MVEW.DE vs. AMEC.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - MVEW.DE tracks the MSCI ACWI NR USD while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, MVEW.DE returned 6.47%/yr vs 6.68%/yr for AMEC.DE. A 0.54 correlation means they provide meaningful diversification when combined. MVEW.DE charges 0.30%/yr vs 0.35%/yr for AMEC.DE.
Performance
MVEW.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEW.DE achieves a 1.17% return, which is significantly lower than AMEC.DE's 30.58% return.
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
MVEW.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 28.67% |
Correlation
The correlation between MVEW.DE and AMEC.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.54 |
Over the past year, the correlation between MVEW.DE and AMEC.DE has dropped to 0.28 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
MVEW.DE vs. AMEC.DE — Risk / Return Rank
MVEW.DE
AMEC.DE
MVEW.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| MVEW.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.45 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 5.09 | -4.99 |
| Martin ratioReturn relative to average drawdown | 0.20 | 16.11 | -15.91 |
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
| MVEW.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.65 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.38 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.44 | +0.20 |
Drawdowns
MVEW.DE vs. AMEC.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.19%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and AMEC.DE.
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Drawdown Indicators
| MVEW.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -35.49% | +22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -9.02% | +4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -24.98% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -27.33% | +14.14% |
Current DrawdownCurrent decline from peak | -5.75% | -1.34% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -11.50% | +7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.86% | -0.59% |
Volatility
MVEW.DE vs. AMEC.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) is 2.58%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that MVEW.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVEW.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 6.73% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 13.09% | -7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 17.36% | -9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 17.51% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 19.22% | -8.40% |
MVEW.DE vs. AMEC.DE - Expense Ratio Comparison
MVEW.DE has a 0.30% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
MVEW.DE vs. AMEC.DE - Dividend Comparison
Neither MVEW.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEW.DE and AMEC.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for AMEC.DE.
MVEW.DE tracks MSCI ACWI NR USD, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for MVEW.DE and 0.35% for AMEC.DE.
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