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

VEUR.L vs. IMV.L

Last updated Jun 5, 2026

VEUR.L (Vanguard FTSE Developed Europe UCITS ETF Distributing) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VEUR.L returned 10.28%/yr vs 7.68%/yr for IMV.L. Their correlation of 0.88 suggests significant overlap in exposure. VEUR.L charges 0.10%/yr vs 0.25%/yr for IMV.L.

Performance

VEUR.L vs. IMV.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 Min Volatility UCITS (IMV.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 IMV.L is traded in GBp. To make them comparable, the IMV.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 higher than IMV.L's 4.72% return. Over the past 10 years, VEUR.L has outperformed IMV.L with an annualized return of 10.28%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

VEUR.L

1D
0.73%
1M
1.06%
YTD
6.65%
6M
8.94%
1Y
19.30%
3Y*
14.20%
5Y*
10.10%
10Y*
10.28%

IMV.L

1D
0.51%
1M
-0.33%
YTD
4.72%
6M
6.08%
1Y
8.16%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%-9.54%15.39%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between VEUR.L and IMV.L is 0.71, 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

0.71

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

0.79

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

0.83

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

0.87

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2013

0.88

The correlation between VEUR.L and IMV.L shifts across timeframes, from 0.71 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

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

Sectors
VEUR.L
IMV.L

Financial Services

24.0%
17.9%

Industrials

19.7%
15.4%

Healthcare

12.9%
13.0%

Technology

8.5%
2.8%

Consumer Defensive

8.3%
13.1%

Consumer Cyclical

6.6%
3.6%

Basic Materials

5.6%
5.6%

Energy

5.3%
7.1%

Utilities

5.0%
10.2%

Communication Services

3.0%
9.6%

Real Estate

1.1%
1.6%

Financial Services

VEUR.L
24.0%
IMV.L
17.9%

Industrials

VEUR.L
19.7%
IMV.L
15.4%

Healthcare

VEUR.L
12.9%
IMV.L
13.0%

Technology

VEUR.L
8.5%
IMV.L
2.8%

Consumer Defensive

VEUR.L
8.3%
IMV.L
13.1%

Consumer Cyclical

VEUR.L
6.6%
IMV.L
3.6%

Basic Materials

VEUR.L
5.6%
IMV.L
5.6%

Energy

VEUR.L
5.3%
IMV.L
7.1%

Utilities

VEUR.L
5.0%
IMV.L
10.2%

Communication Services

VEUR.L
3.0%
IMV.L
9.6%

Real Estate

VEUR.L
1.1%
IMV.L
1.6%

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed Europe UCITS ETF Distributing

iShares Edge MSCI Europe Min Volatility UCITS

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 IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

VEUR.L vs. IMV.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
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2323
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. IMV.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 Min Volatility UCITS (IMV.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.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
1.62
0.91

+0.71

Sortino ratioReturn per unit of downside risk
2.29
1.27

+1.02

Omega ratioGain probability vs. loss probability

1.31

1.17

+0.14

Calmar ratioReturn relative to maximum drawdown

1.83

0.97

+0.86

Martin ratioReturn relative to average drawdown

6.55

2.92

+3.63

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. IMV.L - Sharpe Ratio Comparison

The current VEUR.L Sharpe Ratio is 1.62, which is higher than the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of VEUR.L and IMV.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.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

0.91

+0.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.69

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.62

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.71

-0.07

Drawdowns

VEUR.L vs. IMV.L - Drawdown Comparison

The maximum VEUR.L drawdown since its inception was -28.59%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for VEUR.L and IMV.L.

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Drawdown Indicators

VEUR.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.59%

-24.48%

-4.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-8.50%

-2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-12.72%

-8.50%

-4.22%

Max Drawdown (5Y)

Largest decline over 5 years

-16.38%

-17.42%

+1.04%

Max Drawdown (10Y)

Largest decline over 10 years

-28.59%

-24.48%

-4.11%

Current Drawdown

Current decline from peak

-1.39%

-4.62%

+3.23%

Average Drawdown

Average peak-to-trough decline

-4.11%

-3.57%

-0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

2.83%

+0.14%

Volatility

VEUR.L vs. IMV.L - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) has a higher volatility of 3.94% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that VEUR.L's price experiences larger fluctuations and is considered to be riskier than IMV.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.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

2.89%

+1.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.05%

7.71%

+2.34%

Volatility (1Y)

Calculated over the trailing 1-year period

11.99%

9.13%

+2.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

10.97%

+2.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.92%

12.31%

+2.61%

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

VEUR.L has a 0.10% expense ratio, which is lower than IMV.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. IMV.L - Dividend Comparison

VEUR.L's dividend yield for the trailing twelve months is around 2.59%, while IMV.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IMV.L
iShares Edge MSCI Europe Min 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%
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

VEUR.L and IMV.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 IMV.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUR.L and 0.25% for IMV.L.

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