EMEC.DE vs. MVEW.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 6.47%/yr for MVEW.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
EMEC.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly higher than MVEW.DE's 1.17% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
EMEC.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 24.30% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between EMEC.DE and MVEW.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.73 |
Over the past year, the correlation between EMEC.DE and MVEW.DE has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
EMEC.DE vs. MVEW.DE — Risk / Return Rank
EMEC.DE
MVEW.DE
EMEC.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| EMEC.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.02 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 0.10 | +2.54 |
| Martin ratioReturn relative to average drawdown | 9.05 | 0.20 | +8.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMEC.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.06 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.62 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.63 | +0.19 |
Drawdowns
EMEC.DE vs. MVEW.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and MVEW.DE.
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Drawdown Indicators
| EMEC.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -13.19% | -16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -4.68% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -13.19% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -13.19% | -7.59% |
Current DrawdownCurrent decline from peak | -0.24% | -5.75% | +5.51% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -3.83% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.27% | +0.05% |
Volatility
EMEC.DE vs. MVEW.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a higher volatility of 3.47% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that EMEC.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEC.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.58% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 5.42% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 7.97% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 10.25% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 10.82% | +5.18% |
EMEC.DE vs. MVEW.DE - Expense Ratio Comparison
Both EMEC.DE and MVEW.DE have an expense ratio of 0.30%.
Dividends
EMEC.DE vs. MVEW.DE - Dividend Comparison
Neither EMEC.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and MVEW.DE have a correlation of 0.48, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE and MVEW.DE have the same expense ratio: 0.30% per year.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: BNP Paribas and iShares.
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