MVED.L vs. IGSD.L
MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both exchange-traded funds - MVED.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while IGSD.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, MVED.L returned 6.05%/yr vs 3.89%/yr for IGSD.L. At a correlation of -0.06, they often move in opposite directions. MVED.L charges 0.25%/yr vs 0.20%/yr for IGSD.L.
Performance
MVED.L vs. IGSD.L - Performance Comparison
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Different Trading Currencies
MVED.L is traded in EUR, while IGSD.L is traded in GBP. To make them comparable, the IGSD.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 higher than IGSD.L's 2.01% return.
MVED.L
- 1D
- 0.33%
- 1M
- -0.47%
- YTD
- 4.65%
- 6M
- 6.04%
- 1Y
- 2.50%
- 3Y*
- 8.12%
- 5Y*
- 6.05%
- 10Y*
- —
IGSD.L
- 1D
- 0.12%
- 1M
- 1.18%
- YTD
- 2.01%
- 6M
- 1.74%
- 1Y
- 3.58%
- 3Y*
- 3.15%
- 5Y*
- 3.89%
- 10Y*
- 2.86%
MVED.L vs. IGSD.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% | -1.16% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 2.01% | -5.64% | 12.70% | 2.53% | 1.74% | 7.36% | -4.28% | 10.10% | 8.84% |
Correlation
The correlation between MVED.L and IGSD.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2018 | -0.06 |
The correlation between MVED.L and IGSD.L shifts across timeframes, from -0.12 (5 years) to -0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MVED.L vs. IGSD.L — Risk / Return Rank
MVED.L
IGSD.L
MVED.L vs. IGSD.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 iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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 | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.94 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.78 | 2.27 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MVED.L | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.50 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.52 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | -0.01 |
Drawdowns
MVED.L vs. IGSD.L - Drawdown Comparison
The maximum MVED.L drawdown since its inception was -30.56%, which is greater than IGSD.L's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for MVED.L and IGSD.L.
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Drawdown Indicators
| MVED.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -14.99% | -15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -3.04% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.51% | -9.85% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.54% | -11.23% | -8.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.99% | — |
Current DrawdownCurrent decline from peak | -4.11% | -4.92% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.47% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 1.26% | +1.92% |
Volatility
MVED.L vs. IGSD.L - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) has a higher volatility of 2.93% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) at 1.26%. This indicates that MVED.L's price experiences larger fluctuations and is considered to be riskier than IGSD.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.L | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 1.26% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 3.95% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 5.69% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 7.42% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 7.79% | +4.84% |
MVED.L vs. IGSD.L - Expense Ratio Comparison
MVED.L has a 0.25% expense ratio, which is higher than IGSD.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MVED.L vs. IGSD.L - Dividend Comparison
MVED.L has not paid dividends to shareholders, while IGSD.L's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
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 IGSD.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGSD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGSD.L is cheaper with a 0.20% expense ratio, compared with 0.25% for MVED.L.
MVED.L is categorized as Europe Equities, while IGSD.L is Corporate Bonds. MVED.L tracks MSCI Europe NR EUR, while IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.25% for MVED.L and 0.20% for IGSD.L.
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