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L6EW.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

L6EW.L vs. IEVL.L

Last updated Jun 5, 2026

L6EW.L (Ossiam Stoxx Europe 600 Equal Weight NR UCITS) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - L6EW.L tracks the MSCI Europe NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, L6EW.L returned 8.40%/yr vs 11.78%/yr for IEVL.L. Their correlation of 0.87 suggests significant overlap in exposure. L6EW.L charges 0.35%/yr vs 0.25%/yr for IEVL.L.

Performance

L6EW.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

L6EW.L is traded in GBp, while IEVL.L is traded in EUR. To make them comparable, the IEVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, L6EW.L achieves a 4.68% return, which is significantly lower than IEVL.L's 13.11% return. Over the past 10 years, L6EW.L has underperformed IEVL.L with an annualized return of 8.40%, while IEVL.L has yielded a comparatively higher 11.78% annualized return.

L6EW.L

1D
0.54%
1M
2.62%
YTD
4.68%
6M
7.10%
1Y
15.30%
3Y*
11.36%
5Y*
5.20%
10Y*
8.40%

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

L6EW.L vs. IEVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
L6EW.L
Ossiam Stoxx Europe 600 Equal Weight NR UCITS		4.68%23.27%-0.27%12.61%-13.76%13.55%7.30%21.13%-10.91%18.91%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between L6EW.L and IEVL.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.86

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

0.88

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

0.87

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

0.86

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.87

The correlation between L6EW.L and IEVL.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

L6EW.L vs. IEVL.L - Sectors Allocation Comparison

Sectors
L6EW.L
IEVL.L

Industrials

23.1%
17.0%

Financial Services

19.9%
22.6%

Consumer Cyclical

10.9%
6.2%

Healthcare

8.4%
12.3%

Consumer Defensive

7.7%
8.6%

Basic Materials

7.6%
6.2%

Real Estate

5.8%
0.6%

Communication Services

5.0%
3.7%

Technology

5.0%
12.2%

Utilities

5.0%
4.5%

Energy

1.5%
5.1%

Industrials

L6EW.L
23.1%
IEVL.L
17.0%

Financial Services

L6EW.L
19.9%
IEVL.L
22.6%

Consumer Cyclical

L6EW.L
10.9%
IEVL.L
6.2%

Healthcare

L6EW.L
8.4%
IEVL.L
12.3%

Consumer Defensive

L6EW.L
7.7%
IEVL.L
8.6%

Basic Materials

L6EW.L
7.6%
IEVL.L
6.2%

Real Estate

L6EW.L
5.8%
IEVL.L
0.6%

Communication Services

L6EW.L
5.0%
IEVL.L
3.7%

Technology

L6EW.L
5.0%
IEVL.L
12.2%

Utilities

L6EW.L
5.0%
IEVL.L
4.5%

Energy

L6EW.L
1.5%
IEVL.L
5.1%

Compare stocks, funds, or ETFs

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Ossiam Stoxx Europe 600 Equal Weight NR UCITS

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

Often compared with L6EW.L:
L6EW.L vs. 5HEP.LL6EW.L vs. EUMV.LL6EW.L vs. LEMV.LL6EW.L vs. CSKR.LL6EW.L vs. IMV.LL6EW.L vs. CAPU.LL6EW.L vs. LCPE.L
Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

L6EW.L vs. IEVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
L6EW.L
L6EW.L Risk / Return Rank: 3333
Overall Rank
L6EW.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
L6EW.L Sortino Ratio Rank: 3434
Sortino Ratio Rank
L6EW.L Omega Ratio Rank: 3535
Omega Ratio Rank
L6EW.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
L6EW.L Martin Ratio Rank: 3232
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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.

L6EW.L vs. IEVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

L6EW.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
1.24
2.68

-1.44

Sortino ratioReturn per unit of downside risk
1.75
3.61

-1.85

Omega ratioGain probability vs. loss probability

1.23

1.48

-0.26

Calmar ratioReturn relative to maximum drawdown

1.33

3.42

-2.09

Martin ratioReturn relative to average drawdown

4.76

12.70

-7.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

L6EW.L vs. IEVL.L - Sharpe Ratio Comparison

The current L6EW.L Sharpe Ratio is 1.24, which is lower than the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of L6EW.L and IEVL.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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Sharpe Ratios by Period

L6EW.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

2.68

-1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.96

-0.62

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.69

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.58

+0.03

Drawdowns

L6EW.L vs. IEVL.L - Drawdown Comparison

The maximum L6EW.L drawdown since its inception was -30.88%, smaller than the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for L6EW.L and IEVL.L.

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Drawdown Indicators

L6EW.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.88%

-34.82%

+3.94%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-10.59%

-0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-12.28%

-16.33%

+4.05%

Max Drawdown (5Y)

Largest decline over 5 years

-26.62%

-16.48%

-10.14%

Max Drawdown (10Y)

Largest decline over 10 years

-30.88%

-34.82%

+3.94%

Current Drawdown

Current decline from peak

-1.92%

-0.82%

-1.10%

Average Drawdown

Average peak-to-trough decline

-5.51%

-6.05%

+0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

2.86%

+0.35%

Volatility

L6EW.L vs. IEVL.L - Volatility Comparison

The current volatility for Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.L) is 4.00%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that L6EW.L experiences smaller price fluctuations and is considered to be less risky than IEVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

L6EW.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

4.85%

-0.85%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

11.06%

-0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

12.34%

13.52%

-1.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.25%

15.24%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.61%

17.13%

-1.52%

L6EW.L vs. IEVL.L - Expense Ratio Comparison

L6EW.L has a 0.35% expense ratio, which is higher than IEVL.L's 0.25% expense ratio.

Dividends

L6EW.L vs. IEVL.L - Dividend Comparison

Neither L6EW.L nor IEVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

L6EW.L and IEVL.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.35% for L6EW.L.

L6EW.L tracks MSCI Europe NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.35% for L6EW.L and 0.25% for IEVL.L.

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