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XDN0.L vs. IEDL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDN0.L vs. IEDL.L

Last updated Jun 5, 2026

XDN0.L (Xtrackers MSCI Nordic UCITS ETF 1D) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - XDN0.L tracks the MSCI Nordic Countries NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, XDN0.L returned 5.77%/yr vs 14.62%/yr for IEDL.L. A 0.69 correlation means they provide meaningful diversification when combined. XDN0.L charges 0.30%/yr vs 0.25%/yr for IEDL.L.

Performance

XDN0.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.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

XDN0.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, XDN0.L achieves a 8.04% return, which is significantly lower than IEDL.L's 13.19% return.

XDN0.L

1D
0.61%
1M
3.13%
YTD
8.04%
6M
11.88%
1Y
14.86%
3Y*
8.57%
5Y*
5.77%
10Y*
9.93%

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)

XDN0.L vs. IEDL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XDN0.L
Xtrackers MSCI Nordic UCITS ETF 1D		8.04%12.19%-5.68%14.11%-5.97%20.44%23.02%16.30%-6.09%
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 XDN0.L and IEDL.L is 0.73, 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

0.73

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

0.67

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

0.69

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

0.69

The correlation between XDN0.L and IEDL.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

XDN0.L vs. IEDL.L - Sectors Allocation Comparison

Sectors
XDN0.L
IEDL.L

Industrials

34.0%
17.0%

Financial Services

22.0%
22.6%

Healthcare

11.8%
12.3%

Technology

7.8%
12.2%

Communication Services

7.1%
3.7%

Basic Materials

5.6%
6.2%

Consumer Defensive

3.8%
8.6%

Energy

3.7%
5.1%

Consumer Cyclical

2.0%
6.2%

Utilities

1.6%
4.5%

Real Estate

0.6%
0.6%

Industrials

XDN0.L
34.0%
IEDL.L
17.0%

Financial Services

XDN0.L
22.0%
IEDL.L
22.6%

Healthcare

XDN0.L
11.8%
IEDL.L
12.3%

Technology

XDN0.L
7.8%
IEDL.L
12.2%

Communication Services

XDN0.L
7.1%
IEDL.L
3.7%

Basic Materials

XDN0.L
5.6%
IEDL.L
6.2%

Consumer Defensive

XDN0.L
3.8%
IEDL.L
8.6%

Energy

XDN0.L
3.7%
IEDL.L
5.1%

Consumer Cyclical

XDN0.L
2.0%
IEDL.L
6.2%

Utilities

XDN0.L
1.6%
IEDL.L
4.5%

Real Estate

XDN0.L
0.6%
IEDL.L
0.6%

Compare stocks, funds, or ETFs

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Xtrackers MSCI Nordic UCITS ETF 1D

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

Often compared with XDN0.L:
XDN0.L vs. FNORXXDN0.L vs. LGUG.LXDN0.L vs. X7PP.LXDN0.L vs. EWSP.LXDN0.L vs. PPHXDN0.L vs. SPYXDN0.L vs. ^GSPC
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. VEUR.L

Return for Risk

XDN0.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDN0.L
XDN0.L Risk / Return Rank: 2929
Overall Rank
XDN0.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
XDN0.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
XDN0.L Omega Ratio Rank: 2626
Omega Ratio Rank
XDN0.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
XDN0.L Martin Ratio Rank: 3131
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.

XDN0.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.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.

XDN0.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.00
2.68

-1.68

Sortino ratioReturn per unit of downside risk
1.42
3.61

-2.18

Omega ratioGain probability vs. loss probability

1.18

1.48

-0.31

Calmar ratioReturn relative to maximum drawdown

1.60

3.43

-1.83

Martin ratioReturn relative to average drawdown

4.52

12.68

-8.17

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

XDN0.L vs. IEDL.L - Sharpe Ratio Comparison

The current XDN0.L Sharpe Ratio is 1.00, which is lower than the IEDL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of XDN0.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

XDN0.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

2.68

-1.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.95

-0.62

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.59

+0.04

Drawdowns

XDN0.L vs. IEDL.L - Drawdown Comparison

The maximum XDN0.L drawdown since its inception was -24.85%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for XDN0.L and IEDL.L.

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Drawdown Indicators

XDN0.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.85%

-34.37%

+9.52%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-10.54%

+1.19%

Max Drawdown (3Y)

Largest decline over 3 years

-24.78%

-16.23%

-8.55%

Max Drawdown (5Y)

Largest decline over 5 years

-24.78%

-16.28%

-8.50%

Max Drawdown (10Y)

Largest decline over 10 years

-24.85%

—

—

Current Drawdown

Current decline from peak

-0.85%

-0.80%

-0.05%

Average Drawdown

Average peak-to-trough decline

-6.11%

-5.72%

-0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.86%

+0.44%

Volatility

XDN0.L vs. IEDL.L - Volatility Comparison

The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) is 4.07%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.75%. This indicates that XDN0.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

XDN0.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

4.75%

-0.68%

Volatility (6M)

Calculated over the trailing 6-month period

11.11%

11.06%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

14.97%

13.48%

+1.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.31%

15.30%

+2.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

17.59%

+0.66%

XDN0.L vs. IEDL.L - Expense Ratio Comparison

XDN0.L has a 0.30% expense ratio, which is higher than IEDL.L's 0.25% expense ratio.

Dividends

XDN0.L vs. IEDL.L - Dividend Comparison

XDN0.L's dividend yield for the trailing twelve months is around 2.49%, less than IEDL.L's 3.01% yield.

PositionTTM2025202420232022202120202019201820172016
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%
XDN0.L
Xtrackers MSCI Nordic UCITS ETF 1D		2.49%2.80%2.83%2.51%4.53%1.09%4.82%4.18%1.05%2.34%1.52%

Frequently Asked Questions

XDN0.L and IEDL.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEDL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for XDN0.L.

XDN0.L tracks MSCI Nordic Countries NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XDN0.L and 0.25% for IEDL.L.

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