PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SAEU.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SAEU.L vs. MVEU.L

Last updated Jun 6, 2026

SAEU.L (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, SAEU.L returned 9.65%/yr vs 7.61%/yr for MVEU.L. A 0.78 correlation means they provide meaningful diversification when combined. SAEU.L charges 0.12%/yr vs 0.25%/yr for MVEU.L.

Performance

SAEU.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

SAEU.L is traded in GBP, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SAEU.L achieves a 5.90% return, which is significantly higher than MVEU.L's 5.34% return.

SAEU.L

1D
-0.54%
1M
0.88%
YTD
5.90%
6M
8.16%
1Y
17.91%
3Y*
13.61%
5Y*
9.65%
10Y*
—

MVEU.L

1D
0.30%
1M
0.16%
YTD
5.34%
6M
6.41%
1Y
8.39%
3Y*
10.57%
5Y*
7.61%
10Y*
7.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAEU.L vs. MVEU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SAEU.L
iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)		5.90%24.50%4.05%15.17%-5.84%16.79%4.11%19.09%-14.87%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		5.34%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-1.74%

Correlation

The correlation between SAEU.L and MVEU.L is 0.68, 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

0.68

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

0.73

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

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 22, 2018

0.78

The correlation between SAEU.L and MVEU.L shifts across timeframes, from 0.68 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

SAEU.L vs. MVEU.L - Sectors Allocation Comparison

Sectors
SAEU.L
MVEU.L

Financial Services

27.0%
17.6%

Industrials

19.3%
14.8%

Healthcare

14.8%
12.8%

Technology

9.9%
2.8%

Consumer Cyclical

5.9%
3.8%

Utilities

5.5%
10.2%

Basic Materials

5.1%
5.5%

Consumer Defensive

4.8%
13.1%

Communication Services

4.0%
9.6%

Energy

2.7%
7.0%

Real Estate

0.9%
1.6%

Financial Services

SAEU.L
27.0%
MVEU.L
17.6%

Industrials

SAEU.L
19.3%
MVEU.L
14.8%

Healthcare

SAEU.L
14.8%
MVEU.L
12.8%

Technology

SAEU.L
9.9%
MVEU.L
2.8%

Consumer Cyclical

SAEU.L
5.9%
MVEU.L
3.8%

Utilities

SAEU.L
5.5%
MVEU.L
10.2%

Basic Materials

SAEU.L
5.1%
MVEU.L
5.5%

Consumer Defensive

SAEU.L
4.8%
MVEU.L
13.1%

Communication Services

SAEU.L
4.0%
MVEU.L
9.6%

Energy

SAEU.L
2.7%
MVEU.L
7.0%

Real Estate

SAEU.L
0.9%
MVEU.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.

iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

Often compared with SAEU.L:
SAEU.L vs. SDUE.LSAEU.L vs. IEFM.LSAEU.L vs. VEUR.LSAEU.L vs. EUNL.DESAEU.L vs. FLXD.LSAEU.L vs. WDEP.LSAEU.L vs. IGLN.L
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.LMVEU.L vs. EUHD.L

Return for Risk

SAEU.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAEU.L
SAEU.L Risk / Return Rank: 4242
Overall Rank
SAEU.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SAEU.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
SAEU.L Omega Ratio Rank: 4646
Omega Ratio Rank
SAEU.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
SAEU.L Martin Ratio Rank: 4040
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 2121
Overall Rank
MVEU.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 2020
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 2121
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.

SAEU.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.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.

SAEU.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.42
0.94

+0.47

Sortino ratioReturn per unit of downside risk
2.03
1.33

+0.70

Omega ratioGain probability vs. loss probability

1.27

1.17

+0.10

Calmar ratioReturn relative to maximum drawdown

1.60

1.00

+0.59

Martin ratioReturn relative to average drawdown

5.73

3.09

+2.64

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

SAEU.L vs. MVEU.L - Sharpe Ratio Comparison

The current SAEU.L Sharpe Ratio is 1.42, which is higher than the MVEU.L Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of SAEU.L and MVEU.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

SAEU.LMVEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.42

0.94

+0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.67

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.69

-0.23

Drawdowns

SAEU.L vs. MVEU.L - Drawdown Comparison

The maximum SAEU.L drawdown since its inception was -28.68%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for SAEU.L and MVEU.L.

Loading charts...

Drawdown Indicators

SAEU.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.68%

-23.74%

-4.94%

Max Drawdown (1Y)

Largest decline over 1 year

-11.17%

-8.32%

-2.85%

Max Drawdown (3Y)

Largest decline over 3 years

-12.76%

-8.32%

-4.44%

Max Drawdown (5Y)

Largest decline over 5 years

-17.74%

-17.42%

-0.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.74%

—

Current Drawdown

Current decline from peak

-1.72%

-4.05%

+2.33%

Average Drawdown

Average peak-to-trough decline

-5.13%

-3.52%

-1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

2.71%

+0.41%

Volatility

SAEU.L vs. MVEU.L - Volatility Comparison

iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) has a higher volatility of 3.40% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.44%. This indicates that SAEU.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.

Loading charts...

Volatility by Period

SAEU.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

2.44%

+0.96%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

7.39%

+3.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.60%

8.87%

+3.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.28%

11.29%

+4.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

12.66%

+5.59%

SAEU.L vs. MVEU.L - Expense Ratio Comparison

SAEU.L has a 0.12% 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

SAEU.L vs. MVEU.L - Dividend Comparison

Neither SAEU.L nor MVEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SAEU.L and MVEU.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SAEU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SAEU.L is cheaper with a 0.12% expense ratio, compared with 0.25% for MVEU.L.

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.12% for SAEU.L and 0.25% for MVEU.L.

Portfolio Optimizer

Find the right allocation for SAEU.L and MVEU.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