MVEE.DE vs. ED3F.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - MVEE.DE is a Europe Equities fund tracking the MSCI Europe NR EUR, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, MVEE.DE returned 5.59% vs -4.47% for ED3F.DE. At a 0.24 correlation, their price movements are largely independent. MVEE.DE charges 0.25%/yr vs 0.40%/yr for ED3F.DE.
Performance
MVEE.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 5.59% return, which is significantly higher than ED3F.DE's 0.02% return.
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVEE.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | -0.64% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between MVEE.DE and ED3F.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.24 |
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Return for Risk
MVEE.DE vs. ED3F.DE — Risk / Return Rank
MVEE.DE
ED3F.DE
MVEE.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| MVEE.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.08 | +0.78 |
| Martin ratioReturn relative to average drawdown | 1.87 | -0.18 | +2.05 |
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
| MVEE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | -0.06 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.15 | +0.56 |
Drawdowns
MVEE.DE vs. ED3F.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and ED3F.DE.
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Drawdown Indicators
| MVEE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -23.91% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -23.91% | +16.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -20.80% | +18.57% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -8.37% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 10.25% | -7.33% |
Volatility
MVEE.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 3.51%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that MVEE.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 10.58% | -7.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 22.80% | -14.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 30.60% | -20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 30.42% | -18.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 30.42% | -17.97% |
MVEE.DE vs. ED3F.DE - Expense Ratio Comparison
MVEE.DE has a 0.25% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
MVEE.DE vs. ED3F.DE - Dividend Comparison
Neither MVEE.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and ED3F.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
MVEE.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. MVEE.DE tracks MSCI Europe NR EUR, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.25% for MVEE.DE and 0.40% for ED3F.DE.
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