IEVL.L vs. MVEU.L

Last updated Jun 25, 2026

IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - IEVL.L tracks the MSCI Europe Enhanced Value Index while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IEVL.L returned 11.58%/yr vs 7.31%/yr for MVEU.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

IEVL.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEVL.L achieves a 14.66% return, which is significantly higher than MVEU.L's 7.25% return. Over the past 10 years, IEVL.L has outperformed MVEU.L with an annualized return of 11.58%, while MVEU.L has yielded a comparatively lower 7.31% annualized return.

IEVL.L

• 1D: -0.07%
• 1M: 1.04%
• YTD: 14.66%
• 6M: 15.24%
• 1Y: 34.62%
• 3Y*: 22.08%
• 5Y*: 14.66%
• 10Y*: 11.58%

MVEU.L

• 1D: 0.56%
• 1M: 0.18%
• YTD: 7.25%
• 6M: 7.56%
• 1Y: 9.41%
• 3Y*: 11.39%
• 5Y*: 7.09%
• 10Y*: 7.31%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating	14.66%	35.04%	10.57%	13.52%	-3.79%	26.68%	-8.75%	21.79%	-13.55%	10.54%
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)	7.25%	11.66%	11.79%	10.66%	-12.67%	21.67%	-3.86%	22.42%	-3.82%	9.48%

Correlation

The correlation between IEVL.L and MVEU.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015	0.76

The correlation between IEVL.L and MVEU.L shifts across timeframes, from 0.64 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

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

Sectors	IEVL.L	MVEU.L
Financial Services	25.8%	17.6%
Industrials	18.9%	15.6%
Healthcare	12.7%	12.3%
Technology	9.6%	3.4%
Consumer Defensive	8.2%	14.1%
Consumer Cyclical	5.9%	3.6%
Basic Materials	5.3%	5.1%
Utilities	4.6%	10.1%
Energy	4.5%	6.9%
Communication Services	3.3%	9.0%
Real Estate	0.6%	1.5%

Return for Risk

IEVL.L vs. MVEU.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: 82
IEVL.L Sharpe Ratio Rank: 86
IEVL.L Sortino Ratio Rank: 86
IEVL.L Omega Ratio Rank: 85
IEVL.L Calmar Ratio Rank: 77
IEVL.L Martin Ratio Rank: 78

MVEU.L

MVEU.L Risk / Return Rank: 31
MVEU.L Sharpe Ratio Rank: 33
MVEU.L Sortino Ratio Rank: 31
MVEU.L Omega Ratio Rank: 31
MVEU.L Calmar Ratio Rank: 30
MVEU.L Martin Ratio Rank: 32

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. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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	MVEU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.08	+1.40
Sortino ratio: Return per unit of downside risk	3.41	1.53	+1.88
Omega ratio: Gain probability vs. loss probability	1.45	1.19	+0.26
Calmar ratio: Return relative to maximum drawdown	3.52	1.33	+2.19
Martin ratio: Return relative to average drawdown	13.25	4.12	+9.13

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

The current IEVL.L Sharpe Ratio is 2.48, which is higher than the MVEU.L Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of IEVL.L and MVEU.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.

Drawdowns

IEVL.L vs. MVEU.L - Drawdown Comparison

The maximum IEVL.L drawdown since its inception was -40.09%, which is greater than MVEU.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for IEVL.L and MVEU.L.

Drawdown Indicators

	IEVL.L	MVEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.09%	-30.56%	-9.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-7.04%	-2.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-10.78%	-6.65%
Max Drawdown (5Y) Largest decline over 5 years	-19.55%	-19.51%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-40.09%	-30.56%	-9.53%
Current Drawdown Current decline from peak	-0.66%	-1.78%	+1.12%
Average Drawdown Average peak-to-trough decline	-7.46%	-4.55%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.28%	+0.33%

Volatility

IEVL.L vs. MVEU.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a higher volatility of 3.56% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.04%. This indicates that IEVL.L's price experiences larger fluctuations and is considered to be riskier than MVEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEVL.L	MVEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	2.04%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	6.98%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	8.67%	+5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	11.06%	+4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	12.27%	+5.12%

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

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

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IEVL.L and MVEU.L in my portfolio?

IEVL.L and MVEU.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEVL.L or MVEU.L?

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

Which ETF is cheaper, IEVL.L or MVEU.L?

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

What is the main difference between IEVL.L and MVEU.L?

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