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

IEVL.L vs. IEFV.L

Last updated Jun 26, 2026

IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - IEVL.L tracks the MSCI Europe Enhanced Value Index while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, IEVL.L returned 12.20%/yr vs 12.22%/yr for IEFV.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IEVL.L vs. IEFV.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 (IEFV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with IEVL.L at 16.18% and IEFV.L at 16.18%. Both investments have delivered pretty close results over the past 10 years, with IEVL.L having a 12.20% annualized return and IEFV.L not far ahead at 12.22%.

IEVL.L

1D
1.32%
1M
1.32%
YTD
16.18%
6M
16.77%
1Y
37.35%
3Y*
22.62%
5Y*
14.96%
10Y*
12.20%

IEFV.L

1D
1.51%
1M
1.53%
YTD
16.18%
6M
16.84%
1Y
37.43%
3Y*
22.62%
5Y*
15.01%
10Y*
12.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		16.18%35.04%10.57%13.52%-3.79%26.68%-8.75%21.79%-13.55%10.54%
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		16.18%34.79%10.49%13.77%-3.76%26.29%-8.97%23.07%-13.74%9.78%

Correlation

The correlation between IEVL.L and IEFV.L is 0.97 - 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

0.97

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

0.96

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

0.96

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

0.94

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2015

0.94

The correlation between IEVL.L and IEFV.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

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

Sectors
IEVL.L
IEFV.L

Financial Services

25.8%
23.6%

Industrials

18.9%
18.8%

Healthcare

12.7%
13.2%

Technology

9.6%
9.7%

Consumer Defensive

8.2%
8.6%

Consumer Cyclical

5.9%
6.5%

Basic Materials

5.3%
5.5%

Utilities

4.6%
4.8%

Energy

4.5%
5.2%

Communication Services

3.3%
3.6%

Real Estate

0.6%
0.7%

Financial Services

IEVL.L
25.8%
IEFV.L
23.6%

Industrials

IEVL.L
18.9%
IEFV.L
18.8%

Healthcare

IEVL.L
12.7%
IEFV.L
13.2%

Technology

IEVL.L
9.6%
IEFV.L
9.7%

Consumer Defensive

IEVL.L
8.2%
IEFV.L
8.6%

Consumer Cyclical

IEVL.L
5.9%
IEFV.L
6.5%

Basic Materials

IEVL.L
5.3%
IEFV.L
5.5%

Utilities

IEVL.L
4.6%
IEFV.L
4.8%

Energy

IEVL.L
4.5%
IEFV.L
5.2%

Communication Services

IEVL.L
3.3%
IEFV.L
3.6%

Real Estate

IEVL.L
0.6%
IEFV.L
0.7%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

iShares Edge MSCI Europe Value Factor UCITS ETF

Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. 36BA.DEIEVL.L vs. CSKR.LIEVL.L vs. IEMA.LIEVL.L vs. GLD
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

Return for Risk

IEVL.L vs. IEFV.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: 8787
Overall Rank
IEVL.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 8989
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 8282
Martin Ratio Rank
IEFV.L
IEFV.L Risk / Return Rank: 8787
Overall Rank
IEFV.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
IEFV.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
IEFV.L Omega Ratio Rank: 9292
Omega Ratio Rank
IEFV.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IEFV.L Martin Ratio Rank: 7979
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. IEFV.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 (IEFV.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IEVL.LIEFV.LDifference
Sharpe ratioReturn per unit of total volatility
2.67
2.72

-0.05

Sortino ratioReturn per unit of downside risk
3.65
3.74

-0.09

Omega ratioGain probability vs. loss probability

1.49

1.50

-0.01

Calmar ratioReturn relative to maximum drawdown

3.80

3.79

0.00

Martin ratioReturn relative to average drawdown

14.29

14.11

+0.18

IEVL.L vs. IEFV.L - Sharpe Ratio Comparison

The current IEVL.L Sharpe Ratio is 2.67, which is comparable to the IEFV.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of IEVL.L and IEFV.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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Drawdowns

IEVL.L vs. IEFV.L - Drawdown Comparison

The maximum IEVL.L drawdown since its inception was -40.09%, roughly equal to the maximum IEFV.L drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for IEVL.L and IEFV.L.

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Drawdown Indicators

IEVL.LIEFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.09%

-40.78%

+0.69%

Max Drawdown (1Y)

Largest decline over 1 year

-9.79%

-9.82%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.43%

-16.66%

-0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

-19.43%

-0.12%

Max Drawdown (10Y)

Largest decline over 10 years

-40.09%

-40.78%

+0.69%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.46%

-7.69%

+0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

2.65%

-0.04%

Volatility

IEVL.L vs. IEFV.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) have volatilities of 3.80% and 3.93%, 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.LIEFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

3.93%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

11.36%

11.21%

+0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

13.93%

13.72%

+0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.39%

17.46%

-2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

18.26%

-0.87%

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

Both IEVL.L and IEFV.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. IEFV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.97, IEVL.L and IEFV.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 IEFV.L have the same expense ratio: 0.25% per year.

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

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