18M2.DE vs. MVEE.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, 18M2.DE returned 9.48%/yr vs 6.17%/yr for MVEE.DE. A 0.80 correlation means they provide meaningful diversification when combined. 18M2.DE charges 0.30%/yr vs 0.25%/yr for MVEE.DE.
Performance
18M2.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M2.DE achieves a 9.78% return, which is significantly higher than MVEE.DE's 8.14% return.
18M2.DE
- 1D
- 0.58%
- 1M
- 1.74%
- YTD
- 9.78%
- 6M
- 10.49%
- 1Y
- 22.11%
- 3Y*
- 13.49%
- 5Y*
- 9.48%
- 10Y*
- 9.74%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
18M2.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 9.78% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | 27.00% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between 18M2.DE and MVEE.DE 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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.80 |
The correlation between 18M2.DE and MVEE.DE shifts across timeframes, from 0.62 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
18M2.DE vs. MVEE.DE — Risk / Return Rank
18M2.DE
MVEE.DE
18M2.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 18M2.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 1.58 | +1.98 |
| Martin ratioReturn relative to average drawdown | 9.52 | 5.45 | +4.07 |
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Drawdowns
18M2.DE vs. MVEE.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and MVEE.DE.
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Drawdown Indicators
| 18M2.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -20.19% | -16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -7.40% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -12.19% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -20.19% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -4.50% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.15% | +0.17% |
Volatility
18M2.DE vs. MVEE.DE - Volatility Comparison
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) have volatilities of 2.15% and 2.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 2.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 8.16% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 9.93% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 12.08% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 12.47% | +2.70% |
18M2.DE vs. MVEE.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
18M2.DE vs. MVEE.DE - Dividend Comparison
Neither 18M2.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and MVEE.DE 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.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for 18M2.DE and 0.25% for MVEE.DE.
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