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SPOL.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPOL.L vs. IEVL.L

Last updated Jun 4, 2026

SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds from iShares - SPOL.L tracks the MSCI Poland NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, SPOL.L returned 10.37%/yr vs 11.87%/yr for IEVL.L. A 0.55 correlation means they provide meaningful diversification when combined. SPOL.L charges 0.74%/yr vs 0.25%/yr for IEVL.L.

Performance

SPOL.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPOL.L is traded in GBp, while IEVL.L is traded in EUR. To make them comparable, the IEVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPOL.L achieves a 14.98% return, which is significantly higher than IEVL.L's 12.96% return. Over the past 10 years, SPOL.L has underperformed IEVL.L with an annualized return of 10.37%, while IEVL.L has yielded a comparatively higher 11.87% annualized return.

SPOL.L

1D
0.05%
1M
6.06%
YTD
14.98%
6M
24.72%
1Y
44.16%
3Y*
30.21%
5Y*
14.86%
10Y*
10.37%

IEVL.L

1D
-0.55%
1M
4.04%
YTD
12.96%
6M
16.71%
1Y
36.59%
3Y*
21.67%
5Y*
14.61%
10Y*
11.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPOL.L vs. IEVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPOL.L
iShares MSCI Poland UCITS ETF USD (Acc)		14.98%61.27%-4.98%41.52%-17.96%8.30%-14.19%-9.68%-7.69%40.45%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		12.96%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between SPOL.L and IEVL.L is 0.57, 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

0.57

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

0.54

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

0.57

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

0.57

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.55

The correlation between SPOL.L and IEVL.L has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

SPOL.L vs. IEVL.L - Sectors Allocation Comparison

Sectors
SPOL.L
IEVL.L

Financial Services

48.0%
22.6%

Energy

16.7%
5.1%

Consumer Cyclical

10.9%
6.2%

Basic Materials

9.8%
6.2%

Consumer Defensive

5.4%
8.6%

Communication Services

3.2%
3.7%

Technology

2.2%
12.2%

Utilities

2.0%
4.5%

Industrials

1.9%
17.0%

Healthcare

-

12.3%

Real Estate

-

0.6%

Financial Services

SPOL.L
48.0%
IEVL.L
22.6%

Energy

SPOL.L
16.7%
IEVL.L
5.1%

Consumer Cyclical

SPOL.L
10.9%
IEVL.L
6.2%

Basic Materials

SPOL.L
9.8%
IEVL.L
6.2%

Consumer Defensive

SPOL.L
5.4%
IEVL.L
8.6%

Communication Services

SPOL.L
3.2%
IEVL.L
3.7%

Technology

SPOL.L
2.2%
IEVL.L
12.2%

Utilities

SPOL.L
2.0%
IEVL.L
4.5%

Industrials

SPOL.L
1.9%
IEVL.L
17.0%

Healthcare

SPOL.L

-

IEVL.L
12.3%

Real Estate

SPOL.L

-

IEVL.L
0.6%

Compare stocks, funds, or ETFs

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iShares MSCI Poland UCITS ETF USD (Acc)

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

Often compared with SPOL.L:
SPOL.L vs. IBCJ.DESPOL.L vs. VOOSPOL.L vs. WDEP.LSPOL.L vs. FLXD.LSPOL.L vs. XD5E.LSPOL.L vs. LCPE.LSPOL.L vs. EEIP.L
Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

SPOL.L vs. IEVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPOL.L
SPOL.L Risk / Return Rank: 6262
Overall Rank
SPOL.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SPOL.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
SPOL.L Omega Ratio Rank: 5050
Omega Ratio Rank
SPOL.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
SPOL.L Martin Ratio Rank: 6262
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7070
Overall Rank
IEVL.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7272
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6767
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.

SPOL.L vs. IEVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.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.

SPOL.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
1.90
2.70

-0.80

Sortino ratioReturn per unit of downside risk
2.61
3.63

-1.01

Omega ratioGain probability vs. loss probability

1.31

1.49

-0.18

Calmar ratioReturn relative to maximum drawdown

4.62

3.44

+1.18

Martin ratioReturn relative to average drawdown

11.04

12.78

-1.74

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

SPOL.L vs. IEVL.L - Sharpe Ratio Comparison

The current SPOL.L Sharpe Ratio is 1.90, which is comparable to the IEVL.L Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of SPOL.L and IEVL.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

SPOL.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.90

2.70

-0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.96

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.69

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.57

-0.41

Drawdowns

SPOL.L vs. IEVL.L - Drawdown Comparison

The maximum SPOL.L drawdown since its inception was -56.64%, which is greater than IEVL.L's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for SPOL.L and IEVL.L.

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Drawdown Indicators

SPOL.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.64%

-34.82%

-21.82%

Max Drawdown (1Y)

Largest decline over 1 year

-9.51%

-10.59%

+1.08%

Max Drawdown (3Y)

Largest decline over 3 years

-19.47%

-16.33%

-3.14%

Max Drawdown (5Y)

Largest decline over 5 years

-46.27%

-16.48%

-29.79%

Max Drawdown (10Y)

Largest decline over 10 years

-56.64%

-34.82%

-21.82%

Current Drawdown

Current decline from peak

-1.16%

-0.86%

-0.30%

Average Drawdown

Average peak-to-trough decline

-21.80%

-6.05%

-15.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

2.86%

+1.13%

Volatility

SPOL.L vs. IEVL.L - Volatility Comparison

iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a higher volatility of 7.20% compared to iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) at 4.86%. This indicates that SPOL.L's price experiences larger fluctuations and is considered to be riskier 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

SPOL.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.20%

4.86%

+2.34%

Volatility (6M)

Calculated over the trailing 6-month period

17.30%

11.03%

+6.27%

Volatility (1Y)

Calculated over the trailing 1-year period

23.18%

13.50%

+9.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.10%

15.24%

+11.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.42%

17.13%

+8.29%

SPOL.L vs. IEVL.L - Expense Ratio Comparison

SPOL.L has a 0.74% expense ratio, which is higher than IEVL.L's 0.25% expense ratio.

Dividends

SPOL.L vs. IEVL.L - Dividend Comparison

Neither SPOL.L nor IEVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SPOL.L and IEVL.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.74% for SPOL.L.

SPOL.L tracks MSCI Poland NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index. Their fees differ too: 0.74% for SPOL.L and 0.25% for IEVL.L.

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