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VERX.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VERX.L vs. MVOL.L

Last updated Jun 5, 2026

VERX.L (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - VERX.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VERX.L returned 10.76%/yr vs 7.85%/yr for MVOL.L. A 0.60 correlation means they provide meaningful diversification when combined. VERX.L charges 0.10%/yr vs 0.35%/yr for MVOL.L.

Performance

VERX.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VERX.L is traded in GBP, while MVOL.L is traded in USD. To make them comparable, the MVOL.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VERX.L achieves a 6.84% return, which is significantly higher than MVOL.L's 1.07% return. Over the past 10 years, VERX.L has outperformed MVOL.L with an annualized return of 10.76%, while MVOL.L has yielded a comparatively lower 7.85% annualized return.

VERX.L

1D
0.91%
1M
4.05%
YTD
6.84%
6M
9.25%
1Y
19.19%
3Y*
13.86%
5Y*
9.51%
10Y*
10.76%

MVOL.L

1D
0.04%
1M
1.69%
YTD
1.07%
6M
0.74%
1Y
2.42%
3Y*
6.56%
5Y*
6.31%
10Y*
7.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VERX.L vs. MVOL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VERX.L
Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing		6.84%26.34%2.68%15.20%-7.06%16.14%8.53%20.48%-9.68%16.53%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.07%3.11%13.02%1.92%1.12%15.73%-0.45%17.90%3.39%7.25%

Correlation

The correlation between VERX.L and MVOL.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

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

0.38

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

0.47

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

0.58

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2014

0.60

Over the past year, the correlation between VERX.L and MVOL.L has dropped to 0.28 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

VERX.L vs. MVOL.L - Sectors Allocation Comparison

Sectors
VERX.L
MVOL.L

Financial Services

23.9%
14.0%

Industrials

21.4%
9.2%

Healthcare

12.7%
13.8%

Technology

10.9%
20.1%

Consumer Cyclical

7.3%
5.6%

Consumer Defensive

6.6%
10.9%

Utilities

4.9%
8.0%

Basic Materials

4.6%
1.1%

Energy

3.4%
4.5%

Communication Services

3.1%
12.1%

Real Estate

1.2%
0.7%

Financial Services

VERX.L
23.9%
MVOL.L
14.0%

Industrials

VERX.L
21.4%
MVOL.L
9.2%

Healthcare

VERX.L
12.7%
MVOL.L
13.8%

Technology

VERX.L
10.9%
MVOL.L
20.1%

Consumer Cyclical

VERX.L
7.3%
MVOL.L
5.6%

Consumer Defensive

VERX.L
6.6%
MVOL.L
10.9%

Utilities

VERX.L
4.9%
MVOL.L
8.0%

Basic Materials

VERX.L
4.6%
MVOL.L
1.1%

Energy

VERX.L
3.4%
MVOL.L
4.5%

Communication Services

VERX.L
3.1%
MVOL.L
12.1%

Real Estate

VERX.L
1.2%
MVOL.L
0.7%

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Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with VERX.L:
VERX.L vs. IEUX.LVERX.L vs. CEUG.LVERX.L vs. XUEK.LVERX.L vs. VUAA.LVERX.L vs. IQQY.DEVERX.L vs. JPMVERX.L vs. VUAG.L
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

VERX.L vs. MVOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VERX.L
VERX.L Risk / Return Rank: 4040
Overall Rank
VERX.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
VERX.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
VERX.L Omega Ratio Rank: 4444
Omega Ratio Rank
VERX.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
VERX.L Martin Ratio Rank: 3939
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
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.

VERX.L vs. MVOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.

VERX.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
1.46
0.27

+1.19

Sortino ratioReturn per unit of downside risk
2.11
0.44

+1.67

Omega ratioGain probability vs. loss probability

1.28

1.05

+0.22

Calmar ratioReturn relative to maximum drawdown

1.70

0.41

+1.29

Martin ratioReturn relative to average drawdown

6.07

1.06

+5.01

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

VERX.L vs. MVOL.L - Sharpe Ratio Comparison

The current VERX.L Sharpe Ratio is 1.46, which is higher than the MVOL.L Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of VERX.L and MVOL.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

VERX.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

0.27

+1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.59

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.63

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.79

-0.17

Drawdowns

VERX.L vs. MVOL.L - Drawdown Comparison

The maximum VERX.L drawdown since its inception was -27.64%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for VERX.L and MVOL.L.

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Drawdown Indicators

VERX.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.64%

-20.24%

-7.40%

Max Drawdown (1Y)

Largest decline over 1 year

-11.26%

-5.89%

-5.37%

Max Drawdown (3Y)

Largest decline over 3 years

-13.27%

-8.78%

-4.49%

Max Drawdown (5Y)

Largest decline over 5 years

-20.31%

-10.44%

-9.87%

Max Drawdown (10Y)

Largest decline over 10 years

-27.64%

-20.24%

-7.40%

Current Drawdown

Current decline from peak

-0.55%

-3.42%

+2.87%

Average Drawdown

Average peak-to-trough decline

-4.58%

-3.64%

-0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

2.29%

+0.86%

Volatility

VERX.L vs. MVOL.L - Volatility Comparison

Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) has a higher volatility of 4.13% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.89%. This indicates that VERX.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VERX.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

2.89%

+1.24%

Volatility (6M)

Calculated over the trailing 6-month period

10.83%

6.88%

+3.95%

Volatility (1Y)

Calculated over the trailing 1-year period

13.09%

8.81%

+4.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.79%

10.63%

+4.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.57%

12.49%

+3.08%

VERX.L vs. MVOL.L - Expense Ratio Comparison

VERX.L has a 0.10% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

VERX.L vs. MVOL.L - Dividend Comparison

VERX.L's dividend yield for the trailing twelve months is around 2.46%, while MVOL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VERX.L
Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing		2.46%2.62%2.94%2.72%2.92%2.33%1.97%2.95%3.14%2.68%2.64%2.56%

Frequently Asked Questions

VERX.L and MVOL.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VERX.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VERX.L is cheaper with a 0.10% expense ratio, compared with 0.35% for MVOL.L.

VERX.L is categorized as Europe Equities, while MVOL.L is Global Equities. VERX.L tracks MSCI Europe Ex UK NR EUR, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VERX.L and 0.35% for MVOL.L.

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