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iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF

iShares · IE00BKVL7D31

iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker MVEE (ISIN IE00BKVL7D31). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about owning small slices of companies, so you share in their…

· Tracks the MSCI Europe Minimum Volatility index ?
Equity ?Accumulating ?Physical ?Ireland ?
Low yearly feeReinvests dividendsOwns the shares directlyEuropeBroadly spread
Fund size (AUM) ?
€28.5M
Risk level (SRI) ?
5 / 7 · High
1-year return ?
+14.8%
Total return · to 2026-07-28
Yearly fee (TER) ?
0.25%
All-in cost ≈ 0.25%

About this fund

What you own

The MSCI Europe Minimum Volatility index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 136 companies across Europe in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

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Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.25%Yearly fee (TER)
0.25%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

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For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
MSCI Europe Minimum Volatility
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Apr 2020
6-year track record
Recommended holding period
medium to long term

Performance

80.494.0108121135202120242026

Growth of €100 invested — the line starts at €100.

iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+11.4%
1 year+14.8%
3 years+10.3%
5 years+6.2%

Return, year by year

-15.1
+12.5
+8.8
+8.7
'22'23'24'25
3 of 4 up yearsBest: 2023 +12.5%Worst: 2022 -15.1%Calendar-year total returns, in EUR

How bumpy has it been?

10.1%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-12.1%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
0.97
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

+38.6%
Since inception
Total growth since launch — about +6.7% a year.
+24.3%
Best 12 months
The strongest one-year stretch on record.
-15.1%
Worst 12 months
The weakest one-year stretch on record.
-20.2%
Worst fall on record ?
It clawed back in about 18 months.

What's inside

By sector ?

Financials21.6%
Industrials14.3%
Consumer Staples14.0%
Health Care12.4%
Utilities10.0%
Communication Services7.1%
Energy6.0%
Technology4.9%

The 10 biggest holdings make up 16.0% of the fund — the rest is spread across roughly 126 more companies.

Top 10 holdings

#CompanyWeight
1ASML HOLDING NV1.8%
2CAIXABANK SA1.7%
3ASSICURAZIONI GENERALI1.7%
4AXA SA1.6%
5SIEMENS N AG1.6%
6ABB LTD1.6%
7KBC GROEP1.6%
8SSE PLC1.6%
9KUEHNE UND NAGEL INTERNATIONAL AG1.5%
10IBERDROLA SA1.5%

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
SIXMVEECHF★ Primary
EUR listings
B3MVEEDEUR
B3MVEEZEUR
B4MVEEEUREUR
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For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-28 · the fund's own published holdings.

#CompanyWeight
1ASML HOLDING NV1.8%
2CAIXABANK SA1.7%
3ASSICURAZIONI GENERALI1.7%
4AXA SA1.6%
5SIEMENS N AG1.6%
6ABB LTD1.6%
7KBC GROEP1.6%
8SSE PLC1.6%
9KUEHNE UND NAGEL INTERNATIONAL AG1.5%
10IBERDROLA SA1.5%
11ENEL1.5%
12NOVARTIS AG1.5%
13ZURICH INSURANCE GROUP AG1.5%
14INDUSTRIA DE DISENO TEXTIL SA1.5%
15ING GROEP NV1.5%
16NATIONAL GRID PLC1.4%
17KERRY GROUP PLC1.4%
18ANHEUSER-BUSCH INBEV SA1.4%
19SWISS PRIME SITE AG1.4%
20AVIVA PLC1.4%
21ENDESA SA1.4%
22ALLIANZ1.4%
23SCHNEIDER ELECTRIC1.3%
24SAMPO CLASS A1.3%
25DANONE SA1.3%
26UNILEVER PLC1.3%
27SHELL PLC1.3%
28MUENCHENER RUECKVERSICHERUNGS-GESE1.3%
29DEUTSCHE BOERSE AG1.3%
30KONINKLIJKE KPN NV1.3%
31SWISSCOM AG1.3%
32SGS SA1.3%
33TELIA COMPANY1.3%
34TELE2 B1.2%
35MERCK1.2%
36SWISS RE AG1.2%
37GIVAUDAN SA1.2%
38DIAGEO PLC1.2%
39MICHELIN1.2%
40LONZA GROUP AG1.2%
41EQUINOR1.2%
42LOREAL SA1.2%
43ESSITY CLASS B1.1%
44ARGENX1.1%
45RELX PLC1.1%
46ALCON AG1.1%
47EUR CASH1.1%
48HENKEL AG1.1%
49TRYG1.0%
50AENA SME SA1.0%
51LONDON STOCK EXCHANGE GROUP PLC1.0%
52GLAXOSMITHKLINE0.9%
53TELENOR0.9%
54SAP0.9%
55TOTALENERGIES0.9%
56HALEON PLC0.9%
57THE SAGE GROUP PLC0.8%
58ENI0.8%
59CARLSBERG AS CL B0.8%
60ELISA0.8%
61ASTRAZENECA PLC0.8%
62ADMIRAL GROUP PLC0.8%
63ESSILORLUXOTTICA SA0.8%
64GETLINK0.8%
65SAINSBURY(J) PLC0.8%
66GALP ENERGIA SGPS SA CLASS B0.7%
67DASSAULT SYSTEMES0.7%
68NESTLE SA0.7%
69SCHINDLER HOLDING AG0.7%
70NOKIA0.7%
71UPM-KYMMENE0.7%
72GEA GROUP AG0.7%
73VERBUND AG0.6%
74ROCHE HOLDING AG0.6%
75SNAM0.6%
76AMADEUS IT GROUP SA0.6%
77SVENSKA CELLULOSA B0.6%
78SWISS LIFE HOLDING AG0.6%
79KONE0.6%
80BP PLC0.6%
81SONOVA HOLDING AG0.5%
82QIAGEN NV0.5%
83WOLTERS KLUWER NV0.5%
84DNB BANK0.4%
85COLOPLAST B0.4%
86KONINKLIJKE AHOLD DELHAIZE NV0.4%
87ORSTED A/S0.4%
88REDEIA CORPORACION SA0.4%
89TESCO PLC0.4%
90NOVO NORDISK CLASS B0.4%
91SVENSKA HANDELSBANKEN-A SHS0.4%
92RYANAIR HOLDINGS PLC0.4%
93HENKEL & KGAA PREF AG0.4%
94OMV AG0.3%
95HEINEKEN NV0.3%
96GENMAB0.3%
97NORDEA BANK0.3%
98VESTAS WIND SYSTEMS0.3%
99BUNZL0.3%
100ORANGE SA0.3%
101SANDVIK0.2%
102NESTE0.2%
103COMPASS GROUP PLC0.2%
104NOVOZYMES B0.2%
105DSV0.2%
106GEBERIT AG0.2%
107MONCLER0.2%
108GBP CASH0.2%
1093I GROUP PLC0.2%
110EDP ENERGIAS DE PORTUGAL SA0.2%
111PROSUS NV CLASS N0.2%
112E.ON N0.1%
113KONGSBERG GRUPPEN0.1%
114KINGFISHER PLC0.1%
115VONOVIA SE0.1%
116SANOFI SA0.1%
117EVOLUTION0.1%
118MAGNUM ICE CREAM NV0.1%
119KINGSPAN GROUP PLC0.1%
120KESKO CLASS B0.1%
121CASH COLLATERAL EUR HSBFT0.1%
122TERNA RETE ELETTRICA NAZIONALE0.1%
123SAAB CLASS B0.1%
124INFORMA PLC0.1%
125BC VAUD N0.1%
126PEARSON PLC0.1%
127IPSEN SA0.1%
128DERECHOS IBERDROLA S.A. SA0.0%
129NOK CASH0.0%
130CHF CASH0.0%
131DKK CASH0.0%
132SEK CASH0.0%
133USD CASH0.0%
134STOXX 600 UTIL SEP 260.0%
135STOXX 600 FOOD SEP 260.0%
136STOXX EUR 600 ESG-X SEP 260.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 27% of similar ETFs💰 All-in cost cheaper than 34%📈 Higher 1-yr return than 33%📈 Higher 3-yr return than 29%📈 Higher 5-yr return than 41%📊 Behind its category by 3.0% (1-yr) (category average +17.8%)📊 Behind its category by 2.4% (3-yr) (category average +12.6%)📊 Behind its category by 1.2% (5-yr) (category average +7.4%)

Versus the Equity (stocks) · Europe · EUR ETFs we track.

Advanced risk

1.36
Sortino (3y) ?
0.85
Calmar (3y) ?
6.9%
Downside deviation ?
67%
Up months (hit rate) ?
€9.04
52-week high ?
€7.70
52-week low ?

Concentration depth

~90 ?
Effective number of holdings

Roughly 136 companies are held, but the largest names carry most of the weight — so it behaves like ~90 equal-sized positions.

Tilt vs a world tracker

United States-72.1
Technology-24.3
Switzerland+15.7
United Kingdom+13.6
Consumer Staples+8.9
Germany+8.3

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Estimated fund flows

−€900,000
Estimated net flow, last month

Estimated from fund-size changes.

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Europe stocks
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Why it's similarThis is the fund on this page.
StocksAccumulatingCheaper fee
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StocksAccumulatingPhysicalCheaper fee
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StocksAccumulatingPhysicalCheaper fee
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StocksPhysicalCheaper fee
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Index trackedMSCI Europe Minimum VolatilityS&P 500 Daily Hedged Euro Net Total Return IndexS&P 500 Daily Hedged Euro Index Net TRS&P 500 Daily Hedged Euro Index Net TRSTOXX Europe 600 (Net Return) EURSTOXX Europe 600 (Net Return) EURSTOXX Europe 600 (Net Return) EUR
Yearly fee (TER)0.25%0.05%0.07%0.07%0.07%0.09%0.15%
All-in cost0.25%0.45%0.00%0.07%0.07%0.09%0.15%
Fund size€28.5M€50.6B€28.8B€28.4B€21.7B€21.7B€21.4B
DomicileIrelandIrelandLULULULULU
ReplicationPhysical (full)Synthetic (swap)Synthetic (swap)Synthetic (swap)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+10.3%+18.1%+18.4%
5-yr return p.a.+6.2%+9.8%+9.0%
# holdings1362821010613613613

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Data as of 2026-07-28 · Source: issuer data, compiled by Finance Hamster

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