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MIVO.L vs. L100.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MIVO.L vs. L100.L

Last updated Jun 5, 2026

MIVO.L (Amundi MSCI Europe Minimum Volatility UCITS) and L100.L (Lyxor FTSE 100 UCITS ETF - Acc) are both Europe Equities funds from Amundi - MIVO.L tracks the MSCI Europe NR EUR while L100.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, MIVO.L returned 7.53%/yr vs 9.00%/yr for L100.L. A 0.71 correlation means they provide meaningful diversification when combined. MIVO.L charges 0.13%/yr vs 0.14%/yr for L100.L.

Performance

MIVO.L vs. L100.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) and Lyxor FTSE 100 UCITS ETF - Acc (L100.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MIVO.L achieves a 4.24% return, which is significantly lower than L100.L's 6.14% return. Over the past 10 years, MIVO.L has underperformed L100.L with an annualized return of 7.53%, while L100.L has yielded a comparatively higher 9.00% annualized return.

MIVO.L

1D
0.44%
1M
0.62%
YTD
4.24%
6M
5.52%
1Y
7.85%
3Y*
10.28%
5Y*
7.34%
10Y*
7.53%

L100.L

1D
0.30%
1M
1.81%
YTD
6.14%
6M
8.45%
1Y
21.45%
3Y*
14.81%
5Y*
11.80%
10Y*
9.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIVO.L vs. L100.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MIVO.L
Amundi MSCI Europe Minimum Volatility UCITS		4.24%17.54%6.50%8.50%-7.95%13.43%1.38%16.36%-3.04%13.15%
L100.L
Lyxor FTSE 100 UCITS ETF - Acc		6.14%25.82%9.29%7.37%4.86%17.92%-11.79%17.40%-9.14%12.45%

Correlation

The correlation between MIVO.L and L100.L is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Dec 6, 2011

0.71

The correlation between MIVO.L and L100.L has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.

MIVO.L vs. L100.L - Sectors Allocation Comparison

Sectors
MIVO.L
L100.L

Financial Services

17.5%
24.5%

Industrials

15.5%
13.7%

Consumer Defensive

13.3%
13.9%

Healthcare

13.1%
13.6%

Utilities

10.5%
5.3%

Energy

9.9%
11.7%

Communication Services

9.5%
2.6%

Basic Materials

3.6%
8.5%

Consumer Cyclical

3.3%
4.7%

Technology

2.5%
0.8%

Real Estate

1.5%
0.9%

Financial Services

MIVO.L
17.5%
L100.L
24.5%

Industrials

MIVO.L
15.5%
L100.L
13.7%

Consumer Defensive

MIVO.L
13.3%
L100.L
13.9%

Healthcare

MIVO.L
13.1%
L100.L
13.6%

Utilities

MIVO.L
10.5%
L100.L
5.3%

Energy

MIVO.L
9.9%
L100.L
11.7%

Communication Services

MIVO.L
9.5%
L100.L
2.6%

Basic Materials

MIVO.L
3.6%
L100.L
8.5%

Consumer Cyclical

MIVO.L
3.3%
L100.L
4.7%

Technology

MIVO.L
2.5%
L100.L
0.8%

Real Estate

MIVO.L
1.5%
L100.L
0.9%

Compare stocks, funds, or ETFs

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Amundi MSCI Europe Minimum Volatility UCITS

Lyxor FTSE 100 UCITS ETF - Acc

Often compared with MIVO.L:
MIVO.L vs. IMV.LMIVO.L vs. MVED.LMIVO.L vs. EDIV.LMIVO.L vs. WDEP.LMIVO.L vs. PRUK.LMIVO.L vs. CSWG.LMIVO.L vs. HDEU.L
Often compared with L100.L:
L100.L vs. S250.LL100.L vs. SPYL100.L vs. VUKE.DEL100.L vs. HUKX.LL100.L vs. LCPE.LL100.L vs. ANXU.LL100.L vs. 500G.L

Return for Risk

MIVO.L vs. L100.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MIVO.L
MIVO.L Risk / Return Rank: 2323
Overall Rank
MIVO.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
MIVO.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
MIVO.L Omega Ratio Rank: 2525
Omega Ratio Rank
MIVO.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
MIVO.L Martin Ratio Rank: 2222
Martin Ratio Rank
L100.L
L100.L Risk / Return Rank: 5555
Overall Rank
L100.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
L100.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
L100.L Omega Ratio Rank: 6161
Omega Ratio Rank
L100.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
L100.L Martin Ratio Rank: 5050
Martin Ratio Rank
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.

MIVO.L vs. L100.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) and Lyxor FTSE 100 UCITS ETF - Acc (L100.L). 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.

MIVO.LL100.LDifference
Sharpe ratioReturn per unit of total volatility
0.88
1.95

-1.07

Sortino ratioReturn per unit of downside risk
1.22
2.72

-1.50

Omega ratioGain probability vs. loss probability

1.16

1.37

-0.20

Calmar ratioReturn relative to maximum drawdown

0.93

2.37

-1.44

Martin ratioReturn relative to average drawdown

2.76

8.20

-5.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIVO.L vs. L100.L - Sharpe Ratio Comparison

The current MIVO.L Sharpe Ratio is 0.88, which is lower than the L100.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of MIVO.L and L100.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MIVO.LL100.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

1.95

-1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.92

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.59

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.35

+0.39

Drawdowns

MIVO.L vs. L100.L - Drawdown Comparison

The maximum MIVO.L drawdown since its inception was -24.30%, smaller than the maximum L100.L drawdown of -44.41%. Use the drawdown chart below to compare losses from any high point for MIVO.L and L100.L.

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Drawdown Indicators

MIVO.LL100.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.30%

-44.41%

+20.11%

Max Drawdown (1Y)

Largest decline over 1 year

-8.38%

-9.00%

+0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-8.38%

-13.01%

+4.63%

Max Drawdown (5Y)

Largest decline over 5 years

-17.54%

-13.01%

-4.53%

Max Drawdown (10Y)

Largest decline over 10 years

-24.30%

-34.64%

+10.34%

Current Drawdown

Current decline from peak

-4.95%

-3.85%

-1.10%

Average Drawdown

Average peak-to-trough decline

-3.61%

-6.78%

+3.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.61%

+0.23%

Volatility

MIVO.L vs. L100.L - Volatility Comparison

The current volatility for Amundi MSCI Europe Minimum Volatility UCITS (MIVO.L) is 2.77%, while Lyxor FTSE 100 UCITS ETF - Acc (L100.L) has a volatility of 3.93%. This indicates that MIVO.L experiences smaller price fluctuations and is considered to be less risky than L100.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MIVO.LL100.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.77%

3.93%

-1.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.44%

9.53%

-2.09%

Volatility (1Y)

Calculated over the trailing 1-year period

8.91%

10.94%

-2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.94%

12.82%

-1.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.25%

15.12%

-2.87%

MIVO.L vs. L100.L - Expense Ratio Comparison

MIVO.L has a 0.13% expense ratio, which is lower than L100.L's 0.14% 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

MIVO.L vs. L100.L - Dividend Comparison

Neither MIVO.L nor L100.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

MIVO.L and L100.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MIVO.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MIVO.L is cheaper with a 0.13% expense ratio, compared with 0.14% for L100.L.

MIVO.L tracks MSCI Europe NR EUR, while L100.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.13% for MIVO.L and 0.14% for L100.L.

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