UET5.DE vs. MVEE.DE
UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - UET5.DE tracks the EURO STOXX® 50 ESG while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, UET5.DE returned 14.17%/yr vs 6.17%/yr for MVEE.DE. A 0.80 correlation means they provide meaningful diversification when combined. UET5.DE charges 0.10%/yr vs 0.25%/yr for MVEE.DE.
Performance
UET5.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UET5.DE achieves a 11.62% return, which is significantly higher than MVEE.DE's 8.14% return.
UET5.DE
- 1D
- 0.60%
- 1M
- 3.64%
- YTD
- 11.62%
- 6M
- 12.47%
- 1Y
- 25.84%
- 3Y*
- 20.24%
- 5Y*
- 14.17%
- 10Y*
- —
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
UET5.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist | 11.62% | 25.93% | 12.78% | 25.33% | -9.34% | 26.97% | 28.56% |
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 UET5.DE and MVEE.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.80 |
Over the past year, the correlation between UET5.DE and MVEE.DE has dropped to 0.58 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
UET5.DE vs. MVEE.DE — Risk / Return Rank
UET5.DE
MVEE.DE
UET5.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.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.
| UET5.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.58 | +0.60 |
| Martin ratioReturn relative to average drawdown | 7.77 | 5.45 | +2.32 |
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Drawdowns
UET5.DE vs. MVEE.DE - Drawdown Comparison
The maximum UET5.DE drawdown since its inception was -37.03%, 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 UET5.DE and MVEE.DE.
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Drawdown Indicators
| UET5.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -20.19% | -16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -7.40% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.59% | -12.19% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -20.19% | -2.90% |
Current DrawdownCurrent decline from peak | -0.98% | 0.00% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -4.50% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.15% | +1.17% |
Volatility
UET5.DE vs. MVEE.DE - Volatility Comparison
UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) has a higher volatility of 4.02% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that UET5.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
| UET5.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 2.19% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.10% | 8.16% | +5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 9.93% | +7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 12.08% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 12.47% | +7.20% |
UET5.DE vs. MVEE.DE - Expense Ratio Comparison
UET5.DE has a 0.10% expense ratio, which is lower than MVEE.DE's 0.25% 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
UET5.DE vs. MVEE.DE - Dividend Comparison
UET5.DE's dividend yield for the trailing twelve months is around 2.84%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist | 2.84% | 2.15% | 3.28% | 2.96% | 3.06% | 1.90% | 1.93% |
Frequently Asked Questions
UET5.DE and MVEE.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UET5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UET5.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for MVEE.DE.
UET5.DE tracks EURO STOXX® 50 ESG, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.10% for UET5.DE and 0.25% for MVEE.DE.
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