MIVA.DE vs. JREZ.DE

Last updated Jun 5, 2026

MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and JREZ.DE (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while JREZ.DE tracks the JP Morgan Eurozone Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 3 years, MIVA.DE returned 10.24%/yr vs 15.63%/yr for JREZ.DE. A 0.75 correlation means they provide meaningful diversification when combined. MIVA.DE charges 0.23%/yr vs 0.25%/yr for JREZ.DE.

Performance

MIVA.DE vs. JREZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIVA.DE achieves a 5.31% return, which is significantly lower than JREZ.DE's 8.95% 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%

JREZ.DE

• 1D: 0.54%
• 1M: 1.81%
• YTD: 8.95%
• 6M: 10.72%
• 1Y: 18.03%
• 3Y*: 15.63%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIVA.DE vs. JREZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)	5.31%	12.05%	11.43%	10.68%	-6.20%
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	8.95%	23.99%	8.26%	20.23%	0.68%

Correlation

The correlation between MIVA.DE and JREZ.DE is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.75

The correlation between MIVA.DE and JREZ.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

Return for Risk

MIVA.DE vs. JREZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIVA.DE

MIVA.DE Risk / Return Rank: 19
MIVA.DE Sharpe Ratio Rank: 19
MIVA.DE Sortino Ratio Rank: 18
MIVA.DE Omega Ratio Rank: 19
MIVA.DE Calmar Ratio Rank: 19
MIVA.DE Martin Ratio Rank: 18

JREZ.DE

JREZ.DE Risk / Return Rank: 37
JREZ.DE Sharpe Ratio Rank: 35
JREZ.DE Sortino Ratio Rank: 36
JREZ.DE Omega Ratio Rank: 35
JREZ.DE Calmar Ratio Rank: 37
JREZ.DE Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIVA.DE vs. JREZ.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 JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.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	JREZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.23	-0.63
Sortino ratio: Return per unit of downside risk	0.88	1.85	-0.97
Omega ratio: Gain probability vs. loss probability	1.11	1.23	-0.12
Calmar ratio: Return relative to maximum drawdown	0.75	1.80	-1.04
Martin ratio: Return relative to average drawdown	1.96	6.49	-4.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIVA.DE vs. JREZ.DE - Sharpe Ratio Comparison

The current MIVA.DE Sharpe Ratio is 0.60, which is lower than the JREZ.DE Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of MIVA.DE and JREZ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MIVA.DE	JREZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.23	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.96	-0.44

Drawdowns

MIVA.DE vs. JREZ.DE - Drawdown Comparison

The maximum MIVA.DE drawdown since its inception was -30.57%, which is greater than JREZ.DE's maximum drawdown of -14.86%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and JREZ.DE.

Drawdown Indicators

	MIVA.DE	JREZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.57%	-14.86%	-15.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-10.20%	+3.26%
Max Drawdown (3Y) Largest decline over 3 years	-11.02%	-14.81%	+3.79%
Max Drawdown (5Y) Largest decline over 5 years	-19.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.57%	—	—
Current Drawdown Current decline from peak	-3.21%	-0.54%	-2.67%
Average Drawdown Average peak-to-trough decline	-5.64%	-2.89%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.83%	-0.16%

Volatility

MIVA.DE vs. JREZ.DE - Volatility Comparison

The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 3.14%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) has a volatility of 4.64%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than JREZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIVA.DE	JREZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	4.64%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	12.16%	-4.97%
Volatility (1Y) Calculated over the trailing 1-year period	8.76%	14.92%	-6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.96%	15.44%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.34%	15.44%	-3.10%

MIVA.DE vs. JREZ.DE - Expense Ratio Comparison

MIVA.DE has a 0.23% expense ratio, which is lower than JREZ.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. JREZ.DE - Dividend Comparison

Neither MIVA.DE nor JREZ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MIVA.DE and JREZ.DE in my portfolio?

MIVA.DE and JREZ.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MIVA.DE or JREZ.DE?

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.

Which ETF is cheaper, MIVA.DE or JREZ.DE?

MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for JREZ.DE.

What is the main difference between MIVA.DE and JREZ.DE?

MIVA.DE tracks MSCI Europe Minimum Volatility, while JREZ.DE tracks JP Morgan Eurozone Research Enhanced Index Equity (ESG). They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.23% for MIVA.DE and 0.25% for JREZ.DE.