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ISEU.L vs. MIVO.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISEU.L vs. MIVO.L

Last updated Jun 5, 2026

ISEU.L (iShares MSCI Europe UCITS Dist) and MIVO.L (Amundi MSCI Europe Minimum Volatility UCITS) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, ISEU.L returned 8.98%/yr vs 6.21%/yr for MIVO.L. Their correlation of 0.82 suggests significant overlap in exposure. ISEU.L charges 1.00%/yr vs 0.13%/yr for MIVO.L.

Performance

ISEU.L vs. MIVO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe UCITS Dist (ISEU.L) and Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISEU.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, ISEU.L achieves a 6.49% return, which is significantly higher than MIVO.L's 3.98% return.

ISEU.L

1D
0.66%
1M
2.76%
YTD
6.49%
6M
9.55%
1Y
18.11%
3Y*
16.86%
5Y*
8.98%
10Y*
—

MIVO.L

1D
0.49%
1M
-0.24%
YTD
3.98%
6M
6.30%
1Y
6.82%
3Y*
13.12%
5Y*
6.21%
10Y*
6.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISEU.L vs. MIVO.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		6.49%35.19%2.19%19.52%-13.73%15.84%5.73%23.56%-14.38%26.22%
MIVO.L
Amundi MSCI Europe Minimum Volatility UCITS		3.98%26.41%4.73%14.22%-17.79%12.40%4.49%21.47%-8.86%23.92%

Correlation

The correlation between ISEU.L and MIVO.L is 0.73, 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

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2016

0.82

The correlation between ISEU.L and MIVO.L shifts across timeframes, from 0.73 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

ISEU.L vs. MIVO.L - Sectors Allocation Comparison

Sectors
ISEU.L
MIVO.L

Financial Services

23.3%
17.5%

Industrials

19.7%
15.5%

Healthcare

13.1%
13.1%

Technology

8.6%
2.5%

Consumer Defensive

8.4%
13.3%

Consumer Cyclical

6.3%
3.3%

Basic Materials

5.6%
3.6%

Energy

5.4%
9.9%

Utilities

5.1%
10.5%

Communication Services

3.7%
9.5%

Real Estate

0.8%
1.5%

Financial Services

ISEU.L
23.3%
MIVO.L
17.5%

Industrials

ISEU.L
19.7%
MIVO.L
15.5%

Healthcare

ISEU.L
13.1%
MIVO.L
13.1%

Technology

ISEU.L
8.6%
MIVO.L
2.5%

Consumer Defensive

ISEU.L
8.4%
MIVO.L
13.3%

Consumer Cyclical

ISEU.L
6.3%
MIVO.L
3.3%

Basic Materials

ISEU.L
5.6%
MIVO.L
3.6%

Energy

ISEU.L
5.4%
MIVO.L
9.9%

Utilities

ISEU.L
5.1%
MIVO.L
10.5%

Communication Services

ISEU.L
3.7%
MIVO.L
9.5%

Real Estate

ISEU.L
0.8%
MIVO.L
1.5%

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iShares MSCI Europe UCITS Dist

Amundi MSCI Europe Minimum Volatility UCITS

Often compared with ISEU.L:
ISEU.L vs. ISX5.LISEU.L vs. EMMISEU.L vs. MJMT.DEISEU.L vs. VEUR.LISEU.L vs. QQQISEU.L vs. CSPX.LISEU.L vs. ^GSPC
Often compared with MIVO.L:
MIVO.L vs. IMV.LMIVO.L vs. MVED.LMIVO.L vs. EDIV.LMIVO.L vs. WDEP.LMIVO.L vs. PRUK.LMIVO.L vs. CSWG.LMIVO.L vs. HDEU.L

Return for Risk

ISEU.L vs. MIVO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISEU.L
ISEU.L Risk / Return Rank: 3434
Overall Rank
ISEU.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
ISEU.L Sortino Ratio Rank: 3434
Sortino Ratio Rank
ISEU.L Omega Ratio Rank: 3434
Omega Ratio Rank
ISEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
ISEU.L Martin Ratio Rank: 3737
Martin Ratio Rank
MIVO.L
MIVO.L Risk / Return Rank: 2323
Overall Rank
MIVO.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
MIVO.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
MIVO.L Omega Ratio Rank: 2525
Omega Ratio Rank
MIVO.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
MIVO.L Martin Ratio Rank: 2222
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISEU.L vs. MIVO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.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.

ISEU.LMIVO.LDifference
Sharpe ratioReturn per unit of total volatility
1.19
0.62

+0.57

Sortino ratioReturn per unit of downside risk
1.77
0.91

+0.86

Omega ratioGain probability vs. loss probability

1.22

1.12

+0.10

Calmar ratioReturn relative to maximum drawdown

1.57

0.75

+0.82

Martin ratioReturn relative to average drawdown

5.63

2.21

+3.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISEU.L vs. MIVO.L - Sharpe Ratio Comparison

The current ISEU.L Sharpe Ratio is 1.19, which is higher than the MIVO.L Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ISEU.L and MIVO.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ISEU.LMIVO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

0.62

+0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.43

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.57

+0.03

Drawdowns

ISEU.L vs. MIVO.L - Drawdown Comparison

The maximum ISEU.L drawdown since its inception was -36.02%, which is greater than MIVO.L's maximum drawdown of -32.47%. Use the drawdown chart below to compare losses from any high point for ISEU.L and MIVO.L.

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Drawdown Indicators

ISEU.LMIVO.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.02%

-32.47%

-3.55%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-9.04%

-2.43%

Max Drawdown (3Y)

Largest decline over 3 years

-14.15%

-10.08%

-4.07%

Max Drawdown (5Y)

Largest decline over 5 years

-30.77%

-32.47%

+1.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.47%

—

Current Drawdown

Current decline from peak

-1.38%

-5.35%

+3.97%

Average Drawdown

Average peak-to-trough decline

-6.33%

-6.01%

-0.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

3.09%

+0.12%

Volatility

ISEU.L vs. MIVO.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (ISEU.L) has a higher volatility of 5.35% compared to Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) at 3.49%. This indicates that ISEU.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

ISEU.LMIVO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.35%

3.49%

+1.86%

Volatility (6M)

Calculated over the trailing 6-month period

12.62%

8.70%

+3.92%

Volatility (1Y)

Calculated over the trailing 1-year period

15.14%

10.90%

+4.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.66%

14.29%

+3.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.61%

14.60%

+3.01%

ISEU.L vs. MIVO.L - Expense Ratio Comparison

ISEU.L has a 1.00% expense ratio, which is higher than MIVO.L's 0.13% expense ratio.

Dividends

ISEU.L vs. MIVO.L - Dividend Comparison

ISEU.L's dividend yield for the trailing twelve months is around 2.54%, while MIVO.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		2.54%2.46%3.00%2.81%2.86%2.36%1.91%3.03%3.28%2.48%
MIVO.L
Amundi MSCI Europe Minimum Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISEU.L and MIVO.L have a correlation of 0.73, 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 1.00% for ISEU.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 1.00% for ISEU.L and 0.13% for MIVO.L.

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