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IUVD.L vs. IESE.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUVD.L vs. IESE.AS

Last updated Jun 5, 2026

IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and IESE.AS (iShares MSCI Europe SRI UCITS ETF EUR (Acc)) are both exchange-traded funds - IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while IESE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, IUVD.L returned 15.73%/yr vs 4.41%/yr for IESE.AS. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IUVD.L vs. IESE.AS - 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 MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUVD.L is traded in USD, while IESE.AS is traded in EUR. To make them comparable, the IESE.AS 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 IESE.AS's 5.95% 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*
—

IESE.AS

1D
0.97%
1M
2.90%
YTD
5.95%
6M
8.18%
1Y
7.20%
3Y*
9.94%
5Y*
4.41%
10Y*
8.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUVD.L vs. IESE.AS - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
IESE.AS
iShares MSCI Europe SRI UCITS ETF EUR (Acc)		5.95%16.15%-0.13%20.06%-19.99%18.59%12.93%26.53%-11.46%

Correlation

The correlation between IUVD.L and IESE.AS is 0.57, 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

0.58

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

0.57

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

0.63

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2018

0.65

The correlation between IUVD.L and IESE.AS has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

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iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)

iShares MSCI Europe SRI UCITS ETF EUR (Acc)

Often compared with IUVD.L:
IUVD.L vs. IWVG.LIUVD.L vs. UVAL.LIUVD.L vs. VTVIUVD.L vs. IEAA.LIUVD.L vs. EHF1.DEIUVD.L vs. IESG.LIUVD.L vs. FXC.AS
Often compared with IESE.AS:
IESE.AS vs. EUEA.ASIESE.AS vs. VWCE.DEIESE.AS vs. 2B7K.DEIESE.AS vs. EUMD.LIESE.AS vs. VTIESE.AS vs. IWDA.ASIESE.AS vs. VGEU.DE

Return for Risk

IUVD.L vs. IESE.AS — 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: 9797
Overall Rank
IUVD.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVD.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVD.L Omega Ratio Rank: 9797
Omega Ratio Rank
IUVD.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IUVD.L Martin Ratio Rank: 9797
Martin Ratio Rank
IESE.AS
IESE.AS Risk / Return Rank: 1515
Overall Rank
IESE.AS Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
IESE.AS Sortino Ratio Rank: 1515
Sortino Ratio Rank
IESE.AS Omega Ratio Rank: 1515
Omega Ratio Rank
IESE.AS Calmar Ratio Rank: 1616
Calmar Ratio Rank
IESE.AS Martin Ratio Rank: 1616
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.

IUVD.L vs. IESE.AS - 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 MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS). 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.LIESE.ASDifference
Sharpe ratioReturn per unit of total volatility
5.38
0.47

+4.92

Sortino ratioReturn per unit of downside risk
7.24
0.77

+6.46

Omega ratioGain probability vs. loss probability

1.92

1.09

+0.83

Calmar ratioReturn relative to maximum drawdown

10.77

0.57

+10.20

Martin ratioReturn relative to average drawdown

44.44

1.88

+42.57

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. IESE.AS - Sharpe Ratio Comparison

The current IUVD.L Sharpe Ratio is 5.38, which is higher than the IESE.AS Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of IUVD.L and IESE.AS, 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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Sharpe Ratios by Period

IUVD.LIESE.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.38

0.47

+4.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.25

+0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.36

+0.32

Drawdowns

IUVD.L vs. IESE.AS - Drawdown Comparison

The maximum IUVD.L drawdown since its inception was -39.67%, which is greater than IESE.AS's maximum drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for IUVD.L and IESE.AS.

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Drawdown Indicators

IUVD.LIESE.ASDifference

Max Drawdown

Largest peak-to-trough decline

-39.67%

-35.28%

-4.39%

Max Drawdown (1Y)

Largest decline over 1 year

-8.23%

-12.38%

+4.15%

Max Drawdown (3Y)

Largest decline over 3 years

-18.73%

-17.72%

-1.01%

Max Drawdown (5Y)

Largest decline over 5 years

-26.77%

-35.28%

+8.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.28%

—

Current Drawdown

Current decline from peak

-1.03%

-1.31%

+0.28%

Average Drawdown

Average peak-to-trough decline

-8.12%

-8.35%

+0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

3.81%

-1.81%

Volatility

IUVD.L vs. IESE.AS - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.63% compared to iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) at 4.97%. This indicates that IUVD.L's price experiences larger fluctuations and is considered to be riskier than IESE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUVD.LIESE.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.63%

4.97%

+2.66%

Volatility (6M)

Calculated over the trailing 6-month period

13.26%

12.42%

+0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

16.48%

15.24%

+1.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.72%

17.68%

+0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.84%

17.53%

+2.31%

IUVD.L vs. IESE.AS - Expense Ratio Comparison

Both IUVD.L and IESE.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUVD.L vs. IESE.AS - Dividend Comparison

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

PositionTTM20252024202320222021202020192018
IESE.AS
iShares MSCI Europe SRI UCITS ETF EUR (Acc)		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

IUVD.L and IESE.AS have a correlation of 0.57, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IUVD.L and IESE.AS have the same expense ratio: 0.20% per year.

IUVD.L is categorized as Large Cap Value Equities, while IESE.AS is Europe Equities. IUVD.L tracks Russell 1000 Value TR USD, while IESE.AS tracks MSCI Europe NR EUR.

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