PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IMV.L vs. IEFM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMV.L vs. IEFM.L

Last updated Jun 9, 2026

IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - IMV.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, IMV.L returned 7.90%/yr vs 12.57%/yr for IEFM.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IMV.L vs. IEFM.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 Momentum Factor UCITS ETF (IEFM.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IMV.L achieves a 4.89% return, which is significantly lower than IEFM.L's 6.32% return. Over the past 10 years, IMV.L has underperformed IEFM.L with an annualized return of 7.90%, while IEFM.L has yielded a comparatively higher 12.57% annualized return.

IMV.L

1D
0.02%
1M
1.95%
YTD
4.89%
6M
6.62%
1Y
8.27%
3Y*
11.14%
5Y*
7.27%
10Y*
7.90%

IEFM.L

1D
0.21%
1M
2.16%
YTD
6.32%
6M
9.51%
1Y
19.03%
3Y*
20.47%
5Y*
11.30%
10Y*
12.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.89%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		6.32%33.05%15.03%10.37%-9.80%14.07%17.04%23.39%-9.34%15.91%

Correlation

The correlation between IMV.L and IEFM.L is 0.52, 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

0.52

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

0.69

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

0.74

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

0.82

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.84

Over the past year, the correlation between IMV.L and IEFM.L has dropped to 0.52 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

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

Sectors
IMV.L
IEFM.L

Financial Services

17.3%
23.8%

Industrials

15.4%
15.0%

Consumer Defensive

13.9%
2.9%

Healthcare

12.4%
15.7%

Utilities

9.8%
11.9%

Communication Services

9.4%
2.8%

Energy

7.4%
10.3%

Basic Materials

5.1%
7.6%

Technology

3.5%
9.2%

Consumer Cyclical

3.4%
0.5%

Real Estate

1.5%
0.4%

Financial Services

IMV.L
17.3%
IEFM.L
23.8%

Industrials

IMV.L
15.4%
IEFM.L
15.0%

Consumer Defensive

IMV.L
13.9%
IEFM.L
2.9%

Healthcare

IMV.L
12.4%
IEFM.L
15.7%

Utilities

IMV.L
9.8%
IEFM.L
11.9%

Communication Services

IMV.L
9.4%
IEFM.L
2.8%

Energy

IMV.L
7.4%
IEFM.L
10.3%

Basic Materials

IMV.L
5.1%
IEFM.L
7.6%

Technology

IMV.L
3.5%
IEFM.L
9.2%

Consumer Cyclical

IMV.L
3.4%
IEFM.L
0.5%

Real Estate

IMV.L
1.5%
IEFM.L
0.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI Europe Min Volatility UCITS

iShares Edge MSCI Europe Momentum Factor UCITS ETF

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 IEFM.L:
IEFM.L vs. MTUMIEFM.L vs. VUKE.DEIEFM.L vs. CEMR.DEIEFM.L vs. EXO.ASIEFM.L vs. SPYF.DEIEFM.L vs. QDVX.DEIEFM.L vs. ESIF.L

Return for Risk

IMV.L vs. IEFM.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: 2626
Overall Rank
IMV.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2828
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2424
Martin Ratio Rank
IEFM.L
IEFM.L Risk / Return Rank: 3737
Overall Rank
IEFM.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IEFM.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
IEFM.L Omega Ratio Rank: 3737
Omega Ratio Rank
IEFM.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
IEFM.L Martin Ratio Rank: 4040
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. IEFM.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 Momentum Factor UCITS ETF (IEFM.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.LIEFM.LDifference
Sharpe ratioReturn per unit of total volatility
0.90
1.18

-0.28

Sortino ratioReturn per unit of downside risk
1.27
1.78

-0.51

Omega ratioGain probability vs. loss probability

1.17

1.22

-0.05

Calmar ratioReturn relative to maximum drawdown

0.97

1.57

-0.60

Martin ratioReturn relative to average drawdown

2.88

5.80

-2.92

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. IEFM.L - Sharpe Ratio Comparison

The current IMV.L Sharpe Ratio is 0.90, which is comparable to the IEFM.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of IMV.L and IEFM.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.

Loading charts...

Sharpe Ratios by Period

IMV.LIEFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.90

1.18

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.72

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.79

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.71

-0.18

Drawdowns

IMV.L vs. IEFM.L - Drawdown Comparison

The maximum IMV.L drawdown since its inception was -24.48%, roughly equal to the maximum IEFM.L drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for IMV.L and IEFM.L.

Loading charts...

Drawdown Indicators

IMV.LIEFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.48%

-23.88%

-0.60%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-12.05%

+3.55%

Max Drawdown (3Y)

Largest decline over 3 years

-8.50%

-12.95%

+4.45%

Max Drawdown (5Y)

Largest decline over 5 years

-17.42%

-21.33%

+3.91%

Max Drawdown (10Y)

Largest decline over 10 years

-24.48%

-23.88%

-0.60%

Current Drawdown

Current decline from peak

-4.46%

-2.17%

-2.29%

Average Drawdown

Average peak-to-trough decline

-4.02%

-5.04%

+1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

3.27%

-0.41%

Volatility

IMV.L vs. IEFM.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) is 2.05%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a volatility of 3.42%. This indicates that IMV.L experiences smaller price fluctuations and is considered to be less risky than IEFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IMV.LIEFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.05%

3.42%

-1.37%

Volatility (6M)

Calculated over the trailing 6-month period

7.67%

13.84%

-6.17%

Volatility (1Y)

Calculated over the trailing 1-year period

9.13%

16.06%

-6.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.97%

15.62%

-4.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.31%

15.94%

-3.63%

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

Both IMV.L and IEFM.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. IEFM.L - Dividend Comparison

Neither IMV.L nor IEFM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IMV.L and IEFM.L have a correlation of 0.52, 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 IEFM.L have the same expense ratio: 0.25% per year.

IMV.L is categorized as Europe Equities, while IEFM.L is Momentum. IMV.L tracks MSCI Europe NR EUR, while IEFM.L tracks MSCI Europe Momentum Index.

Portfolio Optimizer

Find the right allocation for IMV.L and IEFM.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