EMNE.DE vs. MVEE.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 6.08%/yr for MVEE.DE. A 0.76 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.25%/yr for MVEE.DE.
Performance
EMNE.DE vs. MVEE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMNE.DE achieves a 10.66% return, which is significantly higher than MVEE.DE's 9.49% return.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
MVEE.DE
- 1D
- 0.11%
- 1M
- 2.19%
- 6M
- 8.03%
- YTD
- 9.49%
- 1Y
- 12.98%
- 3Y*
- 10.17%
- 5Y*
- 6.08%
- 10Y*
- —
EMNE.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 29.41% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.49% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EMNE.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.76 |
The correlation between EMNE.DE and MVEE.DE shifts across timeframes, from 0.59 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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
EMNE.DE vs. MVEE.DE — Risk / Return Rank
EMNE.DE
MVEE.DE
EMNE.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
| EMNE.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.75 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.80 | 6.08 | +0.72 |
Loading charts...
Drawdowns
EMNE.DE vs. MVEE.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, 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 EMNE.DE and MVEE.DE.
Loading charts...
Drawdown Indicators
| EMNE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -20.19% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -7.40% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -12.19% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -20.19% | -4.51% |
Current DrawdownCurrent decline from peak | -2.07% | -0.78% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.46% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.13% | +0.82% |
Volatility
EMNE.DE vs. MVEE.DE - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.83% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.78%. This indicates that EMNE.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
| EMNE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.78% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 8.37% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 10.06% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 12.08% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 12.45% | +7.54% |
EMNE.DE vs. MVEE.DE - Expense Ratio Comparison
EMNE.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
EMNE.DE vs. MVEE.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
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% |
Frequently Asked Questions
EMNE.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, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for MVEE.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.12% for EMNE.DE and 0.25% for MVEE.DE.
Find the right allocation for EMNE.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