%2.32%2.52%1.82%1.58%2.28%
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IEFV.L and GEDM.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GEDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GEDM.L is cheaper with a 0.18% expense ratio, compared with 0.25% for IEFV.L.

IEFV.L is categorized as Europe Equities, while GEDM.L is Emerging Markets Equities. IEFV.L tracks MSCI Europe Value NR EUR, while GEDM.L tracks MSCI EM NR USD. Their fees differ too: 0.25% for IEFV.L and 0.18% for GEDM.L.

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