MIVU.DE vs. VGWD.DE
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility, while VGWD.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.00%/yr vs 11.77%/yr for VGWD.DE. A 0.69 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.29%/yr for VGWD.DE.
Performance
MIVU.DE vs. VGWD.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 VGWD.DE's 14.09% 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*
- —
VGWD.DE
- 1D
- 0.09%
- 1M
- 3.91%
- YTD
- 14.09%
- 6M
- 15.22%
- 1Y
- 27.30%
- 3Y*
- 15.91%
- 5Y*
- 11.77%
- 10Y*
- —
MIVU.DE vs. VGWD.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% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 14.09% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -9.26% |
Correlation
The correlation between MIVU.DE and VGWD.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.69 |
Over the past year, the correlation between MIVU.DE and VGWD.DE has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. VGWD.DE — Risk / Return Rank
MIVU.DE
VGWD.DE
MIVU.DE vs. VGWD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.54 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 4.67 | -3.76 |
| Martin ratioReturn relative to average drawdown | 2.24 | 18.26 | -16.02 |
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Drawdowns
MIVU.DE vs. VGWD.DE - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.68%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and VGWD.DE.
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Drawdown Indicators
| MIVU.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -34.57% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -5.82% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -16.86% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -16.86% | +1.97% |
Current DrawdownCurrent decline from peak | -6.30% | 0.00% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.04% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.49% | +0.48% |
Volatility
MIVU.DE vs. VGWD.DE - Volatility Comparison
Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) has a higher volatility of 2.63% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.35%. This indicates that MIVU.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.35% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 7.20% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.98% | 9.39% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 11.55% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 14.22% | -0.27% |
MIVU.DE vs. VGWD.DE - Expense Ratio Comparison
MIVU.DE has a 0.18% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.
Dividends
MIVU.DE vs. VGWD.DE - Dividend Comparison
MIVU.DE has not paid dividends to shareholders, while VGWD.DE's dividend yield for the trailing twelve months is around 2.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.45% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
MIVU.DE and VGWD.DE have a correlation of 0.46, 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 0.29% for VGWD.DE.
MIVU.DE is categorized as Large Cap Blend Equities, while VGWD.DE is Dividend. MIVU.DE tracks MSCI USA Minimum Volatility, while VGWD.DE tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.18% for MIVU.DE and 0.29% for VGWD.DE.
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