MIVA.DE vs. PRAE.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds from Amundi - MIVA.DE tracks the MSCI Europe Minimum Volatility while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, MIVA.DE returned 7.20%/yr vs 10.04%/yr for PRAE.DE. A 0.75 correlation means they provide meaningful diversification when combined. MIVA.DE charges 0.23%/yr vs 0.05%/yr for PRAE.DE.
Performance
MIVA.DE vs. PRAE.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 PRAE.DE's 7.71% 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%
PRAE.DE
- 1D
- 0.23%
- 1M
- 0.88%
- YTD
- 7.71%
- 6M
- 9.87%
- 1Y
- 16.29%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
MIVA.DE vs. PRAE.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% | -6.48% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | -9.25% | 25.29% | -4.31% |
Correlation
The correlation between MIVA.DE and PRAE.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.75 |
The correlation between MIVA.DE and PRAE.DE has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
MIVA.DE vs. PRAE.DE — Risk / Return Rank
MIVA.DE
PRAE.DE
MIVA.DE vs. PRAE.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 Amundi Prime Europe UCITS ETF (PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.75 | -1.00 |
| Martin ratioReturn relative to average drawdown | 1.96 | 6.64 | -4.68 |
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 | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.29 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.04 |
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 | 0.54 | -0.02 |
Drawdowns
MIVA.DE vs. PRAE.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, smaller than the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and PRAE.DE.
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Drawdown Indicators
| MIVA.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -32.86% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -9.54% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -16.94% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -19.60% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -3.21% | -1.63% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -5.27% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.52% | +0.15% |
Volatility
MIVA.DE vs. PRAE.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 3.14%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 4.39%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 4.39% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 10.66% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 12.97% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 14.42% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.34% | 17.22% | -4.88% |
MIVA.DE vs. PRAE.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is higher than PRAE.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. PRAE.DE - Dividend Comparison
Neither MIVA.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVA.DE and PRAE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.23% for MIVA.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. Their fees differ too: 0.23% for MIVA.DE and 0.05% for PRAE.DE.
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