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MVEU
+2.40 · +3.53%
£70.37 · LSE
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | Europe Large-Cap Blend Equity
BlackRock Asset Management Ireland - ETF · Ireland
AUM:€853.4M
#– of – in Europe Large-Cap Blend Equity ETFs
ℹ️
Reward Rating
62
Good
12.65% 1Y return
ℹ️
Risk Rating
32
Moderate
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 12.7% over the past year, showing positive momentum.

Cost Efficiency

💰 Ongoing charge of 0.25% — competitive for the exposure provided.

What is MVEU?

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) tracks Morningstar DM Eur TME NR EUR, providing diversified exposure across 48 holdings. Its ongoing charge is 0.25%.

Performance Highlights

Investment Breakdown

Positive 1-Year Return
MVEU returned 12.7% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Ongoing Charge
Ongoing charge of 0.25% — reasonable for the index exposure provided.
Broadly Diversified
Top 10 holdings represent just 14.9% of the ETF — exposure spread across many positions.

Openbook Analysis

Performance: Good (62)

The scoring profile reflects moderate historical performance, with a 12.7% 1-year return (historical). The ongoing charge of 0.25% is reasonable for this exposure. Risk indicators are moderate, in line with typical market exposure (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM€853.4M
Ongoing Charge0.25%
Dividend Yield0.00%
Holdings48
Inception DateNov 2012
DomicileIreland
DistributionNA
IndexMorningstar DM Eur TME NR EUR
ProviderBlackRock Asset Management Ireland - ETF
Beta0.64
CategoryEurope Large-Cap Blend Equity
CurrencyEUR
Portfolio Impact

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Example preview
6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+6.6%
1Y
+6.1%
3Y
+34.4%
5Y
+43.7%
OpenBook InsightIf you had invested £10,000 in MVEU 5 years ago, it would have grown to £14,366 — a gain of £4,366.

Annual Returns

Calendar year performance

MVEU delivered positive returns in 4 of the last 5 calendar years.
YearMVEU
2026 YTD+5.6%
2025+11.0%
2024+11.3%
2023+9.3%
2022-12.9%
CAGR 4yr+4.1%
4/5 positive yearsAvg return: +4.9%Worst year: -12.9% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
100%
Positive
Volatility
11.3%
Low
Momentum
-0.3%
30-day change
Support Level
70.65
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.

Reward Rating Breakdown

Our reward rating analyses MVEU's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
62
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
69/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
12.65%
Good
3Y Return
12.94%
Very Good
5Y Return
10.50%
Very Good
10Y Return
7.32%
Good
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 12.65%, 3-year annualised 12.94%, 5-year annualised 10.50%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
80/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.25%
Neutral
Net Expense Ratio
0.00%
Very Good
Annual Turnover
0.36%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.25%, net expense ratio of 0.00%, annual turnover of 0.4%.

💵 Income

Weight: 15%
15/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
0.00%
Very Weak
Distribution Frequency
NA
No Data

Low-income profile — better suited as a growth holding: distribution yield of 0.00%, na distributions.

🌐 Diversification Quality

Weight: 25%
60/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
48
Very Weak
Top 10 Concentration
14.87%
Very Good
Top Sector
Financial Services17.0%
Good
Top Region
Europe Developed80.6%
Weak

Moderate diversification: 48 holdings, top 10 at 14.9%, Financial Services sector at 17.0%, Europe Developed at 80.6%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses MVEU using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
32
Moderate RISK
Data Coverage: 83%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
31/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
14.87%
Low Risk
Largest Holding
1.55%
Lower Risk
Number of Holdings
48
Elevated
HHI (weight²)
22
Low Risk

Reasonable spread across positions: top 10 holdings at 14.9%, largest single position at 1.55%, 48 total holdings.

🌍 Market Exposure

Weight: 25%
49/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
Europe Developed80.6%
Elevated
Top Sector
Financial Services17.0%
Lower Risk
Top 2 Sectors
32.39%
Lower Risk
Cyclical Sectors
45.63%
Elevated

Moderate macro sensitivity: Europe Developed at 80.6%, Financial Services sector at 17.0%, 45.6% in cyclical sectors.

📊 Volatility

Weight: 35%
20/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
8.46%
Lower Risk
Beta
0.64
Lower Risk
Max Drawdown
—
No Data

Below-average volatility: 1Y volatility of 8.46%, beta of 0.64 (historical).

💵 Income Reliability

Weight: 15%
Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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