IBCH.DE vs. MVEW.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IBCH.DE returned 10.57%/yr vs 6.47%/yr for MVEW.DE. A 0.60 correlation means they provide meaningful diversification when combined. IBCH.DE charges 0.55%/yr vs 0.30%/yr for MVEW.DE.
Performance
IBCH.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly higher than MVEW.DE's 1.17% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
IBCH.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 30.40% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between IBCH.DE and MVEW.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.60 |
Over the past year, the correlation between IBCH.DE and MVEW.DE has dropped to 0.24 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
IBCH.DE vs. MVEW.DE — Risk / Return Rank
IBCH.DE
MVEW.DE
IBCH.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| IBCH.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.02 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 0.10 | +2.94 |
| Martin ratioReturn relative to average drawdown | 13.04 | 0.20 | +12.84 |
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
| IBCH.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.06 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.62 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.63 | 0.00 |
Drawdowns
IBCH.DE vs. MVEW.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for IBCH.DE and MVEW.DE.
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Drawdown Indicators
| IBCH.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -13.19% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -4.68% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -13.19% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -13.19% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -5.75% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -3.83% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.27% | -0.45% |
Volatility
IBCH.DE vs. MVEW.DE - Volatility Comparison
iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) has a higher volatility of 2.94% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that IBCH.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCH.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.58% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 5.42% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 7.97% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 10.25% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 10.82% | +4.50% |
IBCH.DE vs. MVEW.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than MVEW.DE's 0.30% expense ratio.
Dividends
IBCH.DE vs. MVEW.DE - Dividend Comparison
Neither IBCH.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and MVEW.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for IBCH.DE.
IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while MVEW.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.55% for IBCH.DE and 0.30% for MVEW.DE.
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