XSXE.DE vs. MIVA.DE
XSXE.DE (Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc)) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - XSXE.DE tracks the STOXX Europe 600 Index (EUR Hedged) while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, XSXE.DE returned 9.89%/yr vs 7.26%/yr for MIVA.DE. Their correlation of 0.85 suggests significant overlap in exposure. XSXE.DE charges 0.25%/yr vs 0.23%/yr for MIVA.DE.
Performance
XSXE.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSXE.DE achieves a 11.68% return, which is significantly higher than MIVA.DE's 8.73% return.
XSXE.DE
- 1D
- 0.64%
- 1M
- 5.20%
- 6M
- 10.95%
- YTD
- 11.68%
- 1Y
- 22.30%
- 3Y*
- 14.79%
- 5Y*
- 9.89%
- 10Y*
- —
MIVA.DE
- 1D
- 0.27%
- 1M
- 3.84%
- 6M
- 8.66%
- YTD
- 8.73%
- 1Y
- 11.37%
- 3Y*
- 11.62%
- 5Y*
- 7.26%
- 10Y*
- 7.04%
XSXE.DE vs. MIVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XSXE.DE Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) | 11.68% | 21.25% | 7.59% | 14.31% | -9.71% | 21.70% | -0.75% | 25.76% | -10.80% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 8.73% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -6.05% |
Correlation
The correlation between XSXE.DE and MIVA.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2018 | 0.85 |
The correlation between XSXE.DE and MIVA.DE shifts across timeframes, from 0.75 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSXE.DE vs. MIVA.DE — Risk / Return Rank
XSXE.DE
MIVA.DE
XSXE.DE vs. MIVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.DE) and Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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.
| XSXE.DE | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.63 | +0.69 |
| Martin ratioReturn relative to average drawdown | 8.95 | 4.89 | +4.06 |
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Drawdowns
XSXE.DE vs. MIVA.DE - Drawdown Comparison
The maximum XSXE.DE drawdown since its inception was -33.65%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for XSXE.DE and MIVA.DE.
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Drawdown Indicators
| XSXE.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -30.57% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -6.94% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.83% | -11.02% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -19.69% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.57% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.07% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -4.86% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.32% | +0.16% |
Volatility
XSXE.DE vs. MIVA.DE - Volatility Comparison
Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.DE) has a higher volatility of 3.09% compared to Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 2.28%. This indicates that XSXE.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSXE.DE | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.28% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 7.43% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 8.87% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 10.97% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 12.03% | +3.80% |
XSXE.DE vs. MIVA.DE - Expense Ratio Comparison
XSXE.DE has a 0.25% expense ratio, which is higher than MIVA.DE's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSXE.DE vs. MIVA.DE - Dividend Comparison
Neither XSXE.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
XSXE.DE and MIVA.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for XSXE.DE.
XSXE.DE tracks STOXX Europe 600 Index (EUR Hedged), while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XSXE.DE and 0.23% for MIVA.DE.
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