RIEU.L vs. MVEU.L
RIEU.L (L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - RIEU.L tracks the L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, RIEU.L returned 8.33%/yr vs 7.00%/yr for MVEU.L. Their correlation of 0.84 suggests significant overlap in exposure. RIEU.L charges 0.10%/yr vs 0.25%/yr for MVEU.L.
Performance
RIEU.L vs. MVEU.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RIEU.L having a 8.55% return and MVEU.L slightly lower at 8.54%.
RIEU.L
- 1D
- -0.50%
- 1M
- 1.30%
- 6M
- 5.51%
- YTD
- 8.55%
- 1Y
- 16.21%
- 3Y*
- 12.73%
- 5Y*
- 8.33%
- 10Y*
- —
MVEU.L
- 1D
- -0.03%
- 1M
- 1.45%
- 6M
- 6.45%
- YTD
- 8.54%
- 1Y
- 11.41%
- 3Y*
- 11.85%
- 5Y*
- 7.00%
- 10Y*
- 6.87%
RIEU.L vs. MVEU.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% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 8.54% | 11.66% | 11.79% | 10.66% | -12.67% | 21.67% | -3.86% | 6.60% |
Correlation
The correlation between RIEU.L and MVEU.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2019 | 0.84 |
The correlation between RIEU.L and MVEU.L has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
RIEU.L vs. MVEU.L — Risk / Return Rank
RIEU.L
MVEU.L
RIEU.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.61 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.67 | 4.99 | +0.68 |
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Drawdowns
RIEU.L vs. MVEU.L - Drawdown Comparison
The maximum RIEU.L drawdown since its inception was -34.22%, which is greater than MVEU.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for RIEU.L and MVEU.L.
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Drawdown Indicators
| RIEU.L | MVEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -30.56% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -7.04% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -10.78% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -19.51% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.56% | — |
Current DrawdownCurrent decline from peak | -2.14% | -0.72% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -4.53% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.28% | +0.64% |
Volatility
RIEU.L vs. MVEU.L - Volatility Comparison
L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) has a higher volatility of 2.98% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.44%. This indicates that RIEU.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.44% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 7.21% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 8.79% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 11.05% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 12.15% | +4.45% |
RIEU.L vs. MVEU.L - Expense Ratio Comparison
RIEU.L has a 0.10% expense ratio, which is lower than MVEU.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. MVEU.L - Dividend Comparison
Neither RIEU.L nor MVEU.L has paid dividends to shareholders.
Frequently Asked Questions
RIEU.L and MVEU.L have a correlation of 0.75, 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 MVEU.L.
RIEU.L tracks L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for RIEU.L and 0.25% for MVEU.L.
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