EUMV.L vs. MVEU.L

Last updated Jul 18, 2026

EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Natixis and iShares respectively. Both are passively managed. Over the past 10 years, EUMV.L returned 6.94%/yr vs 6.96%/yr for MVEU.L. Their correlation of 0.89 suggests significant overlap in exposure. EUMV.L charges 0.45%/yr vs 0.25%/yr for MVEU.L.

Performance

EUMV.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUMV.L achieves a 8.39% return, which is significantly lower than MVEU.L's 9.39% return. Both investments have delivered pretty close results over the past 10 years, with EUMV.L having a 6.94% annualized return and MVEU.L not far ahead at 6.96%.

EUMV.L

• 1D: 0.41%
• 1M: 1.12%
• 6M: 6.04%
• YTD: 8.39%
• 1Y: 9.17%
• 3Y*: 12.97%
• 5Y*: 6.48%
• 10Y*: 6.94%

MVEU.L

• 1D: 0.78%
• 1M: 2.33%
• 6M: 7.23%
• YTD: 9.39%
• 1Y: 11.84%
• 3Y*: 12.06%
• 5Y*: 7.16%
• 10Y*: 6.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUMV.L vs. MVEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR)	8.39%	12.06%	14.58%	6.69%	-13.93%	23.15%	0.82%	18.31%	-4.96%	12.22%
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)	9.39%	11.66%	11.79%	10.66%	-12.67%	21.67%	-3.86%	22.42%	-3.82%	9.48%

Correlation

The correlation between EUMV.L and MVEU.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.89

The correlation between EUMV.L and MVEU.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

EUMV.L vs. MVEU.L - Sectors Allocation Comparison

Sectors	EUMV.L	MVEU.L
Utilities	21.2%	10.0%
Industrials	17.7%	15.6%
Communication Services	17.6%	8.3%
Financial Services	17.2%	17.7%
Real Estate	10.5%	1.5%
Technology	9.5%	3.5%
Energy	2.5%	6.6%
Consumer Cyclical	2.0%	3.6%
Healthcare	1.3%	12.8%
Consumer Defensive	1.1%	14.5%
Basic Materials	0.5%	5.2%

Return for Risk

EUMV.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUMV.L

EUMV.L Risk / Return Rank: 31
EUMV.L Sharpe Ratio Rank: 31
EUMV.L Sortino Ratio Rank: 29
EUMV.L Omega Ratio Rank: 30
EUMV.L Calmar Ratio Rank: 30
EUMV.L Martin Ratio Rank: 34

MVEU.L

MVEU.L Risk / Return Rank: 47
MVEU.L Sharpe Ratio Rank: 50
MVEU.L Sortino Ratio Rank: 49
MVEU.L Omega Ratio Rank: 50
MVEU.L Calmar Ratio Rank: 42
MVEU.L Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUMV.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). 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.

	EUMV.L	MVEU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.34	-0.45
Sortino ratio: Return per unit of downside risk	1.27	1.91	-0.64
Omega ratio: Gain probability vs. loss probability	1.17	1.24	-0.08
Calmar ratio: Return relative to maximum drawdown	1.17	1.68	-0.50
Martin ratio: Return relative to average drawdown	3.91	5.18	-1.26

EUMV.L vs. MVEU.L - Sharpe Ratio Comparison

The current EUMV.L Sharpe Ratio is 0.89, which is lower than the MVEU.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of EUMV.L and MVEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUMV.L vs. MVEU.L - Drawdown Comparison

The maximum EUMV.L drawdown since its inception was -30.58%, roughly equal to the maximum MVEU.L drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for EUMV.L and MVEU.L.

Drawdown Indicators

	EUMV.L	MVEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.58%	-30.56%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	-7.04%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.32%	-10.78%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.37%	-19.51%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	-30.58%	-30.56%	-0.02%
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-4.83%	-4.53%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	2.28%	+0.06%

Volatility

EUMV.L vs. MVEU.L - Volatility Comparison

Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) have volatilities of 2.33% and 2.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUMV.L	MVEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	2.38%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	7.25%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	8.81%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	11.05%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	12.15%	-0.01%

EUMV.L vs. MVEU.L - Expense Ratio Comparison

EUMV.L has a 0.45% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

EUMV.L vs. MVEU.L - Dividend Comparison

Neither EUMV.L nor MVEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EUMV.L and MVEU.L in my portfolio?

EUMV.L and MVEU.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUMV.L or MVEU.L?

On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUMV.L or MVEU.L?

MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.45% for EUMV.L.

What is the main difference between EUMV.L and MVEU.L?

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.45% for EUMV.L and 0.25% for MVEU.L.