MVEU.L vs. XMEU.L

Last updated Jun 26, 2026

MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) and XMEU.L (Xtrackers MSCI Europe UCITS ETF 1C) are both Europe Equities funds tracking the MSCI Europe NR EUR, from iShares and Xtrackers respectively. Both are passively managed. Over the past 10 years, MVEU.L returned 7.69%/yr vs 10.50%/yr for XMEU.L. Their correlation of 0.82 suggests significant overlap in exposure. MVEU.L charges 0.25%/yr vs 0.12%/yr for XMEU.L.

Performance

MVEU.L vs. XMEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) and Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MVEU.L is traded in EUR, while XMEU.L is traded in GBp. To make them comparable, the XMEU.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVEU.L achieves a 7.70% return, which is significantly lower than XMEU.L's 10.80% return. Over the past 10 years, MVEU.L has underperformed XMEU.L with an annualized return of 7.69%, while XMEU.L has yielded a comparatively higher 10.50% annualized return.

MVEU.L

• 1D: 0.42%
• 1M: 0.63%
• YTD: 7.70%
• 6M: 8.02%
• 1Y: 10.85%
• 3Y*: 11.65%
• 5Y*: 7.18%
• 10Y*: 7.69%

XMEU.L

• 1D: 0.86%
• 1M: 2.29%
• YTD: 10.80%
• 6M: 11.03%
• 1Y: 22.43%
• 3Y*: 15.29%
• 5Y*: 10.23%
• 10Y*: 10.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MVEU.L vs. XMEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)	7.70%	11.66%	11.79%	10.66%	-12.67%	21.67%	-3.86%	22.42%	-3.82%	9.48%
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C	10.80%	19.25%	8.60%	15.66%	-8.46%	24.44%	-3.11%	27.05%	-10.56%	10.29%

Correlation

The correlation between MVEU.L and XMEU.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.82

The correlation between MVEU.L and XMEU.L shifts across timeframes, from 0.71 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

MVEU.L vs. XMEU.L - Sectors Allocation Comparison

Sectors	MVEU.L	XMEU.L
Financial Services	17.6%	23.5%
Industrials	15.6%	20.1%
Consumer Defensive	14.1%	7.8%
Healthcare	12.3%	13.2%
Utilities	10.1%	4.5%
Communication Services	9.0%	3.9%
Energy	6.9%	4.9%
Basic Materials	5.1%	5.1%
Consumer Cyclical	3.6%	6.7%
Technology	3.4%	9.6%
Real Estate	1.5%	0.8%

Return for Risk

MVEU.L vs. XMEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVEU.L

MVEU.L Risk / Return Rank: 35
MVEU.L Sharpe Ratio Rank: 38
MVEU.L Sortino Ratio Rank: 36
MVEU.L Omega Ratio Rank: 36
MVEU.L Calmar Ratio Rank: 33
MVEU.L Martin Ratio Rank: 34

XMEU.L

XMEU.L Risk / Return Rank: 63
XMEU.L Sharpe Ratio Rank: 70
XMEU.L Sortino Ratio Rank: 69
XMEU.L Omega Ratio Rank: 72
XMEU.L Calmar Ratio Rank: 52
XMEU.L Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVEU.L vs. XMEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) and Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L). 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.

	MVEU.L	XMEU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.81	-0.56
Sortino ratio: Return per unit of downside risk	1.76	2.58	-0.81
Omega ratio: Gain probability vs. loss probability	1.23	1.34	-0.11
Calmar ratio: Return relative to maximum drawdown	1.53	2.39	-0.85
Martin ratio: Return relative to average drawdown	4.75	9.20	-4.45

MVEU.L vs. XMEU.L - Sharpe Ratio Comparison

The current MVEU.L Sharpe Ratio is 1.25, which is lower than the XMEU.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of MVEU.L and XMEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MVEU.L vs. XMEU.L - Drawdown Comparison

The maximum MVEU.L drawdown since its inception was -30.56%, smaller than the maximum XMEU.L drawdown of -99.49%. Use the drawdown chart below to compare losses from any high point for MVEU.L and XMEU.L.

Drawdown Indicators

	MVEU.L	XMEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.56%	-99.49%	+68.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-9.36%	+2.32%
Max Drawdown (3Y) Largest decline over 3 years	-10.78%	-18.71%	+7.93%
Max Drawdown (5Y) Largest decline over 5 years	-19.51%	-25.52%	+6.01%
Max Drawdown (10Y) Largest decline over 10 years	-30.56%	-98.79%	+68.23%
Current Drawdown Current decline from peak	-1.37%	-0.12%	-1.25%
Average Drawdown Average peak-to-trough decline	-4.55%	-33.31%	+28.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.43%	-0.15%

Volatility

MVEU.L vs. XMEU.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) is 2.07%, while Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L) has a volatility of 2.84%. This indicates that MVEU.L experiences smaller price fluctuations and is considered to be less risky than XMEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVEU.L	XMEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.07%	2.84%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	6.99%	10.24%	-3.25%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	12.37%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	23.84%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.27%	2,438.43%	-2,426.16%

MVEU.L vs. XMEU.L - Expense Ratio Comparison

MVEU.L has a 0.25% expense ratio, which is higher than XMEU.L's 0.12% 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

MVEU.L vs. XMEU.L - Dividend Comparison

Neither MVEU.L nor XMEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MVEU.L and XMEU.L in my portfolio?

MVEU.L and XMEU.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVEU.L or XMEU.L?

On fees, XMEU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVEU.L or XMEU.L?

XMEU.L is cheaper with a 0.12% expense ratio, compared with 0.25% for MVEU.L.

What is the main difference between MVEU.L and XMEU.L?

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for MVEU.L and 0.12% for XMEU.L.