MVEE.DE vs. EXSA.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) are both Europe Equities funds from iShares - MVEE.DE tracks the MSCI Europe NR EUR while EXSA.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.17%/yr vs 9.94%/yr for EXSA.DE. Their correlation of 0.88 suggests significant overlap in exposure. MVEE.DE charges 0.25%/yr vs 0.20%/yr for EXSA.DE.
Performance
MVEE.DE vs. EXSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 8.14% return, which is significantly lower than EXSA.DE's 10.34% return.
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
EXSA.DE
- 1D
- 0.77%
- 1M
- 2.12%
- YTD
- 10.34%
- 6M
- 11.08%
- 1Y
- 22.39%
- 3Y*
- 15.45%
- 5Y*
- 9.94%
- 10Y*
- 10.56%
MVEE.DE vs. EXSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 10.34% | 20.48% | 8.50% | 15.48% | -10.35% | 24.57% | 25.33% |
Correlation
The correlation between MVEE.DE and EXSA.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.88 |
Over the past year, the correlation between MVEE.DE and EXSA.DE has dropped to 0.66 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
MVEE.DE vs. EXSA.DE — Risk / Return Rank
MVEE.DE
EXSA.DE
MVEE.DE vs. EXSA.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 iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.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 | EXSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.31 | -0.74 |
| Martin ratioReturn relative to average drawdown | 5.45 | 8.89 | -3.44 |
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Drawdowns
MVEE.DE vs. EXSA.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.19%, smaller than the maximum EXSA.DE drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and EXSA.DE.
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Drawdown Indicators
| MVEE.DE | EXSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -58.34% | +38.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -9.64% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -16.33% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -20.69% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -11.46% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.51% | -0.36% |
Volatility
MVEE.DE vs. EXSA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 2.19%, while iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) has a volatility of 2.89%. This indicates that MVEE.DE experiences smaller price fluctuations and is considered to be less risky than EXSA.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 | EXSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.89% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 10.84% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 13.00% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 14.43% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.47% | 15.48% | -3.01% |
MVEE.DE vs. EXSA.DE - Expense Ratio Comparison
MVEE.DE has a 0.25% expense ratio, which is higher than EXSA.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MVEE.DE vs. EXSA.DE - Dividend Comparison
MVEE.DE has not paid dividends to shareholders, while EXSA.DE's dividend yield for the trailing twelve months is around 2.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.48% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
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 EXSA.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for MVEE.DE.
MVEE.DE tracks MSCI Europe NR EUR, while EXSA.DE tracks STOXX® Europe 600. Their fees differ too: 0.25% for MVEE.DE and 0.20% for EXSA.DE.
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