MODR.DE vs. MACV.DE
MODR.DE (iShares Moderate Portfolio UCITS ETF EUR (Acc)) and MACV.DE (iShares Conservative Portfolio UCITS ETF EUR (Acc)) are both Global Allocation funds from iShares. Both are actively managed. Over the past 5 years, MODR.DE returned 3.93%/yr vs 0.68%/yr for MACV.DE. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MODR.DE vs. MACV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MODR.DE achieves a 6.71% return, which is significantly higher than MACV.DE's 3.65% return.
MODR.DE
- 1D
- 0.15%
- 1M
- 0.29%
- 6M
- 6.54%
- YTD
- 6.71%
- 1Y
- 12.69%
- 3Y*
- 9.29%
- 5Y*
- 3.93%
- 10Y*
- —
MACV.DE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 3.65%
- YTD
- 3.65%
- 1Y
- 6.72%
- 3Y*
- 5.11%
- 5Y*
- 0.68%
- 10Y*
- —
MODR.DE vs. MACV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MODR.DE iShares Moderate Portfolio UCITS ETF EUR (Acc) | 6.71% | 7.37% | 9.34% | 8.76% | -15.49% | 11.65% | 5.35% |
MACV.DE iShares Conservative Portfolio UCITS ETF EUR (Acc) | 3.65% | 4.83% | 3.33% | 5.02% | -13.58% | 3.11% | 2.65% |
Correlation
The correlation between MODR.DE and MACV.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.64 |
The correlation between MODR.DE and MACV.DE shifts across timeframes, from 0.60 (3 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MODR.DE vs. MACV.DE — Risk / Return Rank
MODR.DE
MACV.DE
MODR.DE vs. MACV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.DE) and iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.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.
| MODR.DE | MACV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.69 | +0.75 |
| Martin ratioReturn relative to average drawdown | 10.15 | 7.43 | +2.71 |
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Drawdowns
MODR.DE vs. MACV.DE - Drawdown Comparison
The maximum MODR.DE drawdown since its inception was -17.98%, which is greater than MACV.DE's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for MODR.DE and MACV.DE.
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Drawdown Indicators
| MODR.DE | MACV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -15.57% | -2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -3.95% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -3.95% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -15.57% | -2.41% |
Current DrawdownCurrent decline from peak | -0.44% | -0.37% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -6.32% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.90% | +0.35% |
Volatility
MODR.DE vs. MACV.DE - Volatility Comparison
iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.DE) has a higher volatility of 2.20% compared to iShares Conservative Portfolio UCITS ETF EUR (Acc) (MACV.DE) at 1.73%. This indicates that MODR.DE's price experiences larger fluctuations and is considered to be riskier than MACV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MODR.DE | MACV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.73% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 4.63% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 5.26% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.16% | 5.25% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 5.23% | +3.04% |
MODR.DE vs. MACV.DE - Expense Ratio Comparison
Both MODR.DE and MACV.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MODR.DE vs. MACV.DE - Dividend Comparison
Neither MODR.DE nor MACV.DE has paid dividends to shareholders.
Frequently Asked Questions
MODR.DE and MACV.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MODR.DE and MACV.DE have the same expense ratio: 0.25% per year.
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