DEAM.DE vs. EUNN.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 5 years, DEAM.DE returned -1.92%/yr vs 10.23%/yr for EUNN.DE. A 0.52 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.12%/yr for EUNN.DE.
Performance
DEAM.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.95% return, which is significantly lower than EUNN.DE's 19.71% return.
DEAM.DE
- 1D
- 0.61%
- 1M
- -2.26%
- YTD
- 3.95%
- 6M
- 5.04%
- 1Y
- 6.32%
- 3Y*
- 5.52%
- 5Y*
- -1.92%
- 10Y*
- —
EUNN.DE
- 1D
- 0.54%
- 1M
- 3.39%
- YTD
- 19.71%
- 6M
- 19.97%
- 1Y
- 37.65%
- 3Y*
- 17.53%
- 5Y*
- 10.23%
- 10Y*
- 9.52%
DEAM.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.95% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 19.71% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 17.22% |
Correlation
The correlation between DEAM.DE and EUNN.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.52 |
The correlation between DEAM.DE and EUNN.DE has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. EUNN.DE — Risk / Return Rank
DEAM.DE
EUNN.DE
DEAM.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DEAM.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.38 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.91 | -3.49 |
| Martin ratioReturn relative to average drawdown | 1.19 | 13.04 | -11.85 |
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Drawdowns
DEAM.DE vs. EUNN.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and EUNN.DE.
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Drawdown Indicators
| DEAM.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -28.56% | -11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -9.58% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -15.81% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -19.41% | -20.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.56% | — |
Current DrawdownCurrent decline from peak | -13.72% | -2.49% | -11.23% |
Average DrawdownAverage peak-to-trough decline | -16.21% | -6.84% | -9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 2.88% | +2.43% |
Volatility
DEAM.DE vs. EUNN.DE - Volatility Comparison
The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 5.05%, while iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a volatility of 5.61%. This indicates that DEAM.DE experiences smaller price fluctuations and is considered to be less risky than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEAM.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.61% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 15.36% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 18.63% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 16.20% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 16.10% | +3.48% |
DEAM.DE vs. EUNN.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DEAM.DE vs. EUNN.DE - Dividend Comparison
Neither DEAM.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and EUNN.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for DEAM.DE.
DEAM.DE is categorized as Europe Equities, while EUNN.DE is Japan Equities. DEAM.DE tracks MDAX®, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.12% for EUNN.DE.
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