UEEH.DE vs. MVEW.DE
UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds from iShares - UEEH.DE tracks the MSCI World Minimum Volatility while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, UEEH.DE returned 5.98%/yr vs 6.47%/yr for MVEW.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
UEEH.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEH.DE achieves a 1.54% return, which is significantly higher than MVEW.DE's 1.17% return.
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
UEEH.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.81% |
Correlation
The correlation between UEEH.DE and MVEW.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.98 |
The correlation between UEEH.DE and MVEW.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
UEEH.DE vs. MVEW.DE — Risk / Return Rank
UEEH.DE
MVEW.DE
UEEH.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| UEEH.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.10 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.22 | 0.20 | -0.42 |
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
| UEEH.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 0.06 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.62 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.63 | +0.02 |
Drawdowns
UEEH.DE vs. MVEW.DE - Drawdown Comparison
The maximum UEEH.DE drawdown since its inception was -12.82%, roughly equal to the maximum MVEW.DE drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for UEEH.DE and MVEW.DE.
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Drawdown Indicators
| UEEH.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.82% | -13.19% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -4.68% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -13.19% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -13.19% | +0.37% |
Current DrawdownCurrent decline from peak | -6.93% | -5.75% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -3.83% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.27% | +0.25% |
Volatility
UEEH.DE vs. MVEW.DE - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) have volatilities of 2.62% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEH.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.58% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 5.42% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 7.97% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 10.25% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.26% | 10.82% | -0.56% |
UEEH.DE vs. MVEW.DE - Expense Ratio Comparison
Both UEEH.DE and MVEW.DE have an expense ratio of 0.30%.
Dividends
UEEH.DE vs. MVEW.DE - Dividend Comparison
UEEH.DE's dividend yield for the trailing twelve months is around 1.45%, while MVEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
With a correlation of 0.95, UEEH.DE and MVEW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE and MVEW.DE have the same expense ratio: 0.30% per year.
UEEH.DE tracks MSCI World Minimum Volatility, while MVEW.DE tracks MSCI ACWI NR USD.
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