AE5A.DE vs. EUNZ.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - AE5A.DE tracks the MSCI Emerging Markets Index while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, AE5A.DE returned 9.98%/yr vs 6.20%/yr for EUNZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. AE5A.DE charges 0.14%/yr vs 0.40%/yr for EUNZ.DE.
Performance
AE5A.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5A.DE achieves a 27.41% return, which is significantly higher than EUNZ.DE's 18.69% return. Over the past 10 years, AE5A.DE has outperformed EUNZ.DE with an annualized return of 9.98%, while EUNZ.DE has yielded a comparatively lower 6.20% annualized return.
AE5A.DE
- 1D
- -1.54%
- 1M
- 3.57%
- YTD
- 27.41%
- 6M
- 28.14%
- 1Y
- 48.94%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
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%
AE5A.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 7.49% | 21.04% | -11.21% | 20.83% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 11.39% |
Correlation
The correlation between AE5A.DE and EUNZ.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.91 |
The correlation between AE5A.DE and EUNZ.DE has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
AE5A.DE vs. EUNZ.DE — Risk / Return Rank
AE5A.DE
EUNZ.DE
AE5A.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| AE5A.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.35 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.00 | +1.80 |
| Martin ratioReturn relative to average drawdown | 17.35 | 10.57 | +6.79 |
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
| AE5A.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 1.85 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.56 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.46 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.35 | +0.07 |
Drawdowns
AE5A.DE vs. EUNZ.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -36.16%, which is greater than EUNZ.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and EUNZ.DE.
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Drawdown Indicators
| AE5A.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -30.47% | -5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -7.50% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -14.00% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | -14.00% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -32.24% | -26.15% | -6.09% |
Current DrawdownCurrent decline from peak | -2.56% | -1.96% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -7.62% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.13% | +0.74% |
Volatility
AE5A.DE vs. EUNZ.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a higher volatility of 7.32% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that AE5A.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
| AE5A.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 4.75% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 10.35% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 12.18% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 11.41% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 13.32% | +5.73% |
AE5A.DE vs. EUNZ.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
AE5A.DE vs. EUNZ.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.69%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AE5A.DE and EUNZ.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.40% for EUNZ.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for AE5A.DE and 0.40% for EUNZ.DE.
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