EDM4.DE vs. EUN0.DE
EDM4.DE (iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds from iShares - EDM4.DE tracks the MSCI EMU ESG Enhanced Focus while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, EDM4.DE returned 9.91%/yr vs 7.36%/yr for EUN0.DE. A 0.72 correlation means they provide meaningful diversification when combined. EDM4.DE charges 0.12%/yr vs 0.25%/yr for EUN0.DE.
Performance
EDM4.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM4.DE achieves a 8.82% return, which is significantly higher than EUN0.DE's 5.60% return.
EDM4.DE
- 1D
- 0.51%
- 1M
- 2.53%
- YTD
- 8.82%
- 6M
- 10.65%
- 1Y
- 17.25%
- 3Y*
- 15.37%
- 5Y*
- 9.91%
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
EDM4.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDM4.DE iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc | 8.82% | 22.13% | 9.89% | 18.31% | -12.80% | 22.20% | 1.30% | 8.96% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 10.41% |
Correlation
The correlation between EDM4.DE and EUN0.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.72 |
The correlation between EDM4.DE and EUN0.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
EDM4.DE vs. EUN0.DE — Risk / Return Rank
EDM4.DE
EUN0.DE
EDM4.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| EDM4.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.76 | +0.85 |
| Martin ratioReturn relative to average drawdown | 5.81 | 1.97 | +3.84 |
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
| EDM4.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.62 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.66 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.63 | -0.06 |
Drawdowns
EDM4.DE vs. EUN0.DE - Drawdown Comparison
The maximum EDM4.DE drawdown since its inception was -35.27%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for EDM4.DE and EUN0.DE.
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Drawdown Indicators
| EDM4.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -30.68% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -7.16% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -10.73% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -19.64% | -5.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -0.39% | -3.12% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -4.69% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.76% | +0.24% |
Volatility
EDM4.DE vs. EUN0.DE - Volatility Comparison
iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) has a higher volatility of 4.75% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that EDM4.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDM4.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.03% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 7.20% | +5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 8.77% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 11.02% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 12.51% | +5.56% |
EDM4.DE vs. EUN0.DE - Expense Ratio Comparison
EDM4.DE has a 0.12% expense ratio, which is lower than EUN0.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EDM4.DE vs. EUN0.DE - Dividend Comparison
Neither EDM4.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
EDM4.DE and EUN0.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM4.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for EUN0.DE.
EDM4.DE tracks MSCI EMU ESG Enhanced Focus, while EUN0.DE tracks MSCI Europe Minimum Volatility. Their fees differ too: 0.12% for EDM4.DE and 0.25% for EUN0.DE.
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