MIVU.DE vs. VOO

Last updated Jun 16, 2026

MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.00%/yr vs 14.36%/yr for VOO. At a 0.45 correlation, their price movements are largely independent. MIVU.DE charges 0.18%/yr vs 0.03%/yr for VOO.

Performance

MIVU.DE vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MIVU.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MIVU.DE achieves a 3.30% return, which is significantly lower than VOO's 10.76% 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*: —

VOO

• 1D: 0.00%
• 1M: 0.88%
• YTD: 10.76%
• 6M: 11.35%
• 1Y: 25.57%
• 3Y*: 18.32%
• 5Y*: 14.36%
• 10Y*: 15.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIVU.DE vs. VOO - 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%
VOO Vanguard S&P 500 ETF	12.45%	3.84%	33.23%	22.54%	-13.10%	38.43%	8.57%	34.33%	-11.36%

Correlation

The correlation between MIVU.DE and VOO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018	0.45

Over the past year, the correlation between MIVU.DE and VOO has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

MIVU.DE vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIVU.DE

MIVU.DE Risk / Return Rank: 18
MIVU.DE Sharpe Ratio Rank: 17
MIVU.DE Sortino Ratio Rank: 15
MIVU.DE Omega Ratio Rank: 15
MIVU.DE Calmar Ratio Rank: 21
MIVU.DE Martin Ratio Rank: 20

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 80
VOO Sortino Ratio Rank: 78
VOO Omega Ratio Rank: 79
VOO Calmar Ratio Rank: 69
VOO Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIVU.DE vs. VOO - 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 S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.49	2.08	-1.59
Sortino ratio: Return per unit of downside risk	0.75	2.67	-1.92
Omega ratio: Gain probability vs. loss probability	1.09	1.39	-0.30
Calmar ratio: Return relative to maximum drawdown	0.91	3.48	-2.57
Martin ratio: Return relative to average drawdown	2.24	13.07	-10.83

MIVU.DE vs. VOO - Sharpe Ratio Comparison

The current MIVU.DE Sharpe Ratio is 0.49, which is lower than the VOO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of MIVU.DE and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MIVU.DE vs. VOO - Drawdown Comparison

The maximum MIVU.DE drawdown since its inception was -32.68%, roughly equal to the maximum VOO drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for MIVU.DE and VOO.

Drawdown Indicators

	MIVU.DE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-32.68%	-33.49%	+0.81%
Max Drawdown (1Y) Largest decline over 1 year	-4.83%	-7.37%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.89%	-23.87%	+8.98%
Max Drawdown (5Y) Largest decline over 5 years	-14.89%	-23.87%	+8.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.49%	—
Current Drawdown Current decline from peak	-6.30%	-1.81%	-4.49%
Average Drawdown Average peak-to-trough decline	-6.16%	-4.03%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.96%	+0.01%

Volatility

MIVU.DE vs. VOO - Volatility Comparison

The current volatility for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) is 2.63%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.36%. This indicates that MIVU.DE experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIVU.DE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	3.36%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	6.10%	9.01%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	12.37%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	16.74%	-4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	18.55%	-4.60%

MIVU.DE vs. VOO - Expense Ratio Comparison

MIVU.DE has a 0.18% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MIVU.DE vs. VOO - Dividend Comparison

MIVU.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both MIVU.DE and VOO in my portfolio?

MIVU.DE and VOO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MIVU.DE or VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIVU.DE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.18% for MIVU.DE.

What is the main difference between MIVU.DE and VOO?

MIVU.DE is categorized as Large Cap Blend Equities, while VOO is S&P 500. MIVU.DE tracks MSCI USA Minimum Volatility, while VOO tracks S&P 500 Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.18% for MIVU.DE and 0.03% for VOO.