MVED.L vs. ISEU.L

Last updated Jul 16, 2026

MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and ISEU.L (iShares MSCI Europe UCITS Dist) are both Europe Equities funds tracking the MSCI Europe NR EUR, from BlackRock and iShares respectively. Both are passively managed. Over the past 5 years, MVED.L returned 7.01%/yr vs 10.48%/yr for ISEU.L. Their correlation of 0.82 suggests significant overlap in exposure. MVED.L charges 0.25%/yr vs 1.00%/yr for ISEU.L.

Performance

MVED.L vs. ISEU.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 iShares MSCI Europe UCITS Dist (ISEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MVED.L is traded in EUR, while ISEU.L is traded in USD. To make them comparable, the ISEU.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 8.45% return, which is significantly lower than ISEU.L's 10.81% return.

MVED.L

• 1D: -0.13%
• 1M: 1.36%
• 6M: 6.60%
• YTD: 8.45%
• 1Y: 11.37%
• 3Y*: 11.83%
• 5Y*: 7.01%
• 10Y*: —

ISEU.L

• 1D: -0.36%
• 1M: 1.25%
• 6M: 7.12%
• YTD: 10.81%
• 1Y: 20.87%
• 3Y*: 14.67%
• 5Y*: 10.48%
• 10Y*: 10.48%

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

MVED.L vs. ISEU.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)	8.45%	11.81%	11.70%	10.68%	-12.60%	21.57%	-3.93%	22.78%	-1.65%
ISEU.L iShares MSCI Europe UCITS Dist	10.81%	19.15%	8.96%	15.91%	-8.37%	24.49%	-2.99%	26.34%	-8.21%

Correlation

The correlation between MVED.L and ISEU.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018	0.82

The correlation between MVED.L and ISEU.L shifts across timeframes, from 0.68 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

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

Sectors	MVED.L	ISEU.L
Financial Services	17.8%	23.3%
Industrials	16.2%	19.5%
Consumer Defensive	14.6%	8.3%
Healthcare	12.9%	13.1%
Utilities	10.1%	4.7%
Communication Services	8.2%	3.8%
Energy	6.7%	4.9%
Basic Materials	5.2%	5.7%
Technology	3.4%	9.6%
Consumer Cyclical	3.3%	6.5%
Real Estate	1.6%	0.8%

Return for Risk

MVED.L vs. ISEU.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: 41
MVED.L Sharpe Ratio Rank: 43
MVED.L Sortino Ratio Rank: 40
MVED.L Omega Ratio Rank: 44
MVED.L Calmar Ratio Rank: 38
MVED.L Martin Ratio Rank: 39

ISEU.L

ISEU.L Risk / Return Rank: 43
ISEU.L Sharpe Ratio Rank: 43
ISEU.L Sortino Ratio Rank: 44
ISEU.L Omega Ratio Rank: 43
ISEU.L Calmar Ratio Rank: 40
ISEU.L Martin Ratio Rank: 45

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. ISEU.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 MSCI Europe UCITS Dist (ISEU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MVED.L	ISEU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.47	-0.20
Sortino ratio: Return per unit of downside risk	1.77	2.13	-0.37
Omega ratio: Gain probability vs. loss probability	1.24	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	1.62	2.18	-0.56
Martin ratio: Return relative to average drawdown	4.91	8.43	-3.51

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

The current MVED.L Sharpe Ratio is 1.27, which is comparable to the ISEU.L Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of MVED.L and ISEU.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.

Drawdowns

MVED.L vs. ISEU.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.52%, smaller than the maximum ISEU.L drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for MVED.L and ISEU.L.

Drawdown Indicators

	MVED.L	ISEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.52%	-48.48%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-9.54%	+2.53%
Max Drawdown (3Y) Largest decline over 3 years	-10.47%	-15.58%	+5.11%
Max Drawdown (5Y) Largest decline over 5 years	-19.58%	-19.97%	+0.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.41%	—
Current Drawdown Current decline from peak	-0.67%	-1.90%	+1.23%
Average Drawdown Average peak-to-trough decline	-5.03%	-11.17%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.47%	-0.16%

Volatility

MVED.L vs. ISEU.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 2.77%, while iShares MSCI Europe UCITS Dist (ISEU.L) has a volatility of 3.90%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than ISEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVED.L	ISEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	3.90%	-1.13%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	12.09%	-4.62%
Volatility (1Y) Calculated over the trailing 1-year period	8.96%	14.15%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	15.22%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.59%	16.20%	-3.61%

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

MVED.L has a 0.25% expense ratio, which is lower than ISEU.L's 1.00% expense ratio.

Dividends

MVED.L vs. ISEU.L - Dividend Comparison

MVED.L's dividend yield for the trailing twelve months is around 2.52%, which matches ISEU.L's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISEU.L iShares MSCI Europe UCITS Dist	2.50%	2.46%	3.00%	2.81%	2.86%	2.36%	1.91%	3.03%	3.28%	2.48%
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	2.52%	2.69%	2.56%	2.67%	2.95%	2.16%	2.54%	2.81%	2.51%	0.00%

Frequently Asked Questions

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

MVED.L and ISEU.L have a correlation of 0.68, 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 ISEU.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 ISEU.L?

MVED.L is cheaper with a 0.25% expense ratio, compared with 1.00% for ISEU.L.

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

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.25% for MVED.L and 1.00% for ISEU.L.