IEVL.L vs. LDEU.L
IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) are both Europe Equities funds - IEVL.L tracks the MSCI Europe Enhanced Value Index while LDEU.L tracks the L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. Both are passively managed. Over the past 5 years, IEVL.L returned 15.56%/yr vs 17.00%/yr for LDEU.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IEVL.L vs. LDEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEVL.L achieves a 16.34% return, which is significantly higher than LDEU.L's 14.76% return.
IEVL.L
- 1D
- -0.07%
- 1M
- 1.17%
- 6M
- 13.20%
- YTD
- 16.34%
- 1Y
- 34.34%
- 3Y*
- 21.76%
- 5Y*
- 15.56%
- 10Y*
- 11.11%
LDEU.L
- 1D
- -0.31%
- 1M
- 0.93%
- 6M
- 11.68%
- YTD
- 14.76%
- 1Y
- 29.16%
- 3Y*
- 25.18%
- 5Y*
- 17.00%
- 10Y*
- —
IEVL.L vs. LDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 16.34% | 35.04% | 10.57% | 13.52% | -3.79% | 11.02% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 14.76% | 37.56% | 14.64% | 16.76% | -3.16% | 9.14% |
Correlation
The correlation between IEVL.L and LDEU.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.90 |
The correlation between IEVL.L and LDEU.L has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
IEVL.L vs. LDEU.L — Risk / Return Rank
IEVL.L
LDEU.L
IEVL.L vs. LDEU.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 L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.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.L | LDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 4.32 | -0.83 |
| Martin ratioReturn relative to average drawdown | 13.14 | 15.11 | -1.97 |
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Drawdowns
IEVL.L vs. LDEU.L - Drawdown Comparison
The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than LDEU.L's maximum drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for IEVL.L and LDEU.L.
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Drawdown Indicators
| IEVL.L | LDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.09% | -20.16% | -19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -6.80% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -14.78% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -20.16% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -0.54% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -3.03% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.95% | +0.66% |
Volatility
IEVL.L vs. LDEU.L - Volatility Comparison
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a higher volatility of 4.24% compared to L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) at 2.88%. This indicates that IEVL.L's price experiences larger fluctuations and is considered to be riskier than LDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEVL.L | LDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.88% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 9.37% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 11.66% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 14.39% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 14.25% | +3.03% |
IEVL.L vs. LDEU.L - Expense Ratio Comparison
Both IEVL.L and LDEU.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. LDEU.L - Dividend Comparison
IEVL.L has not paid dividends to shareholders, while LDEU.L's dividend yield for the trailing twelve months is around 3.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 3.52% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% |
Frequently Asked Questions
IEVL.L and LDEU.L have a correlation of 0.87, 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.
IEVL.L and LDEU.L have the same expense ratio: 0.25% per year.
IEVL.L tracks MSCI Europe Enhanced Value Index, while LDEU.L tracks L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. They also come from different issuers: iShares and L&G.
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