IS3U.DE vs. MIVA.DE
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - IS3U.DE tracks the MSCI France Index while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, IS3U.DE returned 9.25%/yr vs 6.51%/yr for MIVA.DE. A 0.79 correlation means they provide meaningful diversification when combined. IS3U.DE charges 0.25%/yr vs 0.23%/yr for MIVA.DE.
Performance
IS3U.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3U.DE achieves a 3.55% return, which is significantly lower than MIVA.DE's 5.31% return. Over the past 10 years, IS3U.DE has outperformed MIVA.DE with an annualized return of 9.25%, while MIVA.DE has yielded a comparatively lower 6.51% annualized return.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
MIVA.DE
- 1D
- 0.58%
- 1M
- -0.46%
- YTD
- 5.31%
- 6M
- 6.85%
- 1Y
- 5.14%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
IS3U.DE vs. MIVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 14.42% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
Correlation
The correlation between IS3U.DE and MIVA.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.79 |
The correlation between IS3U.DE and MIVA.DE has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
IS3U.DE vs. MIVA.DE — Risk / Return Rank
IS3U.DE
MIVA.DE
IS3U.DE vs. MIVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) and Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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.
| IS3U.DE | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.75 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.37 | 1.96 | +0.41 |
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
| IS3U.DE | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.60 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.65 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.52 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.53 | -0.04 |
Drawdowns
IS3U.DE vs. MIVA.DE - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and MIVA.DE.
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Drawdown Indicators
| IS3U.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -30.57% | -8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -6.94% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -11.02% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -19.69% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -30.57% | -8.41% |
Current DrawdownCurrent decline from peak | -2.54% | -3.21% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -5.64% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.67% | +0.79% |
Volatility
IS3U.DE vs. MIVA.DE - Volatility Comparison
iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) has a higher volatility of 4.25% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 3.14%. This indicates that IS3U.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3U.DE | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.14% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 7.19% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 8.76% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 10.96% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 12.34% | +5.08% |
IS3U.DE vs. MIVA.DE - Expense Ratio Comparison
IS3U.DE has a 0.25% expense ratio, which is higher than MIVA.DE's 0.23% 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
IS3U.DE vs. MIVA.DE - Dividend Comparison
Neither IS3U.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and MIVA.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for IS3U.DE.
IS3U.DE tracks MSCI France Index, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IS3U.DE and 0.23% for MIVA.DE.
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