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

IMV.L vs. IEVL.L

Last updated Jun 5, 2026

IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds from iShares - IMV.L tracks the MSCI Europe NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, IMV.L returned 7.68%/yr vs 11.78%/yr for IEVL.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

IMV.L vs. IEVL.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 Accumulating (IEVL.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 IEVL.L is traded in EUR. To make them comparable, the IEVL.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 IEVL.L's 13.11% return. Over the past 10 years, IMV.L has underperformed IEVL.L with an annualized return of 7.68%, while IEVL.L has yielded a comparatively higher 11.78% annualized 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%

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%-2.91%13.29%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between IMV.L and IEVL.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

0.70

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

0.68

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

0.71

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

0.73

The correlation between IMV.L and IEVL.L shifts across timeframes, from 0.63 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IMV.L
IEVL.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%
IEVL.L
22.6%

Industrials

IMV.L
15.4%
IEVL.L
17.0%

Consumer Defensive

IMV.L
13.1%
IEVL.L
8.6%

Healthcare

IMV.L
13.0%
IEVL.L
12.3%

Utilities

IMV.L
10.2%
IEVL.L
4.5%

Communication Services

IMV.L
9.6%
IEVL.L
3.7%

Energy

IMV.L
7.1%
IEVL.L
5.1%

Basic Materials

IMV.L
5.6%
IEVL.L
6.2%

Consumer Cyclical

IMV.L
3.6%
IEVL.L
6.2%

Technology

IMV.L
2.8%
IEVL.L
12.2%

Real Estate

IMV.L
1.6%
IEVL.L
0.6%

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iShares Edge MSCI Europe Min Volatility UCITS

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

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 IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

IMV.L vs. IEVL.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
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.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. IEVL.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 Accumulating (IEVL.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.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
0.91
2.68

-1.77

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

3.42

-2.45

Martin ratioReturn relative to average drawdown

2.92

12.70

-9.78

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. IEVL.L - Sharpe Ratio Comparison

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

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.91

2.68

-1.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.96

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.69

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.58

+0.14

Drawdowns

IMV.L vs. IEVL.L - Drawdown Comparison

The maximum IMV.L drawdown since its inception was -24.48%, smaller than the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for IMV.L and IEVL.L.

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Drawdown Indicators

IMV.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.48%

-34.82%

+10.34%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-10.59%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-8.50%

-16.33%

+7.83%

Max Drawdown (5Y)

Largest decline over 5 years

-17.42%

-16.48%

-0.94%

Max Drawdown (10Y)

Largest decline over 10 years

-24.48%

-34.82%

+10.34%

Current Drawdown

Current decline from peak

-4.62%

-0.82%

-3.80%

Average Drawdown

Average peak-to-trough decline

-3.57%

-6.05%

+2.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

2.86%

-0.03%

Volatility

IMV.L vs. IEVL.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 Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that IMV.L experiences smaller price fluctuations and is considered to be less risky than IEVL.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.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

4.85%

-1.96%

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%

13.52%

-4.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.97%

15.24%

-4.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.31%

17.13%

-4.82%

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

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

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

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

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