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ISF.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISF.L vs. MVEU.L

Last updated Jun 26, 2026

ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - ISF.L tracks the FTSE AllSh TR GBP while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, ISF.L returned 9.77%/yr vs 8.04%/yr for MVEU.L. A 0.75 correlation means they provide meaningful diversification when combined. ISF.L charges 0.07%/yr vs 0.25%/yr for MVEU.L.

Performance

ISF.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core FTSE 100 UCITS ETF (Dist) (ISF.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.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, ISF.L achieves a 7.91% return, which is significantly higher than MVEU.L's 6.38% return. Over the past 10 years, ISF.L has outperformed MVEU.L with an annualized return of 9.77%, while MVEU.L has yielded a comparatively lower 8.04% annualized return.

ISF.L

1D
0.83%
1M
0.48%
YTD
7.91%
6M
8.59%
1Y
24.32%
3Y*
16.21%
5Y*
12.02%
10Y*
9.77%

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		7.91%25.97%9.28%7.81%4.83%17.68%-11.67%17.11%-8.96%13.10%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.38%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between ISF.L and MVEU.L is 0.70, 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

0.70

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

0.73

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

0.71

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

0.73

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

0.75

The correlation between ISF.L and MVEU.L has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

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

Sectors
ISF.L
MVEU.L

Financial Services

25.3%
17.6%

Industrials

14.2%
15.6%

Healthcare

13.5%
12.3%

Consumer Defensive

12.8%
14.1%

Energy

10.9%
6.9%

Basic Materials

9.1%
5.1%

Consumer Cyclical

5.1%
3.6%

Utilities

4.9%
10.1%

Communication Services

2.6%
9.0%

Real Estate

0.9%
1.5%

Technology

0.8%
3.4%

Financial Services

ISF.L
25.3%
MVEU.L
17.6%

Industrials

ISF.L
14.2%
MVEU.L
15.6%

Healthcare

ISF.L
13.5%
MVEU.L
12.3%

Consumer Defensive

ISF.L
12.8%
MVEU.L
14.1%

Energy

ISF.L
10.9%
MVEU.L
6.9%

Basic Materials

ISF.L
9.1%
MVEU.L
5.1%

Consumer Cyclical

ISF.L
5.1%
MVEU.L
3.6%

Utilities

ISF.L
4.9%
MVEU.L
10.1%

Communication Services

ISF.L
2.6%
MVEU.L
9.0%

Real Estate

ISF.L
0.9%
MVEU.L
1.5%

Technology

ISF.L
0.8%
MVEU.L
3.4%

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iShares Core FTSE 100 UCITS ETF (Dist)

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

Often compared with ISF.L:
ISF.L vs. VUKE.LISF.L vs. HUKX.LISF.L vs. UKDV.LISF.L vs. XDAX.LISF.L vs. VUSA.ASISF.L vs. VOOISF.L vs. FEUI.L
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. PRUK.L

Return for Risk

ISF.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISF.L
ISF.L Risk / Return Rank: 7272
Overall Rank
ISF.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
ISF.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
ISF.L Omega Ratio Rank: 8080
Omega Ratio Rank
ISF.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
ISF.L Martin Ratio Rank: 5757
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE 100 UCITS ETF (Dist) (ISF.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.

ISF.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.20
1.33

+0.87

Sortino ratioReturn per unit of downside risk
3.06
1.84

+1.21

Omega ratioGain probability vs. loss probability

1.41

1.24

+0.17

Calmar ratioReturn relative to maximum drawdown

2.74

1.42

+1.33

Martin ratioReturn relative to average drawdown

8.85

4.19

+4.66

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

The current ISF.L Sharpe Ratio is 2.20, which is higher than the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of ISF.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.

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Drawdowns

ISF.L vs. MVEU.L - Drawdown Comparison

The maximum ISF.L drawdown since its inception was -45.00%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for ISF.L and MVEU.L.

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Drawdown Indicators

ISF.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.00%

-23.74%

-21.26%

Max Drawdown (1Y)

Largest decline over 1 year

-8.82%

-8.32%

-0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-12.69%

-8.32%

-4.37%

Max Drawdown (5Y)

Largest decline over 5 years

-12.69%

-17.42%

+4.73%

Max Drawdown (10Y)

Largest decline over 10 years

-34.13%

-23.74%

-10.39%

Current Drawdown

Current decline from peak

-2.28%

-3.10%

+0.82%

Average Drawdown

Average peak-to-trough decline

-6.45%

-3.52%

-2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.82%

-0.08%

Volatility

ISF.L vs. MVEU.L - Volatility Comparison

iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) has a higher volatility of 3.04% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that ISF.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.

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Volatility by Period

ISF.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

1.93%

+1.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.48%

7.32%

+2.16%

Volatility (1Y)

Calculated over the trailing 1-year period

11.02%

8.92%

+2.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.57%

11.28%

+1.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.75%

12.62%

+2.13%

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

ISF.L has a 0.07% expense ratio, which is lower than MVEU.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISF.L vs. MVEU.L - Dividend Comparison

ISF.L's dividend yield for the trailing twelve months is around 2.97%, while MVEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		2.97%3.01%3.71%3.86%3.75%3.76%3.11%4.47%4.44%3.96%3.79%4.12%
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%0.00%0.00%

Frequently Asked Questions

ISF.L and MVEU.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISF.L is cheaper with a 0.07% expense ratio, compared with 0.25% for MVEU.L.

ISF.L tracks FTSE AllSh TR GBP, while MVEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.07% for ISF.L and 0.25% for MVEU.L.

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