IMVU.L vs. MIVO.L
IMVU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) and MIVO.L (Amundi MSCI Europe Minimum Volatility UCITS) are both Europe Equities funds - IMVU.L tracks the iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) while MIVO.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, IMVU.L returned 12.66%/yr vs 12.44%/yr for MIVO.L. Their correlation of 0.92 suggests significant overlap in exposure. IMVU.L charges 0.25%/yr vs 0.13%/yr for MIVO.L.
Performance
IMVU.L vs. MIVO.L - Performance Comparison
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Different Trading Currencies
IMVU.L is traded in USD, while MIVO.L is traded in GBp. To make them comparable, the MIVO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMVU.L achieves a 6.00% return, which is significantly higher than MIVO.L's 5.27% return.
IMVU.L
- 1D
- 0.29%
- 1M
- 0.33%
- 6M
- 4.76%
- YTD
- 6.00%
- 1Y
- 10.14%
- 3Y*
- 12.66%
- 5Y*
- —
- 10Y*
- —
MIVO.L
- 1D
- 0.40%
- 1M
- 0.21%
- 6M
- 4.33%
- YTD
- 5.27%
- 1Y
- 9.59%
- 3Y*
- 12.44%
- 5Y*
- 6.23%
- 10Y*
- 5.25%
IMVU.L vs. MIVO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IMVU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 6.00% | 26.03% | 5.02% | 7.89% |
MIVO.L Amundi MSCI Europe Minimum Volatility UCITS | 5.27% | 26.41% | 4.73% | 8.23% |
Correlation
The correlation between IMVU.L and MIVO.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023 | 0.92 |
The correlation between IMVU.L and MIVO.L has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
IMVU.L vs. MIVO.L — Risk / Return Rank
IMVU.L
MIVO.L
IMVU.L vs. MIVO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (IMVU.L) and Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L). 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.
| IMVU.L | MIVO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.91 | +0.13 |
| Martin ratioReturn relative to average drawdown | 2.80 | 2.38 | +0.42 |
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Drawdowns
IMVU.L vs. MIVO.L - Drawdown Comparison
The maximum IMVU.L drawdown since its inception was -10.74%, smaller than the maximum MIVO.L drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for IMVU.L and MIVO.L.
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Drawdown Indicators
| IMVU.L | MIVO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.74% | -38.21% | +27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -9.04% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.42% | -10.08% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.41% | — |
Current DrawdownCurrent decline from peak | -3.61% | -4.18% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -11.82% | +8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.47% | -0.09% |
Volatility
IMVU.L vs. MIVO.L - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (IMVU.L) has a higher volatility of 3.52% compared to Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) at 3.17%. This indicates that IMVU.L's price experiences larger fluctuations and is considered to be riskier than MIVO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVU.L | MIVO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.17% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 9.10% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 10.97% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 14.32% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.14% | 15.14% | -3.00% |
IMVU.L vs. MIVO.L - Expense Ratio Comparison
IMVU.L has a 0.25% expense ratio, which is higher than MIVO.L's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IMVU.L vs. MIVO.L - Dividend Comparison
Neither IMVU.L nor MIVO.L has paid dividends to shareholders.
Frequently Asked Questions
IMVU.L and MIVO.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVO.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVO.L is cheaper with a 0.13% expense ratio, compared with 0.25% for IMVU.L.
IMVU.L tracks iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc), while MIVO.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IMVU.L and 0.13% for MIVO.L.
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