MIVU.DE vs. IS3S.DE
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility, while IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.00%/yr vs 17.56%/yr for IS3S.DE. A 0.58 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.30%/yr for IS3S.DE.
Performance
MIVU.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVU.DE achieves a 3.30% return, which is significantly lower than IS3S.DE's 36.34% return.
MIVU.DE
- 1D
- 0.49%
- 1M
- 1.92%
- YTD
- 3.30%
- 6M
- 4.32%
- 1Y
- 4.43%
- 3Y*
- 8.39%
- 5Y*
- 8.00%
- 10Y*
- —
IS3S.DE
- 1D
- 1.23%
- 1M
- 8.96%
- YTD
- 36.34%
- 6M
- 38.27%
- 1Y
- 65.13%
- 3Y*
- 26.01%
- 5Y*
- 17.56%
- 10Y*
- 13.06%
MIVU.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 3.30% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 36.34% | 25.13% | 11.36% | 15.62% | -4.81% | 30.35% | -12.53% | 22.01% | -11.79% |
Correlation
The correlation between MIVU.DE and IS3S.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.58 |
Over the past year, the correlation between MIVU.DE and IS3S.DE has dropped to 0.29 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. IS3S.DE — Risk / Return Rank
MIVU.DE
IS3S.DE
MIVU.DE vs. IS3S.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 World Value Factor UCITS ETF (IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -5.28 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.80 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 10.63 | -9.72 |
| Martin ratioReturn relative to average drawdown | 2.24 | 38.66 | -36.42 |
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Drawdowns
MIVU.DE vs. IS3S.DE - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.68%, smaller than the maximum IS3S.DE drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and IS3S.DE.
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Drawdown Indicators
| MIVU.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -35.19% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -6.09% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -17.78% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -17.78% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.19% | — |
Current DrawdownCurrent decline from peak | -6.30% | -0.04% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -6.95% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.68% | +0.29% |
Volatility
MIVU.DE vs. IS3S.DE - Volatility Comparison
The current volatility for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) is 2.63%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.47%. This indicates that MIVU.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 5.47% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 12.08% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.98% | 14.53% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 13.98% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 16.67% | -2.72% |
MIVU.DE vs. IS3S.DE - Expense Ratio Comparison
MIVU.DE has a 0.18% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
MIVU.DE vs. IS3S.DE - Dividend Comparison
Neither MIVU.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVU.DE and IS3S.DE have a correlation of 0.29, 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 IS3S.DE.
MIVU.DE is categorized as Large Cap Blend Equities, while IS3S.DE is Global Equities. MIVU.DE tracks MSCI USA Minimum Volatility, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for MIVU.DE and 0.30% for IS3S.DE.
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