84X0.DE vs. EUNZ.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds from iShares - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 22.13% for EUNZ.DE. A 0.77 correlation means they provide meaningful diversification when combined. 84X0.DE charges 0.18%/yr vs 0.40%/yr for EUNZ.DE.
Performance
84X0.DE vs. EUNZ.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 EUNZ.DE's 18.69% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
84X0.DE vs. EUNZ.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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 2.60% |
Correlation
The correlation between 84X0.DE and EUNZ.DE is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.77 |
The correlation between 84X0.DE and EUNZ.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. EUNZ.DE — Risk / Return Rank
84X0.DE
EUNZ.DE
84X0.DE vs. EUNZ.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 Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.35 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 3.00 | +2.88 |
| Martin ratioReturn relative to average drawdown | 21.92 | 10.57 | +11.36 |
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 | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 1.85 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.35 | +1.41 |
Drawdowns
84X0.DE vs. EUNZ.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and EUNZ.DE.
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Drawdown Indicators
| 84X0.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -30.47% | +10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -7.50% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -2.49% | -1.96% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -7.62% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.13% | +1.00% |
Volatility
84X0.DE vs. EUNZ.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 4.75% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 10.35% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 12.18% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 11.41% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 13.32% | +3.79% |
84X0.DE vs. EUNZ.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
84X0.DE vs. EUNZ.DE - Dividend Comparison
Neither 84X0.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
84X0.DE and EUNZ.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for EUNZ.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.18% for 84X0.DE and 0.40% for EUNZ.DE.
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