IUVD.L vs. IEFM.L

Last updated Jun 5, 2026

IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, IUVD.L returned 15.73%/yr vs 10.32%/yr for IEFM.L. A 0.57 correlation means they provide meaningful diversification when combined. IUVD.L charges 0.20%/yr vs 0.25%/yr for IEFM.L.

Performance

IUVD.L vs. IEFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUVD.L achieves a 46.43% return, which is significantly higher than IEFM.L's 6.65% return.

IUVD.L

• 1D: -0.99%
• 1M: 15.70%
• YTD: 46.43%
• 6M: 50.36%
• 1Y: 89.18%
• 3Y*: 33.45%
• 5Y*: 15.73%
• 10Y*: —

IEFM.L

• 1D: -0.12%
• 1M: 2.09%
• YTD: 6.65%
• 6M: 11.05%
• 1Y: 19.46%
• 3Y*: 23.40%
• 5Y*: 10.32%
• 10Y*: 11.59%

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

IUVD.L vs. IEFM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	46.43%	33.00%	6.51%	14.55%	-14.85%	29.63%	-1.41%	25.64%	-11.85%
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF	6.65%	43.09%	13.12%	16.19%	-19.44%	13.04%	20.63%	28.34%	-16.55%

Correlation

The correlation between IUVD.L and IEFM.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018	0.57

The correlation between IUVD.L and IEFM.L shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

IUVD.L vs. IEFM.L - Sectors Allocation Comparison

Sectors	IUVD.L	IEFM.L
Technology	44.9%	8.4%
Financial Services	10.4%	23.3%
Healthcare	8.4%	16.0%
Communication Services	8.3%	3.0%
Consumer Cyclical	8.3%	0.5%
Industrials	7.3%	14.8%
Consumer Defensive	4.0%	3.1%
Energy	3.2%	11.2%
Utilities	1.9%	12.2%
Real Estate	1.8%	0.4%
Basic Materials	1.6%	7.3%

Return for Risk

IUVD.L vs. IEFM.L — Risk / Return Rank

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

IUVD.L

IUVD.L Risk / Return Rank: 97
IUVD.L Sharpe Ratio Rank: 98
IUVD.L Sortino Ratio Rank: 98
IUVD.L Omega Ratio Rank: 97
IUVD.L Calmar Ratio Rank: 97
IUVD.L Martin Ratio Rank: 97

IEFM.L

IEFM.L Risk / Return Rank: 28
IEFM.L Sharpe Ratio Rank: 24
IEFM.L Sortino Ratio Rank: 25
IEFM.L Omega Ratio Rank: 35
IEFM.L Calmar Ratio Rank: 30
IEFM.L Martin Ratio Rank: 26

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.

IUVD.L vs. IEFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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.

	IUVD.L	IEFM.L	Difference
Sharpe ratio: Return per unit of total volatility	5.38	0.74	+4.65
Sortino ratio: Return per unit of downside risk	7.24	1.25	+5.99
Omega ratio: Gain probability vs. loss probability	1.92	1.20	+0.73
Calmar ratio: Return relative to maximum drawdown	10.77	1.26	+9.51
Martin ratio: Return relative to average drawdown	44.44	3.18	+41.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUVD.L vs. IEFM.L - Sharpe Ratio Comparison

The current IUVD.L Sharpe Ratio is 5.38, which is higher than the IEFM.L Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of IUVD.L and IEFM.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.

Sharpe Ratios by Period

	IUVD.L	IEFM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.38	0.74	+4.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.50	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.55	+0.14

Drawdowns

IUVD.L vs. IEFM.L - Drawdown Comparison

The maximum IUVD.L drawdown since its inception was -39.67%, which is greater than IEFM.L's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for IUVD.L and IEFM.L.

Drawdown Indicators

	IUVD.L	IEFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.67%	-35.97%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	-15.37%	+7.14%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	-15.37%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	-35.97%	+9.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.97%	—
Current Drawdown Current decline from peak	-1.03%	-2.51%	+1.48%
Average Drawdown Average peak-to-trough decline	-8.12%	-7.82%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	6.11%	-4.11%

Volatility

IUVD.L vs. IEFM.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.63% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) at 4.87%. This indicates that IUVD.L's price experiences larger fluctuations and is considered to be riskier than IEFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUVD.L	IEFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	4.87%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	15.81%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	26.32%	-9.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	20.65%	-2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	19.18%	+0.66%

IUVD.L vs. IEFM.L - Expense Ratio Comparison

IUVD.L has a 0.20% expense ratio, which is lower than IEFM.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

IUVD.L vs. IEFM.L - Dividend Comparison

IUVD.L's dividend yield for the trailing twelve months is around 1.12%, while IEFM.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	1.12%	1.64%	2.24%	2.27%	2.61%	1.85%	2.26%	2.26%	1.73%

Frequently Asked Questions

Can I hold both IUVD.L and IEFM.L in my portfolio?

IUVD.L and IEFM.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUVD.L or IEFM.L?

On fees, IUVD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUVD.L or IEFM.L?

IUVD.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IEFM.L.

What is the main difference between IUVD.L and IEFM.L?

IUVD.L is categorized as Large Cap Value Equities, while IEFM.L is Momentum. IUVD.L tracks Russell 1000 Value TR USD, while IEFM.L tracks MSCI Europe Momentum Index. Their fees differ too: 0.20% for IUVD.L and 0.25% for IEFM.L.