DBXI.DE vs. MVEE.DE
DBXI.DE (Xtrackers FTSE MIB UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - DBXI.DE tracks the FTSE MIB while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, DBXI.DE returned 19.53%/yr vs 6.05%/yr for MVEE.DE. A 0.71 correlation means they provide meaningful diversification when combined. DBXI.DE charges 0.30%/yr vs 0.25%/yr for MVEE.DE.
Performance
DBXI.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXI.DE achieves a 17.28% return, which is significantly higher than MVEE.DE's 7.52% return.
DBXI.DE
- 1D
- -0.95%
- 1M
- 3.77%
- YTD
- 17.28%
- 6M
- 18.11%
- 1Y
- 35.76%
- 3Y*
- 28.97%
- 5Y*
- 19.53%
- 10Y*
- 16.13%
MVEE.DE
- 1D
- -0.57%
- 1M
- 0.58%
- YTD
- 7.52%
- 6M
- 8.05%
- 1Y
- 11.08%
- 3Y*
- 10.12%
- 5Y*
- 6.05%
- 10Y*
- —
DBXI.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 17.28% | 37.48% | 18.29% | 33.40% | -12.09% | 26.68% | 34.49% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 7.52% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between DBXI.DE and MVEE.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.71 |
Over the past year, the correlation between DBXI.DE and MVEE.DE has dropped to 0.50 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
DBXI.DE vs. MVEE.DE — Risk / Return Rank
DBXI.DE
MVEE.DE
DBXI.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| DBXI.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.20 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 1.49 | +2.21 |
| Martin ratioReturn relative to average drawdown | 13.73 | 5.15 | +8.58 |
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Drawdowns
DBXI.DE vs. MVEE.DE - Drawdown Comparison
The maximum DBXI.DE drawdown since its inception was -70.36%, 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 DBXI.DE and MVEE.DE.
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Drawdown Indicators
| DBXI.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.36% | -20.19% | -50.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -7.40% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -12.19% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -20.19% | -7.28% |
Max Drawdown (10Y)Largest decline over 10 years | -40.45% | — | — |
Current DrawdownCurrent decline from peak | -2.90% | -0.57% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -31.64% | -4.49% | -27.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.15% | +0.45% |
Volatility
DBXI.DE vs. MVEE.DE - Volatility Comparison
Xtrackers FTSE MIB UCITS ETF (DBXI.DE) has a higher volatility of 3.96% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.10%. This indicates that DBXI.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXI.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 2.10% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 8.18% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 9.88% | +5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 12.08% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 12.46% | +7.08% |
DBXI.DE vs. MVEE.DE - Expense Ratio Comparison
DBXI.DE has a 0.30% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
DBXI.DE vs. MVEE.DE - Dividend Comparison
DBXI.DE's dividend yield for the trailing twelve months is around 3.54%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.54% | 3.93% | 4.53% | 3.78% | 4.33% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 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
DBXI.DE and MVEE.DE have a correlation of 0.50, 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 DBXI.DE.
DBXI.DE tracks FTSE MIB, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for DBXI.DE and 0.25% for MVEE.DE.
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