VGER.DE vs. MVEE.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - VGER.DE tracks the FTSE Germany All Cap while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, VGER.DE returned 6.77%/yr vs 6.05%/yr for MVEE.DE. A 0.78 correlation means they provide meaningful diversification when combined. VGER.DE charges 0.10%/yr vs 0.25%/yr for MVEE.DE.
Performance
VGER.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGER.DE achieves a 0.71% return, which is significantly lower than MVEE.DE's 7.52% return.
VGER.DE
- 1D
- -1.32%
- 1M
- -3.27%
- YTD
- 0.71%
- 6M
- 1.50%
- 1Y
- 3.24%
- 3Y*
- 14.25%
- 5Y*
- 6.77%
- 10Y*
- —
MVEE.DE
- 1D
- -0.57%
- 1M
- 0.58%
- YTD
- 7.52%
- 6M
- 8.05%
- 1Y
- 11.08%
- 3Y*
- 10.12%
- 5Y*
- 6.05%
- 10Y*
- —
VGER.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 0.71% | 21.03% | 16.15% | 19.29% | -17.72% | 13.10% | 33.60% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 7.52% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between VGER.DE and MVEE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.78 |
Over the past year, the correlation between VGER.DE and MVEE.DE has dropped to 0.49 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
VGER.DE vs. MVEE.DE — Risk / Return Rank
VGER.DE
MVEE.DE
VGER.DE vs. MVEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.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.
| VGER.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.49 | -1.24 |
| Martin ratioReturn relative to average drawdown | 0.79 | 5.15 | -4.36 |
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Drawdowns
VGER.DE vs. MVEE.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.66%, 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 VGER.DE and MVEE.DE.
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Drawdown Indicators
| VGER.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -20.19% | -18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -7.40% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.65% | -12.19% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -20.19% | -10.98% |
Current DrawdownCurrent decline from peak | -3.83% | -0.57% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -4.49% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.15% | +1.94% |
Volatility
VGER.DE vs. MVEE.DE - Volatility Comparison
Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.07% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.10%. This indicates that VGER.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
| VGER.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.10% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 8.18% | +5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 9.88% | +6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 12.08% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 12.46% | +6.57% |
VGER.DE vs. MVEE.DE - Expense Ratio Comparison
VGER.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
VGER.DE vs. MVEE.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.29%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.29% | 2.12% | 2.40% | 2.96% | 4.07% | 1.86% | 2.93% | 2.55% |
Frequently Asked Questions
VGER.DE and MVEE.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGER.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGER.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for MVEE.DE.
VGER.DE tracks FTSE Germany All Cap, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VGER.DE and 0.25% for MVEE.DE.
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