18M2.DE vs. EUN0.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, 18M2.DE returned 8.26%/yr vs 6.66%/yr for EUN0.DE. Their correlation of 0.81 suggests significant overlap in exposure. 18M2.DE charges 0.30%/yr vs 0.25%/yr for EUN0.DE.
Performance
18M2.DE vs. EUN0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 18M2.DE achieves a 6.76% return, which is significantly higher than EUN0.DE's 5.60% return. Over the past 10 years, 18M2.DE has outperformed EUN0.DE with an annualized return of 8.26%, while EUN0.DE has yielded a comparatively lower 6.66% annualized return.
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
18M2.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between 18M2.DE and EUN0.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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.81 |
The correlation between 18M2.DE and EUN0.DE has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
18M2.DE vs. EUN0.DE — Risk / Return Rank
18M2.DE
EUN0.DE
18M2.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| 18M2.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 0.76 | +1.79 |
| Martin ratioReturn relative to average drawdown | 6.71 | 1.97 | +4.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 18M2.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.62 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.66 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.63 | -0.19 |
Drawdowns
18M2.DE vs. EUN0.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and EUN0.DE.
Loading charts...
Drawdown Indicators
| 18M2.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -30.68% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -7.16% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -10.73% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -19.64% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -30.68% | -6.38% |
Current DrawdownCurrent decline from peak | -1.44% | -3.12% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -4.69% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.76% | -0.40% |
Volatility
18M2.DE vs. EUN0.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.63%, while iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) has a volatility of 3.03%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 18M2.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 3.03% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 7.20% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 8.77% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 11.02% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 12.51% | +2.93% |
18M2.DE vs. EUN0.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
18M2.DE vs. EUN0.DE - Dividend Comparison
Neither 18M2.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and EUN0.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, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for 18M2.DE and 0.25% for EUN0.DE.
Find the right allocation for 18M2.DE and EUN0.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer