MIVA.DE vs. EUN0.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds tracking the MSCI Europe Minimum Volatility, from Amundi and iShares respectively. Both are passively managed. Over the past 10 years, MIVA.DE returned 6.51%/yr vs 6.66%/yr for EUN0.DE. With a 0.96 correlation, they move nearly in lockstep. MIVA.DE charges 0.23%/yr vs 0.25%/yr for EUN0.DE.
Performance
MIVA.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVA.DE achieves a 5.31% return, which is significantly lower than EUN0.DE's 5.60% return. Both investments have delivered pretty close results over the past 10 years, with MIVA.DE having a 6.51% annualized return and EUN0.DE not far ahead at 6.66%.
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%
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
MIVA.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between MIVA.DE and EUN0.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.96 |
The correlation between MIVA.DE and EUN0.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
MIVA.DE vs. EUN0.DE — Risk / Return Rank
MIVA.DE
EUN0.DE
MIVA.DE vs. EUN0.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 Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.76 | 0.00 |
| Martin ratioReturn relative to average drawdown | 1.96 | 1.97 | -0.01 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.66 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.63 | -0.11 |
Drawdowns
MIVA.DE vs. EUN0.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, roughly equal to the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and EUN0.DE.
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Drawdown Indicators
| MIVA.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -30.68% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -7.16% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -10.73% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -19.64% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | -30.68% | +0.11% |
Current DrawdownCurrent decline from peak | -3.21% | -3.12% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -4.69% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.76% | -0.09% |
Volatility
MIVA.DE vs. EUN0.DE - Volatility Comparison
Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) have volatilities of 3.14% and 3.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIVA.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.03% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 7.20% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 8.77% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 11.02% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.34% | 12.51% | -0.17% |
MIVA.DE vs. EUN0.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is lower than EUN0.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. EUN0.DE - Dividend Comparison
Neither MIVA.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, MIVA.DE and EUN0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 EUN0.DE.
Both ETFs track MSCI Europe Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for MIVA.DE and 0.25% for EUN0.DE.
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