MIVU.DE vs. 5HED.DE
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and 5HED.DE (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) are both Large Cap Blend Equities funds - MIVU.DE tracks the MSCI USA Minimum Volatility while 5HED.DE tracks the Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. Both are passively managed. Over the past 5 years, MIVU.DE returned 7.77%/yr vs 3.65%/yr for 5HED.DE. A 0.73 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.75%/yr for 5HED.DE.
Performance
MIVU.DE vs. 5HED.DE - Performance Comparison
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Different Trading Currencies
MIVU.DE is traded in EUR, while 5HED.DE is traded in USD. To make them comparable, the 5HED.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with MIVU.DE having a 4.05% return and 5HED.DE slightly lower at 3.91%.
MIVU.DE
- 1D
- -0.41%
- 1M
- 0.89%
- YTD
- 4.05%
- 6M
- 4.75%
- 1Y
- 6.54%
- 3Y*
- 9.24%
- 5Y*
- 7.77%
- 10Y*
- —
5HED.DE
- 1D
- 0.57%
- 1M
- 4.85%
- YTD
- 3.91%
- 6M
- 4.77%
- 1Y
- 11.11%
- 3Y*
- 3.05%
- 5Y*
- 3.65%
- 10Y*
- —
MIVU.DE vs. 5HED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 4.05% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
5HED.DE Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | 3.91% | -7.59% | 10.48% | 12.57% | -11.75% | 32.56% | 12.72% | 34.00% | -9.93% |
Correlation
The correlation between MIVU.DE and 5HED.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.73 |
Over the past year, the correlation between MIVU.DE and 5HED.DE has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. 5HED.DE — Risk / Return Rank
MIVU.DE
5HED.DE
MIVU.DE vs. 5HED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) and Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.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.
| MIVU.DE | 5HED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.58 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.32 | 3.84 | -0.52 |
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Drawdowns
MIVU.DE vs. 5HED.DE - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.68%, roughly equal to the maximum 5HED.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and 5HED.DE.
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Drawdown Indicators
| MIVU.DE | 5HED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -32.31% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -6.99% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -21.72% | +6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -21.72% | +6.83% |
Current DrawdownCurrent decline from peak | -5.62% | -8.04% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -6.50% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.89% | -0.92% |
Volatility
MIVU.DE vs. 5HED.DE - Volatility Comparison
The current volatility for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) is 2.49%, while Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.DE) has a volatility of 3.99%. This indicates that MIVU.DE experiences smaller price fluctuations and is considered to be less risky than 5HED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIVU.DE | 5HED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 3.99% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 8.98% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.08% | 11.88% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 15.64% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 17.51% | -3.57% |
MIVU.DE vs. 5HED.DE - Expense Ratio Comparison
MIVU.DE has a 0.18% expense ratio, which is lower than 5HED.DE's 0.75% expense ratio.
Dividends
MIVU.DE vs. 5HED.DE - Dividend Comparison
Neither MIVU.DE nor 5HED.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVU.DE and 5HED.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.75% for 5HED.DE.
MIVU.DE tracks MSCI USA Minimum Volatility, while 5HED.DE tracks Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector. They also come from different issuers: Amundi and Natixis. Their fees differ too: 0.18% for MIVU.DE and 0.75% for 5HED.DE.
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