MIVU.DE vs. FUSR.DE
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and FUSR.DE (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) are both Large Cap Blend Equities funds - MIVU.DE tracks the MSCI USA Minimum Volatility while FUSR.DE tracks the Fidelity Sustainable Research Enhanced US Equity. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.13%/yr vs 14.75%/yr for FUSR.DE. A 0.72 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.30%/yr for FUSR.DE.
Performance
MIVU.DE vs. FUSR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVU.DE achieves a 2.88% return, which is significantly lower than FUSR.DE's 10.99% return.
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.04%
- YTD
- 2.88%
- 6M
- 3.17%
- 1Y
- 2.54%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
FUSR.DE
- 1D
- 0.07%
- 1M
- 4.38%
- YTD
- 10.99%
- 6M
- 10.70%
- 1Y
- 26.84%
- 3Y*
- 19.47%
- 5Y*
- 14.75%
- 10Y*
- —
MIVU.DE vs. FUSR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -0.52% |
FUSR.DE Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc | 10.99% | 5.18% | 33.40% | 24.94% | -16.94% | 38.09% | 12.94% |
Correlation
The correlation between MIVU.DE and FUSR.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.72 |
Over the past year, the correlation between MIVU.DE and FUSR.DE has dropped to 0.38 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. FUSR.DE — Risk / Return Rank
MIVU.DE
FUSR.DE
MIVU.DE vs. FUSR.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 Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSR.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.
| MIVU.DE | FUSR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.38 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 3.40 | -2.88 |
| Martin ratioReturn relative to average drawdown | 1.15 | 12.17 | -11.01 |
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
| MIVU.DE | FUSR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.11 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.92 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.03 | -0.43 |
Drawdowns
MIVU.DE vs. FUSR.DE - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.69%, which is greater than FUSR.DE's maximum drawdown of -24.29%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and FUSR.DE.
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Drawdown Indicators
| MIVU.DE | FUSR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -24.29% | -8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -7.85% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -24.29% | +9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -24.29% | +9.40% |
Current DrawdownCurrent decline from peak | -6.68% | -0.25% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.40% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.20% | 0.00% |
Volatility
MIVU.DE vs. FUSR.DE - Volatility Comparison
Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) has a higher volatility of 2.83% compared to Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSR.DE) at 2.62%. This indicates that MIVU.DE's price experiences larger fluctuations and is considered to be riskier than FUSR.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 | FUSR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.62% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 8.39% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 12.69% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 15.84% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 15.99% | -2.02% |
MIVU.DE vs. FUSR.DE - Expense Ratio Comparison
MIVU.DE has a 0.18% expense ratio, which is lower than FUSR.DE's 0.30% expense ratio.
Dividends
MIVU.DE vs. FUSR.DE - Dividend Comparison
Neither MIVU.DE nor FUSR.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVU.DE and FUSR.DE have a correlation of 0.38, 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 0.30% for FUSR.DE.
MIVU.DE tracks MSCI USA Minimum Volatility, while FUSR.DE tracks Fidelity Sustainable Research Enhanced US Equity. They also come from different issuers: Amundi and Fidelity. Their fees differ too: 0.18% for MIVU.DE and 0.30% for FUSR.DE.
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