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

MVED.L vs. EEI.L

Last updated Jun 5, 2026

MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and EEI.L (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - MVED.L tracks the MSCI Europe NR EUR while EEI.L tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, MVED.L returned 6.05%/yr vs 6.24%/yr for EEI.L. A 0.71 correlation means they provide meaningful diversification when combined. MVED.L charges 0.25%/yr vs 0.29%/yr for EEI.L.

Performance

MVED.L vs. EEI.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 WisdomTree Europe Equity Income UCITS ETF (EEI.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 EEI.L is traded in GBp. To make them comparable, the EEI.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 EEI.L's 11.59% 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*
—

EEI.L

1D
-0.30%
1M
1.42%
YTD
11.59%
6M
14.71%
1Y
19.40%
3Y*
10.22%
5Y*
6.24%
10Y*
3.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVED.L vs. EEI.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%
EEI.L
WisdomTree Europe Equity Income UCITS ETF		11.59%20.22%-3.19%8.18%-4.35%12.67%-21.49%15.99%-8.11%

Correlation

The correlation between MVED.L and EEI.L is 0.66, 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

0.66

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

0.66

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

0.68

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

0.71

The correlation between MVED.L and EEI.L has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

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

Sectors
MVED.L
EEI.L

Financial Services

17.8%
24.7%

Industrials

15.7%
15.3%

Consumer Defensive

13.2%
2.3%

Healthcare

13.1%
2.8%

Utilities

10.1%
16.7%

Communication Services

9.5%
8.6%

Energy

6.9%
11.6%

Basic Materials

5.7%
8.3%

Consumer Cyclical

3.7%
3.3%

Technology

2.8%
1.5%

Real Estate

1.6%
4.8%

Financial Services

MVED.L
17.8%
EEI.L
24.7%

Industrials

MVED.L
15.7%
EEI.L
15.3%

Consumer Defensive

MVED.L
13.2%
EEI.L
2.3%

Healthcare

MVED.L
13.1%
EEI.L
2.8%

Utilities

MVED.L
10.1%
EEI.L
16.7%

Communication Services

MVED.L
9.5%
EEI.L
8.6%

Energy

MVED.L
6.9%
EEI.L
11.6%

Basic Materials

MVED.L
5.7%
EEI.L
8.3%

Consumer Cyclical

MVED.L
3.7%
EEI.L
3.3%

Technology

MVED.L
2.8%
EEI.L
1.5%

Real Estate

MVED.L
1.6%
EEI.L
4.8%

Compare stocks, funds, or ETFs

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

WisdomTree Europe Equity Income UCITS ETF

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 EEI.L:
EEI.L vs. EEIP.LEEI.L vs. FEUI.LEEI.L vs. FEQD.LEEI.L vs. FEUQ.DEEEI.L vs. IUKD.LEEI.L vs. SDUE.LEEI.L vs. BTCW

Return for Risk

MVED.L vs. EEI.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
EEI.L
EEI.L Risk / Return Rank: 6060
Overall Rank
EEI.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EEI.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
EEI.L Omega Ratio Rank: 6464
Omega Ratio Rank
EEI.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
EEI.L Martin Ratio Rank: 6060
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. EEI.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 WisdomTree Europe Equity Income UCITS ETF (EEI.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.LEEI.LDifference
Sharpe ratioReturn per unit of total volatility
0.28
1.77

-1.48

Sortino ratioReturn per unit of downside risk
0.44
2.38

-1.94

Omega ratioGain probability vs. loss probability

1.06

1.32

-0.27

Calmar ratioReturn relative to maximum drawdown

0.35

2.74

-2.39

Martin ratioReturn relative to average drawdown

0.78

9.98

-9.19

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. EEI.L - Sharpe Ratio Comparison

The current MVED.L Sharpe Ratio is 0.28, which is lower than the EEI.L Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of MVED.L and EEI.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.LEEI.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

1.77

-1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.44

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.20

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.15

+0.38

Drawdowns

MVED.L vs. EEI.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.56%, smaller than the maximum EEI.L drawdown of -44.10%. Use the drawdown chart below to compare losses from any high point for MVED.L and EEI.L.

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Drawdown Indicators

MVED.LEEI.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.56%

-44.10%

+13.54%

Max Drawdown (1Y)

Largest decline over 1 year

-7.00%

-7.04%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-10.51%

-14.02%

+3.51%

Max Drawdown (5Y)

Largest decline over 5 years

-19.54%

-19.66%

+0.12%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.58%

—

Current Drawdown

Current decline from peak

-4.11%

-0.88%

-3.23%

Average Drawdown

Average peak-to-trough decline

-5.19%

-14.88%

+9.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

1.94%

+1.24%

Volatility

MVED.L vs. EEI.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 2.93%, while WisdomTree Europe Equity Income UCITS ETF (EEI.L) has a volatility of 3.63%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than EEI.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.LEEI.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

3.63%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

8.51%

-1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

8.78%

10.94%

-2.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.99%

14.15%

-3.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.63%

16.37%

-3.74%

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

MVED.L has a 0.25% expense ratio, which is lower than EEI.L's 0.29% expense ratio.

Dividends

MVED.L vs. EEI.L - Dividend Comparison

MVED.L has not paid dividends to shareholders, while EEI.L's dividend yield for the trailing twelve months is around 0.05%.

PositionTTM20252024202320222021202020192018201720162015
EEI.L
WisdomTree Europe Equity Income UCITS ETF		0.05%0.05%0.07%0.06%0.05%0.05%0.06%0.06%0.05%0.04%0.03%0.04%
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%0.00%0.00%0.00%

Frequently Asked Questions

MVED.L and EEI.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MVED.L is cheaper with a 0.25% expense ratio, compared with 0.29% for EEI.L.

MVED.L tracks MSCI Europe NR EUR, while EEI.L tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: BlackRock and WisdomTree. Their fees differ too: 0.25% for MVED.L and 0.29% for EEI.L.

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