IS3S.DE vs. MIVU.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both exchange-traded funds - IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value, while MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, IS3S.DE returned 17.56%/yr vs 8.00%/yr for MIVU.DE. A 0.58 correlation means they provide meaningful diversification when combined. IS3S.DE charges 0.30%/yr vs 0.18%/yr for MIVU.DE.
Performance
IS3S.DE vs. MIVU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 36.34% return, which is significantly higher than MIVU.DE's 3.30% return.
IS3S.DE
- 1D
- 1.23%
- 1M
- 8.96%
- YTD
- 36.34%
- 6M
- 38.27%
- 1Y
- 65.13%
- 3Y*
- 26.01%
- 5Y*
- 17.56%
- 10Y*
- 13.06%
MIVU.DE
- 1D
- 0.49%
- 1M
- 1.92%
- YTD
- 3.30%
- 6M
- 4.32%
- 1Y
- 4.43%
- 3Y*
- 8.39%
- 5Y*
- 8.00%
- 10Y*
- —
IS3S.DE vs. MIVU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 36.34% | 25.13% | 11.36% | 15.62% | -4.81% | 30.35% | -12.53% | 22.01% | -11.79% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 3.30% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
Correlation
The correlation between IS3S.DE and MIVU.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.58 |
Over the past year, the correlation between IS3S.DE and MIVU.DE has dropped to 0.29 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
IS3S.DE vs. MIVU.DE — Risk / Return Rank
IS3S.DE
MIVU.DE
IS3S.DE vs. MIVU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| IS3S.DE | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.98 | ||
| Sortino ratioReturn per unit of downside risk | +5.28 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.09 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 10.63 | 0.91 | +9.72 |
| Martin ratioReturn relative to average drawdown | 38.66 | 2.24 | +36.42 |
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Drawdowns
IS3S.DE vs. MIVU.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.19%, 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 IS3S.DE and MIVU.DE.
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Drawdown Indicators
| IS3S.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.19% | -32.68% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -4.83% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -14.89% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -14.89% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -6.30% | +6.26% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -6.16% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.97% | -0.29% |
Volatility
IS3S.DE vs. MIVU.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.47% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.63%. This indicates that IS3S.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
| IS3S.DE | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 2.63% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 6.10% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 8.98% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 11.90% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 13.95% | +2.72% |
IS3S.DE vs. MIVU.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is higher than MIVU.DE's 0.18% expense ratio.
Dividends
IS3S.DE vs. MIVU.DE - Dividend Comparison
Neither IS3S.DE nor MIVU.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.DE and MIVU.DE have a correlation of 0.29, 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 IS3S.DE.
IS3S.DE is categorized as Global Equities, while MIVU.DE is Large Cap Blend Equities. IS3S.DE tracks MSCI World Enhanced Value, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for IS3S.DE and 0.18% for MIVU.DE.
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