HDLV.DE vs. MIVU.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both exchange-traded funds - HDLV.DE is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Net Total Return Index, while MIVU.DE is a Low Volatility fund tracking the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, HDLV.DE returned 8.35%/yr vs 7.28%/yr for MIVU.DE. Their 0.74 correlation means they have sometimes moved together and sometimes differently. HDLV.DE charges 0.30%/yr vs 0.18%/yr for MIVU.DE.
Performance
HDLV.DE vs. MIVU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 16.59% return, which is significantly higher than MIVU.DE's 6.64% return.
HDLV.DE
- 1D
- 0.63%
- 1M
- 3.21%
- 6M
- 14.46%
- YTD
- 16.59%
- 1Y
- 17.19%
- 3Y*
- 10.30%
- 5Y*
- 8.35%
- 10Y*
- 6.38%
- ALL TIME*
- 6.86%
MIVU.DE
- 1D
- 0.70%
- 1M
- 1.96%
- 6M
- 7.51%
- YTD
- 6.64%
- 1Y
- 8.38%
- 3Y*
- 9.20%
- 5Y*
- 7.28%
- 10Y*
- —
- ALL TIME*
- 8.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €778.38K | €756.30K | €815.43K | |
| €97.12K | €55.31K | €51.21K |
HDLV.DE vs. MIVU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 16.59% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -8.59% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 6.64% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
Correlation
The correlation between HDLV.DE and MIVU.DE is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.74 |
The correlation between HDLV.DE and MIVU.DE shifts across timeframes, from 0.63 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HDLV.DE vs. MIVU.DE — Risk / Return Rank
HDLV.DE
MIVU.DE
HDLV.DE vs. MIVU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) and Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.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.
| HDLV.DE | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.73 | +0.88 |
| Martin ratioReturn relative to average drawdown | 6.64 | 4.21 | +2.43 |
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Drawdowns
HDLV.DE vs. MIVU.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, which is greater than MIVU.DE's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and MIVU.DE.
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Drawdown Indicators
| HDLV.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -32.68% | -6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -4.83% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -14.89% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -14.89% | -5.10% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.27% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -6.14% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.99% | +0.59% |
Volatility
HDLV.DE vs. MIVU.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a higher volatility of 3.85% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.55%. This indicates that HDLV.DE's price experiences larger fluctuations and is considered to be riskier than MIVU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.DE | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 2.55% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 6.22% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 8.88% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 11.89% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 13.89% | +3.23% |
HDLV.DE vs. MIVU.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is higher than MIVU.DE's 0.18% expense ratio.
Dividends
HDLV.DE vs. MIVU.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.36%, while MIVU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.36% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 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
HDLV.DE and MIVU.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for HDLV.DE.
HDLV.DE is categorized as Dividend, while MIVU.DE is Low Volatility. HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.30% for HDLV.DE and 0.18% for MIVU.DE.
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