MIVA.DE vs. XESD.DE
MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - MIVA.DE tracks the MSCI Europe Minimum Volatility while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, MIVA.DE returned 7.30%/yr vs 13.66%/yr for XESD.DE. A 0.69 correlation means they provide meaningful diversification when combined. MIVA.DE charges 0.23%/yr vs 0.30%/yr for XESD.DE.
Performance
MIVA.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVA.DE achieves a 7.08% return, which is significantly lower than XESD.DE's 14.19% return. Over the past 10 years, MIVA.DE has underperformed XESD.DE with an annualized return of 7.30%, while XESD.DE has yielded a comparatively higher 13.66% annualized return.
MIVA.DE
- 1D
- -0.16%
- 1M
- 0.73%
- YTD
- 7.08%
- 6M
- 7.57%
- 1Y
- 10.34%
- 3Y*
- 11.51%
- 5Y*
- 6.99%
- 10Y*
- 7.30%
XESD.DE
- 1D
- -0.44%
- 1M
- 5.86%
- YTD
- 14.19%
- 6M
- 15.25%
- 1Y
- 46.96%
- 3Y*
- 31.59%
- 5Y*
- 20.24%
- 10Y*
- 13.66%
MIVA.DE vs. XESD.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) | 7.08% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.19% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between MIVA.DE and XESD.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2014 | 0.69 |
The correlation between MIVA.DE and XESD.DE shifts across timeframes, from 0.53 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MIVA.DE vs. XESD.DE — Risk / Return Rank
MIVA.DE
XESD.DE
MIVA.DE vs. XESD.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 Xtrackers Spanish Equity UCITS ETF (XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 4.55 | -3.06 |
| Martin ratioReturn relative to average drawdown | 4.46 | 16.04 | -11.58 |
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Drawdowns
MIVA.DE vs. XESD.DE - Drawdown Comparison
The maximum MIVA.DE drawdown since its inception was -30.57%, smaller than the maximum XESD.DE drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for MIVA.DE and XESD.DE.
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Drawdown Indicators
| MIVA.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -38.76% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -10.28% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -12.49% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -18.55% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | -38.76% | +8.19% |
Current DrawdownCurrent decline from peak | -1.58% | -0.62% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -8.46% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.92% | -0.61% |
Volatility
MIVA.DE vs. XESD.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) is 1.76%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.04%. This indicates that MIVA.DE experiences smaller price fluctuations and is considered to be less risky than XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 4.04% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 14.42% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 16.97% | -8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 16.76% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.09% | 18.49% | -6.40% |
MIVA.DE vs. XESD.DE - Expense Ratio Comparison
MIVA.DE has a 0.23% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
MIVA.DE vs. XESD.DE - Dividend Comparison
MIVA.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.35% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
MIVA.DE and XESD.DE have a correlation of 0.53, 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 0.30% for XESD.DE.
MIVA.DE tracks MSCI Europe Minimum Volatility, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.23% for MIVA.DE and 0.30% for XESD.DE.
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