EXSA.DE vs. MVEE.DE
EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - EXSA.DE tracks the STOXX® Europe 600 while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EXSA.DE returned 9.94%/yr vs 6.17%/yr for MVEE.DE. Their correlation of 0.88 suggests significant overlap in exposure. EXSA.DE charges 0.20%/yr vs 0.25%/yr for MVEE.DE.
Performance
EXSA.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSA.DE achieves a 10.34% return, which is significantly higher than MVEE.DE's 8.14% return.
EXSA.DE
- 1D
- 0.77%
- 1M
- 2.12%
- YTD
- 10.34%
- 6M
- 11.08%
- 1Y
- 22.39%
- 3Y*
- 15.45%
- 5Y*
- 9.94%
- 10Y*
- 10.56%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
EXSA.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 10.34% | 20.48% | 8.50% | 15.48% | -10.35% | 24.57% | 25.33% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between EXSA.DE and MVEE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.88 |
Over the past year, the correlation between EXSA.DE and MVEE.DE has dropped to 0.66 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
EXSA.DE vs. MVEE.DE — Risk / Return Rank
EXSA.DE
MVEE.DE
EXSA.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.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.
| EXSA.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.58 | +0.74 |
| Martin ratioReturn relative to average drawdown | 8.89 | 5.45 | +3.44 |
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Drawdowns
EXSA.DE vs. MVEE.DE - Drawdown Comparison
The maximum EXSA.DE drawdown since its inception was -58.34%, 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 EXSA.DE and MVEE.DE.
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Drawdown Indicators
| EXSA.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -20.19% | -38.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -7.40% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -12.19% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -20.19% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -4.50% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.15% | +0.36% |
Volatility
EXSA.DE vs. MVEE.DE - Volatility Comparison
iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) has a higher volatility of 2.89% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that EXSA.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.
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Volatility by Period
| EXSA.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.19% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 8.16% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 9.93% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 12.08% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 12.47% | +3.01% |
EXSA.DE vs. MVEE.DE - Expense Ratio Comparison
EXSA.DE has a 0.20% 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
EXSA.DE vs. MVEE.DE - Dividend Comparison
EXSA.DE's dividend yield for the trailing twelve months is around 2.48%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.48% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXSA.DE and MVEE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for MVEE.DE.
EXSA.DE tracks STOXX® Europe 600, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.20% for EXSA.DE and 0.25% for MVEE.DE.
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