CG1.L vs. IMV.L

Last updated Jun 5, 2026

CG1.L (Amundi ETF DAX UCITS ETF DR) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - CG1.L tracks the FSE DAX TR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CG1.L returned 9.94%/yr vs 7.68%/yr for IMV.L. A 0.79 correlation means they provide meaningful diversification when combined. CG1.L charges 0.10%/yr vs 0.25%/yr for IMV.L.

Performance

CG1.L vs. IMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF DAX UCITS ETF DR (CG1.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CG1.L achieves a 0.50% return, which is significantly lower than IMV.L's 4.72% return. Over the past 10 years, CG1.L has outperformed IMV.L with an annualized return of 9.94%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

CG1.L

• 1D: 0.55%
• 1M: 2.25%
• YTD: 0.50%
• 6M: 3.03%
• 1Y: 5.04%
• 3Y*: 15.61%
• 5Y*: 9.27%
• 10Y*: 9.94%

IMV.L

• 1D: 0.51%
• 1M: 1.21%
• YTD: 4.72%
• 6M: 5.90%
• 1Y: 8.30%
• 3Y*: 10.49%
• 5Y*: 7.54%
• 10Y*: 7.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CG1.L vs. IMV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CG1.L Amundi ETF DAX UCITS ETF DR	0.50%	28.47%	13.17%	17.07%	-7.61%	7.99%	9.33%	16.56%	-16.89%	16.60%
IMV.L iShares Edge MSCI Europe Min Volatility UCITS	4.72%	17.66%	6.63%	8.56%	-7.83%	13.68%	1.50%	16.37%	-2.91%	13.29%

Correlation

The correlation between CG1.L and IMV.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.79

Over the past year, the correlation between CG1.L and IMV.L has dropped to 0.58 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

CG1.L vs. IMV.L - Sectors Allocation Comparison

Sectors	CG1.L	IMV.L
Industrials	33.9%	15.4%
Financial Services	20.8%	17.9%
Technology	14.4%	2.8%
Consumer Cyclical	7.0%	3.6%
Communication Services	6.4%	9.6%
Healthcare	5.8%	13.0%
Basic Materials	5.0%	5.6%
Utilities	4.7%	10.2%
Consumer Defensive	1.0%	13.1%
Real Estate	1.0%	1.6%
Energy	-	7.1%

Return for Risk

CG1.L vs. IMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CG1.L

CG1.L Risk / Return Rank: 14
CG1.L Sharpe Ratio Rank: 14
CG1.L Sortino Ratio Rank: 14
CG1.L Omega Ratio Rank: 14
CG1.L Calmar Ratio Rank: 14
CG1.L Martin Ratio Rank: 15

IMV.L

IMV.L Risk / Return Rank: 24
IMV.L Sharpe Ratio Rank: 26
IMV.L Sortino Ratio Rank: 24
IMV.L Omega Ratio Rank: 26
IMV.L Calmar Ratio Rank: 22
IMV.L Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CG1.L vs. IMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF DAX UCITS ETF DR (CG1.L) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.L). 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.

	CG1.L	IMV.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.91	-0.58
Sortino ratio: Return per unit of downside risk	0.56	1.27	-0.71
Omega ratio: Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio: Return relative to maximum drawdown	0.39	0.97	-0.58
Martin ratio: Return relative to average drawdown	1.24	2.92	-1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CG1.L vs. IMV.L - Sharpe Ratio Comparison

The current CG1.L Sharpe Ratio is 0.33, which is lower than the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CG1.L and IMV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CG1.L	IMV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.91	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.69	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.62	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.71	-0.27

Drawdowns

CG1.L vs. IMV.L - Drawdown Comparison

The maximum CG1.L drawdown since its inception was -34.44%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for CG1.L and IMV.L.

Drawdown Indicators

	CG1.L	IMV.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.44%	-24.48%	-9.96%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-8.50%	-4.42%
Max Drawdown (3Y) Largest decline over 3 years	-13.80%	-8.50%	-5.30%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-17.42%	-6.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.44%	-24.48%	-9.96%
Current Drawdown Current decline from peak	-3.29%	-4.62%	+1.33%
Average Drawdown Average peak-to-trough decline	-7.08%	-3.57%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	2.83%	+1.22%

Volatility

CG1.L vs. IMV.L - Volatility Comparison

Amundi ETF DAX UCITS ETF DR (CG1.L) has a higher volatility of 4.79% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that CG1.L's price experiences larger fluctuations and is considered to be riskier than IMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CG1.L	IMV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	2.89%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	7.71%	+4.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	9.13%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	10.97%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	12.31%	+5.69%

CG1.L vs. IMV.L - Expense Ratio Comparison

CG1.L has a 0.10% expense ratio, which is lower than IMV.L's 0.25% 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

CG1.L vs. IMV.L - Dividend Comparison

Neither CG1.L nor IMV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CG1.L and IMV.L in my portfolio?

CG1.L and IMV.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CG1.L or IMV.L?

On fees, CG1.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CG1.L or IMV.L?

CG1.L is cheaper with a 0.10% expense ratio, compared with 0.25% for IMV.L.

What is the main difference between CG1.L and IMV.L?

CG1.L tracks FSE DAX TR EUR, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CG1.L and 0.25% for IMV.L.