UIM4.DE vs. MVEE.DE
UIM4.DE (UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - UIM4.DE tracks the MSCI EMU while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, UIM4.DE returned 10.91%/yr vs 6.17%/yr for MVEE.DE. Their correlation of 0.83 suggests significant overlap in exposure. UIM4.DE charges 0.12%/yr vs 0.25%/yr for MVEE.DE.
Performance
UIM4.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIM4.DE achieves a 11.84% return, which is significantly higher than MVEE.DE's 8.14% return.
UIM4.DE
- 1D
- 0.74%
- 1M
- 3.07%
- YTD
- 11.84%
- 6M
- 12.74%
- 1Y
- 24.18%
- 3Y*
- 17.45%
- 5Y*
- 10.91%
- 10Y*
- 11.47%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
UIM4.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis | 11.84% | 24.73% | 9.53% | 18.91% | -11.89% | 21.97% | 31.43% |
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 UIM4.DE and MVEE.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.83 |
Over the past year, the correlation between UIM4.DE and MVEE.DE has dropped to 0.60 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
UIM4.DE vs. MVEE.DE — Risk / Return Rank
UIM4.DE
MVEE.DE
UIM4.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.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.
| UIM4.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.58 | +0.80 |
| Martin ratioReturn relative to average drawdown | 8.80 | 5.45 | +3.35 |
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Drawdowns
UIM4.DE vs. MVEE.DE - Drawdown Comparison
The maximum UIM4.DE drawdown since its inception was -58.61%, 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 UIM4.DE and MVEE.DE.
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Drawdown Indicators
| UIM4.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -20.19% | -38.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -7.40% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.21% | -12.19% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -20.19% | -4.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | 0.00% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -4.50% | -11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.15% | +0.59% |
Volatility
UIM4.DE vs. MVEE.DE - Volatility Comparison
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) has a higher volatility of 3.46% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that UIM4.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
| UIM4.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.19% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 8.16% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 9.93% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 12.08% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 12.47% | +4.40% |
UIM4.DE vs. MVEE.DE - Expense Ratio Comparison
UIM4.DE has a 0.12% 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
UIM4.DE vs. MVEE.DE - Dividend Comparison
UIM4.DE's dividend yield for the trailing twelve months is around 2.40%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis | 2.40% | 2.52% | 2.71% | 2.69% | 2.84% | 1.83% | 1.58% | 2.66% | 3.26% | 2.51% | 2.57% | 2.99% |
Frequently Asked Questions
UIM4.DE and MVEE.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIM4.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for MVEE.DE.
UIM4.DE tracks MSCI EMU, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.12% for UIM4.DE and 0.25% for MVEE.DE.
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