XSXE.DE vs. MVEE.DE
XSXE.DE (Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - XSXE.DE tracks the STOXX Europe 600 Index (EUR Hedged) while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, XSXE.DE returned 9.89%/yr vs 6.33%/yr for MVEE.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
XSXE.DE vs. MVEE.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 MVEE.DE's 9.62% 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*
- —
MVEE.DE
- 1D
- 0.57%
- 1M
- 4.22%
- 6M
- 9.21%
- YTD
- 9.62%
- 1Y
- 12.53%
- 3Y*
- 10.05%
- 5Y*
- 6.33%
- 10Y*
- —
XSXE.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSXE.DE Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) | 11.68% | 21.25% | 7.59% | 14.31% | -9.71% | 21.70% | 26.07% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.62% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between XSXE.DE and MVEE.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.86 |
Over the past year, the correlation between XSXE.DE and MVEE.DE has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
XSXE.DE vs. MVEE.DE — Risk / Return Rank
XSXE.DE
MVEE.DE
XSXE.DE vs. MVEE.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 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.
| XSXE.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.69 | +0.64 |
| Martin ratioReturn relative to average drawdown | 8.95 | 5.83 | +3.13 |
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Drawdowns
XSXE.DE vs. MVEE.DE - Drawdown Comparison
The maximum XSXE.DE drawdown since its inception was -33.65%, 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 XSXE.DE and MVEE.DE.
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Drawdown Indicators
| XSXE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -20.19% | -13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.40% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.83% | -12.19% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -20.19% | -0.11% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -4.48% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.15% | +0.33% |
Volatility
XSXE.DE vs. MVEE.DE - Volatility Comparison
Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.DE) has a higher volatility of 3.09% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.62%. This indicates that XSXE.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
| XSXE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.62% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.34% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 10.00% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 12.10% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 12.47% | +3.36% |
XSXE.DE vs. MVEE.DE - Expense Ratio Comparison
Both XSXE.DE and MVEE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XSXE.DE vs. MVEE.DE - Dividend Comparison
Neither XSXE.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
XSXE.DE and MVEE.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSXE.DE and MVEE.DE have the same expense ratio: 0.25% per year.
XSXE.DE tracks STOXX Europe 600 Index (EUR Hedged), while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and iShares.
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