MINV.L vs. IEFM.L

Last updated Jun 9, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, MINV.L returned 7.79%/yr vs 12.57%/yr for IEFM.L. A 0.61 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.25%/yr for IEFM.L.

Performance

MINV.L vs. IEFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINV.L achieves a 1.32% return, which is significantly lower than IEFM.L's 6.32% return. Over the past 10 years, MINV.L has underperformed IEFM.L with an annualized return of 7.79%, while IEFM.L has yielded a comparatively higher 12.57% annualized return.

MINV.L

• 1D: -0.14%
• 1M: 2.88%
• YTD: 1.32%
• 6M: 1.62%
• 1Y: 2.83%
• 3Y*: 7.11%
• 5Y*: 6.20%
• 10Y*: 7.79%

IEFM.L

• 1D: 0.21%
• 1M: 2.16%
• YTD: 6.32%
• 6M: 9.51%
• 1Y: 19.03%
• 3Y*: 20.47%
• 5Y*: 11.30%
• 10Y*: 12.57%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	1.32%	3.37%	12.86%	1.50%	1.23%	15.98%	-1.05%	18.84%	3.17%	7.00%
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF	6.32%	33.05%	15.03%	10.37%	-9.80%	14.07%	17.04%	23.39%	-9.34%	15.91%

Correlation

The correlation between MINV.L and IEFM.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015	0.61

Over the past year, the correlation between MINV.L and IEFM.L has dropped to 0.15 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

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

Sectors	MINV.L	IEFM.L
Technology	21.6%	9.2%
Financial Services	14.0%	23.8%
Healthcare	13.7%	15.7%
Communication Services	11.9%	2.8%
Consumer Defensive	10.9%	2.9%
Industrials	9.2%	15.0%
Utilities	7.7%	11.9%
Consumer Cyclical	5.3%	0.5%
Energy	4.1%	10.3%
Basic Materials	1.1%	7.6%
Real Estate	0.7%	0.4%

Return for Risk

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

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

MINV.L

MINV.L Risk / Return Rank: 15
MINV.L Sharpe Ratio Rank: 15
MINV.L Sortino Ratio Rank: 14
MINV.L Omega Ratio Rank: 14
MINV.L Calmar Ratio Rank: 15
MINV.L Martin Ratio Rank: 15

IEFM.L

IEFM.L Risk / Return Rank: 37
IEFM.L Sharpe Ratio Rank: 37
IEFM.L Sortino Ratio Rank: 38
IEFM.L Omega Ratio Rank: 37
IEFM.L Calmar Ratio Rank: 34
IEFM.L Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.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.

	MINV.L	IEFM.L	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.18	-0.82
Sortino ratio: Return per unit of downside risk	0.58	1.78	-1.21
Omega ratio: Gain probability vs. loss probability	1.06	1.22	-0.16
Calmar ratio: Return relative to maximum drawdown	0.45	1.57	-1.12
Martin ratio: Return relative to average drawdown	1.21	5.80	-4.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MINV.L Sharpe Ratio is 0.36, which is lower than the IEFM.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of MINV.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

	MINV.L	IEFM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	1.18	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.72	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.79	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.71	-0.38

Drawdowns

MINV.L vs. IEFM.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -39.64%, which is greater than IEFM.L's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for MINV.L and IEFM.L.

Drawdown Indicators

	MINV.L	IEFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-23.88%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	-12.05%	+5.74%
Max Drawdown (3Y) Largest decline over 3 years	-20.10%	-12.95%	-7.15%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	-21.33%	+1.23%
Max Drawdown (10Y) Largest decline over 10 years	-20.38%	-23.88%	+3.50%
Current Drawdown Current decline from peak	-3.30%	-2.17%	-1.13%
Average Drawdown Average peak-to-trough decline	-8.68%	-5.04%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	3.27%	-0.93%

Volatility

MINV.L vs. IEFM.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.52%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a volatility of 3.42%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than IEFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINV.L	IEFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	3.42%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	5.84%	13.84%	-8.00%
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	16.06%	-8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.97%	15.62%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	15.94%	-0.54%

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

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

Dividends

MINV.L vs. IEFM.L - Dividend Comparison

Neither MINV.L nor IEFM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

MINV.L and IEFM.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

IEFM.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MINV.L.

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

MINV.L is categorized as Global Equities, while IEFM.L is Momentum. MINV.L tracks MSCI ACWI NR USD, while IEFM.L tracks MSCI Europe Momentum Index. Their fees differ too: 0.35% for MINV.L and 0.25% for IEFM.L.