S100.L vs. IEFV.L

Last updated Jun 26, 2026

S100.L (Invesco FTSE 100 UCITS ETF) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - S100.L tracks the FTSE AllSh TR GBP while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, S100.L returned 9.60%/yr vs 12.59%/yr for IEFV.L. Their correlation of 0.84 suggests significant overlap in exposure. S100.L charges 0.09%/yr vs 0.25%/yr for IEFV.L.

Performance

S100.L vs. IEFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE 100 UCITS ETF (S100.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, S100.L achieves a 7.81% return, which is significantly lower than IEFV.L's 14.64% return. Over the past 10 years, S100.L has underperformed IEFV.L with an annualized return of 9.60%, while IEFV.L has yielded a comparatively higher 12.59% annualized return.

S100.L

• 1D: 0.79%
• 1M: 0.21%
• YTD: 7.81%
• 6M: 8.58%
• 1Y: 24.54%
• 3Y*: 16.10%
• 5Y*: 11.88%
• 10Y*: 9.60%

IEFV.L

• 1D: 1.36%
• 1M: 1.12%
• YTD: 14.64%
• 6M: 15.38%
• 1Y: 38.77%
• 3Y*: 22.78%
• 5Y*: 15.04%
• 10Y*: 12.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

S100.L vs. IEFV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
S100.L Invesco FTSE 100 UCITS ETF	7.81%	25.76%	9.34%	7.33%	4.91%	17.58%	-11.72%	17.44%	-8.31%	10.86%
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF	14.64%	42.20%	5.40%	11.41%	1.47%	18.58%	-3.74%	15.71%	-12.67%	14.28%

Correlation

The correlation between S100.L and IEFV.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015	0.84

The correlation between S100.L and IEFV.L has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

S100.L vs. IEFV.L - Sectors Allocation Comparison

Sectors	S100.L	IEFV.L
Financial Services	25.0%	23.6%
Industrials	14.0%	18.8%
Consumer Defensive	13.8%	8.6%
Healthcare	13.3%	13.2%
Energy	10.8%	5.2%
Basic Materials	9.0%	5.5%
Consumer Cyclical	5.0%	6.5%
Utilities	4.8%	4.8%
Communication Services	2.5%	3.6%
Real Estate	0.9%	0.7%
Technology	0.8%	9.7%

Return for Risk

S100.L vs. IEFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

S100.L

S100.L Risk / Return Rank: 71
S100.L Sharpe Ratio Rank: 79
S100.L Sortino Ratio Rank: 77
S100.L Omega Ratio Rank: 78
S100.L Calmar Ratio Rank: 63
S100.L Martin Ratio Rank: 57

IEFV.L

IEFV.L Risk / Return Rank: 87
IEFV.L Sharpe Ratio Rank: 93
IEFV.L Sortino Ratio Rank: 92
IEFV.L Omega Ratio Rank: 92
IEFV.L Calmar Ratio Rank: 79
IEFV.L Martin Ratio Rank: 79

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.

S100.L vs. IEFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE 100 UCITS ETF (S100.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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.

	S100.L	IEFV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.88	-0.70
Sortino ratio: Return per unit of downside risk	3.00	3.91	-0.91
Omega ratio: Gain probability vs. loss probability	1.40	1.53	-0.13
Calmar ratio: Return relative to maximum drawdown	2.71	3.65	-0.94
Martin ratio: Return relative to average drawdown	8.82	13.42	-4.60

S100.L vs. IEFV.L - Sharpe Ratio Comparison

The current S100.L Sharpe Ratio is 2.18, which is comparable to the IEFV.L Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of S100.L and IEFV.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.

Drawdowns

S100.L vs. IEFV.L - Drawdown Comparison

The maximum S100.L drawdown since its inception was -34.58%, roughly equal to the maximum IEFV.L drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for S100.L and IEFV.L.

Drawdown Indicators

	S100.L	IEFV.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.58%	-34.64%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-10.57%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.04%	-15.02%	+1.98%
Max Drawdown (5Y) Largest decline over 5 years	-13.04%	-16.16%	+3.12%
Max Drawdown (10Y) Largest decline over 10 years	-34.58%	-34.64%	+0.06%
Current Drawdown Current decline from peak	-2.20%	0.00%	-2.20%
Average Drawdown Average peak-to-trough decline	-4.29%	-6.18%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.88%	-0.10%

Volatility

S100.L vs. IEFV.L - Volatility Comparison

The current volatility for Invesco FTSE 100 UCITS ETF (S100.L) is 3.01%, while iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a volatility of 3.84%. This indicates that S100.L experiences smaller price fluctuations and is considered to be less risky than IEFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S100.L	IEFV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	3.84%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	11.09%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.20%	13.43%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	17.10%	-4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	17.58%	-2.63%

S100.L vs. IEFV.L - Expense Ratio Comparison

S100.L has a 0.09% expense ratio, which is lower than IEFV.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

S100.L vs. IEFV.L - Dividend Comparison

Neither S100.L nor IEFV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both S100.L and IEFV.L in my portfolio?

S100.L and IEFV.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, S100.L or IEFV.L?

On fees, S100.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, S100.L or IEFV.L?

S100.L is cheaper with a 0.09% expense ratio, compared with 0.25% for IEFV.L.

What is the main difference between S100.L and IEFV.L?

S100.L tracks FTSE AllSh TR GBP, while IEFV.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for S100.L and 0.25% for IEFV.L.