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

IEFV.L vs. IEVL.L

Last updated Jun 5, 2026

IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds from iShares - IEFV.L tracks the MSCI Europe Value NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, IEFV.L returned 11.79%/yr vs 11.78%/yr for IEVL.L. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

IEFV.L vs. IEVL.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 Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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 IEVL.L is traded in EUR. To make them comparable, the IEVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with IEFV.L having a 12.95% return and IEVL.L slightly higher at 13.11%. Both investments have delivered pretty close results over the past 10 years, with IEFV.L having a 11.79% annualized return and IEVL.L not far behind at 11.78%.

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%

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFV.L vs. IEVL.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%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between IEFV.L and IEVL.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

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

0.97

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

0.96

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

0.95

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

0.95

The correlation between IEFV.L and IEVL.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

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

Sectors
IEFV.L
IEVL.L

Financial Services

22.6%
22.6%

Industrials

17.4%
17.0%

Healthcare

12.5%
12.3%

Technology

12.1%
12.2%

Consumer Defensive

8.6%
8.6%

Consumer Cyclical

6.6%
6.2%

Basic Materials

6.3%
6.2%

Energy

5.0%
5.1%

Utilities

4.4%
4.5%

Communication Services

3.8%
3.7%

Real Estate

0.7%
0.6%

Financial Services

IEFV.L
22.6%
IEVL.L
22.6%

Industrials

IEFV.L
17.4%
IEVL.L
17.0%

Healthcare

IEFV.L
12.5%
IEVL.L
12.3%

Technology

IEFV.L
12.1%
IEVL.L
12.2%

Consumer Defensive

IEFV.L
8.6%
IEVL.L
8.6%

Consumer Cyclical

IEFV.L
6.6%
IEVL.L
6.2%

Basic Materials

IEFV.L
6.3%
IEVL.L
6.2%

Energy

IEFV.L
5.0%
IEVL.L
5.1%

Utilities

IEFV.L
4.4%
IEVL.L
4.5%

Communication Services

IEFV.L
3.8%
IEVL.L
3.7%

Real Estate

IEFV.L
0.7%
IEVL.L
0.6%

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iShares Edge MSCI Europe Value Factor UCITS ETF

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

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 IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

IEFV.L vs. IEVL.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
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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. IEVL.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 Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.74
2.68

+0.06

Sortino ratioReturn per unit of downside risk
3.69
3.61

+0.08

Omega ratioGain probability vs. loss probability

1.50

1.48

+0.02

Calmar ratioReturn relative to maximum drawdown

3.43

3.42

+0.01

Martin ratioReturn relative to average drawdown

12.64

12.70

-0.07

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. IEVL.L - Sharpe Ratio Comparison

The current IEFV.L Sharpe Ratio is 2.74, which is comparable to the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of IEFV.L and IEVL.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.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.74

2.68

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.96

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.69

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.58

+0.02

Drawdowns

IEFV.L vs. IEVL.L - Drawdown Comparison

The maximum IEFV.L drawdown since its inception was -34.64%, roughly equal to the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for IEFV.L and IEVL.L.

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Drawdown Indicators

IEFV.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-34.82%

+0.18%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-10.59%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-16.33%

+1.31%

Max Drawdown (5Y)

Largest decline over 5 years

-16.16%

-16.48%

+0.32%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

-34.82%

+0.18%

Current Drawdown

Current decline from peak

-0.70%

-0.82%

+0.12%

Average Drawdown

Average peak-to-trough decline

-5.95%

-6.05%

+0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

2.86%

+0.02%

Volatility

IEFV.L vs. IEVL.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) is 4.25%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that IEFV.L experiences smaller price fluctuations and is considered to be less risky than IEVL.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.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

4.85%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

11.06%

-0.32%

Volatility (1Y)

Calculated over the trailing 1-year period

13.27%

13.52%

-0.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

15.24%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

17.13%

-0.43%

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

Both IEFV.L and IEVL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IEFV.L vs. IEVL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.97, IEFV.L and IEVL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IEFV.L and IEVL.L have the same expense ratio: 0.25% per year.

IEFV.L tracks MSCI Europe Value NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index.

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