18M2.DE vs. EUN2.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while EUN2.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, 18M2.DE returned 8.26%/yr vs 10.53%/yr for EUN2.DE. A 0.74 correlation means they provide meaningful diversification when combined. 18M2.DE charges 0.30%/yr vs 0.10%/yr for EUN2.DE.
Performance
18M2.DE vs. EUN2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M2.DE achieves a 6.76% return, which is significantly lower than EUN2.DE's 7.12% return. Over the past 10 years, 18M2.DE has underperformed EUN2.DE with an annualized return of 8.26%, while EUN2.DE has yielded a comparatively higher 10.53% 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%
EUN2.DE
- 1D
- 0.76%
- 1M
- 4.55%
- YTD
- 7.12%
- 6M
- 8.58%
- 1Y
- 15.76%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
18M2.DE vs. EUN2.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% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 10.20% |
Correlation
The correlation between 18M2.DE and EUN2.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | 0.74 |
The correlation between 18M2.DE and EUN2.DE shifts across timeframes, from 0.73 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
18M2.DE vs. EUN2.DE — Risk / Return Rank
18M2.DE
EUN2.DE
18M2.DE vs. EUN2.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 Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.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 | EUN2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.43 | +1.12 |
| Martin ratioReturn relative to average drawdown | 6.71 | 4.86 | +1.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 18M2.DE | EUN2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.99 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.65 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.17 | +0.28 |
Drawdowns
18M2.DE vs. EUN2.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, smaller than the maximum EUN2.DE drawdown of -65.11%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and EUN2.DE.
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Drawdown Indicators
| 18M2.DE | EUN2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -65.11% | +28.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -10.98% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -16.46% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -23.30% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -38.35% | +1.29% |
Current DrawdownCurrent decline from peak | -1.44% | -0.57% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -19.35% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.24% | -0.88% |
Volatility
18M2.DE vs. EUN2.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.63%, while iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a volatility of 4.96%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than EUN2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | EUN2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.96% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 12.88% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 15.93% | -5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 17.46% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 18.23% | -2.79% |
18M2.DE vs. EUN2.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than EUN2.DE's 0.10% expense ratio.
Dividends
18M2.DE vs. EUN2.DE - Dividend Comparison
18M2.DE has not paid dividends to shareholders, while EUN2.DE's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
Frequently Asked Questions
18M2.DE and EUN2.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN2.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while EUN2.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for 18M2.DE and 0.10% for EUN2.DE.
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