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

IMV.L vs. IEDL.L

Last updated Jun 5, 2026

IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IMV.L tracks the MSCI Europe NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, IMV.L returned 7.54%/yr vs 14.62%/yr for IEDL.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

IMV.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Min Volatility UCITS (IMV.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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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IMV.L achieves a 4.72% return, which is significantly lower than IEDL.L's 13.19% return.

IMV.L

1D
0.51%
1M
1.21%
YTD
4.72%
6M
5.90%
1Y
8.30%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%

IEDL.L

1D
0.03%
1M
4.86%
YTD
13.19%
6M
15.86%
1Y
36.33%
3Y*
21.75%
5Y*
14.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%0.22%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		13.19%42.22%5.44%11.24%1.22%19.20%-3.60%14.87%-10.37%

Correlation

The correlation between IMV.L and IEDL.L is 0.63, 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

0.63

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

0.69

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

0.68

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

0.71

The correlation between IMV.L and IEDL.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

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

Sectors
IMV.L
IEDL.L

Financial Services

17.9%
22.6%

Industrials

15.4%
17.0%

Consumer Defensive

13.1%
8.6%

Healthcare

13.0%
12.3%

Utilities

10.2%
4.5%

Communication Services

9.6%
3.7%

Energy

7.1%
5.1%

Basic Materials

5.6%
6.2%

Consumer Cyclical

3.6%
6.2%

Technology

2.8%
12.2%

Real Estate

1.6%
0.6%

Financial Services

IMV.L
17.9%
IEDL.L
22.6%

Industrials

IMV.L
15.4%
IEDL.L
17.0%

Consumer Defensive

IMV.L
13.1%
IEDL.L
8.6%

Healthcare

IMV.L
13.0%
IEDL.L
12.3%

Utilities

IMV.L
10.2%
IEDL.L
4.5%

Communication Services

IMV.L
9.6%
IEDL.L
3.7%

Energy

IMV.L
7.1%
IEDL.L
5.1%

Basic Materials

IMV.L
5.6%
IEDL.L
6.2%

Consumer Cyclical

IMV.L
3.6%
IEDL.L
6.2%

Technology

IMV.L
2.8%
IEDL.L
12.2%

Real Estate

IMV.L
1.6%
IEDL.L
0.6%

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iShares Edge MSCI Europe Min Volatility UCITS

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

Often compared with IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L
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

IMV.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
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.

IMV.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Min Volatility UCITS (IMV.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.

IMV.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
0.91
2.68

-1.78

Sortino ratioReturn per unit of downside risk
1.27
3.61

-2.33

Omega ratioGain probability vs. loss probability

1.17

1.48

-0.31

Calmar ratioReturn relative to maximum drawdown

0.97

3.43

-2.46

Martin ratioReturn relative to average drawdown

2.92

12.68

-9.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMV.L vs. IEDL.L - Sharpe Ratio Comparison

The current IMV.L Sharpe Ratio is 0.91, which is lower than the IEDL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of IMV.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

IMV.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.91

2.68

-1.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.95

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.59

+0.12

Drawdowns

IMV.L vs. IEDL.L - Drawdown Comparison

The maximum IMV.L drawdown since its inception was -24.48%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for IMV.L and IEDL.L.

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Drawdown Indicators

IMV.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.48%

-34.37%

+9.89%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-10.54%

+2.04%

Max Drawdown (3Y)

Largest decline over 3 years

-8.50%

-16.23%

+7.73%

Max Drawdown (5Y)

Largest decline over 5 years

-17.42%

-16.28%

-1.14%

Max Drawdown (10Y)

Largest decline over 10 years

-24.48%

—

—

Current Drawdown

Current decline from peak

-4.62%

-0.80%

-3.82%

Average Drawdown

Average peak-to-trough decline

-3.57%

-5.72%

+2.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

2.86%

-0.03%

Volatility

IMV.L vs. IEDL.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) is 2.89%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.75%. This indicates that IMV.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMV.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

4.75%

-1.86%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

11.06%

-3.35%

Volatility (1Y)

Calculated over the trailing 1-year period

9.13%

13.48%

-4.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.97%

15.30%

-4.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.31%

17.59%

-5.28%

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

Both IMV.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

IMV.L vs. IEDL.L - Dividend Comparison

IMV.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%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IMV.L and IEDL.L have a correlation of 0.63, 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.

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

IMV.L tracks MSCI Europe NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR.

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