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

MVEU.L vs. IMV.L

Last updated Jun 6, 2026

MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, MVEU.L returned 6.63%/yr vs 6.61%/yr for IMV.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

MVEU.L vs. IMV.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 Min Volatility UCITS (IMV.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 IMV.L is traded in GBp. To make them comparable, the IMV.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 6.31% return, which is significantly higher than IMV.L's 5.93% return. Both investments have delivered pretty close results over the past 10 years, with MVEU.L having a 6.63% annualized return and IMV.L not far behind at 6.61%.

MVEU.L

1D
0.44%
1M
0.22%
YTD
6.31%
6M
7.60%
1Y
5.80%
3Y*
10.44%
5Y*
7.49%
10Y*
6.63%

IMV.L

1D
0.24%
1M
-0.18%
YTD
5.93%
6M
7.34%
1Y
5.71%
3Y*
10.33%
5Y*
7.45%
10Y*
6.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.31%11.66%11.79%10.66%-12.67%21.67%-3.86%22.42%-3.82%9.48%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		5.93%11.52%11.78%10.86%-12.59%21.08%-4.01%23.77%-4.11%8.83%

Correlation

The correlation between MVEU.L and IMV.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

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

0.95

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

0.95

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

0.92

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2012

0.92

The correlation between MVEU.L and IMV.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

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

Sectors
MVEU.L
IMV.L

Financial Services

17.6%
17.9%

Industrials

14.8%
15.4%

Consumer Defensive

13.1%
13.1%

Healthcare

12.8%
13.0%

Utilities

10.2%
10.2%

Communication Services

9.6%
9.6%

Energy

7.0%
7.1%

Basic Materials

5.5%
5.6%

Consumer Cyclical

3.8%
3.6%

Technology

2.8%
2.8%

Real Estate

1.6%
1.6%

Financial Services

MVEU.L
17.6%
IMV.L
17.9%

Industrials

MVEU.L
14.8%
IMV.L
15.4%

Consumer Defensive

MVEU.L
13.1%
IMV.L
13.1%

Healthcare

MVEU.L
12.8%
IMV.L
13.0%

Utilities

MVEU.L
10.2%
IMV.L
10.2%

Communication Services

MVEU.L
9.6%
IMV.L
9.6%

Energy

MVEU.L
7.0%
IMV.L
7.1%

Basic Materials

MVEU.L
5.5%
IMV.L
5.6%

Consumer Cyclical

MVEU.L
3.8%
IMV.L
3.6%

Technology

MVEU.L
2.8%
IMV.L
2.8%

Real Estate

MVEU.L
1.6%
IMV.L
1.6%

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

iShares Edge MSCI Europe Min Volatility UCITS

Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.LMVEU.L vs. EUHD.L
Often compared with IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

MVEU.L vs. IMV.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: 2121
Overall Rank
MVEU.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 2020
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 2121
Martin Ratio Rank
IMV.L
IMV.L Risk / Return Rank: 2525
Overall Rank
IMV.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2828
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2424
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. IMV.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 Min Volatility UCITS (IMV.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.

MVEU.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
0.67
0.63

+0.04

Sortino ratioReturn per unit of downside risk
0.98
0.92

+0.06

Omega ratioGain probability vs. loss probability

1.12

1.12

0.00

Calmar ratioReturn relative to maximum drawdown

0.82

0.78

+0.04

Martin ratioReturn relative to average drawdown

2.15

2.06

+0.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MVEU.L Sharpe Ratio is 0.67, which is comparable to the IMV.L Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of MVEU.L and IMV.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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Sharpe Ratios by Period

MVEU.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

0.63

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.67

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.52

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.47

+0.17

Drawdowns

MVEU.L vs. IMV.L - Drawdown Comparison

The maximum MVEU.L drawdown since its inception was -30.56%, roughly equal to the maximum IMV.L drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for MVEU.L and IMV.L.

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Drawdown Indicators

MVEU.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.56%

-30.64%

+0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-7.04%

-7.25%

+0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-10.78%

-10.31%

-0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-19.51%

-19.86%

+0.35%

Max Drawdown (10Y)

Largest decline over 10 years

-30.56%

-30.64%

+0.08%

Current Drawdown

Current decline from peak

-2.64%

-3.07%

+0.43%

Average Drawdown

Average peak-to-trough decline

-4.56%

-5.45%

+0.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.61%

-0.04%

Volatility

MVEU.L vs. IMV.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) is 2.52%, while iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) has a volatility of 2.66%. This indicates that MVEU.L experiences smaller price fluctuations and is considered to be less risky than IMV.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.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

2.66%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

6.90%

7.35%

-0.45%

Volatility (1Y)

Calculated over the trailing 1-year period

8.59%

8.99%

-0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.06%

11.14%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.49%

12.62%

-0.13%

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

Both MVEU.L and IMV.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. IMV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.93, MVEU.L and IMV.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 IMV.L have the same expense ratio: 0.25% per year.

Both ETFs track MSCI Europe NR EUR.

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