DX2G.DE vs. MVEE.DE
DX2G.DE (Xtrackers CAC 40 UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - DX2G.DE tracks the CAC 40® while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, DX2G.DE returned 7.35%/yr vs 6.05%/yr for MVEE.DE. A 0.79 correlation means they provide meaningful diversification when combined. DX2G.DE charges 0.20%/yr vs 0.25%/yr for MVEE.DE.
Performance
DX2G.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2G.DE achieves a 5.38% return, which is significantly lower than MVEE.DE's 7.52% return.
DX2G.DE
- 1D
- -0.56%
- 1M
- 1.86%
- YTD
- 5.38%
- 6M
- 6.06%
- 1Y
- 14.29%
- 3Y*
- 8.22%
- 5Y*
- 7.35%
- 10Y*
- 10.19%
MVEE.DE
- 1D
- -0.57%
- 1M
- 0.58%
- YTD
- 7.52%
- 6M
- 8.05%
- 1Y
- 11.08%
- 3Y*
- 10.12%
- 5Y*
- 6.05%
- 10Y*
- —
DX2G.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DX2G.DE Xtrackers CAC 40 UCITS ETF | 5.38% | 14.51% | -0.04% | 19.30% | -8.87% | 30.64% | 30.85% |
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 DX2G.DE and MVEE.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.79 |
Over the past year, the correlation between DX2G.DE and MVEE.DE has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
DX2G.DE vs. MVEE.DE — Risk / Return Rank
DX2G.DE
MVEE.DE
DX2G.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers CAC 40 UCITS ETF (DX2G.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.
| DX2G.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.49 | -0.19 |
| Martin ratioReturn relative to average drawdown | 4.01 | 5.15 | -1.14 |
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Drawdowns
DX2G.DE vs. MVEE.DE - Drawdown Comparison
The maximum DX2G.DE drawdown since its inception was -38.71%, 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 DX2G.DE and MVEE.DE.
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Drawdown Indicators
| DX2G.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -20.19% | -18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -7.40% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.22% | -12.19% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.83% | -20.19% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | — | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.57% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -4.49% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.15% | +1.40% |
Volatility
DX2G.DE vs. MVEE.DE - Volatility Comparison
Xtrackers CAC 40 UCITS ETF (DX2G.DE) has a higher volatility of 3.49% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.10%. This indicates that DX2G.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
| DX2G.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 2.10% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 8.18% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 9.88% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 12.08% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 12.46% | +5.17% |
DX2G.DE vs. MVEE.DE - Expense Ratio Comparison
DX2G.DE has a 0.20% expense ratio, which is lower than MVEE.DE'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
DX2G.DE vs. MVEE.DE - Dividend Comparison
DX2G.DE's dividend yield for the trailing twelve months is around 2.92%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX2G.DE Xtrackers CAC 40 UCITS ETF | 2.92% | 2.78% | 3.06% | 2.92% | 2.17% | 1.41% | 3.38% | 2.74% | 2.51% | 2.99% | 2.25% | 0.24% |
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
DX2G.DE and MVEE.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DX2G.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DX2G.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for MVEE.DE.
DX2G.DE tracks CAC 40®, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for DX2G.DE and 0.25% for MVEE.DE.
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