IMAE.AS vs. IEFV.L
IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - IMAE.AS tracks the MSCI Europe NR EUR while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, IMAE.AS returned 9.14%/yr vs 10.79%/yr for IEFV.L. Their correlation of 0.87 suggests significant overlap in exposure. IMAE.AS charges 0.20%/yr vs 0.25%/yr for IEFV.L.
Performance
IMAE.AS vs. IEFV.L - Performance Comparison
Loading charts...
Different Trading Currencies
IMAE.AS 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
In the year-to-date period, IMAE.AS achieves a 6.95% return, which is significantly lower than IEFV.L's 13.72% return. Over the past 10 years, IMAE.AS has underperformed IEFV.L with an annualized return of 9.14%, while IEFV.L has yielded a comparatively higher 10.79% annualized return.
IMAE.AS
- 1D
- -0.71%
- 1M
- 3.95%
- YTD
- 6.95%
- 6M
- 9.74%
- 1Y
- 16.05%
- 3Y*
- 13.28%
- 5Y*
- 9.84%
- 10Y*
- 9.14%
IEFV.L
- 1D
- -0.65%
- 1M
- 3.92%
- YTD
- 13.72%
- 6M
- 17.82%
- 1Y
- 33.08%
- 3Y*
- 21.41%
- 5Y*
- 14.44%
- 10Y*
- 10.79%
IMAE.AS vs. IEFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 6.95% | 19.74% | 8.89% | 15.99% | -9.31% | 25.66% | -3.06% | 25.45% | -9.65% | 10.15% |
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 13.72% | 34.79% | 10.49% | 13.77% | -3.76% | 26.29% | -8.97% | 23.07% | -13.74% | 9.78% |
Correlation
The correlation between IMAE.AS and IEFV.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.87 |
The correlation between IMAE.AS and IEFV.L has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IMAE.AS vs. IEFV.L — Risk / Return Rank
IMAE.AS
IEFV.L
IMAE.AS vs. IEFV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) 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.
| IMAE.AS | IEFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.35 | -1.68 |
| Martin ratioReturn relative to average drawdown | 6.19 | 12.37 | -6.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IMAE.AS | IEFV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.42 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.94 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.61 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.04 |
Drawdowns
IMAE.AS vs. IEFV.L - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, smaller than the maximum IEFV.L drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and IEFV.L.
Loading charts...
Drawdown Indicators
| IMAE.AS | IEFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -40.78% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -9.82% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -16.66% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -19.43% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -40.78% | +5.18% |
Current DrawdownCurrent decline from peak | -2.20% | -0.97% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -7.52% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.67% | -0.11% |
Volatility
IMAE.AS vs. IEFV.L - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.85% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) at 4.45%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than IEFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IMAE.AS | IEFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.45% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 10.78% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 13.61% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 15.44% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 17.61% | -2.07% |
IMAE.AS vs. IEFV.L - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than IEFV.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IMAE.AS vs. IEFV.L - Dividend Comparison
Neither IMAE.AS nor IEFV.L has paid dividends to shareholders.
Frequently Asked Questions
IMAE.AS and IEFV.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMAE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMAE.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for IEFV.L.
IMAE.AS tracks MSCI Europe NR EUR, while IEFV.L tracks MSCI Europe Value NR EUR. Their fees differ too: 0.20% for IMAE.AS and 0.25% for IEFV.L.
Find the right allocation for IMAE.AS and IEFV.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer