MVEE.DE vs. FTGE.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - MVEE.DE tracks the MSCI Europe NR EUR while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.16%/yr vs 11.59%/yr for FTGE.DE. A 0.76 correlation means they provide meaningful diversification when combined. MVEE.DE charges 0.25%/yr vs 0.65%/yr for FTGE.DE.
Performance
MVEE.DE vs. FTGE.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 FTGE.DE's 13.73% 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*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
MVEE.DE vs. FTGE.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% | 12.57% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
Correlation
The correlation between MVEE.DE and FTGE.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.76 |
The correlation between MVEE.DE and FTGE.DE shifts across timeframes, from 0.64 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVEE.DE vs. FTGE.DE — Risk / Return Rank
MVEE.DE
FTGE.DE
MVEE.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.27 | -2.57 |
| Martin ratioReturn relative to average drawdown | 1.87 | 12.30 | -10.43 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.16 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.65 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.88 | -0.17 |
Drawdowns
MVEE.DE vs. FTGE.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum FTGE.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and FTGE.DE.
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Drawdown Indicators
| MVEE.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -26.63% | +6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -9.38% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -16.12% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -26.63% | +6.43% |
Current DrawdownCurrent decline from peak | -2.23% | 0.00% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -5.40% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.50% | +0.42% |
Volatility
MVEE.DE vs. FTGE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 3.51%, while First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) has a volatility of 3.83%. This indicates that MVEE.DE experiences smaller price fluctuations and is considered to be less risky than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.83% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 11.63% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 14.23% | -4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 17.58% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 18.41% | -5.96% |
MVEE.DE vs. FTGE.DE - Expense Ratio Comparison
MVEE.DE has a 0.25% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
MVEE.DE vs. FTGE.DE - Dividend Comparison
Neither MVEE.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and FTGE.DE have a correlation of 0.64, 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 FTGE.DE.
MVEE.DE tracks MSCI Europe NR EUR, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.25% for MVEE.DE and 0.65% for FTGE.DE.
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