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

IEVL.L vs. IEDL.L

Last updated Jun 5, 2026

IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IEVL.L tracks the MSCI Europe Enhanced Value Index while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, IEVL.L returned 14.48%/yr vs 14.46%/yr for IEDL.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

IEVL.L vs. IEDL.L - 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 iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IEVL.L having a 13.95% return and IEDL.L slightly higher at 14.02%.

IEVL.L

1D
0.04%
1M
4.59%
YTD
13.95%
6M
17.06%
1Y
32.80%
3Y*
21.63%
5Y*
14.48%
10Y*
10.70%

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)

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

2026 (YTD)20252024202320222021202020192018
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.95%35.00%10.59%13.55%-3.79%26.68%-8.75%21.75%-12.48%
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 IEVL.L and IEDL.L is 0.98 - 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

0.98

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.99

The correlation between IEVL.L and IEDL.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors
IEVL.L
IEDL.L

Financial Services

22.6%
22.6%

Industrials

17.0%
17.0%

Healthcare

12.3%
12.3%

Technology

12.2%
12.2%

Consumer Defensive

8.6%
8.6%

Basic Materials

6.2%
6.2%

Consumer Cyclical

6.2%
6.2%

Energy

5.1%
5.1%

Utilities

4.5%
4.5%

Communication Services

3.7%
3.7%

Real Estate

0.6%
0.6%

Financial Services

IEVL.L
22.6%
IEDL.L
22.6%

Industrials

IEVL.L
17.0%
IEDL.L
17.0%

Healthcare

IEVL.L
12.3%
IEDL.L
12.3%

Technology

IEVL.L
12.2%
IEDL.L
12.2%

Consumer Defensive

IEVL.L
8.6%
IEDL.L
8.6%

Basic Materials

IEVL.L
6.2%
IEDL.L
6.2%

Consumer Cyclical

IEVL.L
6.2%
IEDL.L
6.2%

Energy

IEVL.L
5.1%
IEDL.L
5.1%

Utilities

IEVL.L
4.5%
IEDL.L
4.5%

Communication Services

IEVL.L
3.7%
IEDL.L
3.7%

Real Estate

IEVL.L
0.6%
IEDL.L
0.6%

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iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

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
Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. T3KE.DEIEDL.L vs. EUMD.LIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L

Return for Risk

IEVL.L vs. IEDL.L — 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: 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
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.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.

IEVL.L vs. IEDL.L - 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 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.

IEVL.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
2.38
2.40

-0.01

Sortino ratioReturn per unit of downside risk
3.26
3.27

-0.01

Omega ratioGain probability vs. loss probability

1.43

1.44

-0.01

Calmar ratioReturn relative to maximum drawdown

3.34

3.36

-0.02

Martin ratioReturn relative to average drawdown

12.45

12.50

-0.05

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. IEDL.L - Sharpe Ratio Comparison

The current IEVL.L Sharpe Ratio is 2.38, which is comparable to the IEDL.L Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of IEVL.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.

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Sharpe Ratios by Period

IEVL.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

2.40

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.94

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.59

-0.10

Drawdowns

IEVL.L vs. IEDL.L - Drawdown Comparison

The maximum IEVL.L drawdown since its inception was -40.09%, roughly equal to the maximum IEDL.L drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for IEVL.L and IEDL.L.

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Drawdown Indicators

IEVL.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.09%

-39.74%

-0.35%

Max Drawdown (1Y)

Largest decline over 1 year

-9.78%

-9.70%

-0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-17.49%

-17.52%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

-19.57%

+0.02%

Max Drawdown (10Y)

Largest decline over 10 years

-40.09%

—

—

Current Drawdown

Current decline from peak

-0.78%

-0.75%

-0.03%

Average Drawdown

Average peak-to-trough decline

-7.51%

-6.19%

-1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.61%

+0.02%

Volatility

IEVL.L vs. IEDL.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) have volatilities of 4.86% and 4.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEVL.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.86%

4.76%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

10.95%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

13.70%

13.60%

+0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.36%

15.42%

-0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.66%

17.97%

-0.31%

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

Both IEVL.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

IEVL.L vs. IEDL.L - Dividend Comparison

IEVL.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018
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%
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%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.98, IEVL.L and IEDL.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.

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

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

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