UBUT.DE vs. MIVU.DE
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both Large Cap Blend Equities funds - UBUT.DE tracks the MSCI USA Quality while MIVU.DE tracks the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, UBUT.DE returned 14.55%/yr vs 8.13%/yr for MIVU.DE. A 0.74 correlation means they provide meaningful diversification when combined. UBUT.DE charges 0.25%/yr vs 0.18%/yr for MIVU.DE.
Performance
UBUT.DE vs. MIVU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UBUT.DE achieves a 11.13% return, which is significantly higher than MIVU.DE's 2.88% return.
UBUT.DE
- 1D
- 0.48%
- 1M
- 6.45%
- YTD
- 11.13%
- 6M
- 11.84%
- 1Y
- 26.41%
- 3Y*
- 18.17%
- 5Y*
- 14.55%
- 10Y*
- 15.97%
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.04%
- YTD
- 2.88%
- 6M
- 3.17%
- 1Y
- 2.54%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
UBUT.DE vs. MIVU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 11.13% | 4.89% | 28.17% | 31.45% | -19.44% | 39.51% | 10.45% | 41.33% | -10.60% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
Correlation
The correlation between UBUT.DE and MIVU.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2018 | 0.74 |
Over the past year, the correlation between UBUT.DE and MIVU.DE has dropped to 0.42 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
UBUT.DE vs. MIVU.DE — Risk / Return Rank
UBUT.DE
MIVU.DE
UBUT.DE vs. MIVU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.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.
| UBUT.DE | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.05 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 0.52 | +2.32 |
| Martin ratioReturn relative to average drawdown | 10.00 | 1.15 | +8.85 |
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
| UBUT.DE | MIVU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.28 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.68 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.60 | +0.30 |
Drawdowns
UBUT.DE vs. MIVU.DE - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.47%, smaller than the maximum MIVU.DE drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and MIVU.DE.
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Drawdown Indicators
| UBUT.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -32.69% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -4.83% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -14.89% | -9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -14.89% | -9.89% |
Max Drawdown (10Y)Largest decline over 10 years | -30.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.68% | +6.68% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -6.16% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.20% | +0.43% |
Volatility
UBUT.DE vs. MIVU.DE - Volatility Comparison
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a higher volatility of 3.48% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.83%. This indicates that UBUT.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
| UBUT.DE | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 2.83% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 6.02% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 8.94% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 11.89% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 13.97% | +2.97% |
UBUT.DE vs. MIVU.DE - Expense Ratio Comparison
UBUT.DE has a 0.25% expense ratio, which is higher than MIVU.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UBUT.DE vs. MIVU.DE - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.35%, while MIVU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.35% | 0.42% | 0.60% | 0.78% | 0.78% | 0.62% | 0.88% | 0.66% | 1.07% | 0.85% | 0.96% |
Frequently Asked Questions
UBUT.DE and MIVU.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for UBUT.DE.
UBUT.DE tracks MSCI USA Quality, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.25% for UBUT.DE and 0.18% for MIVU.DE.
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