PARI.L vs. IEVL.L
PARI.L (Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - PARI.L tracks the Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 5 years, PARI.L returned 6.59%/yr vs 15.56%/yr for IEVL.L. Their correlation of 0.80 suggests significant overlap in exposure. PARI.L charges 0.15%/yr vs 0.25%/yr for IEVL.L.
Performance
PARI.L vs. IEVL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PARI.L achieves a 9.19% return, which is significantly lower than IEVL.L's 16.34% return.
PARI.L
- 1D
- 0.21%
- 1M
- 1.42%
- 6M
- 5.33%
- YTD
- 9.19%
- 1Y
- 12.95%
- 3Y*
- 8.40%
- 5Y*
- 6.59%
- 10Y*
- —
IEVL.L
- 1D
- -0.07%
- 1M
- 1.17%
- 6M
- 13.20%
- YTD
- 16.34%
- 1Y
- 34.34%
- 3Y*
- 21.76%
- 5Y*
- 15.56%
- 10Y*
- 11.11%
PARI.L vs. IEVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PARI.L Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF | 9.19% | 5.82% | 7.25% | 15.81% | -10.70% | 23.80% | 11.15% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 16.34% | 35.04% | 10.57% | 13.52% | -3.79% | 26.68% | 16.94% |
Correlation
The correlation between PARI.L and IEVL.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.80 |
The correlation between PARI.L and IEVL.L has been stable across timeframes, ranging from 0.79 to 0.82 - 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
PARI.L vs. IEVL.L — Risk / Return Rank
PARI.L
IEVL.L
PARI.L vs. IEVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF (PARI.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.
| PARI.L | IEVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.49 | -2.29 |
| Martin ratioReturn relative to average drawdown | 4.10 | 13.14 | -9.04 |
Loading charts...
Drawdowns
PARI.L vs. IEVL.L - Drawdown Comparison
The maximum PARI.L drawdown since its inception was -21.18%, smaller than the maximum IEVL.L drawdown of -40.09%. Use the drawdown chart below to compare losses from any high point for PARI.L and IEVL.L.
Loading charts...
Drawdown Indicators
| PARI.L | IEVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.18% | -40.09% | +18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -9.79% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -17.43% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -19.55% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.09% | — |
Current DrawdownCurrent decline from peak | -2.01% | -1.07% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -7.43% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.61% | +0.54% |
Volatility
PARI.L vs. IEVL.L - Volatility Comparison
The current volatility for Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF (PARI.L) is 3.37%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.24%. This indicates that PARI.L experiences smaller price fluctuations and is considered to be less risky than IEVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PARI.L | IEVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 4.24% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 11.83% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 14.14% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 15.37% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 17.28% | -2.92% |
PARI.L vs. IEVL.L - Expense Ratio Comparison
PARI.L has a 0.15% expense ratio, which is lower than IEVL.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PARI.L vs. IEVL.L - Dividend Comparison
Neither PARI.L nor IEVL.L has paid dividends to shareholders.
Frequently Asked Questions
PARI.L and IEVL.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PARI.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PARI.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IEVL.L.
PARI.L tracks Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.15% for PARI.L and 0.25% for IEVL.L.
Find the right allocation for PARI.L and IEVL.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