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

XASX.L vs. IMV.L

Last updated Jun 4, 2026

XASX.L (Xtrackers MSCI UK ESG UCITS ETF 1D) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - XASX.L tracks the FTSE AllSh TR GBP while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, XASX.L returned 3.40%/yr vs 7.71%/yr for IMV.L. A 0.76 correlation means they provide meaningful diversification when combined. XASX.L charges 0.18%/yr vs 0.25%/yr for IMV.L.

Performance

XASX.L vs. IMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.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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Returns By Period

In the year-to-date period, XASX.L achieves a 1.48% return, which is significantly lower than IMV.L's 4.20% return. Over the past 10 years, XASX.L has underperformed IMV.L with an annualized return of 3.40%, while IMV.L has yielded a comparatively higher 7.71% annualized return.

XASX.L

1D
-0.58%
1M
-1.03%
YTD
1.48%
6M
5.38%
1Y
10.19%
3Y*
7.77%
5Y*
4.73%
10Y*
3.40%

IMV.L

1D
-0.02%
1M
-0.32%
YTD
4.20%
6M
5.34%
1Y
8.27%
3Y*
10.29%
5Y*
7.43%
10Y*
7.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XASX.L
Xtrackers MSCI UK ESG UCITS ETF 1D		1.48%17.10%6.61%4.99%-9.18%10.11%-15.64%14.63%-13.26%9.00%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.20%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between XASX.L and IMV.L is 0.64, 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

0.64

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

0.72

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

0.74

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

0.76

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2013

0.76

The correlation between XASX.L and IMV.L shifts across timeframes, from 0.64 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

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

Sectors
XASX.L
IMV.L

Financial Services

32.1%
17.9%

Industrials

17.8%
15.4%

Healthcare

11.9%
13.0%

Basic Materials

10.9%
5.6%

Consumer Defensive

10.8%
13.1%

Consumer Cyclical

6.7%
3.6%

Communication Services

4.7%
9.6%

Utilities

2.0%
10.2%

Real Estate

2.0%
1.6%

Technology

0.8%
2.8%

Energy

0.1%
7.1%

Financial Services

XASX.L
32.1%
IMV.L
17.9%

Industrials

XASX.L
17.8%
IMV.L
15.4%

Healthcare

XASX.L
11.9%
IMV.L
13.0%

Basic Materials

XASX.L
10.9%
IMV.L
5.6%

Consumer Defensive

XASX.L
10.8%
IMV.L
13.1%

Consumer Cyclical

XASX.L
6.7%
IMV.L
3.6%

Communication Services

XASX.L
4.7%
IMV.L
9.6%

Utilities

XASX.L
2.0%
IMV.L
10.2%

Real Estate

XASX.L
2.0%
IMV.L
1.6%

Technology

XASX.L
0.8%
IMV.L
2.8%

Energy

XASX.L
0.1%
IMV.L
7.1%

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Xtrackers MSCI UK ESG UCITS ETF 1D

iShares Edge MSCI Europe Min Volatility UCITS

Often compared with XASX.L:
XASX.L vs. LGUK.LXASX.L vs. LCUK.LXASX.L vs. MSED.LXASX.L vs. VUKG.LXASX.L vs. EEIP.LXASX.L vs. LCPE.LXASX.L vs. MIVO.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

XASX.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XASX.L
XASX.L Risk / Return Rank: 2222
Overall Rank
XASX.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
XASX.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
XASX.L Omega Ratio Rank: 2424
Omega Ratio Rank
XASX.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
XASX.L Martin Ratio Rank: 2121
Martin Ratio Rank
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2525
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2121
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.

XASX.L vs. IMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.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.

XASX.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
0.81
0.90

-0.09

Sortino ratioReturn per unit of downside risk
1.20
1.27

-0.07

Omega ratioGain probability vs. loss probability

1.16

1.17

-0.01

Calmar ratioReturn relative to maximum drawdown

0.81

0.97

-0.16

Martin ratioReturn relative to average drawdown

2.50

2.93

-0.43

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

XASX.L vs. IMV.L - Sharpe Ratio Comparison

The current XASX.L Sharpe Ratio is 0.81, which is comparable to the IMV.L Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of XASX.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

XASX.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.81

0.90

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.68

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.63

-0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

0.71

-0.60

Drawdowns

XASX.L vs. IMV.L - Drawdown Comparison

The maximum XASX.L drawdown since its inception was -47.36%, 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 XASX.L and IMV.L.

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Drawdown Indicators

XASX.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-47.36%

-24.48%

-22.88%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-8.50%

-4.04%

Max Drawdown (3Y)

Largest decline over 3 years

-12.67%

-8.50%

-4.17%

Max Drawdown (5Y)

Largest decline over 5 years

-18.21%

-17.42%

-0.79%

Max Drawdown (10Y)

Largest decline over 10 years

-35.97%

-24.48%

-11.49%

Current Drawdown

Current decline from peak

-7.29%

-5.10%

-2.19%

Average Drawdown

Average peak-to-trough decline

-10.90%

-3.57%

-7.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.06%

2.82%

+1.24%

Volatility

XASX.L vs. IMV.L - Volatility Comparison

Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.L) has a higher volatility of 4.75% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 3.04%. This indicates that XASX.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

XASX.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.75%

3.04%

+1.71%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

7.69%

+3.30%

Volatility (1Y)

Calculated over the trailing 1-year period

12.55%

9.14%

+3.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.45%

10.97%

+2.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.36%

12.31%

+3.05%

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

XASX.L has a 0.18% 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

XASX.L vs. IMV.L - Dividend Comparison

XASX.L's dividend yield for the trailing twelve months is around 0.03%, 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%
XASX.L
Xtrackers MSCI UK ESG UCITS ETF 1D		0.03%0.03%0.04%0.03%0.06%0.03%0.06%0.04%0.04%0.04%0.04%0.00%

Frequently Asked Questions

XASX.L and IMV.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XASX.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XASX.L is cheaper with a 0.18% expense ratio, compared with 0.25% for IMV.L.

XASX.L tracks FTSE AllSh TR GBP, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XASX.L and 0.25% for IMV.L.

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