LDEU.L vs. MVED.L
LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - LDEU.L tracks the L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, LDEU.L returned 17.00%/yr vs 7.01%/yr for MVED.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
LDEU.L vs. MVED.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDEU.L achieves a 14.76% return, which is significantly higher than MVED.L's 8.45% return.
LDEU.L
- 1D
- -0.31%
- 1M
- 0.93%
- 6M
- 11.68%
- YTD
- 14.76%
- 1Y
- 29.16%
- 3Y*
- 25.18%
- 5Y*
- 17.00%
- 10Y*
- —
MVED.L
- 1D
- -0.13%
- 1M
- 1.36%
- 6M
- 6.60%
- YTD
- 8.45%
- 1Y
- 11.37%
- 3Y*
- 11.83%
- 5Y*
- 7.01%
- 10Y*
- —
LDEU.L vs. MVED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 14.76% | 37.56% | 14.64% | 16.76% | -3.16% | 9.14% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 8.45% | 11.81% | 11.70% | 10.68% | -12.60% | 15.36% |
Correlation
The correlation between LDEU.L and MVED.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.73 |
The correlation between LDEU.L and MVED.L has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
LDEU.L vs. MVED.L — Risk / Return Rank
LDEU.L
MVED.L
LDEU.L vs. MVED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.
| LDEU.L | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 1.62 | +2.71 |
| Martin ratioReturn relative to average drawdown | 15.11 | 4.91 | +10.20 |
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Drawdowns
LDEU.L vs. MVED.L - Drawdown Comparison
The maximum LDEU.L drawdown since its inception was -20.16%, smaller than the maximum MVED.L drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for LDEU.L and MVED.L.
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Drawdown Indicators
| LDEU.L | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.16% | -30.52% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -7.01% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -10.47% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | -19.58% | -0.58% |
Current DrawdownCurrent decline from peak | -0.54% | -0.67% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.03% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.31% | -0.36% |
Volatility
LDEU.L vs. MVED.L - Volatility Comparison
L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) have volatilities of 2.88% and 2.77%, 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.
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Volatility by Period
| LDEU.L | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.77% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 7.47% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 8.96% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 11.02% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 12.59% | +1.66% |
LDEU.L vs. MVED.L - Expense Ratio Comparison
Both LDEU.L and MVED.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LDEU.L vs. MVED.L - Dividend Comparison
LDEU.L's dividend yield for the trailing twelve months is around 3.52%, more than MVED.L's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 3.52% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% | 0.00% | 0.00% | 0.00% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 2.52% | 2.69% | 2.56% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.51% |
Frequently Asked Questions
LDEU.L and MVED.L have a correlation of 0.68, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LDEU.L and MVED.L have the same expense ratio: 0.25% per year.
LDEU.L tracks L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis, while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: L&G and BlackRock.
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