EDEU.DE vs. MVEE.DE
EDEU.DE (BNP Paribas Easy ESG Dividend Europe UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - EDEU.DE tracks the BNP Paribas High Dividend Europe ESG while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EDEU.DE returned 10.96%/yr vs 6.17%/yr for MVEE.DE. A 0.75 correlation means they provide meaningful diversification when combined. EDEU.DE charges 0.31%/yr vs 0.25%/yr for MVEE.DE.
Performance
EDEU.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDEU.DE achieves a 12.19% return, which is significantly higher than MVEE.DE's 8.14% return.
EDEU.DE
- 1D
- 0.61%
- 1M
- 1.00%
- YTD
- 12.19%
- 6M
- 12.77%
- 1Y
- 25.39%
- 3Y*
- 21.57%
- 5Y*
- 10.96%
- 10Y*
- —
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
EDEU.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDEU.DE BNP Paribas Easy ESG Dividend Europe UCITS ETF | 12.19% | 28.12% | 11.83% | 16.84% | -12.98% | 27.34% | 33.43% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EDEU.DE and MVEE.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.75 |
The correlation between EDEU.DE and MVEE.DE has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
EDEU.DE vs. MVEE.DE — Risk / Return Rank
EDEU.DE
MVEE.DE
EDEU.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Dividend Europe UCITS ETF (EDEU.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.
| EDEU.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 1.58 | +1.99 |
| Martin ratioReturn relative to average drawdown | 12.17 | 5.45 | +6.72 |
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Drawdowns
EDEU.DE vs. MVEE.DE - Drawdown Comparison
The maximum EDEU.DE drawdown since its inception was -47.82%, 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 EDEU.DE and MVEE.DE.
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Drawdown Indicators
| EDEU.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -20.19% | -27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -7.40% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -12.19% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -20.19% | -4.79% |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -4.50% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.15% | -0.07% |
Volatility
EDEU.DE vs. MVEE.DE - Volatility Comparison
BNP Paribas Easy ESG Dividend Europe UCITS ETF (EDEU.DE) has a higher volatility of 3.10% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that EDEU.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
| EDEU.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.19% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 8.16% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 9.93% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 12.08% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 12.47% | +5.82% |
EDEU.DE vs. MVEE.DE - Expense Ratio Comparison
EDEU.DE has a 0.31% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
EDEU.DE vs. MVEE.DE - Dividend Comparison
Neither EDEU.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
EDEU.DE and MVEE.DE have a correlation of 0.68, 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 0.31% for EDEU.DE.
EDEU.DE tracks BNP Paribas High Dividend Europe ESG, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.31% for EDEU.DE and 0.25% for MVEE.DE.
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