MIVA.DE vs. H4ZZ.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, MIVA.DE returned 10.34% vs 21.69% for H4ZZ.DE. A 0.65 correlation means they provide meaningful diversification when combined. MIVA.DE charges 0.23%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
MIVA.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVA.DE achieves a 7.08% return, which is significantly lower than H4ZZ.DE's 9.44% return.
MIVA.DE
- 1D
- -0.16%
- 1M
- 0.73%
- YTD
- 7.08%
- 6M
- 7.57%
- 1Y
- 10.34%
- 3Y*
- 11.51%
- 5Y*
- 6.99%
- 10Y*
- 7.30%
H4ZZ.DE
- 1D
- -0.68%
- 1M
- 2.65%
- YTD
- 9.44%
- 6M
- 10.41%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MIVA.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 7.08% | 12.05% | 3.88% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 9.44% | 22.35% | -2.42% |
Correlation
The correlation between MIVA.DE and H4ZZ.DE is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.65 |
The correlation between MIVA.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
MIVA.DE vs. H4ZZ.DE — Risk / Return Rank
MIVA.DE
H4ZZ.DE
MIVA.DE vs. H4ZZ.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 HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIVA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.97 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.46 | 6.84 | -2.38 |
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Drawdowns
MIVA.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and H4ZZ.DE.
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Drawdown Indicators
| MIVA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -16.46% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -10.94% | +4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -1.50% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -2.66% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.16% | -0.85% |
Volatility
MIVA.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 1.76%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 3.61%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 3.61% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 13.19% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 15.96% | -7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 16.80% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.09% | 16.80% | -4.71% |
MIVA.DE vs. H4ZZ.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is higher than H4ZZ.DE's 0.05% 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
MIVA.DE vs. H4ZZ.DE - Dividend Comparison
Neither MIVA.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVA.DE and H4ZZ.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.23% for MIVA.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.23% for MIVA.DE and 0.05% for H4ZZ.DE.
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