84X0.DE vs. EUNM.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both Emerging Markets Equities funds from iShares - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while EUNM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 48.65% for EUNM.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
84X0.DE vs. EUNM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than EUNM.DE's 27.21% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNM.DE
- 1D
- -1.60%
- 1M
- 3.61%
- YTD
- 27.21%
- 6M
- 27.83%
- 1Y
- 48.65%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
84X0.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 3.47% |
Correlation
The correlation between 84X0.DE and EUNM.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.89 |
The correlation between 84X0.DE and EUNM.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. EUNM.DE — Risk / Return Rank
84X0.DE
EUNM.DE
84X0.DE vs. EUNM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) and iShares MSCI EM UCITS ETF (Acc) (EUNM.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.
| 84X0.DE | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.50 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 4.72 | +1.15 |
| Martin ratioReturn relative to average drawdown | 21.92 | 17.07 | +4.85 |
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
| 84X0.DE | EUNM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.78 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.39 | +1.38 |
Drawdowns
84X0.DE vs. EUNM.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and EUNM.DE.
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Drawdown Indicators
| 84X0.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -35.91% | +16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -10.46% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.86% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.61% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -10.55% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.90% | +0.23% |
Volatility
84X0.DE vs. EUNM.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) at 7.30%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier than EUNM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 84X0.DE | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.30% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 14.98% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 17.80% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 16.70% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 18.19% | -1.08% |
84X0.DE vs. EUNM.DE - Expense Ratio Comparison
Both 84X0.DE and EUNM.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
84X0.DE vs. EUNM.DE - Dividend Comparison
Neither 84X0.DE nor EUNM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 84X0.DE and EUNM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE and EUNM.DE have the same expense ratio: 0.18% per year.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while EUNM.DE tracks MSCI Emerging Markets.
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