ISFD.L vs. MIVO.L

Last updated Jul 22, 2026

ISFD.L (iShares Core FTSE 100 UCITS ETF USD Hedged (Acc)) and MIVO.L (Amundi MSCI Europe Minimum Volatility UCITS) are both Europe Equities funds - ISFD.L tracks the FTSE 100 Index while MIVO.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, ISFD.L returned 13.12%/yr vs 6.22%/yr for MIVO.L. A 0.60 correlation means they provide meaningful diversification when combined. ISFD.L charges 0.20%/yr vs 0.13%/yr for MIVO.L.

Performance

ISFD.L vs. MIVO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core FTSE 100 UCITS ETF USD Hedged (Acc) (ISFD.L) and Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ISFD.L is traded in USD, while MIVO.L is traded in GBp. To make them comparable, the MIVO.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISFD.L achieves a 8.60% return, which is significantly higher than MIVO.L's 5.45% return.

ISFD.L

• 1D: 0.69%
• 1M: 2.51%
• 6M: 6.34%
• YTD: 8.60%
• 1Y: 20.92%
• 3Y*: 15.50%
• 5Y*: 13.12%
• 10Y*: —
• ALL TIME*: 8.55%

MIVO.L

• 1D: -0.49%
• 1M: 2.19%
• 6M: 5.28%
• YTD: 5.45%
• 1Y: 8.50%
• 3Y*: 12.19%
• 5Y*: 6.22%
• 10Y*: 5.28%
• ALL TIME*: 4.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISFD.L vs. MIVO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISFD.L iShares Core FTSE 100 UCITS ETF USD Hedged (Acc)	8.60%	25.94%	9.52%	8.45%	5.93%	17.43%	-11.32%	19.80%	-6.68%	2.38%
MIVO.L Amundi MSCI Europe Minimum Volatility UCITS	5.45%	26.41%	4.73%	14.22%	-17.79%	12.40%	4.49%	21.03%	-18.77%	1.62%

Correlation

The correlation between ISFD.L and MIVO.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017	0.60

The correlation between ISFD.L and MIVO.L has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.

ISFD.L vs. MIVO.L - Sectors Allocation Comparison

Sectors	ISFD.L	MIVO.L
Financial Services	26.0%	17.5%
Consumer Defensive	14.3%	14.6%
Industrials	13.8%	16.4%
Healthcare	13.7%	12.9%
Energy	9.9%	8.4%
Basic Materials	8.0%	3.6%
Consumer Cyclical	5.1%	3.1%
Utilities	4.9%	10.3%
Communication Services	2.3%	8.6%
Real Estate	1.0%	1.5%
Technology	0.9%	3.2%

Return for Risk

ISFD.L vs. MIVO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISFD.L

ISFD.L Risk / Return Rank: 70
ISFD.L Sharpe Ratio Rank: 76
ISFD.L Sortino Ratio Rank: 76
ISFD.L Omega Ratio Rank: 78
ISFD.L Calmar Ratio Rank: 63
ISFD.L Martin Ratio Rank: 57

MIVO.L

MIVO.L Risk / Return Rank: 31
MIVO.L Sharpe Ratio Rank: 34
MIVO.L Sortino Ratio Rank: 32
MIVO.L Omega Ratio Rank: 34
MIVO.L Calmar Ratio Rank: 29
MIVO.L Martin Ratio Rank: 28

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.

ISFD.L vs. MIVO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE 100 UCITS ETF USD Hedged (Acc) (ISFD.L) and Amundi MSCI Europe Minimum Volatility UCITS (MIVO.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.

	ISFD.L	MIVO.L	Difference
Sharpe ratio: Return per unit of total volatility	1.86	0.81	+1.04
Sortino ratio: Return per unit of downside risk	2.61	1.18	+1.43
Omega ratio: Gain probability vs. loss probability	1.35	1.15	+0.19
Calmar ratio: Return relative to maximum drawdown	2.35	0.99	+1.37
Martin ratio: Return relative to average drawdown	7.41	2.55	+4.87

ISFD.L vs. MIVO.L - Sharpe Ratio Comparison

The current ISFD.L Sharpe Ratio is 1.86, which is higher than the MIVO.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ISFD.L and MIVO.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.

Drawdowns

ISFD.L vs. MIVO.L - Drawdown Comparison

The maximum ISFD.L drawdown since its inception was -33.97%, smaller than the maximum MIVO.L drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for ISFD.L and MIVO.L.

Drawdown Indicators

	ISFD.L	MIVO.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-38.21%	+4.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-9.04%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-12.64%	-10.08%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-12.64%	-32.47%	+19.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.41%	—
Current Drawdown Current decline from peak	-1.63%	-4.02%	+2.39%
Average Drawdown Average peak-to-trough decline	-4.60%	-11.81%	+7.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.50%	-0.68%

Volatility

ISFD.L vs. MIVO.L - Volatility Comparison

iShares Core FTSE 100 UCITS ETF USD Hedged (Acc) (ISFD.L) and Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) have volatilities of 2.92% and 2.88%, 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.

Volatility by Period

	ISFD.L	MIVO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.88%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	9.11%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	10.95%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	14.31%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	15.13%	+0.48%

ISFD.L vs. MIVO.L - Expense Ratio Comparison

ISFD.L has a 0.20% expense ratio, which is higher than MIVO.L's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISFD.L vs. MIVO.L - Dividend Comparison

Neither ISFD.L nor MIVO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ISFD.L and MIVO.L in my portfolio?

ISFD.L and MIVO.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISFD.L or MIVO.L?

On fees, MIVO.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISFD.L or MIVO.L?

MIVO.L is cheaper with a 0.13% expense ratio, compared with 0.20% for ISFD.L.

What is the main difference between ISFD.L and MIVO.L?

ISFD.L tracks FTSE 100 Index, while MIVO.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for ISFD.L and 0.13% for MIVO.L.