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LDUK.L vs. MVED.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LDUK.L vs. MVED.L

Last updated Jun 5, 2026

LDUK.L (L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - LDUK.L tracks the FTSE AllSh TR GBP while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, LDUK.L returned 9.34%/yr vs 6.21%/yr for MVED.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

LDUK.L vs. MVED.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, LDUK.L achieves a 3.01% return, which is significantly lower than MVED.L's 3.88% return.

LDUK.L

1D
0.72%
1M
4.03%
YTD
3.01%
6M
7.64%
1Y
12.83%
3Y*
16.70%
5Y*
9.34%
10Y*
—

MVED.L

1D
0.45%
1M
0.80%
YTD
3.88%
6M
4.77%
1Y
5.26%
3Y*
8.28%
5Y*
6.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LDUK.L vs. MVED.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
LDUK.L
L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF		3.01%22.62%16.13%8.22%-3.33%6.07%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		3.88%14.60%3.94%8.51%-8.08%12.66%

Correlation

The correlation between LDUK.L and MVED.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.54

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

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2021

0.52

The correlation between LDUK.L and MVED.L has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

LDUK.L vs. MVED.L - Sectors Allocation Comparison

Sectors
LDUK.L
MVED.L

Financial Services

60.4%
17.8%

Industrials

14.3%
15.7%

Consumer Defensive

11.3%
13.2%

Basic Materials

6.8%
5.7%

Consumer Cyclical

5.0%
3.7%

Communication Services

1.1%
9.5%

Utilities

1.0%
10.1%

Technology

0.1%
2.8%

Energy

-

6.9%

Healthcare

-

13.1%

Real Estate

-

1.6%

Financial Services

LDUK.L
60.4%
MVED.L
17.8%

Industrials

LDUK.L
14.3%
MVED.L
15.7%

Consumer Defensive

LDUK.L
11.3%
MVED.L
13.2%

Basic Materials

LDUK.L
6.8%
MVED.L
5.7%

Consumer Cyclical

LDUK.L
5.0%
MVED.L
3.7%

Communication Services

LDUK.L
1.1%
MVED.L
9.5%

Utilities

LDUK.L
1.0%
MVED.L
10.1%

Technology

LDUK.L
0.1%
MVED.L
2.8%

Energy

LDUK.L

-

MVED.L
6.9%

Healthcare

LDUK.L

-

MVED.L
13.1%

Real Estate

LDUK.L

-

MVED.L
1.6%

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L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

Often compared with LDUK.L:
LDUK.L vs. LDEG.LLDUK.L vs. IUKD.LLDUK.L vs. HUKX.LLDUK.L vs. GGRP.LLDUK.L vs. SPYL.DELDUK.L vs. VUSA.DELDUK.L vs. XDEM.L
Often compared with MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. PRUK.LMVED.L vs. WDEP.LMVED.L vs. OPEN.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

LDUK.L vs. MVED.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LDUK.L
LDUK.L Risk / Return Rank: 2626
Overall Rank
LDUK.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
LDUK.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
LDUK.L Omega Ratio Rank: 2525
Omega Ratio Rank
LDUK.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
LDUK.L Martin Ratio Rank: 2929
Martin Ratio Rank
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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.

LDUK.L vs. MVED.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.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.

LDUK.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
0.87
0.57

+0.30

Sortino ratioReturn per unit of downside risk
1.37
0.83

+0.55

Omega ratioGain probability vs. loss probability

1.16

1.11

+0.05

Calmar ratioReturn relative to maximum drawdown

1.11

0.63

+0.48

Martin ratioReturn relative to average drawdown

4.06

1.79

+2.27

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

LDUK.L vs. MVED.L - Sharpe Ratio Comparison

The current LDUK.L Sharpe Ratio is 0.87, which is higher than the MVED.L Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of LDUK.L and MVED.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

LDUK.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

0.57

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.55

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.49

+0.27

Drawdowns

LDUK.L vs. MVED.L - Drawdown Comparison

The maximum LDUK.L drawdown since its inception was -17.13%, smaller than the maximum MVED.L drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for LDUK.L and MVED.L.

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Drawdown Indicators

LDUK.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.13%

-24.31%

+7.18%

Max Drawdown (1Y)

Largest decline over 1 year

-11.51%

-8.28%

-3.23%

Max Drawdown (3Y)

Largest decline over 3 years

-13.46%

-8.28%

-5.18%

Max Drawdown (5Y)

Largest decline over 5 years

-17.13%

-17.36%

+0.23%

Current Drawdown

Current decline from peak

-1.80%

-5.32%

+3.52%

Average Drawdown

Average peak-to-trough decline

-3.66%

-4.10%

+0.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

2.94%

+0.21%

Volatility

LDUK.L vs. MVED.L - Volatility Comparison

L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) has a higher volatility of 4.63% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.98%. This indicates that LDUK.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LDUK.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

2.98%

+1.65%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

7.68%

+4.64%

Volatility (1Y)

Calculated over the trailing 1-year period

14.67%

9.18%

+5.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

11.29%

+4.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.64%

12.95%

+2.69%

LDUK.L vs. MVED.L - Expense Ratio Comparison

Both LDUK.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

LDUK.L vs. MVED.L - Dividend Comparison

LDUK.L's dividend yield for the trailing twelve months is around 4.79%, while MVED.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
LDUK.L
L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF		4.79%4.87%4.43%5.14%5.87%4.41%0.00%0.00%0.00%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%

Frequently Asked Questions

LDUK.L and MVED.L have a correlation of 0.48, 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.

LDUK.L and MVED.L have the same expense ratio: 0.25% per year.

LDUK.L tracks FTSE AllSh TR GBP, while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: Legal & General and BlackRock.

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