DX2X.DE vs. MVEE.DE
DX2X.DE (Xtrackers Stoxx Europe 600 UCITS ETF (Acc)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - DX2X.DE tracks the STOXX Europe 600 Index while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, DX2X.DE returned 10.46%/yr vs 6.33%/yr for MVEE.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
DX2X.DE vs. MVEE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DX2X.DE achieves a 12.30% return, which is significantly higher than MVEE.DE's 9.62% return.
DX2X.DE
- 1D
- 0.80%
- 1M
- 5.43%
- 6M
- 11.55%
- YTD
- 12.30%
- 1Y
- 23.23%
- 3Y*
- 15.47%
- 5Y*
- 10.46%
- 10Y*
- 10.22%
MVEE.DE
- 1D
- 0.57%
- 1M
- 4.22%
- 6M
- 9.21%
- YTD
- 9.62%
- 1Y
- 12.53%
- 3Y*
- 10.05%
- 5Y*
- 6.33%
- 10Y*
- —
DX2X.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DX2X.DE Xtrackers Stoxx Europe 600 UCITS ETF (Acc) | 12.30% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | 25.65% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.62% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between DX2X.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.86 |
Over the past year, the correlation between DX2X.DE and MVEE.DE has dropped to 0.59 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DX2X.DE vs. MVEE.DE — Risk / Return Rank
DX2X.DE
MVEE.DE
DX2X.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.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.
| DX2X.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.69 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.49 | 5.83 | +3.66 |
Loading charts...
Drawdowns
DX2X.DE vs. MVEE.DE - Drawdown Comparison
The maximum DX2X.DE drawdown since its inception was -36.05%, 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 DX2X.DE and MVEE.DE.
Loading charts...
Drawdown Indicators
| DX2X.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -20.19% | -15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -7.40% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -12.19% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -20.19% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.48% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.15% | +0.29% |
Volatility
DX2X.DE vs. MVEE.DE - Volatility Comparison
Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.DE) has a higher volatility of 4.18% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.62%. This indicates that DX2X.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.
Loading charts...
Volatility by Period
| DX2X.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 2.62% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 8.34% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 10.00% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 12.10% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 12.47% | +2.79% |
DX2X.DE vs. MVEE.DE - Expense Ratio Comparison
Both DX2X.DE and MVEE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DX2X.DE vs. MVEE.DE - Dividend Comparison
Neither DX2X.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2X.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DX2X.DE and MVEE.DE have the same expense ratio: 0.25% per year.
DX2X.DE tracks STOXX Europe 600 Index, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and iShares.
Find the right allocation for DX2X.DE and MVEE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer