PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ISEU.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISEU.L vs. MVEU.L

Last updated Jul 16, 2026
Documentation

ISEU.L (iShares MSCI Europe UCITS Dist) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, ISEU.L returned 10.91%/yr vs 7.29%/yr for MVEU.L. A 0.79 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.25%/yr for MVEU.L.

Performance

ISEU.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe UCITS Dist (ISEU.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ISEU.L is traded in USD, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISEU.L achieves a 8.22% return, which is significantly higher than MVEU.L's 6.01% return. Over the past 10 years, ISEU.L has outperformed MVEU.L with an annualized return of 10.91%, while MVEU.L has yielded a comparatively lower 7.29% annualized return.

ISEU.L

1D
0.11%
1M
0.22%
6M
5.52%
YTD
8.22%
1Y
19.54%
3Y*
15.50%
5Y*
9.84%
10Y*
10.91%

MVEU.L

1D
0.43%
1M
0.43%
6M
4.87%
YTD
6.01%
1Y
10.16%
3Y*
12.67%
5Y*
6.40%
10Y*
7.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISEU.L vs. MVEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		8.22%35.20%2.21%19.49%-13.72%15.83%5.72%23.55%-14.36%26.22%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.01%26.66%4.87%14.16%-17.92%13.38%4.65%20.04%-8.31%24.96%

Correlation

The correlation between ISEU.L and MVEU.L is 0.72, 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

0.72

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

0.78

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

0.83

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

0.83

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.79

The correlation between ISEU.L and MVEU.L shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

ISEU.L vs. MVEU.L - Sectors Allocation Comparison

Sectors
ISEU.L
MVEU.L

Financial Services

23.3%
17.7%

Industrials

19.5%
15.6%

Healthcare

13.1%
12.8%

Technology

9.6%
3.5%

Consumer Defensive

8.3%
14.5%

Consumer Cyclical

6.5%
3.6%

Basic Materials

5.7%
5.2%

Energy

4.9%
6.6%

Utilities

4.7%
10.0%

Communication Services

3.8%
8.3%

Real Estate

0.8%
1.5%

Financial Services

ISEU.L
23.3%
MVEU.L
17.7%

Industrials

ISEU.L
19.5%
MVEU.L
15.6%

Healthcare

ISEU.L
13.1%
MVEU.L
12.8%

Technology

ISEU.L
9.6%
MVEU.L
3.5%

Consumer Defensive

ISEU.L
8.3%
MVEU.L
14.5%

Consumer Cyclical

ISEU.L
6.5%
MVEU.L
3.6%

Basic Materials

ISEU.L
5.7%
MVEU.L
5.2%

Energy

ISEU.L
4.9%
MVEU.L
6.6%

Utilities

ISEU.L
4.7%
MVEU.L
10.0%

Communication Services

ISEU.L
3.8%
MVEU.L
8.3%

Real Estate

ISEU.L
0.8%
MVEU.L
1.5%

Compare stocks, funds, or ETFs

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

iShares MSCI Europe UCITS Dist

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

Often compared with ISEU.L:
ISEU.L vs. ISX5.LISEU.L vs. EMMISEU.L vs. MJMT.DEISEU.L vs. CSPX.LISEU.L vs. VEUR.LISEU.L vs. QQQISEU.L vs. EWQ
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. CS1.LMVEU.L vs. EUHD.LMVEU.L vs. PRUK.LMVEU.L vs. CSP1.L

Return for Risk

ISEU.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISEU.L
ISEU.L Risk / Return Rank: 4343
Overall Rank
ISEU.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ISEU.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
ISEU.L Omega Ratio Rank: 4343
Omega Ratio Rank
ISEU.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
ISEU.L Martin Ratio Rank: 4545
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 4141
Overall Rank
MVEU.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 4343
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3939
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.

ISEU.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ISEU.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.27
0.93

+0.33

Sortino ratioReturn per unit of downside risk
1.88
1.33

+0.54

Omega ratioGain probability vs. loss probability

1.23

1.17

+0.06

Calmar ratioReturn relative to maximum drawdown

1.70

1.15

+0.55

Martin ratioReturn relative to average drawdown

6.04

3.07

+2.97

ISEU.L vs. MVEU.L - Sharpe Ratio Comparison

The current ISEU.L Sharpe Ratio is 1.27, which is higher than the MVEU.L Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of ISEU.L and MVEU.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...

Drawdowns

ISEU.L vs. MVEU.L - Drawdown Comparison

The maximum ISEU.L drawdown since its inception was -55.91%, which is greater than MVEU.L's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for ISEU.L and MVEU.L.

Loading charts...

Drawdown Indicators

ISEU.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-55.91%

-31.96%

-23.95%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-8.83%

-2.64%

Max Drawdown (3Y)

Largest decline over 3 years

-14.13%

-10.14%

-3.99%

Max Drawdown (5Y)

Largest decline over 5 years

-30.77%

-31.96%

+1.19%

Max Drawdown (10Y)

Largest decline over 10 years

-36.02%

-31.96%

-4.06%

Current Drawdown

Current decline from peak

-1.60%

-3.50%

+1.90%

Average Drawdown

Average peak-to-trough decline

-13.91%

-5.92%

-7.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

3.30%

-0.07%

Volatility

ISEU.L vs. MVEU.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (ISEU.L) has a higher volatility of 4.13% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 3.13%. This indicates that ISEU.L's price experiences larger fluctuations and is considered to be riskier than MVEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ISEU.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

3.13%

+1.00%

Volatility (6M)

Calculated over the trailing 6-month period

13.24%

8.87%

+4.37%

Volatility (1Y)

Calculated over the trailing 1-year period

15.40%

10.89%

+4.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.67%

14.39%

+3.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.43%

14.29%

+3.14%

ISEU.L vs. MVEU.L - Expense Ratio Comparison

ISEU.L has a 1.00% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

ISEU.L vs. MVEU.L - Dividend Comparison

ISEU.L's dividend yield for the trailing twelve months is around 2.50%, while MVEU.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		2.50%2.46%3.00%2.81%2.86%2.36%1.91%3.03%3.28%2.48%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISEU.L and MVEU.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MVEU.L is cheaper with a 0.25% expense ratio, compared with 1.00% for ISEU.L.

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 1.00% for ISEU.L and 0.25% for MVEU.L.

Portfolio Optimizer

Find the right allocation for ISEU.L and MVEU.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