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PSRE.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSRE.L vs. IEVL.L

Last updated Jun 5, 2026

PSRE.L (Invesco FTSE RAFI Europe UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - PSRE.L tracks the MSCI Europe Value NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, PSRE.L returned 11.27%/yr vs 11.78%/yr for IEVL.L. Their correlation of 0.92 suggests significant overlap in exposure. PSRE.L charges 0.39%/yr vs 0.25%/yr for IEVL.L.

Performance

PSRE.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE RAFI Europe UCITS ETF (PSRE.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, PSRE.L achieves a 8.21% return, which is significantly lower than IEVL.L's 13.06% return. Both investments have delivered pretty close results over the past 10 years, with PSRE.L having a 11.27% annualized return and IEVL.L not far ahead at 11.78%.

PSRE.L

1D
0.44%
1M
1.30%
YTD
8.21%
6M
10.94%
1Y
25.30%
3Y*
18.44%
5Y*
12.83%
10Y*
11.27%

IEVL.L

1D
0.12%
1M
2.70%
YTD
13.06%
6M
15.89%
1Y
35.67%
3Y*
21.79%
5Y*
14.63%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSRE.L vs. IEVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSRE.L
Invesco FTSE RAFI Europe UCITS ETF		8.21%33.93%6.05%13.49%1.85%17.97%-3.60%14.49%-10.13%14.76%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.06%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between PSRE.L and IEVL.L is 0.91, 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

0.91

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

0.93

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

0.92

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

0.92

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.92

The correlation between PSRE.L and IEVL.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

PSRE.L vs. IEVL.L - Sectors Allocation Comparison

Sectors
PSRE.L
IEVL.L

Financial Services

21.5%
22.6%

Energy

13.2%
5.1%

Industrials

12.0%
17.0%

Healthcare

10.6%
12.3%

Basic Materials

9.9%
6.2%

Consumer Defensive

9.3%
8.6%

Consumer Cyclical

9.2%
6.2%

Communication Services

5.0%
3.7%

Technology

4.7%
12.2%

Utilities

4.3%
4.5%

Real Estate

0.3%
0.6%

Financial Services

PSRE.L
21.5%
IEVL.L
22.6%

Energy

PSRE.L
13.2%
IEVL.L
5.1%

Industrials

PSRE.L
12.0%
IEVL.L
17.0%

Healthcare

PSRE.L
10.6%
IEVL.L
12.3%

Basic Materials

PSRE.L
9.9%
IEVL.L
6.2%

Consumer Defensive

PSRE.L
9.3%
IEVL.L
8.6%

Consumer Cyclical

PSRE.L
9.2%
IEVL.L
6.2%

Communication Services

PSRE.L
5.0%
IEVL.L
3.7%

Technology

PSRE.L
4.7%
IEVL.L
12.2%

Utilities

PSRE.L
4.3%
IEVL.L
4.5%

Real Estate

PSRE.L
0.3%
IEVL.L
0.6%

Compare stocks, funds, or ETFs

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Invesco FTSE RAFI Europe UCITS ETF

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

Often compared with PSRE.L:
PSRE.L vs. PSRF.LPSRE.L vs. PSRM.LPSRE.L vs. WQDS.LPSRE.L vs. UB01.LPSRE.L vs. VEUR.LPSRE.L vs. IMIB.LPSRE.L vs. VWRA.L
Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

PSRE.L vs. IEVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSRE.L
PSRE.L Risk / Return Rank: 6262
Overall Rank
PSRE.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
PSRE.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
PSRE.L Omega Ratio Rank: 6969
Omega Ratio Rank
PSRE.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
PSRE.L Martin Ratio Rank: 5656
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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.

PSRE.L vs. IEVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Europe UCITS ETF (PSRE.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.

PSRE.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.68

-0.45

Sortino ratioReturn per unit of downside risk
2.95
3.60

-0.65

Omega ratioGain probability vs. loss probability

1.41

1.48

-0.07

Calmar ratioReturn relative to maximum drawdown

2.59

3.42

-0.82

Martin ratioReturn relative to average drawdown

9.56

12.68

-3.12

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

PSRE.L vs. IEVL.L - Sharpe Ratio Comparison

The current PSRE.L Sharpe Ratio is 2.23, which is comparable to the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of PSRE.L and IEVL.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

PSRE.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

2.68

-0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.96

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.69

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.57

-0.18

Drawdowns

PSRE.L vs. IEVL.L - Drawdown Comparison

The maximum PSRE.L drawdown since its inception was -44.68%, which is greater than IEVL.L's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for PSRE.L and IEVL.L.

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Drawdown Indicators

PSRE.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.68%

-34.82%

-9.86%

Max Drawdown (1Y)

Largest decline over 1 year

-9.69%

-10.59%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-12.80%

-16.33%

+3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-15.92%

-16.48%

+0.56%

Max Drawdown (10Y)

Largest decline over 10 years

-33.25%

-34.82%

+1.57%

Current Drawdown

Current decline from peak

-1.24%

-0.87%

-0.37%

Average Drawdown

Average peak-to-trough decline

-5.66%

-6.05%

+0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.86%

-0.23%

Volatility

PSRE.L vs. IEVL.L - Volatility Comparison

The current volatility for Invesco FTSE RAFI Europe UCITS ETF (PSRE.L) is 2.95%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that PSRE.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.

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Volatility by Period

PSRE.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

4.85%

-1.90%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

11.06%

-2.02%

Volatility (1Y)

Calculated over the trailing 1-year period

11.29%

13.52%

-2.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.06%

15.24%

-1.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

17.13%

-1.04%

PSRE.L vs. IEVL.L - Expense Ratio Comparison

PSRE.L has a 0.39% expense ratio, which is higher than IEVL.L's 0.25% expense ratio.

Dividends

PSRE.L vs. IEVL.L - Dividend Comparison

PSRE.L's dividend yield for the trailing twelve months is around 2.74%, while IEVL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PSRE.L
Invesco FTSE RAFI Europe UCITS ETF		2.74%3.00%3.61%3.55%3.29%2.81%2.09%3.69%3.60%2.77%2.77%2.68%

Frequently Asked Questions

With a correlation of 0.91, PSRE.L and IEVL.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.

On fees, IEVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.39% for PSRE.L.

PSRE.L tracks MSCI Europe Value NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSRE.L and 0.25% for IEVL.L.

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