MVEE.DE vs. DX2X.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and DX2X.DE (Xtrackers Stoxx Europe 600 UCITS ETF (Acc)) are both Europe Equities funds - MVEE.DE tracks the MSCI Europe NR EUR while DX2X.DE tracks the STOXX Europe 600 Index. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.08%/yr vs 10.19%/yr for DX2X.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
MVEE.DE vs. DX2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 9.49% return, which is significantly lower than DX2X.DE's 10.65% return.
MVEE.DE
- 1D
- 0.11%
- 1M
- 2.19%
- 6M
- 8.03%
- YTD
- 9.49%
- 1Y
- 12.98%
- 3Y*
- 10.17%
- 5Y*
- 6.08%
- 10Y*
- —
DX2X.DE
- 1D
- 0.52%
- 1M
- 1.60%
- 6M
- 7.30%
- YTD
- 10.65%
- 1Y
- 21.08%
- 3Y*
- 14.91%
- 5Y*
- 10.19%
- 10Y*
- 9.61%
MVEE.DE vs. DX2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.49% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
DX2X.DE Xtrackers Stoxx Europe 600 UCITS ETF (Acc) | 10.65% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | 25.65% |
Correlation
The correlation between MVEE.DE and DX2X.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.86 |
Over the past year, the correlation between MVEE.DE and DX2X.DE has dropped to 0.57 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
MVEE.DE vs. DX2X.DE — Risk / Return Rank
MVEE.DE
DX2X.DE
MVEE.DE vs. DX2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) and Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.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.
| MVEE.DE | DX2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.14 | -0.39 |
| Martin ratioReturn relative to average drawdown | 6.08 | 8.62 | -2.54 |
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Drawdowns
MVEE.DE vs. DX2X.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.19%, smaller than the maximum DX2X.DE drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and DX2X.DE.
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Drawdown Indicators
| MVEE.DE | DX2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -36.05% | +15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -9.81% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -16.37% | +4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -20.84% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.43% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -5.23% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.44% | -0.31% |
Volatility
MVEE.DE vs. DX2X.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 2.78%, while Xtrackers Stoxx Europe 600 UCITS ETF (Acc) (DX2X.DE) has a volatility of 3.09%. This indicates that MVEE.DE experiences smaller price fluctuations and is considered to be less risky than DX2X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVEE.DE | DX2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.09% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 11.30% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 13.25% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 14.44% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 15.23% | -2.78% |
MVEE.DE vs. DX2X.DE - Expense Ratio Comparison
Both MVEE.DE and DX2X.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
MVEE.DE vs. DX2X.DE - Dividend Comparison
Neither MVEE.DE nor DX2X.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and DX2X.DE have a correlation of 0.57, 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.
MVEE.DE and DX2X.DE have the same expense ratio: 0.25% per year.
MVEE.DE tracks MSCI Europe NR EUR, while DX2X.DE tracks STOXX Europe 600 Index. They also come from different issuers: iShares and Xtrackers.
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