RIEU.L vs. IEVL.L
RIEU.L (L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - RIEU.L tracks the L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 5 years, RIEU.L returned 8.33%/yr vs 15.56%/yr for IEVL.L. Their correlation of 0.84 suggests significant overlap in exposure. RIEU.L charges 0.10%/yr vs 0.25%/yr for IEVL.L.
Performance
RIEU.L vs. IEVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, RIEU.L achieves a 8.55% return, which is significantly lower than IEVL.L's 16.34% return.
RIEU.L
- 1D
- -0.50%
- 1M
- 1.30%
- 6M
- 5.51%
- YTD
- 8.55%
- 1Y
- 16.21%
- 3Y*
- 12.73%
- 5Y*
- 8.33%
- 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%
RIEU.L vs. IEVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RIEU.L L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF | 8.55% | 15.57% | 9.47% | 15.33% | -12.34% | 24.84% | 0.23% | 10.89% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 16.34% | 35.04% | 10.57% | 13.52% | -3.79% | 26.68% | -8.75% | 14.35% |
Correlation
The correlation between RIEU.L and IEVL.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2019 | 0.84 |
The correlation between RIEU.L and IEVL.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
RIEU.L vs. IEVL.L — Risk / Return Rank
RIEU.L
IEVL.L
RIEU.L vs. IEVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.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.
| RIEU.L | IEVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.49 | -1.87 |
| Martin ratioReturn relative to average drawdown | 5.67 | 13.14 | -7.47 |
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Drawdowns
RIEU.L vs. IEVL.L - Drawdown Comparison
The maximum RIEU.L drawdown since its inception was -34.22%, smaller than the maximum IEVL.L drawdown of -40.09%. Use the drawdown chart below to compare losses from any high point for RIEU.L and IEVL.L.
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Drawdown Indicators
| RIEU.L | IEVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -40.09% | +5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -9.79% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -17.43% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -19.55% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.09% | — |
Current DrawdownCurrent decline from peak | -2.14% | -1.07% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -7.43% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.61% | +0.31% |
Volatility
RIEU.L vs. IEVL.L - Volatility Comparison
The current volatility for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) is 2.98%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.24%. This indicates that RIEU.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
| RIEU.L | IEVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 4.24% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 11.83% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 14.14% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 15.37% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 17.28% | -0.68% |
RIEU.L vs. IEVL.L - Expense Ratio Comparison
RIEU.L has a 0.10% 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
RIEU.L vs. IEVL.L - Dividend Comparison
Neither RIEU.L nor IEVL.L has paid dividends to shareholders.
Frequently Asked Questions
RIEU.L and IEVL.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RIEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RIEU.L is cheaper with a 0.10% expense ratio, compared with 0.25% for IEVL.L.
RIEU.L tracks L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for RIEU.L and 0.25% for IEVL.L.
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