EUN0.DE vs. MIVA.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds tracking the MSCI Europe Minimum Volatility, from iShares and Amundi respectively. Both are passively managed. Over the past 10 years, EUN0.DE returned 6.66%/yr vs 6.51%/yr for MIVA.DE. With a 0.96 correlation, they move nearly in lockstep. EUN0.DE charges 0.25%/yr vs 0.23%/yr for MIVA.DE.
Performance
EUN0.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 5.60% return, which is significantly higher than MIVA.DE's 5.31% return. Both investments have delivered pretty close results over the past 10 years, with EUN0.DE having a 6.66% annualized return and MIVA.DE not far behind at 6.51%.
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
MIVA.DE
- 1D
- 0.58%
- 1M
- -0.46%
- YTD
- 5.31%
- 6M
- 6.85%
- 1Y
- 5.14%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
EUN0.DE vs. MIVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
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 EUN0.DE and MIVA.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.96 |
The correlation between EUN0.DE and MIVA.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
EUN0.DE vs. MIVA.DE — Risk / Return Rank
EUN0.DE
MIVA.DE
EUN0.DE vs. MIVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| EUN0.DE | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.75 | 0.00 |
| Martin ratioReturn relative to average drawdown | 1.97 | 1.96 | +0.01 |
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
| EUN0.DE | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.60 | +0.02 |
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 | 0.53 | 0.52 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.53 | +0.11 |
Drawdowns
EUN0.DE vs. MIVA.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, roughly equal to the maximum MIVA.DE drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and MIVA.DE.
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Drawdown Indicators
| EUN0.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -30.57% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -6.94% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -11.02% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -19.69% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -30.57% | -0.11% |
Current DrawdownCurrent decline from peak | -3.12% | -3.21% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.64% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.67% | +0.09% |
Volatility
EUN0.DE vs. MIVA.DE - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) and Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) have volatilities of 3.03% and 3.14%, 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.
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Volatility by Period
| EUN0.DE | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.14% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 7.19% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 8.76% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 10.96% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 12.34% | +0.17% |
EUN0.DE vs. MIVA.DE - Expense Ratio Comparison
EUN0.DE has a 0.25% expense ratio, which is higher than MIVA.DE's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUN0.DE vs. MIVA.DE - Dividend Comparison
Neither EUN0.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EUN0.DE and MIVA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for EUN0.DE.
Both ETFs track MSCI Europe Minimum Volatility. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for EUN0.DE and 0.23% for MIVA.DE.
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