VOO vs. MIVU.DE

Last updated Jun 16, 2026

VOO (Vanguard S&P 500 ETF) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, VOO returned 13.93%/yr vs 7.27%/yr for MIVU.DE. At a 0.47 correlation, their price movements are largely independent. VOO charges 0.03%/yr vs 0.18%/yr for MIVU.DE.

Performance

VOO vs. MIVU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOO is traded in USD, while MIVU.DE is traded in EUR. To make them comparable, the MIVU.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOO achieves a 10.99% return, which is significantly higher than MIVU.DE's 1.94% return.

VOO

• 1D: 1.74%
• 1M: 2.12%
• YTD: 10.99%
• 6M: 11.51%
• 1Y: 27.95%
• 3Y*: 21.25%
• 5Y*: 13.93%
• 10Y*: 15.72%

MIVU.DE

• 1D: 0.72%
• 1M: 1.64%
• YTD: 1.94%
• 6M: 2.88%
• 1Y: 4.80%
• 3Y*: 10.50%
• 5Y*: 7.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOO vs. MIVU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VOO Vanguard S&P 500 ETF	10.99%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-11.56%
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF	1.94%	8.52%	15.86%	8.69%	-9.56%	21.48%	3.89%	27.26%	-6.95%

Correlation

The correlation between VOO and MIVU.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018	0.47

The correlation between VOO and MIVU.DE shifts across timeframes, from 0.30 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VOO vs. MIVU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 80
VOO Sortino Ratio Rank: 78
VOO Omega Ratio Rank: 79
VOO Calmar Ratio Rank: 69
VOO Martin Ratio Rank: 81

MIVU.DE

MIVU.DE Risk / Return Rank: 18
MIVU.DE Sharpe Ratio Rank: 17
MIVU.DE Sortino Ratio Rank: 15
MIVU.DE Omega Ratio Rank: 15
MIVU.DE Calmar Ratio Rank: 21
MIVU.DE Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOO vs. MIVU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.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.

	VOO	MIVU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.58	+1.70
Sortino ratio: Return per unit of downside risk	3.07	0.83	+2.23
Omega ratio: Gain probability vs. loss probability	1.42	1.10	+0.31
Calmar ratio: Return relative to maximum drawdown	3.15	0.87	+2.28
Martin ratio: Return relative to average drawdown	14.25	2.62	+11.63

VOO vs. MIVU.DE - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 2.28, which is higher than the MIVU.DE Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of VOO and MIVU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOO vs. MIVU.DE - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, roughly equal to the maximum MIVU.DE drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for VOO and MIVU.DE.

Drawdown Indicators

	VOO	MIVU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-33.16%	-0.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-5.50%	-3.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-11.17%	-7.52%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-17.58%	-6.94%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-0.63%	-0.61%	-0.02%
Average Drawdown Average peak-to-trough decline	-3.68%	-4.27%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.83%	+0.14%

Volatility

VOO vs. MIVU.DE - Volatility Comparison

Vanguard S&P 500 ETF (VOO) has a higher volatility of 4.61% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.27%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than MIVU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOO	MIVU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	2.27%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	5.69%	+4.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	8.33%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	12.06%	+4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	14.21%	+3.84%

VOO vs. MIVU.DE - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than MIVU.DE's 0.18% 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

VOO vs. MIVU.DE - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.03%, while MIVU.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VOO and MIVU.DE in my portfolio?

VOO and MIVU.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOO or MIVU.DE?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOO or MIVU.DE?

VOO is cheaper with a 0.03% expense ratio, compared with 0.18% for MIVU.DE.

What is the main difference between VOO and MIVU.DE?

VOO is categorized as S&P 500, while MIVU.DE is Large Cap Blend Equities. VOO tracks S&P 500 Index, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.03% for VOO and 0.18% for MIVU.DE.