EUN0.DE vs. MVEE.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - EUN0.DE tracks the MSCI Europe Minimum Volatility while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EUN0.DE returned 7.18%/yr vs 6.05%/yr for MVEE.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
EUN0.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUN0.DE having a 7.42% return and MVEE.DE slightly higher at 7.52%.
EUN0.DE
- 1D
- -0.01%
- 1M
- 0.71%
- YTD
- 7.42%
- 6M
- 7.82%
- 1Y
- 10.67%
- 3Y*
- 11.66%
- 5Y*
- 7.18%
- 10Y*
- 7.39%
MVEE.DE
- 1D
- -0.57%
- 1M
- 0.58%
- YTD
- 7.52%
- 6M
- 8.05%
- 1Y
- 11.08%
- 3Y*
- 10.12%
- 5Y*
- 6.05%
- 10Y*
- —
EUN0.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 7.42% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | 12.87% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 7.52% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EUN0.DE and MVEE.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.91 |
The correlation between EUN0.DE and MVEE.DE shifts across timeframes, from 0.72 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUN0.DE vs. MVEE.DE — Risk / Return Rank
EUN0.DE
MVEE.DE
EUN0.DE vs. MVEE.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 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.
| EUN0.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.49 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.58 | 5.15 | -0.57 |
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Drawdowns
EUN0.DE vs. MVEE.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, 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 EUN0.DE and MVEE.DE.
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Drawdown Indicators
| EUN0.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -20.19% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -7.40% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -12.19% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -20.19% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -0.57% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -4.49% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.15% | +0.17% |
Volatility
EUN0.DE vs. MVEE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) is 1.79%, while iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) has a volatility of 2.10%. This indicates that EUN0.DE experiences smaller price fluctuations and is considered to be less risky than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN0.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.10% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 8.18% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 9.88% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 12.08% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.28% | 12.46% | -0.18% |
EUN0.DE vs. MVEE.DE - Expense Ratio Comparison
Both EUN0.DE and MVEE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUN0.DE vs. MVEE.DE - Dividend Comparison
Neither EUN0.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
EUN0.DE and MVEE.DE have a correlation of 0.72, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE and MVEE.DE have the same expense ratio: 0.25% per year.
EUN0.DE tracks MSCI Europe Minimum Volatility, while MVEE.DE tracks MSCI Europe NR EUR.
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