MVED.L vs. EUFM.L

Last updated Jun 5, 2026

MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both Europe Equities funds - MVED.L tracks the MSCI Europe NR EUR while EUFM.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, MVED.L returned 6.05%/yr vs 9.54%/yr for EUFM.L. A 0.69 correlation means they provide meaningful diversification when combined. MVED.L charges 0.25%/yr vs 0.34%/yr for EUFM.L.

Performance

MVED.L vs. EUFM.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 UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MVED.L is traded in EUR, while EUFM.L is traded in GBp. To make them comparable, the EUFM.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 EUFM.L's 7.69% 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*: —

EUFM.L

• 1D: 0.12%
• 1M: 2.61%
• YTD: 7.69%
• 6M: 9.98%
• 1Y: 13.74%
• 3Y*: 15.24%
• 5Y*: 9.54%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	-6.81%
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc	7.69%	22.83%	8.23%	17.90%	-12.57%	20.88%	0.09%	26.69%	-13.62%

Correlation

The correlation between MVED.L and EUFM.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018	0.69

The correlation between MVED.L and EUFM.L has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

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

Sectors	MVED.L	EUFM.L
Financial Services	17.8%	26.7%
Industrials	15.7%	23.5%
Consumer Defensive	13.2%	6.7%
Healthcare	13.1%	4.3%
Utilities	10.1%	9.5%
Communication Services	9.5%	4.2%
Energy	6.9%	3.7%
Basic Materials	5.7%	4.8%
Consumer Cyclical	3.7%	6.6%
Technology	2.8%	8.5%
Real Estate	1.6%	1.6%

Return for Risk

MVED.L vs. EUFM.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: 13
MVED.L Sharpe Ratio Rank: 13
MVED.L Sortino Ratio Rank: 12
MVED.L Omega Ratio Rank: 13
MVED.L Calmar Ratio Rank: 13
MVED.L Martin Ratio Rank: 13

EUFM.L

EUFM.L Risk / Return Rank: 37
EUFM.L Sharpe Ratio Rank: 39
EUFM.L Sortino Ratio Rank: 37
EUFM.L Omega Ratio Rank: 41
EUFM.L Calmar Ratio Rank: 33
EUFM.L Martin Ratio Rank: 37

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. EUFM.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 UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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.L	EUFM.L	Difference
Sharpe ratio: Return per unit of total volatility	0.28	1.10	-0.82
Sortino ratio: Return per unit of downside risk	0.44	1.60	-1.16
Omega ratio: Gain probability vs. loss probability	1.06	1.21	-0.16
Calmar ratio: Return relative to maximum drawdown	0.35	1.43	-1.07
Martin ratio: Return relative to average drawdown	0.78	5.24	-4.46
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. EUFM.L - Sharpe Ratio Comparison

The current MVED.L Sharpe Ratio is 0.28, which is lower than the EUFM.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of MVED.L and EUFM.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

	MVED.L	EUFM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	1.10	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.64	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.54	-0.01

Drawdowns

MVED.L vs. EUFM.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.56%, smaller than the maximum EUFM.L drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for MVED.L and EUFM.L.

Drawdown Indicators

	MVED.L	EUFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.56%	-37.78%	+7.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-9.59%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-10.51%	-13.76%	+3.25%
Max Drawdown (5Y) Largest decline over 5 years	-19.54%	-23.91%	+4.37%
Current Drawdown Current decline from peak	-4.11%	-0.97%	-3.14%
Average Drawdown Average peak-to-trough decline	-5.19%	-5.56%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.62%	+0.56%

Volatility

MVED.L vs. EUFM.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 2.93%, while UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) has a volatility of 3.98%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than EUFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVED.L	EUFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.98%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	7.14%	10.23%	-3.09%
Volatility (1Y) Calculated over the trailing 1-year period	8.78%	12.43%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	14.86%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.63%	16.61%	-3.98%

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

MVED.L has a 0.25% expense ratio, which is lower than EUFM.L's 0.34% expense ratio.

Dividends

MVED.L vs. EUFM.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc	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

Can I hold both MVED.L and EUFM.L in my portfolio?

MVED.L and EUFM.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVED.L or EUFM.L?

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.

Which ETF is cheaper, MVED.L or EUFM.L?

MVED.L is cheaper with a 0.25% expense ratio, compared with 0.34% for EUFM.L.

What is the main difference between MVED.L and EUFM.L?

MVED.L tracks MSCI Europe NR EUR, while EUFM.L tracks MSCI EMU NR EUR. They also come from different issuers: BlackRock and UBS. Their fees differ too: 0.25% for MVED.L and 0.34% for EUFM.L.