S6EW.L vs. MVED.L
S6EW.L (Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR)) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - S6EW.L tracks the Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, S6EW.L returned 5.57%/yr vs 7.01%/yr for MVED.L. A 0.78 correlation means they provide meaningful diversification when combined. S6EW.L charges 0.35%/yr vs 0.25%/yr for MVED.L.
Performance
S6EW.L vs. MVED.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with S6EW.L having a 8.61% return and MVED.L slightly lower at 8.45%.
S6EW.L
- 1D
- 0.43%
- 1M
- 1.28%
- 6M
- 6.28%
- YTD
- 8.61%
- 1Y
- 15.60%
- 3Y*
- 12.05%
- 5Y*
- 5.57%
- 10Y*
- 8.04%
MVED.L
- 1D
- -0.13%
- 1M
- 1.36%
- 6M
- 6.60%
- YTD
- 8.45%
- 1Y
- 11.37%
- 3Y*
- 11.83%
- 5Y*
- 7.01%
- 10Y*
- —
S6EW.L vs. MVED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
S6EW.L Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) | 8.61% | 17.10% | 4.54% | 14.86% | -18.32% | 21.45% | 1.62% | 27.65% | -11.14% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 8.45% | 11.81% | 11.70% | 10.68% | -12.60% | 21.57% | -3.93% | 22.78% | -1.65% |
Correlation
The correlation between S6EW.L and MVED.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.78 |
The correlation between S6EW.L and MVED.L has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
S6EW.L vs. MVED.L — Risk / Return Rank
S6EW.L
MVED.L
S6EW.L vs. MVED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) (S6EW.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| S6EW.L | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.62 | -0.12 |
| Martin ratioReturn relative to average drawdown | 5.60 | 4.91 | +0.69 |
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Drawdowns
S6EW.L vs. MVED.L - Drawdown Comparison
The maximum S6EW.L drawdown since its inception was -37.58%, which is greater than MVED.L's maximum drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for S6EW.L and MVED.L.
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Drawdown Indicators
| S6EW.L | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -30.52% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -7.01% | -3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -10.47% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.60% | -19.58% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -37.58% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.67% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -5.03% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.31% | +0.47% |
Volatility
S6EW.L vs. MVED.L - Volatility Comparison
Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) (S6EW.L) has a higher volatility of 3.31% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.77%. This indicates that S6EW.L's price experiences larger fluctuations and is considered to be riskier than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S6EW.L | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.77% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 7.47% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 8.96% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 11.02% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 12.59% | +3.36% |
S6EW.L vs. MVED.L - Expense Ratio Comparison
S6EW.L has a 0.35% expense ratio, which is higher than MVED.L's 0.25% expense ratio.
Dividends
S6EW.L vs. MVED.L - Dividend Comparison
S6EW.L has not paid dividends to shareholders, while MVED.L's dividend yield for the trailing twelve months is around 2.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 2.52% | 2.69% | 2.56% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.51% |
S6EW.L Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
S6EW.L and MVED.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVED.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVED.L is cheaper with a 0.25% expense ratio, compared with 0.35% for S6EW.L.
S6EW.L tracks Ossiam Lux - Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR), while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: Ossiam and BlackRock. Their fees differ too: 0.35% for S6EW.L and 0.25% for MVED.L.
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