ETSZ.DE vs. MIVA.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 6.51%/yr for MIVA.DE. Their correlation of 0.88 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.23%/yr for MIVA.DE.
Performance
ETSZ.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly higher than MIVA.DE's 5.31% return. Over the past 10 years, ETSZ.DE has outperformed MIVA.DE with an annualized return of 9.16%, while MIVA.DE has yielded a comparatively lower 6.51% annualized return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 3.00%
- YTD
- 7.24%
- 6M
- 9.76%
- 1Y
- 16.19%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
MIVA.DE
- 1D
- 0.58%
- 1M
- 0.53%
- YTD
- 5.31%
- 6M
- 6.68%
- 1Y
- 5.26%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
ETSZ.DE vs. MIVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
Correlation
The correlation between ETSZ.DE and MIVA.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.88 |
The correlation between ETSZ.DE and MIVA.DE has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. MIVA.DE — Risk / Return Rank
ETSZ.DE
MIVA.DE
ETSZ.DE vs. MIVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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.
| ETSZ.DE | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.75 | +0.96 |
| Martin ratioReturn relative to average drawdown | 6.45 | 1.96 | +4.49 |
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
| ETSZ.DE | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.60 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.65 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.52 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | -0.01 |
Drawdowns
ETSZ.DE vs. MIVA.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and MIVA.DE.
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Drawdown Indicators
| ETSZ.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -30.57% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.94% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -11.02% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -19.69% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -30.57% | -4.94% |
Current DrawdownCurrent decline from peak | -1.70% | -3.21% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -5.64% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.67% | -0.16% |
Volatility
ETSZ.DE vs. MIVA.DE - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.34% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 3.14%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSZ.DE | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.14% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 7.19% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 8.76% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 10.96% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 12.34% | +3.20% |
ETSZ.DE vs. MIVA.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than MIVA.DE's 0.23% 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
ETSZ.DE vs. MIVA.DE - Dividend Comparison
Neither ETSZ.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and MIVA.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.23% for MIVA.DE.
ETSZ.DE tracks STOXX® Europe 600, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.20% for ETSZ.DE and 0.23% for MIVA.DE.
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