AME6.DE vs. MIVA.DE
AME6.DE (Amundi STOXX Europe 600 ESG UCITS ETF EUR) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds from Amundi - AME6.DE tracks the STOXX® Europe 600 ESG+ while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, AME6.DE returned 8.80%/yr vs 6.51%/yr for MIVA.DE. Their correlation of 0.82 suggests significant overlap in exposure. AME6.DE charges 0.18%/yr vs 0.23%/yr for MIVA.DE.
Performance
AME6.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AME6.DE achieves a 6.14% return, which is significantly higher than MIVA.DE's 5.31% return. Over the past 10 years, AME6.DE has outperformed MIVA.DE with an annualized return of 8.80%, while MIVA.DE has yielded a comparatively lower 6.51% annualized return.
AME6.DE
- 1D
- 0.63%
- 1M
- 0.99%
- YTD
- 6.14%
- 6M
- 8.85%
- 1Y
- 14.58%
- 3Y*
- 12.81%
- 5Y*
- 9.07%
- 10Y*
- 8.80%
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%
AME6.DE vs. MIVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AME6.DE Amundi STOXX Europe 600 ESG UCITS ETF EUR | 6.14% | 19.36% | 8.44% | 15.75% | -10.90% | 24.53% | -2.05% | 28.56% | -11.28% | 10.75% |
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 AME6.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 | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010 | 0.82 |
The correlation between AME6.DE and MIVA.DE has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.
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Return for Risk
AME6.DE vs. MIVA.DE — Risk / Return Rank
AME6.DE
MIVA.DE
AME6.DE vs. MIVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi STOXX Europe 600 ESG UCITS ETF EUR (AME6.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.
| AME6.DE | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.75 | +0.60 |
| Martin ratioReturn relative to average drawdown | 5.00 | 1.96 | +3.04 |
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
| AME6.DE | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.60 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.65 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.52 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.53 | -0.02 |
Drawdowns
AME6.DE vs. MIVA.DE - Drawdown Comparison
The maximum AME6.DE drawdown since its inception was -35.62%, 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 AME6.DE and MIVA.DE.
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Drawdown Indicators
| AME6.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -30.57% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -6.94% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.22% | -11.02% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -19.69% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | -30.57% | -5.05% |
Current DrawdownCurrent decline from peak | -1.77% | -3.21% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -5.64% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.67% | +0.27% |
Volatility
AME6.DE vs. MIVA.DE - Volatility Comparison
Amundi STOXX Europe 600 ESG UCITS ETF EUR (AME6.DE) has a higher volatility of 4.61% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 3.14%. This indicates that AME6.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
| AME6.DE | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.14% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.48% | 7.19% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 8.76% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 10.96% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 12.34% | +3.31% |
AME6.DE vs. MIVA.DE - Expense Ratio Comparison
AME6.DE has a 0.18% expense ratio, which is lower than MIVA.DE's 0.23% 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
AME6.DE vs. MIVA.DE - Dividend Comparison
Neither AME6.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
AME6.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, AME6.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AME6.DE is cheaper with a 0.18% expense ratio, compared with 0.23% for MIVA.DE.
AME6.DE tracks STOXX® Europe 600 ESG+, while MIVA.DE tracks MSCI Europe Minimum Volatility. Their fees differ too: 0.18% for AME6.DE and 0.23% for MIVA.DE.
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