MVEA.L vs. VPN.L
MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and VPN.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - MVEA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VPN.L is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure v2 Index. Both are passively managed. Over the past 3 years, MVEA.L returned 7.40%/yr vs 25.54%/yr for VPN.L. At a 0.42 correlation, their price movements are largely independent. MVEA.L charges 0.20%/yr vs 0.50%/yr for VPN.L.
Performance
MVEA.L vs. VPN.L - Performance Comparison
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Different Trading Currencies
MVEA.L is traded in GBP, while VPN.L is traded in USD. To make them comparable, the VPN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, MVEA.L achieves a 2.53% return, which is significantly lower than VPN.L's 29.99% return.
MVEA.L
- 1D
- 0.62%
- 1M
- 1.09%
- 6M
- 2.05%
- YTD
- 2.53%
- 1Y
- 3.85%
- 3Y*
- 7.40%
- 5Y*
- 5.86%
- 10Y*
- —
VPN.L
- 1D
- -1.18%
- 1M
- -14.45%
- 6M
- 15.51%
- YTD
- 29.99%
- 1Y
- 43.93%
- 3Y*
- 25.54%
- 5Y*
- —
- 10Y*
- —
MVEA.L vs. VPN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.53% | -2.77% | 15.04% | 6.33% | -1.36% | 3.10% |
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.99% | 20.10% | 15.53% | 11.80% | -22.12% | 1.39% |
Correlation
The correlation between MVEA.L and VPN.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.42 |
Over the past year, the correlation between MVEA.L and VPN.L has dropped to 0.09 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
MVEA.L vs. VPN.L — Risk / Return Rank
MVEA.L
VPN.L
MVEA.L vs. VPN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) and Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L). 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.
| MVEA.L | VPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.68 | -1.97 |
| Martin ratioReturn relative to average drawdown | 1.77 | 8.56 | -6.79 |
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Drawdowns
MVEA.L vs. VPN.L - Drawdown Comparison
The maximum MVEA.L drawdown since its inception was -14.33%, smaller than the maximum VPN.L drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for MVEA.L and VPN.L.
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Drawdown Indicators
| MVEA.L | VPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -26.92% | +12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -16.33% | +10.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -26.71% | +12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | — | — |
Current DrawdownCurrent decline from peak | -6.22% | -16.33% | +10.11% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -11.30% | +6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 5.12% | -2.95% |
Volatility
MVEA.L vs. VPN.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) is 2.80%, while Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a volatility of 7.44%. This indicates that MVEA.L experiences smaller price fluctuations and is considered to be less risky than VPN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVEA.L | VPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 7.44% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 16.91% | -10.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 23.19% | -14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 21.36% | -9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 21.36% | -9.47% |
MVEA.L vs. VPN.L - Expense Ratio Comparison
MVEA.L has a 0.20% expense ratio, which is lower than VPN.L's 0.50% expense ratio.
Dividends
MVEA.L vs. VPN.L - Dividend Comparison
Neither MVEA.L nor VPN.L has paid dividends to shareholders.
Frequently Asked Questions
MVEA.L and VPN.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for VPN.L.
MVEA.L is categorized as Large Cap Blend Equities, while VPN.L is REIT. MVEA.L tracks Russell 1000 TR USD, while VPN.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for MVEA.L and 0.50% for VPN.L.
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