EDM4.DE vs. MVEE.DE
EDM4.DE (iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - EDM4.DE tracks the MSCI EMU ESG Enhanced Focus while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EDM4.DE returned 10.17%/yr vs 6.23%/yr for MVEE.DE. Their correlation of 0.81 suggests significant overlap in exposure. EDM4.DE charges 0.12%/yr vs 0.25%/yr for MVEE.DE.
Performance
EDM4.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM4.DE achieves a 9.70% return, which is significantly lower than MVEE.DE's 10.23% return.
EDM4.DE
- 1D
- -0.77%
- 1M
- -2.46%
- 6M
- 6.52%
- YTD
- 9.70%
- 1Y
- 18.69%
- 3Y*
- 14.98%
- 5Y*
- 10.17%
- 10Y*
- —
MVEE.DE
- 1D
- 1.48%
- 1M
- 3.83%
- 6M
- 8.10%
- YTD
- 10.23%
- 1Y
- 13.02%
- 3Y*
- 10.42%
- 5Y*
- 6.23%
- 10Y*
- —
EDM4.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDM4.DE iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc | 9.70% | 22.14% | 9.87% | 18.47% | -12.85% | 22.20% | 32.54% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 10.23% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EDM4.DE and MVEE.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.81 |
Over the past year, the correlation between EDM4.DE and MVEE.DE has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
EDM4.DE vs. MVEE.DE — Risk / Return Rank
EDM4.DE
MVEE.DE
EDM4.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.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.
| EDM4.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.77 | -0.07 |
| Martin ratioReturn relative to average drawdown | 6.17 | 6.16 | 0.00 |
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Drawdowns
EDM4.DE vs. MVEE.DE - Drawdown Comparison
The maximum EDM4.DE drawdown since its inception was -37.39%, 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 EDM4.DE and MVEE.DE.
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Drawdown Indicators
| EDM4.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -20.19% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -7.40% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -12.19% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -20.19% | -5.03% |
Current DrawdownCurrent decline from peak | -2.92% | -0.11% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -4.46% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.13% | +0.85% |
Volatility
EDM4.DE vs. MVEE.DE - Volatility Comparison
iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) has a higher volatility of 3.84% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 3.11%. This indicates that EDM4.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
| EDM4.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.11% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 8.48% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 10.16% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 12.10% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 12.46% | +5.77% |
EDM4.DE vs. MVEE.DE - Expense Ratio Comparison
EDM4.DE has a 0.12% 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
EDM4.DE vs. MVEE.DE - Dividend Comparison
Neither EDM4.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
EDM4.DE and MVEE.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM4.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for MVEE.DE.
EDM4.DE tracks MSCI EMU ESG Enhanced Focus, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.12% for EDM4.DE and 0.25% for MVEE.DE.
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