AW16.DE vs. MIVU.DE
AW16.DE (UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both Large Cap Blend Equities funds - AW16.DE tracks the MSCI USA Climate Paris Aligned while MIVU.DE tracks the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, AW16.DE returned 13.34%/yr vs 8.13%/yr for MIVU.DE. A 0.68 correlation means they provide meaningful diversification when combined. AW16.DE charges 0.09%/yr vs 0.18%/yr for MIVU.DE.
Performance
AW16.DE vs. MIVU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW16.DE achieves a 11.61% return, which is significantly higher than MIVU.DE's 2.88% return.
AW16.DE
- 1D
- -0.06%
- 1M
- 7.15%
- YTD
- 11.61%
- 6M
- 10.64%
- 1Y
- 23.54%
- 3Y*
- 17.62%
- 5Y*
- 13.34%
- 10Y*
- —
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.60%
- YTD
- 2.88%
- 6M
- 2.79%
- 1Y
- 3.11%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
AW16.DE vs. MIVU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW16.DE UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc | 11.61% | 0.95% | 31.99% | 25.24% | -19.63% | 26.52% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -4.28% | 22.07% |
Correlation
The correlation between AW16.DE and MIVU.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.68 |
Over the past year, the correlation between AW16.DE and MIVU.DE has dropped to 0.39 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
AW16.DE vs. MIVU.DE — Risk / Return Rank
AW16.DE
MIVU.DE
AW16.DE vs. MIVU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc (AW16.DE) and Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.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.
| AW16.DE | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.05 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.52 | +0.55 |
| Martin ratioReturn relative to average drawdown | 2.02 | 1.15 | +0.87 |
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
| AW16.DE | MIVU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.28 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.68 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.60 | +0.09 |
Drawdowns
AW16.DE vs. MIVU.DE - Drawdown Comparison
The maximum AW16.DE drawdown since its inception was -24.99%, smaller than the maximum MIVU.DE drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for AW16.DE and MIVU.DE.
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Drawdown Indicators
| AW16.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -32.69% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -21.98% | -4.83% | -17.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.99% | -14.89% | -10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -14.89% | -10.10% |
Current DrawdownCurrent decline from peak | -4.05% | -6.68% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -6.16% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 2.20% | +9.55% |
Volatility
AW16.DE vs. MIVU.DE - Volatility Comparison
UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc (AW16.DE) has a higher volatility of 3.38% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.83%. This indicates that AW16.DE's price experiences larger fluctuations and is considered to be riskier than MIVU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW16.DE | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.83% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 6.02% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 8.94% | +16.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 11.89% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 13.97% | +4.85% |
AW16.DE vs. MIVU.DE - Expense Ratio Comparison
AW16.DE has a 0.09% expense ratio, which is lower than MIVU.DE's 0.18% 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
AW16.DE vs. MIVU.DE - Dividend Comparison
Neither AW16.DE nor MIVU.DE has paid dividends to shareholders.
Frequently Asked Questions
AW16.DE and MIVU.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW16.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW16.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for MIVU.DE.
AW16.DE tracks MSCI USA Climate Paris Aligned, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.09% for AW16.DE and 0.18% for MIVU.DE.
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