MIVA.DE vs. SC0D.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, MIVA.DE returned 6.83%/yr vs 10.85%/yr for SC0D.DE. Their correlation of 0.81 suggests significant overlap in exposure. MIVA.DE charges 0.23%/yr vs 0.05%/yr for SC0D.DE.
Performance
MIVA.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVA.DE achieves a 8.76% return, which is significantly lower than SC0D.DE's 9.71% return. Over the past 10 years, MIVA.DE has underperformed SC0D.DE with an annualized return of 6.83%, while SC0D.DE has yielded a comparatively higher 10.85% annualized return.
MIVA.DE
- 1D
- 0.56%
- 1M
- 2.22%
- 6M
- 6.71%
- YTD
- 8.76%
- 1Y
- 11.41%
- 3Y*
- 11.89%
- 5Y*
- 6.97%
- 10Y*
- 6.83%
SC0D.DE
- 1D
- -0.83%
- 1M
- -1.04%
- 6M
- 5.51%
- YTD
- 9.71%
- 1Y
- 18.75%
- 3Y*
- 15.56%
- 5Y*
- 12.12%
- 10Y*
- 10.85%
MIVA.DE vs. SC0D.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) | 8.76% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 9.71% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between MIVA.DE and SC0D.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2014 | 0.81 |
Over the past year, the correlation between MIVA.DE and SC0D.DE has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
MIVA.DE vs. SC0D.DE — Risk / Return Rank
MIVA.DE
SC0D.DE
MIVA.DE vs. SC0D.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 Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.71 | -0.07 |
| Martin ratioReturn relative to average drawdown | 4.93 | 6.00 | -1.07 |
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Drawdowns
MIVA.DE vs. SC0D.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and SC0D.DE.
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Drawdown Indicators
| MIVA.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -38.50% | +7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -10.93% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -16.54% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -23.38% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | -38.50% | +7.93% |
Current DrawdownCurrent decline from peak | -0.04% | -2.85% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -7.06% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.12% | -0.81% |
Volatility
MIVA.DE vs. SC0D.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 2.52%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.14%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 4.14% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 13.36% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.95% | 16.12% | -7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.95% | 17.55% | -6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.01% | 17.90% | -5.89% |
MIVA.DE vs. SC0D.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is higher than SC0D.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. SC0D.DE - Dividend Comparison
Neither MIVA.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVA.DE and SC0D.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.23% for MIVA.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.23% for MIVA.DE and 0.05% for SC0D.DE.
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