6PSC.DE vs. MIVA.DE
6PSC.DE (Invesco FTSE RAFI Europe UCITS ETF) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - 6PSC.DE tracks the FTSE RAFI Europe while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, 6PSC.DE returned 10.23%/yr vs 6.51%/yr for MIVA.DE. A 0.72 correlation means they provide meaningful diversification when combined. 6PSC.DE charges 0.39%/yr vs 0.23%/yr for MIVA.DE.
Performance
6PSC.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 6PSC.DE achieves a 8.79% return, which is significantly higher than MIVA.DE's 5.31% return. Over the past 10 years, 6PSC.DE has outperformed MIVA.DE with an annualized return of 10.23%, while MIVA.DE has yielded a comparatively lower 6.51% annualized return.
6PSC.DE
- 1D
- 0.50%
- 1M
- 1.19%
- YTD
- 8.79%
- 6M
- 11.76%
- 1Y
- 21.88%
- 3Y*
- 18.36%
- 5Y*
- 12.72%
- 10Y*
- 10.23%
MIVA.DE
- 1D
- 0.58%
- 1M
- -0.46%
- YTD
- 5.31%
- 6M
- 6.85%
- 1Y
- 5.14%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
6PSC.DE vs. MIVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
6PSC.DE Invesco FTSE RAFI Europe UCITS ETF | 8.79% | 28.47% | 10.65% | 16.01% | -4.18% | 26.14% | -8.74% | 22.28% | -11.68% | 10.84% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
Correlation
The correlation between 6PSC.DE and MIVA.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.72 |
The correlation between 6PSC.DE and MIVA.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
6PSC.DE vs. MIVA.DE — Risk / Return Rank
6PSC.DE
MIVA.DE
6PSC.DE vs. MIVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Europe UCITS ETF (6PSC.DE) and Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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.
| 6PSC.DE | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.75 | +1.90 |
| Martin ratioReturn relative to average drawdown | 9.93 | 1.96 | +7.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 6PSC.DE | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 0.60 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.65 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.52 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | 0.00 |
Drawdowns
6PSC.DE vs. MIVA.DE - Drawdown Comparison
The maximum 6PSC.DE drawdown since its inception was -39.52%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for 6PSC.DE and MIVA.DE.
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Drawdown Indicators
| 6PSC.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -30.57% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -6.94% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -11.02% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -19.69% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -30.57% | -8.95% |
Current DrawdownCurrent decline from peak | -1.23% | -3.21% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -5.64% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.67% | -0.46% |
Volatility
6PSC.DE vs. MIVA.DE - Volatility Comparison
Invesco FTSE RAFI Europe UCITS ETF (6PSC.DE) has a higher volatility of 3.45% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 3.14%. This indicates that 6PSC.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 6PSC.DE | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 3.14% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 7.19% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 8.76% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 10.96% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 12.34% | +5.00% |
6PSC.DE vs. MIVA.DE - Expense Ratio Comparison
6PSC.DE has a 0.39% expense ratio, which is higher than MIVA.DE's 0.23% expense ratio.
Dividends
6PSC.DE vs. MIVA.DE - Dividend Comparison
6PSC.DE's dividend yield for the trailing twelve months is around 2.75%, while MIVA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6PSC.DE Invesco FTSE RAFI Europe UCITS ETF | 2.75% | 3.05% | 3.57% | 3.59% | 3.41% | 2.75% | 2.06% | 3.55% | 3.67% | 2.80% | 2.83% | 2.73% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
6PSC.DE and MIVA.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.39% for 6PSC.DE.
6PSC.DE tracks FTSE RAFI Europe, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.39% for 6PSC.DE and 0.23% for MIVA.DE.
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