IEVL.L vs. CEFA

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA).

IEVL.L and CEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEVL.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe Enhanced Value Index. It was launched on Feb 23, 2018. CEFA is a passively managed fund by Global X that tracks the performance of the S&P Developed ex-U.S. Catholic Values Index. It was launched on Jun 22, 2020. Both IEVL.L and CEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IEVL.L vs. CEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA). The values are adjusted to include any dividend payments, if applicable.

IEVL.L vs. CEFA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating	4.65%	35.00%	10.59%	13.55%	-3.79%	26.68%	13.58%
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	3.31%	11.46%	11.96%	13.88%	-11.49%	16.05%	12.04%

Different Trading Currencies

IEVL.L is traded in EUR, while CEFA is traded in USD. To make them comparable, the CEFA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEVL.L achieves a 4.65% return, which is significantly higher than CEFA's 3.31% return.

IEVL.L

• 1D: 2.41%
• 1M: -3.03%
• YTD: 4.65%
• 6M: 14.91%
• 1Y: 27.66%
• 3Y*: 18.41%
• 5Y*: 13.70%
• 10Y*: 10.31%

CEFA

• 1D: 1.76%
• 1M: -3.67%
• YTD: 3.31%
• 6M: 7.03%
• 1Y: 13.92%
• 3Y*: 11.17%
• 5Y*: 7.20%
• 10Y*: —

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

IEVL.L vs. CEFA - Expense Ratio Comparison

IEVL.L has a 0.25% expense ratio, which is lower than CEFA's 0.35% expense ratio.

CEFA

Global X S&P Catholic Values Developed ex-U.S. ETF

IEVL.L

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

Return for Risk

IEVL.L vs. CEFA — Risk / Return Rank

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

IEVL.L

IEVL.L Risk / Return Rank: 82
IEVL.L Sharpe Ratio Rank: 83
IEVL.L Sortino Ratio Rank: 80
IEVL.L Omega Ratio Rank: 82
IEVL.L Calmar Ratio Rank: 82
IEVL.L Martin Ratio Rank: 82

CEFA

CEFA Risk / Return Rank: 60
CEFA Sharpe Ratio Rank: 69
CEFA Sortino Ratio Rank: 68
CEFA Omega Ratio Rank: 66
CEFA Calmar Ratio Rank: 47
CEFA Martin Ratio Rank: 48

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.

IEVL.L vs. CEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA). 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.

	IEVL.L	CEFA	Difference
Sharpe ratio Return per unit of total volatility	1.69	0.80	+0.89
Sortino ratio Return per unit of downside risk	2.14	1.20	+0.94
Omega ratio Gain probability vs. loss probability	1.33	1.18	+0.16
Calmar ratio Return relative to maximum drawdown	2.58	0.65	+1.93
Martin ratio Return relative to average drawdown	9.91	2.65	+7.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEVL.L vs. CEFA - Sharpe Ratio Comparison

The current IEVL.L Sharpe Ratio is 1.69, which is higher than the CEFA Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of IEVL.L and CEFA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IEVL.L	CEFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	0.80	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.46	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.62	-0.17

Correlation

The correlation between IEVL.L and CEFA is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IEVL.L vs. CEFA - Dividend Comparison

IEVL.L has not paid dividends to shareholders, while CEFA's dividend yield for the trailing twelve months is around 2.81%.

	TTM	2025	2024	2023	2022	2021	2020
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	2.81%	2.86%	3.26%	2.35%	2.35%	3.49%	0.84%

Drawdowns

IEVL.L vs. CEFA - Drawdown Comparison

The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than CEFA's maximum drawdown of -19.13%. Use the drawdown chart below to compare losses from any high point for IEVL.L and CEFA.

Drawdown Indicators

	IEVL.L	CEFA	Difference
Max Drawdown Largest peak-to-trough decline	-40.09%	-31.97%	-8.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	-11.54%	-2.19%
Max Drawdown (5Y) Largest decline over 5 years	-19.55%	-31.97%	+12.42%
Max Drawdown (10Y) Largest decline over 10 years	-40.09%	—	—
Current Drawdown Current decline from peak	-4.94%	-7.01%	+2.07%
Average Drawdown Average peak-to-trough decline	-7.60%	-7.17%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.07%	-0.19%

Volatility

IEVL.L vs. CEFA - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) is 6.15%, while Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a volatility of 6.53%. This indicates that IEVL.L experiences smaller price fluctuations and is considered to be less risky than CEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEVL.L	CEFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	6.53%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	10.26%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	18.25%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	15.65%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	15.58%	+2.10%