V3AA.DE vs. MVEW.DE
V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - V3AA.DE tracks the FTSE Global All Cap Choice Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, V3AA.DE returned 11.33%/yr vs 6.47%/yr for MVEW.DE. A 0.67 correlation means they provide meaningful diversification when combined. V3AA.DE charges 0.24%/yr vs 0.30%/yr for MVEW.DE.
Performance
V3AA.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3AA.DE achieves a 12.77% return, which is significantly higher than MVEW.DE's 1.17% return.
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
V3AA.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 20.39% |
Correlation
The correlation between V3AA.DE and MVEW.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.67 |
Over the past year, the correlation between V3AA.DE and MVEW.DE has dropped to 0.35 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
V3AA.DE vs. MVEW.DE — Risk / Return Rank
V3AA.DE
MVEW.DE
V3AA.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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.
| V3AA.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.02 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 0.10 | +3.20 |
| Martin ratioReturn relative to average drawdown | 13.32 | 0.20 | +13.12 |
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
| V3AA.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.06 | +2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.62 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.63 | +0.19 |
Drawdowns
V3AA.DE vs. MVEW.DE - Drawdown Comparison
The maximum V3AA.DE drawdown since its inception was -22.30%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for V3AA.DE and MVEW.DE.
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Drawdown Indicators
| V3AA.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -13.19% | -9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -4.68% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -13.19% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.30% | -13.19% | -9.11% |
Current DrawdownCurrent decline from peak | -0.75% | -5.75% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -3.83% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.27% | -0.24% |
Volatility
V3AA.DE vs. MVEW.DE - Volatility Comparison
Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a higher volatility of 3.38% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that V3AA.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3AA.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.58% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 5.42% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 7.97% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 10.25% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 10.82% | +3.51% |
V3AA.DE vs. MVEW.DE - Expense Ratio Comparison
V3AA.DE has a 0.24% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
V3AA.DE vs. MVEW.DE - Dividend Comparison
Neither V3AA.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
V3AA.DE and MVEW.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3AA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3AA.DE is cheaper with a 0.24% expense ratio, compared with 0.30% for MVEW.DE.
V3AA.DE tracks FTSE Global All Cap Choice Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3AA.DE and 0.30% for MVEW.DE.
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