IEQD.L vs. IEDL.L

Last updated Jun 5, 2026

IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IEQD.L tracks the MSCI Europe NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, IEQD.L returned 5.90%/yr vs 14.46%/yr for IEDL.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEQD.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEQD.L achieves a 4.24% return, which is significantly lower than IEDL.L's 14.02% return.

IEQD.L

• 1D: 0.53%
• 1M: 1.23%
• YTD: 4.24%
• 6M: 5.85%
• 1Y: 6.61%
• 3Y*: 7.76%
• 5Y*: 5.90%
• 10Y*: —

IEDL.L

• 1D: -0.09%
• 1M: 4.62%
• YTD: 14.02%
• 6M: 16.99%
• 1Y: 32.74%
• 3Y*: 21.57%
• 5Y*: 14.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEQD.L vs. IEDL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IEQD.L iShares Edge MSCI Europe Quality Factor UCITS Dist	4.24%	9.49%	4.14%	14.42%	-11.20%	26.21%	1.53%	30.13%	-3.99%
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)	14.02%	35.00%	10.46%	13.50%	-3.75%	26.71%	-8.76%	21.78%	-12.14%

Correlation

The correlation between IEQD.L and IEDL.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018	0.81

The correlation between IEQD.L and IEDL.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

IEQD.L vs. IEDL.L - Sectors Allocation Comparison

Sectors	IEQD.L	IEDL.L
Financial Services	21.1%	22.6%
Industrials	19.5%	17.0%
Healthcare	14.2%	12.3%
Technology	10.8%	12.2%
Consumer Defensive	8.1%	8.6%
Consumer Cyclical	6.6%	6.2%
Basic Materials	5.6%	6.2%
Energy	5.2%	5.1%
Utilities	5.1%	4.5%
Communication Services	3.0%	3.7%
Real Estate	0.8%	0.6%

Return for Risk

IEQD.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEQD.L

IEQD.L Risk / Return Rank: 18
IEQD.L Sharpe Ratio Rank: 19
IEQD.L Sortino Ratio Rank: 18
IEQD.L Omega Ratio Rank: 18
IEQD.L Calmar Ratio Rank: 19
IEQD.L Martin Ratio Rank: 19

IEDL.L

IEDL.L Risk / Return Rank: 72
IEDL.L Sharpe Ratio Rank: 75
IEDL.L Sortino Ratio Rank: 74
IEDL.L Omega Ratio Rank: 75
IEDL.L Calmar Ratio Rank: 69
IEDL.L Martin Ratio Rank: 68

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.

IEQD.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

	IEQD.L	IEDL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.40	-1.83
Sortino ratio: Return per unit of downside risk	0.87	3.27	-2.40
Omega ratio: Gain probability vs. loss probability	1.10	1.44	-0.34
Calmar ratio: Return relative to maximum drawdown	0.77	3.36	-2.59
Martin ratio: Return relative to average drawdown	2.08	12.50	-10.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEQD.L vs. IEDL.L - Sharpe Ratio Comparison

The current IEQD.L Sharpe Ratio is 0.56, which is lower than the IEDL.L Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of IEQD.L and IEDL.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.

Sharpe Ratios by Period

	IEQD.L	IEDL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	2.40	-1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.94	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.59	-0.05

Drawdowns

IEQD.L vs. IEDL.L - Drawdown Comparison

The maximum IEQD.L drawdown since its inception was -33.13%, smaller than the maximum IEDL.L drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for IEQD.L and IEDL.L.

Drawdown Indicators

	IEQD.L	IEDL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.13%	-39.74%	+6.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-9.70%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.74%	-17.52%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.89%	-19.57%	-0.32%
Current Drawdown Current decline from peak	-1.91%	-0.75%	-1.16%
Average Drawdown Average peak-to-trough decline	-4.88%	-6.19%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.61%	+0.56%

Volatility

IEQD.L vs. IEDL.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) is 3.95%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.76%. This indicates that IEQD.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEQD.L	IEDL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	4.76%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	10.95%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	13.60%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	15.42%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.34%	17.97%	-2.63%

IEQD.L vs. IEDL.L - Expense Ratio Comparison

Both IEQD.L and IEDL.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

IEQD.L vs. IEDL.L - Dividend Comparison

IEQD.L's dividend yield for the trailing twelve months is around 2.09%, less than IEDL.L's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)	3.01%	3.44%	4.22%	4.76%	4.23%	3.56%	2.32%	3.86%	3.19%
IEQD.L iShares Edge MSCI Europe Quality Factor UCITS Dist	2.09%	2.18%	2.37%	2.74%	2.69%	1.96%	2.21%	2.89%	2.93%

Frequently Asked Questions

Can I hold both IEQD.L and IEDL.L in my portfolio?

IEQD.L and IEDL.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEQD.L or IEDL.L?

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

Which ETF is cheaper, IEQD.L or IEDL.L?

IEQD.L and IEDL.L have the same expense ratio: 0.25% per year.

What is the main difference between IEQD.L and IEDL.L?

IEQD.L tracks MSCI Europe NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR.