IS3H.DE vs. MVEE.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - IS3H.DE tracks the MSCI EMU Mid Cap while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, IS3H.DE returned 9.49%/yr vs 6.17%/yr for MVEE.DE. Their correlation of 0.81 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.25%/yr for MVEE.DE.
Performance
IS3H.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 12.27% return, which is significantly higher than MVEE.DE's 8.14% return.
IS3H.DE
- 1D
- -0.47%
- 1M
- 2.07%
- YTD
- 12.27%
- 6M
- 12.80%
- 1Y
- 21.89%
- 3Y*
- 19.80%
- 5Y*
- 9.49%
- 10Y*
- 10.75%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
IS3H.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 12.27% | 30.84% | 11.73% | 8.69% | -14.80% | 15.41% | 35.55% |
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 IS3H.DE and MVEE.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.81 |
Over the past year, the correlation between IS3H.DE and MVEE.DE has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
IS3H.DE vs. MVEE.DE — Risk / Return Rank
IS3H.DE
MVEE.DE
IS3H.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| IS3H.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.58 | +1.11 |
| Martin ratioReturn relative to average drawdown | 9.74 | 5.45 | +4.29 |
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Drawdowns
IS3H.DE vs. MVEE.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.64%, 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 IS3H.DE and MVEE.DE.
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Drawdown Indicators
| IS3H.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -20.19% | -17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -7.40% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -12.19% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -20.19% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -37.64% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.50% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.15% | +0.09% |
Volatility
IS3H.DE vs. MVEE.DE - Volatility Comparison
iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) has a higher volatility of 2.36% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that IS3H.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
| IS3H.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 2.19% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 8.16% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 9.93% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 12.08% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 12.47% | +3.38% |
IS3H.DE vs. MVEE.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
IS3H.DE vs. MVEE.DE - Dividend Comparison
Neither IS3H.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and MVEE.DE have a correlation of 0.59, 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 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.49% for IS3H.DE and 0.25% for MVEE.DE.
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