OP7E.DE vs. MIVU.DE
OP7E.DE (Ossiam Bloomberg USA PAB UCITS ETF (EUR)) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both Large Cap Blend Equities funds - OP7E.DE tracks the Bloomberg PAB US Large & Mid Cap while MIVU.DE tracks the MSCI USA Minimum Volatility. Both are passively managed. Over the past 3 years, OP7E.DE returned 16.14%/yr vs 8.40%/yr for MIVU.DE. A 0.67 correlation means they provide meaningful diversification when combined. OP7E.DE charges 0.12%/yr vs 0.18%/yr for MIVU.DE.
Performance
OP7E.DE vs. MIVU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OP7E.DE achieves a 9.44% return, which is significantly higher than MIVU.DE's 2.88% return.
OP7E.DE
- 1D
- -0.19%
- 1M
- 6.76%
- YTD
- 9.44%
- 6M
- 9.62%
- 1Y
- 18.97%
- 3Y*
- 16.14%
- 5Y*
- —
- 10Y*
- —
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.04%
- YTD
- 2.88%
- 6M
- 3.17%
- 1Y
- 2.54%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
OP7E.DE vs. MIVU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OP7E.DE Ossiam Bloomberg USA PAB UCITS ETF (EUR) | 9.44% | 1.18% | 29.02% | 22.72% | -14.67% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -9.79% |
Correlation
The correlation between OP7E.DE and MIVU.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.67 |
The correlation between OP7E.DE and MIVU.DE shifts across timeframes, from 0.49 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OP7E.DE vs. MIVU.DE — Risk / Return Rank
OP7E.DE
MIVU.DE
OP7E.DE vs. MIVU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) and Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.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.
| OP7E.DE | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.05 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.52 | +1.59 |
| Martin ratioReturn relative to average drawdown | 6.82 | 1.15 | +5.67 |
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
| OP7E.DE | MIVU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.28 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.60 | +0.16 |
Drawdowns
OP7E.DE vs. MIVU.DE - Drawdown Comparison
The maximum OP7E.DE drawdown since its inception was -23.71%, smaller than the maximum MIVU.DE drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for OP7E.DE and MIVU.DE.
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Drawdown Indicators
| OP7E.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.71% | -32.69% | +8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -4.83% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.71% | -14.89% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.89% | — |
Current DrawdownCurrent decline from peak | -0.50% | -6.68% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.16% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.20% | +0.57% |
Volatility
OP7E.DE vs. MIVU.DE - Volatility Comparison
Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) has a higher volatility of 3.07% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.83%. This indicates that OP7E.DE's price experiences larger fluctuations and is considered to be riskier than MIVU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OP7E.DE | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.83% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 6.02% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 8.94% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 11.89% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 13.97% | +0.81% |
OP7E.DE vs. MIVU.DE - Expense Ratio Comparison
OP7E.DE has a 0.12% expense ratio, which is lower than MIVU.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OP7E.DE vs. MIVU.DE - Dividend Comparison
Neither OP7E.DE nor MIVU.DE has paid dividends to shareholders.
Frequently Asked Questions
OP7E.DE and MIVU.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OP7E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OP7E.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for MIVU.DE.
OP7E.DE tracks Bloomberg PAB US Large & Mid Cap, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: Natixis and Amundi. Their fees differ too: 0.12% for OP7E.DE and 0.18% for MIVU.DE.
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