MVEE.DE vs. EL4C.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and EL4C.DE (Deka STOXX Europe Strong Growth 20 UCITS ETF) are both Europe Equities funds - MVEE.DE tracks the MSCI Europe NR EUR while EL4C.DE tracks the STOXX® Europe Strong Growth 20. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.16%/yr vs -2.09%/yr for EL4C.DE. A 0.69 correlation means they provide meaningful diversification when combined. MVEE.DE charges 0.25%/yr vs 0.65%/yr for EL4C.DE.
Performance
MVEE.DE vs. EL4C.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 lower than EL4C.DE's 12.27% 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*
- —
EL4C.DE
- 1D
- 0.62%
- 1M
- -1.94%
- YTD
- 12.27%
- 6M
- 13.80%
- 1Y
- 4.48%
- 3Y*
- 1.76%
- 5Y*
- -2.09%
- 10Y*
- 7.35%
MVEE.DE vs. EL4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 12.27% | -3.34% | -6.07% | 15.53% | -35.98% | 26.15% | 37.34% |
Correlation
The correlation between MVEE.DE and EL4C.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 | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.69 |
The correlation between MVEE.DE and EL4C.DE shifts across timeframes, from 0.57 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MVEE.DE vs. EL4C.DE — Risk / Return Rank
MVEE.DE
EL4C.DE
MVEE.DE vs. EL4C.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 Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.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 | EL4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.06 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.33 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.87 | 0.70 | +1.17 |
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 | EL4C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.23 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | -0.09 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.36 | +0.35 |
Drawdowns
MVEE.DE vs. EL4C.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum EL4C.DE drawdown of -50.13%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and EL4C.DE.
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Drawdown Indicators
| MVEE.DE | EL4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -50.13% | +29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -15.20% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -28.07% | +15.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -44.48% | +24.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.48% | — |
Current DrawdownCurrent decline from peak | -2.23% | -26.07% | +23.84% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -16.08% | +11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 7.19% | -4.27% |
Volatility
MVEE.DE vs. EL4C.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 3.51%, while Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) has a volatility of 7.32%. This indicates that MVEE.DE experiences smaller price fluctuations and is considered to be less risky than EL4C.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 | EL4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 7.32% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 17.65% | -9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 21.87% | -11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 22.58% | -10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 21.55% | -9.10% |
MVEE.DE vs. EL4C.DE - Expense Ratio Comparison
MVEE.DE has a 0.25% expense ratio, which is lower than EL4C.DE's 0.65% expense ratio.
Dividends
MVEE.DE vs. EL4C.DE - Dividend Comparison
MVEE.DE has not paid dividends to shareholders, while EL4C.DE's dividend yield for the trailing twelve months is around 0.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF | 0.79% | 0.79% | 0.67% | 0.42% | 4.57% | 0.00% | 0.00% | 0.00% | 0.21% | 0.16% | 0.24% | 0.17% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVEE.DE and EL4C.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.
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 0.65% for EL4C.DE.
MVEE.DE tracks MSCI Europe NR EUR, while EL4C.DE tracks STOXX® Europe Strong Growth 20. They also come from different issuers: iShares and Deka. Their fees differ too: 0.25% for MVEE.DE and 0.65% for EL4C.DE.
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