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MVED.L vs. CS1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVED.L vs. CS1.L

Last updated Jun 5, 2026

MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and CS1.L (Amundi ETF MSCI Spain UCITS ETF EUR (C)) are both Europe Equities funds - MVED.L tracks the MSCI Europe NR EUR while CS1.L tracks the BME IBEX 35 NR EUR. Both are passively managed. Over the past 5 years, MVED.L returned 6.05%/yr vs 19.25%/yr for CS1.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

MVED.L vs. CS1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MVED.L is traded in EUR, while CS1.L is traded in GBp. To make them comparable, the CS1.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVED.L achieves a 4.65% return, which is significantly lower than CS1.L's 7.23% return.

MVED.L

1D
0.33%
1M
0.58%
YTD
4.65%
6M
5.79%
1Y
2.49%
3Y*
8.12%
5Y*
6.05%
10Y*
—

CS1.L

1D
0.82%
1M
3.77%
YTD
7.23%
6M
11.11%
1Y
33.77%
3Y*
29.84%
5Y*
19.25%
10Y*
11.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVED.L vs. CS1.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		4.65%8.77%8.89%10.72%-12.60%21.51%-3.86%22.67%-1.16%
CS1.L
Amundi ETF MSCI Spain UCITS ETF EUR (C)		7.23%54.15%19.62%26.77%-0.51%7.14%-12.51%15.14%-11.20%

Correlation

The correlation between MVED.L and CS1.L is 0.54, 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

0.54

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

0.60

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

0.64

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.65

The correlation between MVED.L and CS1.L shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

MVED.L vs. CS1.L - Sectors Allocation Comparison

Sectors
MVED.L
CS1.L

Financial Services

17.8%
40.3%

Industrials

15.7%
15.8%

Consumer Defensive

13.2%
0.3%

Healthcare

13.1%
0.7%

Utilities

10.1%
19.0%

Communication Services

9.5%
2.4%

Energy

6.9%
2.8%

Basic Materials

5.7%
1.3%

Consumer Cyclical

3.7%
10.8%

Technology

2.8%
3.2%

Real Estate

1.6%
3.3%

Financial Services

MVED.L
17.8%
CS1.L
40.3%

Industrials

MVED.L
15.7%
CS1.L
15.8%

Consumer Defensive

MVED.L
13.2%
CS1.L
0.3%

Healthcare

MVED.L
13.1%
CS1.L
0.7%

Utilities

MVED.L
10.1%
CS1.L
19.0%

Communication Services

MVED.L
9.5%
CS1.L
2.4%

Energy

MVED.L
6.9%
CS1.L
2.8%

Basic Materials

MVED.L
5.7%
CS1.L
1.3%

Consumer Cyclical

MVED.L
3.7%
CS1.L
10.8%

Technology

MVED.L
2.8%
CS1.L
3.2%

Real Estate

MVED.L
1.6%
CS1.L
3.3%

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

Amundi ETF MSCI Spain UCITS ETF EUR (C)

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
Often compared with CS1.L:
CS1.L vs. VOOCS1.L vs. CSWG.LCS1.L vs. WDEP.LCS1.L vs. FEQD.LCS1.L vs. EDIV.LCS1.L vs. PRUK.LCS1.L vs. EGRW.L

Return for Risk

MVED.L vs. CS1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
CS1.L
CS1.L Risk / Return Rank: 7070
Overall Rank
CS1.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
CS1.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
CS1.L Omega Ratio Rank: 7171
Omega Ratio Rank
CS1.L Calmar Ratio Rank: 7373
Calmar Ratio Rank
CS1.L Martin Ratio Rank: 6767
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.

MVED.L vs. CS1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.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.

MVED.LCS1.LDifference
Sharpe ratioReturn per unit of total volatility
0.28
2.07

-1.79

Sortino ratioReturn per unit of downside risk
0.44
2.86

-2.42

Omega ratioGain probability vs. loss probability

1.06

1.37

-0.32

Calmar ratioReturn relative to maximum drawdown

0.35

3.51

-3.16

Martin ratioReturn relative to average drawdown

0.78

11.91

-11.13

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

MVED.L vs. CS1.L - Sharpe Ratio Comparison

The current MVED.L Sharpe Ratio is 0.28, which is lower than the CS1.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of MVED.L and CS1.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

MVED.LCS1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

2.07

-1.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

1.15

-0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.47

+0.06

Drawdowns

MVED.L vs. CS1.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.56%, smaller than the maximum CS1.L drawdown of -40.84%. Use the drawdown chart below to compare losses from any high point for MVED.L and CS1.L.

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Drawdown Indicators

MVED.LCS1.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.56%

-40.84%

+10.28%

Max Drawdown (1Y)

Largest decline over 1 year

-7.00%

-9.56%

+2.56%

Max Drawdown (3Y)

Largest decline over 3 years

-10.51%

-12.80%

+2.29%

Max Drawdown (5Y)

Largest decline over 5 years

-19.54%

-18.13%

-1.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.59%

—

Current Drawdown

Current decline from peak

-4.11%

-0.35%

-3.76%

Average Drawdown

Average peak-to-trough decline

-5.19%

-10.26%

+5.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

2.83%

+0.35%

Volatility

MVED.L vs. CS1.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 2.93%, while Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) has a volatility of 4.65%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than CS1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVED.LCS1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

4.65%

-1.72%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

13.34%

-6.20%

Volatility (1Y)

Calculated over the trailing 1-year period

8.78%

16.23%

-7.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.99%

16.67%

-5.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.63%

18.84%

-6.21%

MVED.L vs. CS1.L - Expense Ratio Comparison

Both MVED.L and CS1.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

MVED.L vs. CS1.L - Dividend Comparison

Neither MVED.L nor CS1.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
CS1.L
Amundi ETF MSCI Spain UCITS ETF EUR (C)		0.00%0.00%0.00%0.00%0.00%0.00%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

MVED.L and CS1.L have a correlation of 0.54, 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.

MVED.L and CS1.L have the same expense ratio: 0.25% per year.

MVED.L tracks MSCI Europe NR EUR, while CS1.L tracks BME IBEX 35 NR EUR. They also come from different issuers: BlackRock and Amundi.

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