MUV2.DE vs. EXH5.DE
MUV2.DE (Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München) is a stock, while EXH5.DE (iShares STOXX Europe 600 Insurance UCITS ETF (DE)) is Financials Equities fund tracking the STOXX® Europe 600 Insurance. Over the past 10 years, MUV2.DE returned 15.26%/yr vs 11.04%/yr for EXH5.DE. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
MUV2.DE vs. EXH5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MUV2.DE achieves a -17.78% return, which is significantly lower than EXH5.DE's -2.53% return. Over the past 10 years, MUV2.DE has outperformed EXH5.DE with an annualized return of 15.26%, while EXH5.DE has yielded a comparatively lower 11.04% annualized return.
MUV2.DE
- 1D
- 0.50%
- 1M
- -15.74%
- YTD
- -17.78%
- 6M
- -13.04%
- 1Y
- -19.75%
- 3Y*
- 13.55%
- 5Y*
- 17.74%
- 10Y*
- 15.26%
EXH5.DE
- 1D
- 0.28%
- 1M
- -3.87%
- YTD
- -2.53%
- 6M
- 3.06%
- 1Y
- 2.56%
- 3Y*
- 18.16%
- 5Y*
- 13.96%
- 10Y*
- 11.04%
MUV2.DE vs. EXH5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | -17.78% | 19.39% | 34.63% | 27.77% | 22.28% | 11.54% | -3.39% | 43.99% | 10.22% | 5.40% |
EXH5.DE iShares STOXX Europe 600 Insurance UCITS ETF (DE) | -2.53% | 29.72% | 22.68% | 12.56% | 3.63% | 19.44% | -10.66% | 30.48% | -7.15% | 11.47% |
Correlation
The correlation between MUV2.DE and EXH5.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2002 | 0.70 |
The correlation between MUV2.DE and EXH5.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
MUV2.DE vs. EXH5.DE — Risk / Return Rank
MUV2.DE
EXH5.DE
MUV2.DE vs. EXH5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE) and iShares STOXX Europe 600 Insurance UCITS ETF (DE) (EXH5.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.
| MUV2.DE | EXH5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.04 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.38 | -1.19 |
| Martin ratioReturn relative to average drawdown | -1.76 | 0.78 | -2.54 |
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
| MUV2.DE | EXH5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 0.19 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.83 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.55 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.31 | -0.01 |
Drawdowns
MUV2.DE vs. EXH5.DE - Drawdown Comparison
The maximum MUV2.DE drawdown since its inception was -86.40%, which is greater than EXH5.DE's maximum drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for MUV2.DE and EXH5.DE.
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Drawdown Indicators
| MUV2.DE | EXH5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.40% | -73.44% | -12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -24.32% | -7.40% | -16.92% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -12.31% | -12.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -18.63% | -6.73% |
Max Drawdown (10Y)Largest decline over 10 years | -48.43% | -46.55% | -1.88% |
Current DrawdownCurrent decline from peak | -23.94% | -5.47% | -18.47% |
Average DrawdownAverage peak-to-trough decline | -30.62% | -15.47% | -15.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 3.57% | +7.75% |
Volatility
MUV2.DE vs. EXH5.DE - Volatility Comparison
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE) has a higher volatility of 8.26% compared to iShares STOXX Europe 600 Insurance UCITS ETF (DE) (EXH5.DE) at 4.83%. This indicates that MUV2.DE's price experiences larger fluctuations and is considered to be riskier than EXH5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUV2.DE | EXH5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 4.83% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | 11.66% | +4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 15.13% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 16.59% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 19.93% | +4.34% |
Dividends
MUV2.DE vs. EXH5.DE - Dividend Comparison
MUV2.DE's dividend yield for the trailing twelve months is around 5.44%, more than EXH5.DE's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXH5.DE iShares STOXX Europe 600 Insurance UCITS ETF (DE) | 3.48% | 3.39% | 3.59% | 3.79% | 4.51% | 3.56% | 2.52% | 3.84% | 4.03% | 4.87% | 4.34% | 3.67% |
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | 5.44% | 3.56% | 3.08% | 3.09% | 3.62% | 3.76% | 4.04% | 3.52% | 4.51% | 4.76% | 4.59% | 4.20% |
Frequently Asked Questions
MUV2.DE and EXH5.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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