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PSRW.L vs. IEFM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSRW.L vs. IEFM.L

Last updated Jun 9, 2026

PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) and IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - PSRW.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, PSRW.L returned 12.89%/yr vs 12.57%/yr for IEFM.L. A 0.73 correlation means they provide meaningful diversification when combined. PSRW.L charges 0.39%/yr vs 0.25%/yr for IEFM.L.

Performance

PSRW.L vs. IEFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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, PSRW.L achieves a 14.09% return, which is significantly higher than IEFM.L's 6.32% return. Both investments have delivered pretty close results over the past 10 years, with PSRW.L having a 12.89% annualized return and IEFM.L not far behind at 12.57%.

PSRW.L

1D
-0.50%
1M
2.55%
YTD
14.09%
6M
15.24%
1Y
34.11%
3Y*
18.66%
5Y*
13.16%
10Y*
12.89%

IEFM.L

1D
0.21%
1M
2.16%
YTD
6.32%
6M
9.51%
1Y
19.03%
3Y*
20.47%
5Y*
11.30%
10Y*
12.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSRW.L vs. IEFM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSRW.L
Invesco FTSE RAFI All World 3000 UCITS ETF		14.09%19.97%12.95%10.09%2.42%22.39%2.67%17.83%-7.86%9.35%
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		6.32%33.05%15.03%10.37%-9.80%14.07%17.04%23.39%-9.34%15.91%

Correlation

The correlation between PSRW.L and IEFM.L is 0.62, 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

0.62

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

0.66

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

0.70

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

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2015

0.73

The correlation between PSRW.L and IEFM.L shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

PSRW.L vs. IEFM.L - Sectors Allocation Comparison

Sectors
PSRW.L
IEFM.L

Technology

19.9%
9.2%

Financial Services

18.5%
23.8%

Industrials

9.8%
15.0%

Energy

9.0%
10.3%

Healthcare

8.8%
15.7%

Consumer Cyclical

8.7%
0.5%

Communication Services

7.5%
2.8%

Basic Materials

6.8%
7.6%

Consumer Defensive

5.6%
2.9%

Utilities

3.5%
11.9%

Real Estate

1.8%
0.4%

Technology

PSRW.L
19.9%
IEFM.L
9.2%

Financial Services

PSRW.L
18.5%
IEFM.L
23.8%

Industrials

PSRW.L
9.8%
IEFM.L
15.0%

Energy

PSRW.L
9.0%
IEFM.L
10.3%

Healthcare

PSRW.L
8.8%
IEFM.L
15.7%

Consumer Cyclical

PSRW.L
8.7%
IEFM.L
0.5%

Communication Services

PSRW.L
7.5%
IEFM.L
2.8%

Basic Materials

PSRW.L
6.8%
IEFM.L
7.6%

Consumer Defensive

PSRW.L
5.6%
IEFM.L
2.9%

Utilities

PSRW.L
3.5%
IEFM.L
11.9%

Real Estate

PSRW.L
1.8%
IEFM.L
0.4%

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 All World 3000 UCITS ETF

iShares Edge MSCI Europe Momentum Factor UCITS ETF

Often compared with PSRW.L:
PSRW.L vs. ACWIPSRW.L vs. VWRL.LPSRW.L vs. LDCU.LPSRW.L vs. EXUS.LPSRW.L vs. XDEQ.LPSRW.L vs. VTPSRW.L vs. ^GSPC
Often compared with IEFM.L:
IEFM.L vs. MTUMIEFM.L vs. VUKE.DEIEFM.L vs. CEMR.DEIEFM.L vs. EXO.ASIEFM.L vs. SPYF.DEIEFM.L vs. QDVX.DEIEFM.L vs. ESIF.L

Return for Risk

PSRW.L vs. IEFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSRW.L
PSRW.L Risk / Return Rank: 9393
Overall Rank
PSRW.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
PSRW.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
PSRW.L Omega Ratio Rank: 9595
Omega Ratio Rank
PSRW.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
PSRW.L Martin Ratio Rank: 9191
Martin Ratio Rank
IEFM.L
IEFM.L Risk / Return Rank: 3737
Overall Rank
IEFM.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IEFM.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
IEFM.L Omega Ratio Rank: 3737
Omega Ratio Rank
IEFM.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
IEFM.L Martin Ratio Rank: 4040
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.

PSRW.L vs. IEFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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.

PSRW.LIEFM.LDifference
Sharpe ratioReturn per unit of total volatility
3.56
1.18

+2.38

Sortino ratioReturn per unit of downside risk
4.73
1.78

+2.95

Omega ratioGain probability vs. loss probability

1.67

1.22

+0.45

Calmar ratioReturn relative to maximum drawdown

5.15

1.57

+3.58

Martin ratioReturn relative to average drawdown

19.85

5.80

+14.04

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

PSRW.L vs. IEFM.L - Sharpe Ratio Comparison

The current PSRW.L Sharpe Ratio is 3.56, which is higher than the IEFM.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PSRW.L and IEFM.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

PSRW.LIEFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.56

1.18

+2.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

0.72

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.79

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.71

-0.63

Drawdowns

PSRW.L vs. IEFM.L - Drawdown Comparison

The maximum PSRW.L drawdown since its inception was -78.62%, which is greater than IEFM.L's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for PSRW.L and IEFM.L.

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Drawdown Indicators

PSRW.LIEFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-78.62%

-23.88%

-54.74%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-12.05%

+5.46%

Max Drawdown (3Y)

Largest decline over 3 years

-14.23%

-12.95%

-1.28%

Max Drawdown (5Y)

Largest decline over 5 years

-14.23%

-21.33%

+7.10%

Max Drawdown (10Y)

Largest decline over 10 years

-29.05%

-23.88%

-5.17%

Current Drawdown

Current decline from peak

-1.41%

-2.17%

+0.76%

Average Drawdown

Average peak-to-trough decline

-27.74%

-5.04%

-22.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

3.27%

-1.56%

Volatility

PSRW.L vs. IEFM.L - Volatility Comparison

The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) is 2.65%, while iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a volatility of 3.42%. This indicates that PSRW.L experiences smaller price fluctuations and is considered to be less risky than IEFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSRW.LIEFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

3.42%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.22%

13.84%

-6.62%

Volatility (1Y)

Calculated over the trailing 1-year period

9.56%

16.06%

-6.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.17%

15.62%

-3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.38%

15.94%

-1.56%

PSRW.L vs. IEFM.L - Expense Ratio Comparison

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

Dividends

PSRW.L vs. IEFM.L - Dividend Comparison

PSRW.L's dividend yield for the trailing twelve months is around 1.77%, while IEFM.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PSRW.L
Invesco FTSE RAFI All World 3000 UCITS ETF		1.77%2.00%2.29%2.46%2.58%1.96%1.99%2.45%2.52%2.03%1.93%2.00%

Frequently Asked Questions

PSRW.L and IEFM.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEFM.L is cheaper with a 0.25% expense ratio, compared with 0.39% for PSRW.L.

PSRW.L is categorized as Global Equities, while IEFM.L is Momentum. PSRW.L tracks MSCI ACWI Value NR USD, while IEFM.L tracks MSCI Europe Momentum Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSRW.L and 0.25% for IEFM.L.

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