MINV.L vs. MVEA.L
Compare and contrast key facts about iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L).
MINV.L and MVEA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MINV.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Nov 30, 2012. MVEA.L is a passively managed fund by iShares that tracks the performance of the Russell 1000 TR USD. It was launched on Apr 20, 2020. Both MINV.L and MVEA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINV.L or MVEA.L.
Key characteristics
| MINV.L | MVEA.L | |
|---|---|---|
| YTD Return | 12.13% | 11.99% |
| 1Y Return | 13.05% | 15.99% |
| 3Y Return (Ann) | 6.74% | 8.44% |
| Sharpe Ratio | 1.71 | 1.84 |
| Daily Std Dev | 7.58% | 8.88% |
| Max Drawdown | -20.38% | -12.43% |
| Current Drawdown | -0.23% | 0.00% |
Correlation
The correlation between MINV.L and MVEA.L is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MINV.L vs. MVEA.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with MINV.L having a 12.13% return and MVEA.L slightly lower at 11.99%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MINV.L vs. MVEA.L - Expense Ratio Comparison
MINV.L has a 0.35% expense ratio, which is higher than MVEA.L's 0.20% expense ratio.
Risk-Adjusted Performance
MINV.L vs. MVEA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
Dividends
MINV.L vs. MVEA.L - Dividend Comparison
Neither MINV.L nor MVEA.L has paid dividends to shareholders.
Drawdowns
MINV.L vs. MVEA.L - Drawdown Comparison
The maximum MINV.L drawdown since its inception was -20.38%, which is greater than MVEA.L's maximum drawdown of -12.43%. Use the drawdown chart below to compare losses from any high point for MINV.L and MVEA.L. For additional features, visit the drawdowns tool.
Volatility
MINV.L vs. MVEA.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.56%, while iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) has a volatility of 3.07%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than MVEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.