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MVEU.L vs. IEFV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVEU.L vs. IEFV.L

Last updated Jun 26, 2026

MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds from iShares - MVEU.L tracks the MSCI Europe NR EUR while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, MVEU.L returned 7.69%/yr vs 12.22%/yr for IEFV.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

MVEU.L vs. IEFV.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 (Acc) (MVEU.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MVEU.L is traded in EUR, while IEFV.L is traded in GBp. To make them comparable, the IEFV.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVEU.L achieves a 7.70% return, which is significantly lower than IEFV.L's 16.18% return. Over the past 10 years, MVEU.L has underperformed IEFV.L with an annualized return of 7.69%, while IEFV.L has yielded a comparatively higher 12.22% annualized return.

MVEU.L

1D
0.42%
1M
0.63%
YTD
7.70%
6M
8.02%
1Y
10.85%
3Y*
11.65%
5Y*
7.18%
10Y*
7.69%

IEFV.L

1D
1.51%
1M
1.53%
YTD
16.18%
6M
16.84%
1Y
37.43%
3Y*
22.62%
5Y*
15.01%
10Y*
12.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVEU.L vs. IEFV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		7.70%11.66%11.79%10.66%-12.67%21.67%-3.86%22.42%-3.82%9.48%
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		16.18%34.79%10.49%13.77%-3.76%26.29%-8.97%23.07%-13.74%9.78%

Correlation

The correlation between MVEU.L and IEFV.L is 0.62, 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

0.62

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

0.67

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

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2015

0.73

The correlation between MVEU.L and IEFV.L shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

MVEU.L vs. IEFV.L - Sectors Allocation Comparison

Sectors
MVEU.L
IEFV.L

Financial Services

17.6%
23.6%

Industrials

15.6%
18.8%

Consumer Defensive

14.1%
8.6%

Healthcare

12.3%
13.2%

Utilities

10.1%
4.8%

Communication Services

9.0%
3.6%

Energy

6.9%
5.2%

Basic Materials

5.1%
5.5%

Consumer Cyclical

3.6%
6.5%

Technology

3.4%
9.7%

Real Estate

1.5%
0.7%

Financial Services

MVEU.L
17.6%
IEFV.L
23.6%

Industrials

MVEU.L
15.6%
IEFV.L
18.8%

Consumer Defensive

MVEU.L
14.1%
IEFV.L
8.6%

Healthcare

MVEU.L
12.3%
IEFV.L
13.2%

Utilities

MVEU.L
10.1%
IEFV.L
4.8%

Communication Services

MVEU.L
9.0%
IEFV.L
3.6%

Energy

MVEU.L
6.9%
IEFV.L
5.2%

Basic Materials

MVEU.L
5.1%
IEFV.L
5.5%

Consumer Cyclical

MVEU.L
3.6%
IEFV.L
6.5%

Technology

MVEU.L
3.4%
IEFV.L
9.7%

Real Estate

MVEU.L
1.5%
IEFV.L
0.7%

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

iShares Edge MSCI Europe Value Factor UCITS ETF

Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. PRUK.L
Often compared with IEFV.L:
IEFV.L vs. EVAL.LIEFV.L vs. BRK-BIEFV.L vs. NASL.LIEFV.L vs. SMEA.LIEFV.L vs. UC96.LIEFV.L vs. XDAX.LIEFV.L vs. EFV

Return for Risk

MVEU.L vs. IEFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
Martin Ratio Rank
IEFV.L
IEFV.L Risk / Return Rank: 8787
Overall Rank
IEFV.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
IEFV.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
IEFV.L Omega Ratio Rank: 9292
Omega Ratio Rank
IEFV.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IEFV.L Martin Ratio Rank: 7979
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.

MVEU.L vs. IEFV.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 (Acc) (MVEU.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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.

MVEU.LIEFV.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
2.72

-1.47

Sortino ratioReturn per unit of downside risk
1.76
3.74

-1.97

Omega ratioGain probability vs. loss probability

1.23

1.50

-0.27

Calmar ratioReturn relative to maximum drawdown

1.53

3.79

-2.26

Martin ratioReturn relative to average drawdown

4.75

14.11

-9.37

MVEU.L vs. IEFV.L - Sharpe Ratio Comparison

The current MVEU.L Sharpe Ratio is 1.25, which is lower than the IEFV.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of MVEU.L and IEFV.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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Drawdowns

MVEU.L vs. IEFV.L - Drawdown Comparison

The maximum MVEU.L drawdown since its inception was -30.56%, smaller than the maximum IEFV.L drawdown of -40.78%. Use the drawdown chart below to compare losses from any high point for MVEU.L and IEFV.L.

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Drawdown Indicators

MVEU.LIEFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.56%

-40.78%

+10.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.04%

-9.82%

+2.78%

Max Drawdown (3Y)

Largest decline over 3 years

-10.78%

-16.66%

+5.88%

Max Drawdown (5Y)

Largest decline over 5 years

-19.51%

-19.43%

-0.08%

Max Drawdown (10Y)

Largest decline over 10 years

-30.56%

-40.78%

+10.22%

Current Drawdown

Current decline from peak

-1.37%

0.00%

-1.37%

Average Drawdown

Average peak-to-trough decline

-4.55%

-7.69%

+3.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.65%

-0.37%

Volatility

MVEU.L vs. IEFV.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) is 2.07%, while iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a volatility of 3.93%. This indicates that MVEU.L experiences smaller price fluctuations and is considered to be less risky than IEFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVEU.LIEFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.07%

3.93%

-1.86%

Volatility (6M)

Calculated over the trailing 6-month period

6.99%

11.21%

-4.22%

Volatility (1Y)

Calculated over the trailing 1-year period

8.68%

13.72%

-5.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.06%

17.46%

-6.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.27%

18.26%

-5.99%

MVEU.L vs. IEFV.L - Expense Ratio Comparison

Both MVEU.L and IEFV.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

MVEU.L vs. IEFV.L - Dividend Comparison

Neither MVEU.L nor IEFV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

MVEU.L and IEFV.L have a correlation of 0.62, 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.

MVEU.L and IEFV.L have the same expense ratio: 0.25% per year.

MVEU.L tracks MSCI Europe NR EUR, while IEFV.L tracks MSCI Europe Value NR EUR.

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