MVED.L vs. LDEU.L
MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) are both Europe Equities funds - MVED.L tracks the MSCI Europe NR EUR while LDEU.L tracks the L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. Both are passively managed. Over the past 5 years, MVED.L returned 7.01%/yr vs 17.00%/yr for LDEU.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MVED.L vs. LDEU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVED.L achieves a 8.45% return, which is significantly lower than LDEU.L's 14.76% 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*
- —
LDEU.L
- 1D
- -0.31%
- 1M
- 0.93%
- 6M
- 11.68%
- YTD
- 14.76%
- 1Y
- 29.16%
- 3Y*
- 25.18%
- 5Y*
- 17.00%
- 10Y*
- —
MVED.L vs. LDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 8.45% | 11.81% | 11.70% | 10.68% | -12.60% | 15.36% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 14.76% | 37.56% | 14.64% | 16.76% | -3.16% | 9.14% |
Correlation
The correlation between MVED.L and LDEU.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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.73 |
The correlation between MVED.L and LDEU.L has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVED.L vs. LDEU.L — Risk / Return Rank
MVED.L
LDEU.L
MVED.L vs. LDEU.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 L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.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 | LDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.45 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 4.32 | -2.71 |
| Martin ratioReturn relative to average drawdown | 4.91 | 15.11 | -10.20 |
Loading charts...
Drawdowns
MVED.L vs. LDEU.L - Drawdown Comparison
The maximum MVED.L drawdown since its inception was -30.52%, which is greater than LDEU.L's maximum drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for MVED.L and LDEU.L.
Loading charts...
Drawdown Indicators
| MVED.L | LDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.52% | -20.16% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -6.80% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -14.78% | +4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | -20.16% | +0.58% |
Current DrawdownCurrent decline from peak | -0.67% | -0.54% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -3.03% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.95% | +0.36% |
Volatility
MVED.L vs. LDEU.L - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) have volatilities of 2.77% and 2.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVED.L | LDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.88% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 9.37% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 11.66% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 14.39% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.59% | 14.25% | -1.66% |
MVED.L vs. LDEU.L - Expense Ratio Comparison
Both MVED.L and LDEU.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. LDEU.L - Dividend Comparison
MVED.L's dividend yield for the trailing twelve months is around 2.52%, less than LDEU.L's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 3.52% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
MVED.L and LDEU.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.
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 LDEU.L have the same expense ratio: 0.25% per year.
MVED.L tracks MSCI Europe NR EUR, while LDEU.L tracks L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. They also come from different issuers: BlackRock and L&G.
Find the right allocation for MVED.L and LDEU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer