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

PSRE.L vs. IMV.L

Last updated Jun 5, 2026

PSRE.L (Invesco FTSE RAFI Europe UCITS ETF) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - PSRE.L tracks the MSCI Europe Value NR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, PSRE.L returned 11.27%/yr vs 7.68%/yr for IMV.L. A 0.78 correlation means they provide meaningful diversification when combined. PSRE.L charges 0.39%/yr vs 0.25%/yr for IMV.L.

Performance

PSRE.L vs. IMV.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 Min Volatility UCITS (IMV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PSRE.L achieves a 8.21% return, which is significantly higher than IMV.L's 4.72% return. Over the past 10 years, PSRE.L has outperformed IMV.L with an annualized return of 11.27%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

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%

IMV.L

1D
0.51%
1M
-0.33%
YTD
4.72%
6M
6.08%
1Y
8.16%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSRE.L vs. IMV.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%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between PSRE.L and IMV.L is 0.71, 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

0.71

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

0.76

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

0.74

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

0.77

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2013

0.78

The correlation between PSRE.L and IMV.L has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

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

Sectors
PSRE.L
IMV.L

Financial Services

21.5%
17.9%

Energy

13.2%
7.1%

Industrials

12.0%
15.4%

Healthcare

10.6%
13.0%

Basic Materials

9.9%
5.6%

Consumer Defensive

9.3%
13.1%

Consumer Cyclical

9.2%
3.6%

Communication Services

5.0%
9.6%

Technology

4.7%
2.8%

Utilities

4.3%
10.2%

Real Estate

0.3%
1.6%

Financial Services

PSRE.L
21.5%
IMV.L
17.9%

Energy

PSRE.L
13.2%
IMV.L
7.1%

Industrials

PSRE.L
12.0%
IMV.L
15.4%

Healthcare

PSRE.L
10.6%
IMV.L
13.0%

Basic Materials

PSRE.L
9.9%
IMV.L
5.6%

Consumer Defensive

PSRE.L
9.3%
IMV.L
13.1%

Consumer Cyclical

PSRE.L
9.2%
IMV.L
3.6%

Communication Services

PSRE.L
5.0%
IMV.L
9.6%

Technology

PSRE.L
4.7%
IMV.L
2.8%

Utilities

PSRE.L
4.3%
IMV.L
10.2%

Real Estate

PSRE.L
0.3%
IMV.L
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco FTSE RAFI Europe UCITS ETF

iShares Edge MSCI Europe Min Volatility UCITS

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 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

PSRE.L vs. IMV.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
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
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. IMV.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 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.

PSRE.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
2.23
0.91

+1.32

Sortino ratioReturn per unit of downside risk
2.95
1.27

+1.67

Omega ratioGain probability vs. loss probability

1.41

1.17

+0.24

Calmar ratioReturn relative to maximum drawdown

2.59

0.97

+1.62

Martin ratioReturn relative to average drawdown

9.56

2.92

+6.64

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. IMV.L - Sharpe Ratio Comparison

The current PSRE.L Sharpe Ratio is 2.23, which is higher than the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of PSRE.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

PSRE.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

0.91

+1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.69

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.62

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.71

-0.32

Drawdowns

PSRE.L vs. IMV.L - Drawdown Comparison

The maximum PSRE.L drawdown since its inception was -44.68%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for PSRE.L and IMV.L.

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Drawdown Indicators

PSRE.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.68%

-24.48%

-20.20%

Max Drawdown (1Y)

Largest decline over 1 year

-9.69%

-8.50%

-1.19%

Max Drawdown (3Y)

Largest decline over 3 years

-12.80%

-8.50%

-4.30%

Max Drawdown (5Y)

Largest decline over 5 years

-15.92%

-17.42%

+1.50%

Max Drawdown (10Y)

Largest decline over 10 years

-33.25%

-24.48%

-8.77%

Current Drawdown

Current decline from peak

-1.24%

-4.62%

+3.38%

Average Drawdown

Average peak-to-trough decline

-5.66%

-3.57%

-2.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.83%

-0.20%

Volatility

PSRE.L vs. IMV.L - Volatility Comparison

Invesco FTSE RAFI Europe UCITS ETF (PSRE.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) have volatilities of 2.95% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSRE.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

2.89%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

7.71%

+1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

11.29%

9.13%

+2.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.06%

10.97%

+3.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

12.31%

+3.78%

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

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

Dividends

PSRE.L vs. IMV.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		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

PSRE.L and IMV.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IMV.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 IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSRE.L and 0.25% for IMV.L.

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