MIVU.DE vs. IBCY.DE
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - MIVU.DE tracks the MSCI USA Minimum Volatility while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.13%/yr vs 10.27%/yr for IBCY.DE. A 0.77 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.35%/yr for IBCY.DE.
Performance
MIVU.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.60%
- YTD
- 2.88%
- 6M
- 2.79%
- 1Y
- 3.11%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
MIVU.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -14.96% |
Correlation
The correlation between MIVU.DE and IBCY.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2018 | 0.77 |
Over the past year, the correlation between MIVU.DE and IBCY.DE has dropped to 0.30 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. IBCY.DE — Risk / Return Rank
MIVU.DE
IBCY.DE
MIVU.DE vs. IBCY.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 iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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 | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.56 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 4.08 | -3.56 |
| Martin ratioReturn relative to average drawdown | 1.15 | 19.99 | -18.83 |
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 | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.70 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.63 | -0.04 |
Drawdowns
MIVU.DE vs. IBCY.DE - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.69%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and IBCY.DE.
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Drawdown Indicators
| MIVU.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -35.54% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -3.26% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -22.91% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -22.91% | +8.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -6.68% | 0.00% | -6.68% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.95% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 0.67% | +1.53% |
Volatility
MIVU.DE vs. IBCY.DE - Volatility Comparison
Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) has a higher volatility of 2.83% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that MIVU.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.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 | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 0.00% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 0.00% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 7.99% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 14.77% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 16.12% | -2.15% |
MIVU.DE vs. IBCY.DE - Expense Ratio Comparison
MIVU.DE has a 0.18% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
MIVU.DE vs. IBCY.DE - Dividend Comparison
Neither MIVU.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVU.DE and IBCY.DE have a correlation of 0.30, 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 0.35% for IBCY.DE.
MIVU.DE tracks MSCI USA Minimum Volatility, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for MIVU.DE and 0.35% for IBCY.DE.
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