IMV.L vs. UBUT.DE
IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) are both exchange-traded funds - IMV.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while UBUT.DE is a Large Cap Blend Equities fund tracking the MSCI USA Quality. Both are passively managed. Over the past 10 years, IMV.L returned 7.90%/yr vs 17.02%/yr for UBUT.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IMV.L vs. UBUT.DE - Performance Comparison
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Different Trading Currencies
IMV.L is traded in GBp, while UBUT.DE is traded in EUR. To make them comparable, the UBUT.DE 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 4.89% return, which is significantly lower than UBUT.DE's 9.60% return. Over the past 10 years, IMV.L has underperformed UBUT.DE with an annualized return of 7.90%, while UBUT.DE has yielded a comparatively higher 17.02% 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%
UBUT.DE
- 1D
- 0.00%
- 1M
- 4.24%
- YTD
- 9.60%
- 6M
- 10.01%
- 1Y
- 28.42%
- 3Y*
- 18.84%
- 5Y*
- 14.45%
- 10Y*
- 17.02%
IMV.L vs. UBUT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 9.60% | 10.40% | 22.64% | 28.96% | -15.01% | 29.89% | 16.82% | 34.12% | 2.53% | 14.66% |
Correlation
The correlation between IMV.L and UBUT.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2015 | 0.54 |
Over the past year, the correlation between IMV.L and UBUT.DE has dropped to 0.27 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
IMV.L vs. UBUT.DE — Risk / Return Rank
IMV.L
UBUT.DE
IMV.L vs. UBUT.DE - 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 UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE). 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.L | UBUT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.15 | -2.18 |
| Martin ratioReturn relative to average drawdown | 2.88 | 11.19 | -8.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMV.L | UBUT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.24 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.88 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 1.00 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.02 | -0.48 |
Drawdowns
IMV.L vs. UBUT.DE - Drawdown Comparison
The maximum IMV.L drawdown since its inception was -24.48%, roughly equal to the maximum UBUT.DE drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for IMV.L and UBUT.DE.
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Drawdown Indicators
| IMV.L | UBUT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -24.02% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -9.04% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -24.02% | +15.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.42% | -24.02% | +6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | -24.02% | -0.46% |
Current DrawdownCurrent decline from peak | -4.46% | -0.58% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -4.09% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.55% | +0.31% |
Volatility
IMV.L vs. UBUT.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) is 2.05%, while UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a volatility of 3.82%. This indicates that IMV.L experiences smaller price fluctuations and is considered to be less risky than UBUT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMV.L | UBUT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 3.82% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 8.81% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 12.69% | -3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 16.33% | -5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 16.97% | -4.66% |
IMV.L vs. UBUT.DE - Expense Ratio Comparison
Both IMV.L and UBUT.DE 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. UBUT.DE - Dividend Comparison
IMV.L has not paid dividends to shareholders, while UBUT.DE's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.41% | 0.47% | 0.65% | 0.84% | 0.84% | 0.74% | 1.00% | 0.74% | 1.28% | 0.95% | 1.06% |
Frequently Asked Questions
IMV.L and UBUT.DE have a correlation of 0.27, 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 UBUT.DE have the same expense ratio: 0.25% per year.
IMV.L is categorized as Europe Equities, while UBUT.DE is Large Cap Blend Equities. IMV.L tracks MSCI Europe NR EUR, while UBUT.DE tracks MSCI USA Quality. They also come from different issuers: iShares and UBS.
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