SXRJ.DE vs. MVEE.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - SXRJ.DE tracks the MSCI EMU Small Cap while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, SXRJ.DE returned 6.24%/yr vs 6.17%/yr for MVEE.DE. A 0.75 correlation means they provide meaningful diversification when combined. SXRJ.DE charges 0.58%/yr vs 0.25%/yr for MVEE.DE.
Performance
SXRJ.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 8.64% return, which is significantly higher than MVEE.DE's 8.14% return.
SXRJ.DE
- 1D
- -0.29%
- 1M
- -2.56%
- YTD
- 8.64%
- 6M
- 9.97%
- 1Y
- 16.51%
- 3Y*
- 13.48%
- 5Y*
- 6.24%
- 10Y*
- 10.10%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
SXRJ.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 8.64% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 42.01% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between SXRJ.DE and MVEE.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.75 |
Over the past year, the correlation between SXRJ.DE and MVEE.DE has dropped to 0.53 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
SXRJ.DE vs. MVEE.DE — Risk / Return Rank
SXRJ.DE
MVEE.DE
SXRJ.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) and iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
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.
| SXRJ.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.58 | -0.04 |
| Martin ratioReturn relative to average drawdown | 5.68 | 5.45 | +0.23 |
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Drawdowns
SXRJ.DE vs. MVEE.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and MVEE.DE.
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Drawdown Indicators
| SXRJ.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -20.19% | -19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.40% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -12.19% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -20.19% | -9.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | 0.00% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -4.50% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.15% | +0.75% |
Volatility
SXRJ.DE vs. MVEE.DE - Volatility Comparison
iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) has a higher volatility of 3.63% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that SXRJ.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRJ.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 2.19% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 8.16% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 9.93% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 12.08% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 12.47% | +3.61% |
SXRJ.DE vs. MVEE.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
SXRJ.DE vs. MVEE.DE - Dividend Comparison
Neither SXRJ.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRJ.DE and MVEE.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE is cheaper with a 0.25% expense ratio, compared with 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.58% for SXRJ.DE and 0.25% for MVEE.DE.
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