XXSC.L vs. MVEU.L

Last updated Jul 21, 2026

XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - XXSC.L tracks the MSCI Europe Small Cap NR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, XXSC.L returned 7.99%/yr vs 7.03%/yr for MVEU.L. A 0.72 correlation means they provide meaningful diversification when combined. XXSC.L charges 0.30%/yr vs 0.25%/yr for MVEU.L.

Performance

XXSC.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XXSC.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XXSC.L achieves a 4.57% return, which is significantly lower than MVEU.L's 6.17% return. Over the past 10 years, XXSC.L has outperformed MVEU.L with an annualized return of 7.99%, while MVEU.L has yielded a comparatively lower 7.03% annualized return.

XXSC.L

• 1D: -0.41%
• 1M: -1.23%
• 6M: 2.55%
• YTD: 4.57%
• 1Y: 8.16%
• 3Y*: 10.65%
• 5Y*: 3.97%
• 10Y*: 7.99%
• ALL TIME*: 4.76%

MVEU.L

• 1D: -0.47%
• 1M: 0.59%
• 6M: 5.21%
• YTD: 6.17%
• 1Y: 9.19%
• 3Y*: 10.69%
• 5Y*: 6.89%
• 10Y*: 7.03%
• ALL TIME*: 8.73%

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

XXSC.L vs. MVEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	4.57%	22.28%	0.76%	10.44%	-17.50%	15.39%	10.55%	24.37%	-14.57%	23.35%
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)	6.17%	17.63%	6.71%	8.45%	-8.16%	14.46%	1.57%	15.47%	-2.87%	14.16%

Correlation

The correlation between XXSC.L and MVEU.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012	0.72

The correlation between XXSC.L and MVEU.L shifts across timeframes, from 0.53 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

XXSC.L vs. MVEU.L - Sectors Allocation Comparison

Sectors	XXSC.L	MVEU.L
Industrials	26.8%	15.5%
Financial Services	15.2%	18.0%
Consumer Cyclical	11.3%	3.1%
Technology	8.3%	3.3%
Real Estate	8.1%	1.5%
Healthcare	7.5%	12.5%
Basic Materials	7.4%	5.2%
Communication Services	5.0%	8.5%
Energy	4.7%	7.2%
Consumer Defensive	3.4%	14.4%
Utilities	2.4%	10.2%

Return for Risk

XXSC.L vs. MVEU.L — Risk / Return Rank

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

XXSC.L

XXSC.L Risk / Return Rank: 24
XXSC.L Sharpe Ratio Rank: 24
XXSC.L Sortino Ratio Rank: 23
XXSC.L Omega Ratio Rank: 23
XXSC.L Calmar Ratio Rank: 23
XXSC.L Martin Ratio Rank: 26

MVEU.L

MVEU.L Risk / Return Rank: 46
MVEU.L Sharpe Ratio Rank: 49
MVEU.L Sortino Ratio Rank: 48
MVEU.L Omega Ratio Rank: 48
MVEU.L Calmar Ratio Rank: 42
MVEU.L Martin Ratio Rank: 42

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.

XXSC.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). 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.

	XXSC.L	MVEU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.00	-0.36
Sortino ratio: Return per unit of downside risk	0.98	1.42	-0.44
Omega ratio: Gain probability vs. loss probability	1.12	1.18	-0.06
Calmar ratio: Return relative to maximum drawdown	0.75	1.10	-0.35
Martin ratio: Return relative to average drawdown	2.57	3.12	-0.54

XXSC.L vs. MVEU.L - Sharpe Ratio Comparison

The current XXSC.L Sharpe Ratio is 0.64, which is lower than the MVEU.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of XXSC.L and MVEU.L, 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

XXSC.L vs. MVEU.L - Drawdown Comparison

The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for XXSC.L and MVEU.L.

Drawdown Indicators

	XXSC.L	MVEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-74.17%	-23.74%	-50.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-8.32%	-2.47%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-8.32%	-10.78%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-17.42%	-13.32%
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	-23.74%	-12.01%
Current Drawdown Current decline from peak	-3.17%	-3.29%	+0.12%
Average Drawdown Average peak-to-trough decline	-20.56%	-3.52%	-17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.94%	+0.22%

Volatility

XXSC.L vs. MVEU.L - Volatility Comparison

Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.38% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 2.87%. This indicates that XXSC.L's price experiences larger fluctuations and is considered to be riskier than MVEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XXSC.L	MVEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.87%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	7.70%	+3.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	9.21%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.53%	11.30%	+9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	12.56%	+5.63%

XXSC.L vs. MVEU.L - Expense Ratio Comparison

XXSC.L has a 0.30% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.

Dividends

XXSC.L vs. MVEU.L - Dividend Comparison

Neither XXSC.L nor MVEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XXSC.L and MVEU.L in my portfolio?

XXSC.L and MVEU.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXSC.L or MVEU.L?

On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXSC.L or MVEU.L?

MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for XXSC.L.

What is the main difference between XXSC.L and MVEU.L?

XXSC.L tracks MSCI Europe Small Cap NR EUR, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: DWS and iShares. Their fees differ too: 0.30% for XXSC.L and 0.25% for MVEU.L.