XMCX.L vs. IEVL.L

Last updated Jun 5, 2026

XMCX.L (Xtrackers FTSE 250 UCITS ETF 1D) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - XMCX.L tracks the FTSE 250 Ex Investment Trust TR GBP while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, XMCX.L returned 2.36%/yr vs 11.78%/yr for IEVL.L. A 0.70 correlation means they provide meaningful diversification when combined. XMCX.L charges 0.15%/yr vs 0.25%/yr for IEVL.L.

Performance

XMCX.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers FTSE 250 UCITS ETF 1D (XMCX.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XMCX.L achieves a 3.83% return, which is significantly lower than IEVL.L's 13.11% return. Over the past 10 years, XMCX.L has underperformed IEVL.L with an annualized return of 2.36%, while IEVL.L has yielded a comparatively higher 11.78% annualized return.

XMCX.L

• 1D: 0.64%
• 1M: 3.42%
• YTD: 3.83%
• 6M: 6.00%
• 1Y: 9.84%
• 3Y*: 6.25%
• 5Y*: -0.20%
• 10Y*: 2.36%

IEVL.L

• 1D: 0.17%
• 1M: 4.83%
• YTD: 13.11%
• 6M: 15.93%
• 1Y: 36.39%
• 3Y*: 21.80%
• 5Y*: 14.64%
• 10Y*: 11.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XMCX.L vs. IEVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMCX.L Xtrackers FTSE 250 UCITS ETF 1D	3.83%	8.84%	3.42%	3.42%	-20.92%	14.63%	-8.73%	24.38%	-16.43%	14.26%
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating	13.11%	42.23%	5.56%	11.28%	1.19%	19.17%	-3.59%	14.85%	-12.63%	15.13%

Correlation

The correlation between XMCX.L and IEVL.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015	0.70

The correlation between XMCX.L and IEVL.L has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

XMCX.L vs. IEVL.L - Sectors Allocation Comparison

Sectors	XMCX.L	IEVL.L
Industrials	20.1%	17.0%
Financial Services	19.6%	22.6%
Consumer Cyclical	13.4%	6.2%
Technology	9.5%	12.2%
Real Estate	9.1%	0.6%
Basic Materials	6.7%	6.2%
Communication Services	6.0%	3.7%
Consumer Defensive	5.5%	8.6%
Healthcare	4.5%	12.3%
Utilities	3.1%	4.5%
Energy	2.6%	5.1%

Return for Risk

XMCX.L vs. IEVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMCX.L

XMCX.L Risk / Return Rank: 22
XMCX.L Sharpe Ratio Rank: 23
XMCX.L Sortino Ratio Rank: 23
XMCX.L Omega Ratio Rank: 23
XMCX.L Calmar Ratio Rank: 20
XMCX.L Martin Ratio Rank: 23

IEVL.L

IEVL.L Risk / Return Rank: 72
IEVL.L Sharpe Ratio Rank: 75
IEVL.L Sortino Ratio Rank: 73
IEVL.L Omega Ratio Rank: 75
IEVL.L Calmar Ratio Rank: 68
IEVL.L Martin Ratio Rank: 68

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.

XMCX.L vs. IEVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE 250 UCITS ETF 1D (XMCX.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

	XMCX.L	IEVL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.68	-1.88
Sortino ratio: Return per unit of downside risk	1.23	3.61	-2.38
Omega ratio: Gain probability vs. loss probability	1.15	1.48	-0.33
Calmar ratio: Return relative to maximum drawdown	0.83	3.42	-2.59
Martin ratio: Return relative to average drawdown	2.78	12.70	-9.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMCX.L vs. IEVL.L - Sharpe Ratio Comparison

The current XMCX.L Sharpe Ratio is 0.80, which is lower than the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of XMCX.L and IEVL.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.

Sharpe Ratios by Period

	XMCX.L	IEVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.68	-1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.96	-0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.69	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.58	-0.36

Drawdowns

XMCX.L vs. IEVL.L - Drawdown Comparison

The maximum XMCX.L drawdown since its inception was -50.63%, which is greater than IEVL.L's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for XMCX.L and IEVL.L.

Drawdown Indicators

	XMCX.L	IEVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-34.82%	-15.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.95%	-10.59%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.45%	-16.33%	-2.12%
Max Drawdown (5Y) Largest decline over 5 years	-32.61%	-16.48%	-16.13%
Max Drawdown (10Y) Largest decline over 10 years	-41.35%	-34.82%	-6.53%
Current Drawdown Current decline from peak	-7.13%	-0.82%	-6.31%
Average Drawdown Average peak-to-trough decline	-11.24%	-6.05%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	2.86%	+0.69%

Volatility

XMCX.L vs. IEVL.L - Volatility Comparison

The current volatility for Xtrackers FTSE 250 UCITS ETF 1D (XMCX.L) is 3.58%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that XMCX.L experiences smaller price fluctuations and is considered to be less risky than IEVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMCX.L	IEVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.85%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	11.06%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	13.52%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	15.24%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	17.13%	-0.66%

XMCX.L vs. IEVL.L - Expense Ratio Comparison

XMCX.L has a 0.15% expense ratio, which is lower than IEVL.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

XMCX.L vs. IEVL.L - Dividend Comparison

XMCX.L's dividend yield for the trailing twelve months is around 0.04%, while IEVL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMCX.L Xtrackers FTSE 250 UCITS ETF 1D	0.04%	0.04%	0.04%	0.03%	0.05%	0.01%	0.03%	0.03%	0.04%	0.03%	0.03%	0.00%

Frequently Asked Questions

Can I hold both XMCX.L and IEVL.L in my portfolio?

XMCX.L and IEVL.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMCX.L or IEVL.L?

On fees, XMCX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMCX.L or IEVL.L?

XMCX.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IEVL.L.

What is the main difference between XMCX.L and IEVL.L?

XMCX.L tracks FTSE 250 Ex Investment Trust TR GBP, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XMCX.L and 0.25% for IEVL.L.