MVEU.L vs. LDEU.L
MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) are both Europe Equities funds - MVEU.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, MVEU.L returned 7.00%/yr vs 17.00%/yr for LDEU.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MVEU.L vs. LDEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, MVEU.L achieves a 8.54% return, which is significantly lower than LDEU.L's 14.76% return.
MVEU.L
- 1D
- -0.03%
- 1M
- 1.45%
- 6M
- 6.45%
- YTD
- 8.54%
- 1Y
- 11.41%
- 3Y*
- 11.85%
- 5Y*
- 7.00%
- 10Y*
- 6.87%
LDEU.L
- 1D
- -0.31%
- 1M
- 0.93%
- 6M
- 11.68%
- YTD
- 14.76%
- 1Y
- 29.16%
- 3Y*
- 25.18%
- 5Y*
- 17.00%
- 10Y*
- —
MVEU.L vs. LDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 8.54% | 11.66% | 11.79% | 10.66% | -12.67% | 15.54% |
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 MVEU.L and LDEU.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.72 |
The correlation between MVEU.L and LDEU.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
MVEU.L vs. LDEU.L — Risk / Return Rank
MVEU.L
LDEU.L
MVEU.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 (Acc) (MVEU.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.
| MVEU.L | LDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.45 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 4.32 | -2.71 |
| Martin ratioReturn relative to average drawdown | 4.99 | 15.11 | -10.13 |
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Drawdowns
MVEU.L vs. LDEU.L - Drawdown Comparison
The maximum MVEU.L drawdown since its inception was -30.56%, 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 MVEU.L and LDEU.L.
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Drawdown Indicators
| MVEU.L | LDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -20.16% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -6.80% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.78% | -14.78% | +4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -20.16% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.54% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -3.03% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.95% | +0.33% |
Volatility
MVEU.L vs. LDEU.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) is 2.44%, while L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) has a volatility of 2.88%. This indicates that MVEU.L experiences smaller price fluctuations and is considered to be less risky than LDEU.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.L | LDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.88% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 9.37% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 11.66% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 14.39% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.15% | 14.25% | -2.10% |
MVEU.L vs. LDEU.L - Expense Ratio Comparison
Both MVEU.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
MVEU.L vs. LDEU.L - Dividend Comparison
MVEU.L has not paid dividends to shareholders, while LDEU.L's dividend yield for the trailing twelve months is around 3.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVEU.L and LDEU.L have a correlation of 0.65, 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 LDEU.L have the same expense ratio: 0.25% per year.
MVEU.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: iShares and L&G.
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