MIVA.DE vs. CEMT.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, MIVA.DE returned 6.51%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.82 suggests significant overlap in exposure. MIVA.DE charges 0.23%/yr vs 0.25%/yr for CEMT.DE.
Performance
MIVA.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with MIVA.DE having a 6.51% annualized return and CEMT.DE not far behind at 6.44%.
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%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
MIVA.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between MIVA.DE and CEMT.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.82 |
Over the past year, the correlation between MIVA.DE and CEMT.DE has dropped to 0.37 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
MIVA.DE vs. CEMT.DE — Risk / Return Rank
MIVA.DE
CEMT.DE
MIVA.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| MIVA.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.10 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.96 | 4.03 | -2.07 |
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
| MIVA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.77 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.28 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.40 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.37 | +0.15 |
Drawdowns
MIVA.DE vs. CEMT.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and CEMT.DE.
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Drawdown Indicators
| MIVA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -37.66% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -4.26% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -14.36% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -29.23% | +9.54% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | -37.66% | +7.09% |
Current DrawdownCurrent decline from peak | -3.21% | -0.39% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -7.08% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.16% | +1.51% |
Volatility
MIVA.DE vs. CEMT.DE - Volatility Comparison
Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) has a higher volatility of 3.14% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that MIVA.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIVA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 0.00% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 0.00% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 6.11% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 14.61% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.34% | 16.11% | -3.77% |
MIVA.DE vs. CEMT.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is lower than CEMT.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MIVA.DE vs. CEMT.DE - Dividend Comparison
Neither MIVA.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVA.DE and CEMT.DE have a correlation of 0.37, 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 CEMT.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for MIVA.DE and 0.25% for CEMT.DE.
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