MIVO.L vs. IEFS.L
MIVO.L (Amundi MSCI Europe Minimum Volatility UCITS) and IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - MIVO.L tracks the MSCI Europe NR EUR while IEFS.L tracks the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 10 years, MIVO.L returned 7.53%/yr vs 8.31%/yr for IEFS.L. Their correlation of 0.83 suggests significant overlap in exposure. MIVO.L charges 0.13%/yr vs 0.25%/yr for IEFS.L.
Performance
MIVO.L vs. IEFS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIVO.L achieves a 4.24% return, which is significantly lower than IEFS.L's 6.36% return. Over the past 10 years, MIVO.L has underperformed IEFS.L with an annualized return of 7.53%, while IEFS.L has yielded a comparatively higher 8.31% annualized return.
MIVO.L
- 1D
- 0.44%
- 1M
- 0.62%
- YTD
- 4.24%
- 6M
- 5.52%
- 1Y
- 7.85%
- 3Y*
- 10.28%
- 5Y*
- 7.34%
- 10Y*
- 7.53%
IEFS.L
- 1D
- 0.54%
- 1M
- 1.90%
- YTD
- 6.36%
- 6M
- 8.61%
- 1Y
- 16.26%
- 3Y*
- 12.70%
- 5Y*
- 5.94%
- 10Y*
- 8.31%
MIVO.L vs. IEFS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIVO.L Amundi MSCI Europe Minimum Volatility UCITS | 4.24% | 17.54% | 6.50% | 8.50% | -7.95% | 13.43% | 1.38% | 16.36% | -3.04% | 13.15% |
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 6.36% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -12.26% | 18.08% |
Correlation
The correlation between MIVO.L and IEFS.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.83 |
The correlation between MIVO.L and IEFS.L shifts across timeframes, from 0.70 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIVO.L vs. IEFS.L — Risk / Return Rank
MIVO.L
IEFS.L
MIVO.L vs. IEFS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) and iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.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.
| MIVO.L | IEFS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.63 | -0.70 |
| Martin ratioReturn relative to average drawdown | 2.76 | 5.83 | -3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MIVO.L | IEFS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.38 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.40 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.54 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.53 | +0.21 |
Drawdowns
MIVO.L vs. IEFS.L - Drawdown Comparison
The maximum MIVO.L drawdown since its inception was -24.30%, smaller than the maximum IEFS.L drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for MIVO.L and IEFS.L.
Loading charts...
Drawdown Indicators
| MIVO.L | IEFS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.30% | -31.02% | +6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -9.91% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.38% | -11.84% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -26.40% | +8.86% |
Max Drawdown (10Y)Largest decline over 10 years | -24.30% | -31.02% | +6.72% |
Current DrawdownCurrent decline from peak | -4.95% | -1.87% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -5.84% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.78% | +0.06% |
Volatility
MIVO.L vs. IEFS.L - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) is 2.77%, while iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) has a volatility of 3.81%. This indicates that MIVO.L experiences smaller price fluctuations and is considered to be less risky than IEFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIVO.L | IEFS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.81% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 9.77% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 11.72% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 14.99% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.25% | 15.59% | -3.34% |
MIVO.L vs. IEFS.L - Expense Ratio Comparison
MIVO.L has a 0.13% expense ratio, which is lower than IEFS.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MIVO.L vs. IEFS.L - Dividend Comparison
Neither MIVO.L nor IEFS.L has paid dividends to shareholders.
Frequently Asked Questions
MIVO.L and IEFS.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVO.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVO.L is cheaper with a 0.13% expense ratio, compared with 0.25% for IEFS.L.
MIVO.L tracks MSCI Europe NR EUR, while IEFS.L tracks MSCI Europe SMID NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.13% for MIVO.L and 0.25% for IEFS.L.
Find the right allocation for MIVO.L and IEFS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer