FTGE.DE vs. MVEE.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.74%/yr vs 6.17%/yr for MVEE.DE. A 0.74 correlation means they provide meaningful diversification when combined. FTGE.DE charges 0.65%/yr vs 0.25%/yr for MVEE.DE.
Performance
FTGE.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 12.96% return, which is significantly higher than MVEE.DE's 8.14% return.
FTGE.DE
- 1D
- 0.00%
- 1M
- -0.29%
- YTD
- 12.96%
- 6M
- 13.77%
- 1Y
- 31.10%
- 3Y*
- 22.44%
- 5Y*
- 11.74%
- 10Y*
- —
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
FTGE.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 12.96% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 26.65% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 16.47% |
Correlation
The correlation between FTGE.DE and MVEE.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 18, 2020 | 0.74 |
Over the past year, the correlation between FTGE.DE and MVEE.DE has dropped to 0.53 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
FTGE.DE vs. MVEE.DE — Risk / Return Rank
FTGE.DE
MVEE.DE
FTGE.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| FTGE.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.58 | +1.75 |
| Martin ratioReturn relative to average drawdown | 12.80 | 5.45 | +7.35 |
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Drawdowns
FTGE.DE vs. MVEE.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, 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 FTGE.DE and MVEE.DE.
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Drawdown Indicators
| FTGE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -20.19% | -6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -7.40% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -12.19% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -20.19% | -6.44% |
Current DrawdownCurrent decline from peak | -1.61% | 0.00% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -4.50% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.15% | +0.29% |
Volatility
FTGE.DE vs. MVEE.DE - Volatility Comparison
First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) has a higher volatility of 3.30% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that FTGE.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
| FTGE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 2.19% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 8.16% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 9.93% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 12.08% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 12.47% | +5.91% |
FTGE.DE vs. MVEE.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
FTGE.DE vs. MVEE.DE - Dividend Comparison
Neither FTGE.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and MVEE.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FTGE.DE and 0.25% for MVEE.DE.
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