MVEW.DE vs. UEEH.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds from iShares - MVEW.DE tracks the MSCI ACWI NR USD while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, MVEW.DE returned 6.47%/yr vs 5.98%/yr for UEEH.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
MVEW.DE vs. UEEH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVEW.DE achieves a 1.17% return, which is significantly lower than UEEH.DE's 1.54% 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*
- —
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
MVEW.DE vs. UEEH.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% | 1.81% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
Correlation
The correlation between MVEW.DE and UEEH.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.98 |
The correlation between MVEW.DE and UEEH.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVEW.DE vs. UEEH.DE — Risk / Return Rank
MVEW.DE
UEEH.DE
MVEW.DE vs. UEEH.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 iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.10 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.20 | -0.22 | +0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MVEW.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.07 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.59 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.65 | -0.02 |
Drawdowns
MVEW.DE vs. UEEH.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.19%, roughly equal to the maximum UEEH.DE drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and UEEH.DE.
Loading charts...
Drawdown Indicators
| MVEW.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -12.82% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -5.49% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -12.82% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -12.82% | -0.37% |
Current DrawdownCurrent decline from peak | -5.75% | -6.93% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.41% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.52% | -0.25% |
Volatility
MVEW.DE vs. UEEH.DE - Volatility Comparison
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) have volatilities of 2.58% and 2.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVEW.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 2.62% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 5.56% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 7.88% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 10.11% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 10.26% | +0.56% |
MVEW.DE vs. UEEH.DE - Expense Ratio Comparison
Both MVEW.DE and UEEH.DE have an expense ratio of 0.30%.
Dividends
MVEW.DE vs. UEEH.DE - Dividend Comparison
MVEW.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
With a correlation of 0.95, MVEW.DE and UEEH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.DE and UEEH.DE have the same expense ratio: 0.30% per year.
MVEW.DE tracks MSCI ACWI NR USD, while UEEH.DE tracks MSCI World Minimum Volatility.
Find the right allocation for MVEW.DE and UEEH.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer