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XDEV.L vs. IEFM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDEV.L vs. IEFM.L

Last updated Jun 9, 2026

XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) and IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - XDEV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, XDEV.L returned 13.39%/yr vs 12.57%/yr for IEFM.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

XDEV.L vs. IEFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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, XDEV.L achieves a 32.51% return, which is significantly higher than IEFM.L's 6.32% return. Over the past 10 years, XDEV.L has outperformed IEFM.L with an annualized return of 13.39%, while IEFM.L has yielded a comparatively lower 12.57% annualized return.

XDEV.L

1D
0.43%
1M
8.59%
YTD
32.51%
6M
34.98%
1Y
64.05%
3Y*
26.11%
5Y*
17.16%
10Y*
13.39%

IEFM.L

1D
0.21%
1M
2.16%
YTD
6.32%
6M
9.51%
1Y
19.03%
3Y*
20.47%
5Y*
11.30%
10Y*
12.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEV.L vs. IEFM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDEV.L
Xtrackers MSCI World Value Factor UCITS ETF 1C		32.51%30.51%6.79%13.25%1.01%21.67%-6.88%14.56%-9.23%11.91%
IEFM.L
iShares Edge MSCI Europe Momentum Factor UCITS ETF		6.32%33.05%15.03%10.37%-9.80%14.07%17.04%23.39%-9.34%15.91%

Correlation

The correlation between XDEV.L and IEFM.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

0.64

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

0.68

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

0.70

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

0.71

The correlation between XDEV.L and IEFM.L shifts across timeframes, from 0.57 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

XDEV.L vs. IEFM.L - Sectors Allocation Comparison

Sectors
XDEV.L
IEFM.L

Technology

33.9%
9.2%

Financial Services

14.8%
23.8%

Industrials

11.4%
15.0%

Healthcare

8.8%
15.7%

Consumer Cyclical

7.9%
0.5%

Communication Services

7.5%
2.8%

Consumer Defensive

4.5%
2.9%

Energy

3.8%
10.3%

Basic Materials

3.0%
7.6%

Utilities

2.6%
11.9%

Real Estate

1.8%
0.4%

Technology

XDEV.L
33.9%
IEFM.L
9.2%

Financial Services

XDEV.L
14.8%
IEFM.L
23.8%

Industrials

XDEV.L
11.4%
IEFM.L
15.0%

Healthcare

XDEV.L
8.8%
IEFM.L
15.7%

Consumer Cyclical

XDEV.L
7.9%
IEFM.L
0.5%

Communication Services

XDEV.L
7.5%
IEFM.L
2.8%

Consumer Defensive

XDEV.L
4.5%
IEFM.L
2.9%

Energy

XDEV.L
3.8%
IEFM.L
10.3%

Basic Materials

XDEV.L
3.0%
IEFM.L
7.6%

Utilities

XDEV.L
2.6%
IEFM.L
11.9%

Real Estate

XDEV.L
1.8%
IEFM.L
0.4%

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Xtrackers MSCI World Value Factor UCITS ETF 1C

iShares Edge MSCI Europe Momentum Factor UCITS ETF

Often compared with XDEV.L:
XDEV.L vs. XDEM.LXDEV.L vs. VWCE.DEXDEV.L vs. XDEQ.LXDEV.L vs. JPGL.LXDEV.L vs. IWVG.LXDEV.L vs. NASL.LXDEV.L vs. FRXT.L
Often compared with IEFM.L:
IEFM.L vs. MTUMIEFM.L vs. VUKE.DEIEFM.L vs. CEMR.DEIEFM.L vs. EXO.ASIEFM.L vs. SPYF.DEIEFM.L vs. QDVX.DEIEFM.L vs. ESIF.L

Return for Risk

XDEV.L vs. IEFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDEV.L
XDEV.L Risk / Return Rank: 9797
Overall Rank
XDEV.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDEV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDEV.L Omega Ratio Rank: 9797
Omega Ratio Rank
XDEV.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
XDEV.L Martin Ratio Rank: 9696
Martin Ratio Rank
IEFM.L
IEFM.L Risk / Return Rank: 3737
Overall Rank
IEFM.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IEFM.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
IEFM.L Omega Ratio Rank: 3737
Omega Ratio Rank
IEFM.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
IEFM.L Martin Ratio Rank: 4040
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.

XDEV.L vs. IEFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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.

XDEV.LIEFM.LDifference
Sharpe ratioReturn per unit of total volatility
4.74
1.18

+3.56

Sortino ratioReturn per unit of downside risk
6.39
1.78

+4.60

Omega ratioGain probability vs. loss probability

1.90

1.22

+0.68

Calmar ratioReturn relative to maximum drawdown

9.21

1.57

+7.64

Martin ratioReturn relative to average drawdown

35.19

5.80

+29.38

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

XDEV.L vs. IEFM.L - Sharpe Ratio Comparison

The current XDEV.L Sharpe Ratio is 4.74, which is higher than the IEFM.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of XDEV.L and IEFM.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

XDEV.LIEFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.74

1.18

+3.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.72

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.79

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.71

-0.46

Drawdowns

XDEV.L vs. IEFM.L - Drawdown Comparison

The maximum XDEV.L drawdown since its inception was -45.89%, which is greater than IEFM.L's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for XDEV.L and IEFM.L.

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Drawdown Indicators

XDEV.LIEFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.89%

-23.88%

-22.01%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-12.05%

+5.13%

Max Drawdown (3Y)

Largest decline over 3 years

-19.90%

-12.95%

-6.95%

Max Drawdown (5Y)

Largest decline over 5 years

-19.90%

-21.33%

+1.43%

Max Drawdown (10Y)

Largest decline over 10 years

-35.20%

-23.88%

-11.32%

Current Drawdown

Current decline from peak

-2.36%

-2.17%

-0.19%

Average Drawdown

Average peak-to-trough decline

-15.39%

-5.04%

-10.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

3.27%

-1.46%

Volatility

XDEV.L vs. IEFM.L - Volatility Comparison

Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a higher volatility of 5.80% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) at 3.42%. This indicates that XDEV.L's price experiences larger fluctuations and is considered to be riskier than IEFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDEV.LIEFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.80%

3.42%

+2.38%

Volatility (6M)

Calculated over the trailing 6-month period

11.04%

13.84%

-2.80%

Volatility (1Y)

Calculated over the trailing 1-year period

13.47%

16.06%

-2.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.90%

15.62%

+3.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.96%

15.94%

+5.02%

XDEV.L vs. IEFM.L - Expense Ratio Comparison

Both XDEV.L and IEFM.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDEV.L vs. IEFM.L - Dividend Comparison

Neither XDEV.L nor IEFM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

XDEV.L and IEFM.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.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XDEV.L and IEFM.L have the same expense ratio: 0.25% per year.

XDEV.L is categorized as Global Equities, while IEFM.L is Momentum. XDEV.L tracks MSCI ACWI Value NR USD, while IEFM.L tracks MSCI Europe Momentum Index. They also come from different issuers: DWS and iShares.

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