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VEUR.L vs. IEDL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEUR.L vs. IEDL.L

Last updated Jun 5, 2026

VEUR.L (Vanguard FTSE Developed Europe UCITS ETF Distributing) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - VEUR.L tracks the MSCI Europe NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, VEUR.L returned 10.10%/yr vs 14.62%/yr for IEDL.L. Their correlation of 0.89 suggests significant overlap in exposure. VEUR.L charges 0.10%/yr vs 0.25%/yr for IEDL.L.

Performance

VEUR.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, VEUR.L achieves a 6.65% return, which is significantly lower than IEDL.L's 13.19% return.

VEUR.L

1D
0.73%
1M
3.41%
YTD
6.65%
6M
9.00%
1Y
19.50%
3Y*
14.20%
5Y*
10.10%
10Y*
10.28%

IEDL.L

1D
0.03%
1M
4.86%
YTD
13.19%
6M
15.86%
1Y
36.33%
3Y*
21.75%
5Y*
14.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEUR.L vs. IEDL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VEUR.L
Vanguard FTSE Developed Europe UCITS ETF Distributing		6.65%26.00%4.43%13.51%-4.33%16.97%2.77%19.67%-7.10%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		13.19%42.22%5.44%11.24%1.22%19.20%-3.60%14.87%-10.37%

Correlation

The correlation between VEUR.L and IEDL.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.90

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

0.89

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

0.88

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.89

The correlation between VEUR.L and IEDL.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

VEUR.L vs. IEDL.L - Sectors Allocation Comparison

Sectors
VEUR.L
IEDL.L

Financial Services

24.0%
22.6%

Industrials

19.7%
17.0%

Healthcare

12.9%
12.3%

Technology

8.5%
12.2%

Consumer Defensive

8.3%
8.6%

Consumer Cyclical

6.6%
6.2%

Basic Materials

5.6%
6.2%

Energy

5.3%
5.1%

Utilities

5.0%
4.5%

Communication Services

3.0%
3.7%

Real Estate

1.1%
0.6%

Financial Services

VEUR.L
24.0%
IEDL.L
22.6%

Industrials

VEUR.L
19.7%
IEDL.L
17.0%

Healthcare

VEUR.L
12.9%
IEDL.L
12.3%

Technology

VEUR.L
8.5%
IEDL.L
12.2%

Consumer Defensive

VEUR.L
8.3%
IEDL.L
8.6%

Consumer Cyclical

VEUR.L
6.6%
IEDL.L
6.2%

Basic Materials

VEUR.L
5.6%
IEDL.L
6.2%

Energy

VEUR.L
5.3%
IEDL.L
5.1%

Utilities

VEUR.L
5.0%
IEDL.L
4.5%

Communication Services

VEUR.L
3.0%
IEDL.L
3.7%

Real Estate

VEUR.L
1.1%
IEDL.L
0.6%

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Vanguard FTSE Developed Europe UCITS ETF Distributing

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

Often compared with VEUR.L:
VEUR.L vs. VEAVEUR.L vs. EXSA.DEVEUR.L vs. VERX.DEVEUR.L vs. VUSA.LVEUR.L vs. IMEU.LVEUR.L vs. NASL.LVEUR.L vs. ISEU.L
Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. T3KE.DEIEDL.L vs. EUMD.LIEDL.L vs. CNX1.LIEDL.L vs. TDIV.AS

Return for Risk

VEUR.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEUR.L
VEUR.L Risk / Return Rank: 4545
Overall Rank
VEUR.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
VEUR.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
VEUR.L Omega Ratio Rank: 5050
Omega Ratio Rank
VEUR.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
VEUR.L Martin Ratio Rank: 4242
Martin Ratio Rank
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6868
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.

VEUR.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

VEUR.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.62
2.68

-1.06

Sortino ratioReturn per unit of downside risk
2.29
3.61

-1.31

Omega ratioGain probability vs. loss probability

1.31

1.48

-0.18

Calmar ratioReturn relative to maximum drawdown

1.83

3.43

-1.60

Martin ratioReturn relative to average drawdown

6.55

12.68

-6.14

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

VEUR.L vs. IEDL.L - Sharpe Ratio Comparison

The current VEUR.L Sharpe Ratio is 1.62, which is lower than the IEDL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of VEUR.L and IEDL.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

VEUR.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

2.68

-1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.95

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.59

+0.06

Drawdowns

VEUR.L vs. IEDL.L - Drawdown Comparison

The maximum VEUR.L drawdown since its inception was -28.59%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for VEUR.L and IEDL.L.

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Drawdown Indicators

VEUR.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.59%

-34.37%

+5.78%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-10.54%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-12.72%

-16.23%

+3.51%

Max Drawdown (5Y)

Largest decline over 5 years

-16.38%

-16.28%

-0.10%

Max Drawdown (10Y)

Largest decline over 10 years

-28.59%

—

—

Current Drawdown

Current decline from peak

-1.39%

-0.80%

-0.59%

Average Drawdown

Average peak-to-trough decline

-4.11%

-5.72%

+1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

2.86%

+0.11%

Volatility

VEUR.L vs. IEDL.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) is 3.94%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.75%. This indicates that VEUR.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEUR.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

4.75%

-0.81%

Volatility (6M)

Calculated over the trailing 6-month period

10.05%

11.06%

-1.01%

Volatility (1Y)

Calculated over the trailing 1-year period

11.99%

13.48%

-1.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

15.30%

-1.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.92%

17.59%

-2.67%

VEUR.L vs. IEDL.L - Expense Ratio Comparison

VEUR.L has a 0.10% expense ratio, which is lower than IEDL.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

VEUR.L vs. IEDL.L - Dividend Comparison

VEUR.L's dividend yield for the trailing twelve months is around 2.59%, less than IEDL.L's 3.01% yield.

PositionTTM20252024202320222021202020192018201720162015
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%0.00%0.00%0.00%
VEUR.L
Vanguard FTSE Developed Europe UCITS ETF Distributing		2.59%2.75%3.10%2.96%3.19%2.71%2.28%3.35%3.53%3.05%3.04%3.06%

Frequently Asked Questions

With a correlation of 0.90, VEUR.L and IEDL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

VEUR.L is cheaper with a 0.10% expense ratio, compared with 0.25% for IEDL.L.

VEUR.L tracks MSCI Europe NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUR.L and 0.25% for IEDL.L.

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