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

IEFV.L vs. ISAC.L

Last updated Jun 5, 2026

IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IEFV.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IEFV.L returned 11.79%/yr vs 13.48%/yr for ISAC.L. A 0.71 correlation means they provide meaningful diversification when combined. IEFV.L charges 0.25%/yr vs 0.20%/yr for ISAC.L.

Performance

IEFV.L vs. ISAC.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 ACWI UCITS ETF USD (Acc) (ISAC.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 ISAC.L is traded in USD. To make them comparable, the ISAC.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 12.95% return, which is significantly higher than ISAC.L's 12.06% return. Over the past 10 years, IEFV.L has underperformed ISAC.L with an annualized return of 11.79%, while ISAC.L has yielded a comparatively higher 13.48% 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%

ISAC.L

1D
0.00%
1M
5.28%
YTD
12.06%
6M
12.30%
1Y
30.14%
3Y*
18.17%
5Y*
12.60%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEFV.L vs. ISAC.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%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.99%13.64%19.87%16.44%-8.43%19.97%12.26%20.98%-4.37%13.63%

Correlation

The correlation between IEFV.L and ISAC.L is 0.64, 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

0.64

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

0.58

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

0.62

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

0.69

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

0.71

The correlation between IEFV.L and ISAC.L shifts across timeframes, from 0.58 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IEFV.L
ISAC.L

Financial Services

22.6%
17.3%

Industrials

17.4%
9.0%

Healthcare

12.5%
7.8%

Technology

12.1%
33.9%

Consumer Defensive

8.6%
4.4%

Consumer Cyclical

6.6%
8.5%

Basic Materials

6.3%
2.9%

Energy

5.0%
3.6%

Utilities

4.4%
2.2%

Communication Services

3.8%
8.6%

Real Estate

0.7%
1.2%

Financial Services

IEFV.L
22.6%
ISAC.L
17.3%

Industrials

IEFV.L
17.4%
ISAC.L
9.0%

Healthcare

IEFV.L
12.5%
ISAC.L
7.8%

Technology

IEFV.L
12.1%
ISAC.L
33.9%

Consumer Defensive

IEFV.L
8.6%
ISAC.L
4.4%

Consumer Cyclical

IEFV.L
6.6%
ISAC.L
8.5%

Basic Materials

IEFV.L
6.3%
ISAC.L
2.9%

Energy

IEFV.L
5.0%
ISAC.L
3.6%

Utilities

IEFV.L
4.4%
ISAC.L
2.2%

Communication Services

IEFV.L
3.8%
ISAC.L
8.6%

Real Estate

IEFV.L
0.7%
ISAC.L
1.2%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Value Factor UCITS ETF

iShares MSCI ACWI UCITS ETF USD (Acc)

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 ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

IEFV.L vs. ISAC.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
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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. ISAC.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 ACWI UCITS ETF USD (Acc) (ISAC.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.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
2.74
2.52

+0.21

Sortino ratioReturn per unit of downside risk
3.69
3.48

+0.21

Omega ratioGain probability vs. loss probability

1.50

1.48

+0.03

Calmar ratioReturn relative to maximum drawdown

3.43

4.36

-0.93

Martin ratioReturn relative to average drawdown

12.64

16.74

-4.11

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. ISAC.L - Sharpe Ratio Comparison

The current IEFV.L Sharpe Ratio is 2.74, which is comparable to the ISAC.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of IEFV.L and ISAC.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.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.74

2.52

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.88

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.87

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.86

-0.26

Drawdowns

IEFV.L vs. ISAC.L - Drawdown Comparison

The maximum IEFV.L drawdown since its inception was -34.64%, which is greater than ISAC.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for IEFV.L and ISAC.L.

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Drawdown Indicators

IEFV.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-25.84%

-8.80%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-6.88%

-3.69%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-18.33%

+3.31%

Max Drawdown (5Y)

Largest decline over 5 years

-16.16%

-18.33%

+2.17%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

-25.84%

-8.80%

Current Drawdown

Current decline from peak

-0.70%

-0.36%

-0.34%

Average Drawdown

Average peak-to-trough decline

-5.95%

-3.56%

-2.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

1.80%

+1.08%

Volatility

IEFV.L vs. ISAC.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a higher volatility of 4.25% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.74%. This indicates that IEFV.L's price experiences larger fluctuations and is considered to be riskier than ISAC.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.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

3.74%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

9.25%

+1.49%

Volatility (1Y)

Calculated over the trailing 1-year period

13.27%

11.90%

+1.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

14.29%

+0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

15.49%

+1.21%

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

IEFV.L has a 0.25% expense ratio, which is higher than ISAC.L's 0.20% 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. ISAC.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IEFV.L and ISAC.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IEFV.L.

IEFV.L is categorized as Europe Equities, while ISAC.L is Global Equities. IEFV.L tracks MSCI Europe Value NR EUR, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.25% for IEFV.L and 0.20% for ISAC.L.

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