PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PSRE.L vs. MVED.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSRE.L vs. MVED.L

Last updated Jun 5, 2026

PSRE.L (Invesco FTSE RAFI Europe UCITS ETF) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - PSRE.L tracks the MSCI Europe Value NR EUR while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, PSRE.L returned 12.83%/yr vs 6.20%/yr for MVED.L. A 0.73 correlation means they provide meaningful diversification when combined. PSRE.L charges 0.39%/yr vs 0.25%/yr for MVED.L.

Performance

PSRE.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

PSRE.L is traded in GBp, while MVED.L is traded in EUR. To make them comparable, the MVED.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 higher than MVED.L's 3.83% 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%

MVED.L

1D
0.40%
1M
-0.40%
YTD
3.83%
6M
5.01%
1Y
5.15%
3Y*
8.26%
5Y*
6.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
PSRE.L
Invesco FTSE RAFI Europe UCITS ETF		8.21%33.93%6.05%13.49%1.85%17.97%-3.60%14.49%-8.02%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		3.83%14.60%3.94%8.51%-8.08%14.30%1.58%15.71%0.07%

Correlation

The correlation between PSRE.L and MVED.L is 0.70, 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

0.70

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

0.72

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

0.71

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.73

The correlation between PSRE.L and MVED.L has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

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

Sectors
PSRE.L
MVED.L

Financial Services

21.5%
17.8%

Energy

13.2%
6.9%

Industrials

12.0%
15.7%

Healthcare

10.6%
13.1%

Basic Materials

9.9%
5.7%

Consumer Defensive

9.3%
13.2%

Consumer Cyclical

9.2%
3.7%

Communication Services

5.0%
9.5%

Technology

4.7%
2.8%

Utilities

4.3%
10.1%

Real Estate

0.3%
1.6%

Financial Services

PSRE.L
21.5%
MVED.L
17.8%

Energy

PSRE.L
13.2%
MVED.L
6.9%

Industrials

PSRE.L
12.0%
MVED.L
15.7%

Healthcare

PSRE.L
10.6%
MVED.L
13.1%

Basic Materials

PSRE.L
9.9%
MVED.L
5.7%

Consumer Defensive

PSRE.L
9.3%
MVED.L
13.2%

Consumer Cyclical

PSRE.L
9.2%
MVED.L
3.7%

Communication Services

PSRE.L
5.0%
MVED.L
9.5%

Technology

PSRE.L
4.7%
MVED.L
2.8%

Utilities

PSRE.L
4.3%
MVED.L
10.1%

Real Estate

PSRE.L
0.3%
MVED.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 Minimum Volatility UCITS ETF EUR (Dist)

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 MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. PRUK.LMVED.L vs. WDEP.LMVED.L vs. OPEN.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

PSRE.L vs. MVED.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
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
2.23
0.57

+1.66

Sortino ratioReturn per unit of downside risk
2.95
0.82

+2.13

Omega ratioGain probability vs. loss probability

1.41

1.11

+0.30

Calmar ratioReturn relative to maximum drawdown

2.59

0.63

+1.97

Martin ratioReturn relative to average drawdown

9.56

1.77

+7.79

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. MVED.L - Sharpe Ratio Comparison

The current PSRE.L Sharpe Ratio is 2.23, which is higher than the MVED.L Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of PSRE.L and MVED.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.

Loading charts...

Sharpe Ratios by Period

PSRE.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

0.57

+1.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.55

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.49

-0.10

Drawdowns

PSRE.L vs. MVED.L - Drawdown Comparison

The maximum PSRE.L drawdown since its inception was -44.68%, which is greater than MVED.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for PSRE.L and MVED.L.

Loading charts...

Drawdown Indicators

PSRE.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.68%

-24.31%

-20.37%

Max Drawdown (1Y)

Largest decline over 1 year

-9.69%

-8.28%

-1.41%

Max Drawdown (3Y)

Largest decline over 3 years

-12.80%

-8.28%

-4.52%

Max Drawdown (5Y)

Largest decline over 5 years

-15.92%

-17.36%

+1.44%

Max Drawdown (10Y)

Largest decline over 10 years

-33.25%

—

—

Current Drawdown

Current decline from peak

-1.24%

-5.37%

+4.13%

Average Drawdown

Average peak-to-trough decline

-5.66%

-4.10%

-1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.94%

-0.31%

Volatility

PSRE.L vs. MVED.L - Volatility Comparison

Invesco FTSE RAFI Europe UCITS ETF (PSRE.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) have volatilities of 2.95% and 2.97%, 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.

Loading charts...

Volatility by Period

PSRE.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

2.97%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

7.67%

+1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

11.29%

9.18%

+2.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.06%

11.29%

+2.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

12.95%

+3.14%

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

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

Dividends

PSRE.L vs. MVED.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%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 MVED.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

Portfolio Optimizer

Find the right allocation for PSRE.L and MVED.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