MVEW.DE vs. VWCE.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - MVEW.DE tracks the MSCI ACWI NR USD while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, MVEW.DE returned 6.47%/yr vs 12.28%/yr for VWCE.DE. A 0.73 correlation means they provide meaningful diversification when combined. MVEW.DE charges 0.30%/yr vs 0.19%/yr for VWCE.DE.
Performance
MVEW.DE vs. VWCE.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 VWCE.DE's 12.64% 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*
- —
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
MVEW.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 21.21% |
Correlation
The correlation between MVEW.DE and VWCE.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 | 0.70 |
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 VWCE.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. VWCE.DE — Risk / Return Rank
MVEW.DE
VWCE.DE
MVEW.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 4.01 | -3.92 |
| Martin ratioReturn relative to average drawdown | 0.20 | 16.55 | -16.35 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.31 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.88 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.79 | -0.16 |
Drawdowns
MVEW.DE vs. VWCE.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.19%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and VWCE.DE.
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Drawdown Indicators
| MVEW.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -33.43% | +20.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -6.55% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -21.07% | +7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -21.07% | +7.88% |
Current DrawdownCurrent decline from peak | -5.75% | -0.66% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.69% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.59% | +0.68% |
Volatility
MVEW.DE vs. VWCE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) is 2.58%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that MVEW.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.06% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 8.18% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 11.37% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 13.75% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 16.16% | -5.34% |
MVEW.DE vs. VWCE.DE - Expense Ratio Comparison
MVEW.DE has a 0.30% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
MVEW.DE vs. VWCE.DE - Dividend Comparison
Neither MVEW.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEW.DE and VWCE.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, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for MVEW.DE.
MVEW.DE tracks MSCI ACWI NR USD, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for MVEW.DE and 0.19% for VWCE.DE.
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