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IEQD.L vs. MVED.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEQD.L vs. MVED.L

Last updated Jun 5, 2026

IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and BlackRock respectively. Both are passively managed. Over the past 5 years, IEQD.L returned 5.90%/yr vs 6.05%/yr for MVED.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEQD.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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, IEQD.L achieves a 4.24% return, which is significantly lower than MVED.L's 4.65% 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*
—

MVED.L

1D
0.33%
1M
0.58%
YTD
4.65%
6M
5.79%
1Y
2.49%
3Y*
8.12%
5Y*
6.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
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%-3.41%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		4.65%8.77%8.89%10.72%-12.60%21.51%-3.86%22.67%-1.16%

Correlation

The correlation between IEQD.L and MVED.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

0.82

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

0.87

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.89

The correlation between IEQD.L and MVED.L shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IEQD.L
MVED.L

Financial Services

21.1%
17.8%

Industrials

19.5%
15.7%

Healthcare

14.2%
13.1%

Technology

10.8%
2.8%

Consumer Defensive

8.1%
13.2%

Consumer Cyclical

6.6%
3.7%

Basic Materials

5.6%
5.7%

Energy

5.2%
6.9%

Utilities

5.1%
10.1%

Communication Services

3.0%
9.5%

Real Estate

0.8%
1.6%

Financial Services

IEQD.L
21.1%
MVED.L
17.8%

Industrials

IEQD.L
19.5%
MVED.L
15.7%

Healthcare

IEQD.L
14.2%
MVED.L
13.1%

Technology

IEQD.L
10.8%
MVED.L
2.8%

Consumer Defensive

IEQD.L
8.1%
MVED.L
13.2%

Consumer Cyclical

IEQD.L
6.6%
MVED.L
3.7%

Basic Materials

IEQD.L
5.6%
MVED.L
5.7%

Energy

IEQD.L
5.2%
MVED.L
6.9%

Utilities

IEQD.L
5.1%
MVED.L
10.1%

Communication Services

IEQD.L
3.0%
MVED.L
9.5%

Real Estate

IEQD.L
0.8%
MVED.L
1.6%

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iShares Edge MSCI Europe Quality Factor UCITS Dist

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

Often compared with IEQD.L:
IEQD.L vs. FEUI.DEIEQD.L vs. MVOL.LIEQD.L vs. SMEA.LIEQD.L vs. VUSA.ASIEQD.L vs. JRDZ.LIEQD.L vs. CNDX.LIEQD.L vs. CEUR.L
Often compared with MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. PRUK.LMVED.L vs. WDEP.LMVED.L vs. OPEN.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

IEQD.L vs. MVED.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: 1818
Overall Rank
IEQD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IEQD.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
IEQD.L Omega Ratio Rank: 1818
Omega Ratio Rank
IEQD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IEQD.L Martin Ratio Rank: 1919
Martin Ratio Rank
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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.

IEQD.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
0.56
0.28

+0.28

Sortino ratioReturn per unit of downside risk
0.87
0.44

+0.43

Omega ratioGain probability vs. loss probability

1.10

1.06

+0.05

Calmar ratioReturn relative to maximum drawdown

0.77

0.35

+0.42

Martin ratioReturn relative to average drawdown

2.08

0.78

+1.30

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. MVED.L - Sharpe Ratio Comparison

The current IEQD.L Sharpe Ratio is 0.56, which is higher than the MVED.L Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of IEQD.L and MVED.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

IEQD.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

0.28

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.55

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.52

+0.02

Drawdowns

IEQD.L vs. MVED.L - Drawdown Comparison

The maximum IEQD.L drawdown since its inception was -33.13%, which is greater than MVED.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for IEQD.L and MVED.L.

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Drawdown Indicators

IEQD.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.13%

-30.56%

-2.57%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-7.00%

-1.51%

Max Drawdown (3Y)

Largest decline over 3 years

-14.74%

-10.51%

-4.23%

Max Drawdown (5Y)

Largest decline over 5 years

-19.89%

-19.54%

-0.35%

Current Drawdown

Current decline from peak

-1.91%

-4.11%

+2.20%

Average Drawdown

Average peak-to-trough decline

-4.88%

-5.19%

+0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

3.18%

-0.01%

Volatility

IEQD.L vs. MVED.L - Volatility Comparison

iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) has a higher volatility of 3.95% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.93%. This indicates that IEQD.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEQD.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

2.93%

+1.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.27%

7.14%

+2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

11.69%

8.78%

+2.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

10.99%

+2.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.34%

12.63%

+2.71%

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

Both IEQD.L and MVED.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. MVED.L - Dividend Comparison

IEQD.L's dividend yield for the trailing twelve months is around 2.09%, while MVED.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
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%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%

Frequently Asked Questions

IEQD.L and MVED.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.

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

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

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and BlackRock.

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