MVEW.DE vs. SPYY.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both Global Equities funds - MVEW.DE tracks the MSCI ACWI NR USD while SPYY.DE tracks the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, MVEW.DE returned 6.47%/yr vs 12.35%/yr for SPYY.DE. A 0.73 correlation means they provide meaningful diversification when combined. MVEW.DE charges 0.30%/yr vs 0.40%/yr for SPYY.DE.
Performance
MVEW.DE vs. SPYY.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 SPYY.DE's 12.54% 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*
- —
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.54%
- 6M
- 12.75%
- 1Y
- 26.58%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
MVEW.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 21.22% |
Correlation
The correlation between MVEW.DE and SPYY.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.73 |
Over the past year, the correlation between MVEW.DE and SPYY.DE has dropped to 0.39 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
MVEW.DE vs. SPYY.DE — Risk / Return Rank
MVEW.DE
SPYY.DE
MVEW.DE vs. SPYY.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 SPDR MSCI ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.44 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 4.10 | -4.00 |
| Martin ratioReturn relative to average drawdown | 0.20 | 16.60 | -16.40 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.32 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.88 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.83 | -0.19 |
Drawdowns
MVEW.DE vs. SPYY.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.19%, smaller than the maximum SPYY.DE drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and SPYY.DE.
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Drawdown Indicators
| MVEW.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -33.49% | +20.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -6.49% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -21.27% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -21.27% | +8.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.49% | — |
Current DrawdownCurrent decline from peak | -5.75% | -0.61% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.39% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.61% | +0.66% |
Volatility
MVEW.DE vs. SPYY.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) is 2.58%, while SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a volatility of 3.05%. This indicates that MVEW.DE experiences smaller price fluctuations and is considered to be less risky than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.05% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 8.21% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 11.47% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 13.90% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 15.07% | -4.25% |
MVEW.DE vs. SPYY.DE - Expense Ratio Comparison
MVEW.DE has a 0.30% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
MVEW.DE vs. SPYY.DE - Dividend Comparison
Neither MVEW.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEW.DE and SPYY.DE have a correlation of 0.39, 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 0.40% for SPYY.DE.
MVEW.DE tracks MSCI ACWI NR USD, while SPYY.DE tracks MSCI All Country World (ACWI). They also come from different issuers: iShares and State Street. Their fees differ too: 0.30% for MVEW.DE and 0.40% for SPYY.DE.
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