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MLPS.L vs. IEDL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MLPS.L vs. IEDL.L

Last updated Jun 4, 2026

MLPS.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both exchange-traded funds - MLPS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while IEDL.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, MLPS.L returned 17.43%/yr vs 13.40%/yr for IEDL.L. At a 0.44 correlation, their price movements are largely independent. MLPS.L charges 0.50%/yr vs 0.25%/yr for IEDL.L.

Performance

MLPS.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MLPS.L is traded in USD, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MLPS.L achieves a 19.52% return, which is significantly higher than IEDL.L's 12.76% return.

MLPS.L

1D
1.18%
1M
0.77%
YTD
19.52%
6M
16.56%
1Y
16.47%
3Y*
19.21%
5Y*
17.43%
10Y*
7.33%

IEDL.L

1D
-0.74%
1M
2.97%
YTD
12.76%
6M
17.42%
1Y
36.08%
3Y*
24.77%
5Y*
13.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPS.L vs. IEDL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MLPS.L
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF		19.52%2.44%22.62%19.38%31.92%36.78%-31.20%7.20%-12.55%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		12.76%53.13%3.63%17.09%-9.53%18.08%-0.69%19.41%-17.80%

Correlation

The correlation between MLPS.L and IEDL.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.01

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

0.22

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

0.38

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.44

The correlation between MLPS.L and IEDL.L shifts across timeframes, from -0.01 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

MLPS.L vs. IEDL.L - Sectors Allocation Comparison

Sectors
MLPS.L
IEDL.L

Energy

96.7%
5.1%

Utilities

3.2%
4.5%

Industrials

0.2%
17.0%

Basic Materials

-

6.2%

Communication Services

-

3.7%

Consumer Cyclical

-

6.2%

Consumer Defensive

-

8.6%

Financial Services

-

22.6%

Healthcare

-

12.3%

Real Estate

-

0.6%

Technology

-

12.2%

Energy

MLPS.L
96.7%
IEDL.L
5.1%

Utilities

MLPS.L
3.2%
IEDL.L
4.5%

Industrials

MLPS.L
0.2%
IEDL.L
17.0%

Basic Materials

MLPS.L

-

IEDL.L
6.2%

Communication Services

MLPS.L

-

IEDL.L
3.7%

Consumer Cyclical

MLPS.L

-

IEDL.L
6.2%

Consumer Defensive

MLPS.L

-

IEDL.L
8.6%

Financial Services

MLPS.L

-

IEDL.L
22.6%

Healthcare

MLPS.L

-

IEDL.L
12.3%

Real Estate

MLPS.L

-

IEDL.L
0.6%

Technology

MLPS.L

-

IEDL.L
12.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

Often compared with MLPS.L:
MLPS.L vs. TDIV.ASMLPS.L vs. SCHDMLPS.L vs. MLPAMLPS.L vs. AMLPMLPS.L vs. QQQMLPS.L vs. DUKMLPS.L vs. ET
Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. T3KE.DEIEDL.L vs. EUMD.LIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L

Return for Risk

MLPS.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MLPS.L
MLPS.L Risk / Return Rank: 3333
Overall Rank
MLPS.L Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
MLPS.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
MLPS.L Omega Ratio Rank: 2929
Omega Ratio Rank
MLPS.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
MLPS.L Martin Ratio Rank: 3333
Martin Ratio Rank
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6969
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.

MLPS.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

MLPS.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.16
2.30

-1.14

Sortino ratioReturn per unit of downside risk
1.63
3.09

-1.46

Omega ratioGain probability vs. loss probability

1.20

1.41

-0.21

Calmar ratioReturn relative to maximum drawdown

1.94

3.12

-1.17

Martin ratioReturn relative to average drawdown

5.03

11.13

-6.10

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

MLPS.L vs. IEDL.L - Sharpe Ratio Comparison

The current MLPS.L Sharpe Ratio is 1.16, which is lower than the IEDL.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of MLPS.L and IEDL.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

MLPS.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

2.30

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.72

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.49

-0.34

Drawdowns

MLPS.L vs. IEDL.L - Drawdown Comparison

The maximum MLPS.L drawdown since its inception was -82.23%, which is greater than IEDL.L's maximum drawdown of -43.17%. Use the drawdown chart below to compare losses from any high point for MLPS.L and IEDL.L.

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Drawdown Indicators

MLPS.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-82.23%

-43.17%

-39.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.45%

-11.53%

+3.08%

Max Drawdown (3Y)

Largest decline over 3 years

-17.67%

-17.39%

-0.28%

Max Drawdown (5Y)

Largest decline over 5 years

-21.76%

-31.20%

+9.44%

Max Drawdown (10Y)

Largest decline over 10 years

-75.70%

—

—

Current Drawdown

Current decline from peak

-2.66%

-0.92%

-1.74%

Average Drawdown

Average peak-to-trough decline

-28.26%

-8.50%

-19.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

3.23%

+0.04%

Volatility

MLPS.L vs. IEDL.L - Volatility Comparison

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) have volatilities of 5.27% and 5.49%, 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

MLPS.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.27%

5.49%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

10.77%

12.49%

-1.72%

Volatility (1Y)

Calculated over the trailing 1-year period

14.14%

15.65%

-1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.41%

18.58%

+1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.54%

20.11%

+8.43%

MLPS.L vs. IEDL.L - Expense Ratio Comparison

MLPS.L has a 0.50% expense ratio, which is higher than IEDL.L's 0.25% expense ratio.

Dividends

MLPS.L vs. IEDL.L - Dividend Comparison

MLPS.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%
MLPS.L
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MLPS.L and IEDL.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.50% for MLPS.L.

MLPS.L is categorized as Energy Equities, while IEDL.L is Europe Equities. MLPS.L tracks MSCI World/Energy NR USD, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for MLPS.L and 0.25% for IEDL.L.

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