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

IMV.L vs. MVED.L

Last updated Jun 5, 2026

IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and BlackRock respectively. Both are passively managed. Over the past 5 years, IMV.L returned 7.54%/yr vs 6.21%/yr for MVED.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

IMV.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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 MVED.L is traded in EUR. To make them comparable, the MVED.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 higher than MVED.L's 3.88% 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%

MVED.L

1D
0.45%
1M
0.80%
YTD
3.88%
6M
4.77%
1Y
5.26%
3Y*
8.28%
5Y*
6.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMV.L vs. MVED.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%0.40%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		3.88%14.60%3.94%8.51%-8.08%14.30%1.58%15.71%0.07%

Correlation

The correlation between IMV.L and MVED.L is 0.91, 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

0.91

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

0.94

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

0.94

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.94

The correlation between IMV.L and MVED.L has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

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

Sectors
IMV.L
MVED.L

Financial Services

17.9%
17.8%

Industrials

15.4%
15.7%

Consumer Defensive

13.1%
13.2%

Healthcare

13.0%
13.1%

Utilities

10.2%
10.1%

Communication Services

9.6%
9.5%

Energy

7.1%
6.9%

Basic Materials

5.6%
5.7%

Consumer Cyclical

3.6%
3.7%

Technology

2.8%
2.8%

Real Estate

1.6%
1.6%

Financial Services

IMV.L
17.9%
MVED.L
17.8%

Industrials

IMV.L
15.4%
MVED.L
15.7%

Consumer Defensive

IMV.L
13.1%
MVED.L
13.2%

Healthcare

IMV.L
13.0%
MVED.L
13.1%

Utilities

IMV.L
10.2%
MVED.L
10.1%

Communication Services

IMV.L
9.6%
MVED.L
9.5%

Energy

IMV.L
7.1%
MVED.L
6.9%

Basic Materials

IMV.L
5.6%
MVED.L
5.7%

Consumer Cyclical

IMV.L
3.6%
MVED.L
3.7%

Technology

IMV.L
2.8%
MVED.L
2.8%

Real Estate

IMV.L
1.6%
MVED.L
1.6%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Min Volatility UCITS

iShares Edge MSCI Europe Minimum Volatility 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 MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. OPEN.LMVED.L vs. PRUK.LMVED.L vs. WDEP.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

IMV.L vs. MVED.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
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
0.91
0.57

+0.33

Sortino ratioReturn per unit of downside risk
1.27
0.83

+0.45

Omega ratioGain probability vs. loss probability

1.17

1.11

+0.06

Calmar ratioReturn relative to maximum drawdown

0.97

0.63

+0.34

Martin ratioReturn relative to average drawdown

2.92

1.79

+1.14

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. MVED.L - Sharpe Ratio Comparison

The current IMV.L Sharpe Ratio is 0.91, which is higher than the MVED.L Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of IMV.L and MVED.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.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.91

0.57

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.55

+0.14

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

0.49

+0.22

Drawdowns

IMV.L vs. MVED.L - Drawdown Comparison

The maximum IMV.L drawdown since its inception was -24.48%, roughly equal to the maximum MVED.L drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for IMV.L and MVED.L.

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Drawdown Indicators

IMV.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.48%

-24.31%

-0.17%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-8.28%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-8.50%

-8.28%

-0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-17.42%

-17.36%

-0.06%

Max Drawdown (10Y)

Largest decline over 10 years

-24.48%

—

—

Current Drawdown

Current decline from peak

-4.62%

-5.32%

+0.70%

Average Drawdown

Average peak-to-trough decline

-3.57%

-4.10%

+0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

2.94%

-0.11%

Volatility

IMV.L vs. MVED.L - Volatility Comparison

iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) have volatilities of 2.89% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMV.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

2.98%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

7.68%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

9.13%

9.18%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.97%

11.29%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.31%

12.95%

-0.64%

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

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

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

PositionTTM20252024202320222021202020192018
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%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%

Frequently Asked Questions

With a correlation of 0.91, IMV.L and MVED.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 MVED.L have the same expense ratio: 0.25% per year.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and BlackRock.

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