MIVA.DE vs. MVEE.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, MIVA.DE returned 7.20%/yr vs 6.16%/yr for MVEE.DE. Their correlation of 0.95 suggests significant overlap in exposure. MIVA.DE charges 0.23%/yr vs 0.25%/yr for MVEE.DE.
Performance
MIVA.DE vs. MVEE.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 MVEE.DE's 5.59% 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%
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 10Y*
- —
MIVA.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | 11.80% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
Correlation
The correlation between MIVA.DE and MVEE.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.95 |
The correlation between MIVA.DE and MVEE.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
MIVA.DE vs. MVEE.DE — Risk / Return Rank
MIVA.DE
MVEE.DE
MIVA.DE vs. MVEE.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 ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.10 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.71 | +0.05 |
| Martin ratioReturn relative to average drawdown | 1.96 | 1.87 | +0.09 |
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 | MVEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.55 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.50 | +0.15 |
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 | 0.71 | -0.19 |
Drawdowns
MIVA.DE vs. MVEE.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, which is greater than MVEE.DE's maximum drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and MVEE.DE.
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Drawdown Indicators
| MIVA.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -20.20% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -7.73% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -12.13% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -20.20% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -3.21% | -2.23% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -4.57% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.92% | -0.25% |
Volatility
MIVA.DE vs. MVEE.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 3.14%, while iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) has a volatility of 3.51%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.51% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 8.16% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 10.01% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 12.11% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.34% | 12.45% | -0.11% |
MIVA.DE vs. MVEE.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is lower than MVEE.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. MVEE.DE - Dividend Comparison
Neither MIVA.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, MIVA.DE and MVEE.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 MVEE.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for MIVA.DE and 0.25% for MVEE.DE.
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