AYEW.DE vs. EUNM.DE
AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - AYEW.DE is a Technology Equities fund tracking the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, AYEW.DE returned 21.48%/yr vs 8.41%/yr for EUNM.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
AYEW.DE vs. EUNM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEW.DE achieves a 24.61% return, which is significantly lower than EUNM.DE's 27.21% return.
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
EUNM.DE
- 1D
- -1.60%
- 1M
- 5.96%
- YTD
- 27.21%
- 6M
- 29.18%
- 1Y
- 49.64%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
AYEW.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 5.71% | -14.47% | 4.68% | 6.84% | 8.74% |
Correlation
The correlation between AYEW.DE and EUNM.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.61 |
The correlation between AYEW.DE and EUNM.DE shifts across timeframes, from 0.58 (5 years) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AYEW.DE vs. EUNM.DE — Risk / Return Rank
AYEW.DE
EUNM.DE
AYEW.DE vs. EUNM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| AYEW.DE | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.72 | -1.71 |
| Martin ratioReturn relative to average drawdown | 8.00 | 17.07 | -9.07 |
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
| AYEW.DE | EUNM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.78 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.50 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.39 | +0.63 |
Drawdowns
AYEW.DE vs. EUNM.DE - Drawdown Comparison
The maximum AYEW.DE drawdown since its inception was -31.36%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for AYEW.DE and EUNM.DE.
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Drawdown Indicators
| AYEW.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -35.91% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -10.46% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.01% | -19.01% | -10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -23.62% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.86% | — |
Current DrawdownCurrent decline from peak | -2.13% | -2.61% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -10.55% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 2.90% | +2.74% |
Volatility
AYEW.DE vs. EUNM.DE - Volatility Comparison
The current volatility for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) is 6.77%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 7.30%. This indicates that AYEW.DE experiences smaller price fluctuations and is considered to be less risky 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
| AYEW.DE | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 7.30% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 14.98% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 17.80% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 16.70% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 18.19% | +5.29% |
AYEW.DE vs. EUNM.DE - Expense Ratio Comparison
Both AYEW.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
AYEW.DE vs. EUNM.DE - Dividend Comparison
AYEW.DE's dividend yield for the trailing twelve months is around 0.25%, while EUNM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AYEW.DE and EUNM.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE and EUNM.DE have the same expense ratio: 0.18% per year.
AYEW.DE is categorized as Technology Equities, while EUNM.DE is Emerging Markets Equities. AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while EUNM.DE tracks MSCI Emerging Markets.
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