MIVA.DE vs. IBCJ.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, MIVA.DE returned 6.51%/yr vs 9.17%/yr for IBCJ.DE. At a 0.47 correlation, their price movements are largely independent. MIVA.DE charges 0.23%/yr vs 0.74%/yr for IBCJ.DE.
Performance
MIVA.DE vs. IBCJ.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 IBCJ.DE's 16.30% return. Over the past 10 years, MIVA.DE has underperformed IBCJ.DE with an annualized return of 6.51%, while IBCJ.DE has yielded a comparatively higher 9.17% annualized return.
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%
IBCJ.DE
- 1D
- 0.17%
- 1M
- 1.95%
- YTD
- 16.30%
- 6M
- 26.50%
- 1Y
- 40.90%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
MIVA.DE vs. IBCJ.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% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | -9.07% | 35.59% |
Correlation
The correlation between MIVA.DE and IBCJ.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.47 |
The correlation between MIVA.DE and IBCJ.DE shifts across timeframes, from 0.36 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MIVA.DE vs. IBCJ.DE — Risk / Return Rank
MIVA.DE
IBCJ.DE
MIVA.DE vs. IBCJ.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 MSCI Poland UCITS ETF USD (Acc) (IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 3.90 | -3.14 |
| Martin ratioReturn relative to average drawdown | 1.96 | 9.60 | -7.63 |
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 | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.65 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.55 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.36 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.15 | +0.38 |
Drawdowns
MIVA.DE vs. IBCJ.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and IBCJ.DE.
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Drawdown Indicators
| MIVA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -56.11% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -9.96% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -18.47% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -47.31% | +27.62% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | -56.11% | +25.54% |
Current DrawdownCurrent decline from peak | -3.21% | -1.16% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -19.38% | +13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 4.05% | -1.38% |
Volatility
MIVA.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 3.14%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 7.13% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 17.61% | -10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 23.48% | -14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 26.72% | -15.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.34% | 25.15% | -12.81% |
MIVA.DE vs. IBCJ.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
MIVA.DE vs. IBCJ.DE - Dividend Comparison
Neither MIVA.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVA.DE and IBCJ.DE have a correlation of 0.36, 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 0.74% for IBCJ.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for MIVA.DE and 0.74% for IBCJ.DE.
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