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XESC.L vs. MVED.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XESC.L vs. MVED.L

Last updated Jun 5, 2026

XESC.L (Xtrackers EURO STOXX 50 UCITS ETF 1C) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - XESC.L tracks the MSCI EMU NR EUR while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, XESC.L returned 11.67%/yr vs 6.21%/yr for MVED.L. A 0.74 correlation means they provide meaningful diversification when combined. XESC.L charges 0.09%/yr vs 0.25%/yr for MVED.L.

Performance

XESC.L vs. MVED.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XESC.L is traded in GBp, while MVED.L is traded in EUR. To make them comparable, the MVED.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XESC.L achieves a 6.52% return, which is significantly higher than MVED.L's 3.88% return.

XESC.L

1D
0.98%
1M
4.88%
YTD
6.52%
6M
7.72%
1Y
19.01%
3Y*
15.74%
5Y*
11.67%
10Y*
11.56%

MVED.L

1D
0.45%
1M
0.80%
YTD
3.88%
6M
4.77%
1Y
5.26%
3Y*
8.28%
5Y*
6.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XESC.L vs. MVED.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XESC.L
Xtrackers EURO STOXX 50 UCITS ETF 1C		6.52%28.16%6.11%20.06%-3.40%15.50%3.15%21.73%-8.76%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		3.88%14.60%3.94%8.51%-8.08%14.30%1.58%15.71%0.07%

Correlation

The correlation between XESC.L and MVED.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

0.63

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

0.70

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.74

The correlation between XESC.L and MVED.L shifts across timeframes, from 0.57 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

XESC.L vs. MVED.L - Sectors Allocation Comparison

Sectors
XESC.L
MVED.L

Financial Services

26.0%
17.8%

Industrials

22.9%
15.7%

Technology

16.7%
2.8%

Consumer Cyclical

10.2%
3.7%

Healthcare

5.6%
13.1%

Energy

5.4%
6.9%

Utilities

5.0%
10.1%

Consumer Defensive

4.1%
13.2%

Communication Services

2.4%
9.5%

Basic Materials

1.8%
5.7%

Real Estate

-

1.6%

Financial Services

XESC.L
26.0%
MVED.L
17.8%

Industrials

XESC.L
22.9%
MVED.L
15.7%

Technology

XESC.L
16.7%
MVED.L
2.8%

Consumer Cyclical

XESC.L
10.2%
MVED.L
3.7%

Healthcare

XESC.L
5.6%
MVED.L
13.1%

Energy

XESC.L
5.4%
MVED.L
6.9%

Utilities

XESC.L
5.0%
MVED.L
10.1%

Consumer Defensive

XESC.L
4.1%
MVED.L
13.2%

Communication Services

XESC.L
2.4%
MVED.L
9.5%

Basic Materials

XESC.L
1.8%
MVED.L
5.7%

Real Estate

XESC.L

-

MVED.L
1.6%

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Xtrackers EURO STOXX 50 UCITS ETF 1C

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

Often compared with XESC.L:
XESC.L vs. CSX5.LXESC.L vs. SXRT.DEXESC.L vs. EUN.LXESC.L vs. SUSW.LXESC.L vs. XDWE.LXESC.L vs. CUKX.LXESC.L vs. IWDA.AS
Often compared with MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. PRUK.LMVED.L vs. WDEP.LMVED.L vs. OPEN.LMVED.L vs. EDIV.LMVED.L vs. FKU.L

Return for Risk

XESC.L vs. MVED.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XESC.L
XESC.L Risk / Return Rank: 3636
Overall Rank
XESC.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XESC.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
XESC.L Omega Ratio Rank: 3636
Omega Ratio Rank
XESC.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
XESC.L Martin Ratio Rank: 3737
Martin Ratio Rank
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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.

XESC.L vs. MVED.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.

XESC.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
0.57

+0.68

Sortino ratioReturn per unit of downside risk
1.87
0.83

+1.04

Omega ratioGain probability vs. loss probability

1.23

1.11

+0.12

Calmar ratioReturn relative to maximum drawdown

1.64

0.63

+1.01

Martin ratioReturn relative to average drawdown

5.52

1.79

+3.73

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

XESC.L vs. MVED.L - Sharpe Ratio Comparison

The current XESC.L Sharpe Ratio is 1.25, which is higher than the MVED.L Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of XESC.L and MVED.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

XESC.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

0.57

+0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.55

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.49

-0.01

Drawdowns

XESC.L vs. MVED.L - Drawdown Comparison

The maximum XESC.L drawdown since its inception was -34.48%, which is greater than MVED.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for XESC.L and MVED.L.

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Drawdown Indicators

XESC.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.48%

-24.31%

-10.17%

Max Drawdown (1Y)

Largest decline over 1 year

-11.53%

-8.28%

-3.25%

Max Drawdown (3Y)

Largest decline over 3 years

-14.23%

-8.28%

-5.95%

Max Drawdown (5Y)

Largest decline over 5 years

-21.64%

-17.36%

-4.28%

Max Drawdown (10Y)

Largest decline over 10 years

-31.64%

—

—

Current Drawdown

Current decline from peak

-0.44%

-5.32%

+4.88%

Average Drawdown

Average peak-to-trough decline

-7.08%

-4.10%

-2.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

2.94%

+0.50%

Volatility

XESC.L vs. MVED.L - Volatility Comparison

Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) has a higher volatility of 4.85% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.98%. This indicates that XESC.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XESC.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.85%

2.98%

+1.87%

Volatility (6M)

Calculated over the trailing 6-month period

12.30%

7.68%

+4.62%

Volatility (1Y)

Calculated over the trailing 1-year period

15.18%

9.18%

+6.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.22%

11.29%

+5.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.81%

12.95%

+4.86%

XESC.L vs. MVED.L - Expense Ratio Comparison

XESC.L has a 0.09% expense ratio, which is lower than MVED.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

XESC.L vs. MVED.L - Dividend Comparison

Neither XESC.L nor MVED.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%
XESC.L
Xtrackers EURO STOXX 50 UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XESC.L and MVED.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.

On fees, XESC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XESC.L is cheaper with a 0.09% expense ratio, compared with 0.25% for MVED.L.

XESC.L tracks MSCI EMU NR EUR, while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and BlackRock. Their fees differ too: 0.09% for XESC.L and 0.25% for MVED.L.

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