EDMJ.DE vs. EUNN.DE
EDMJ.DE (iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds from iShares - EDMJ.DE tracks the MSCI Japan ESG Enhanced Focus while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 5 years, EDMJ.DE returned 9.20%/yr vs 9.85%/yr for EUNN.DE. With a 0.98 correlation, they move nearly in lockstep. EDMJ.DE charges 0.15%/yr vs 0.12%/yr for EUNN.DE.
Performance
EDMJ.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EDMJ.DE having a 16.26% return and EUNN.DE slightly higher at 16.53%.
EDMJ.DE
- 1D
- -0.37%
- 1M
- 5.26%
- YTD
- 16.26%
- 6M
- 16.64%
- 1Y
- 31.02%
- 3Y*
- 14.20%
- 5Y*
- 9.20%
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 5.77%
- YTD
- 16.53%
- 6M
- 16.83%
- 1Y
- 30.19%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
EDMJ.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDMJ.DE iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc | 16.26% | 12.89% | 10.91% | 15.92% | -13.20% | 9.60% | 5.87% | 12.14% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 10.32% |
Correlation
The correlation between EDMJ.DE and EUNN.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2019 | 0.98 |
The correlation between EDMJ.DE and EUNN.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
EDMJ.DE vs. EUNN.DE — Risk / Return Rank
EDMJ.DE
EUNN.DE
EDMJ.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.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.
| EDMJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.14 | -0.22 |
| Martin ratioReturn relative to average drawdown | 9.83 | 10.51 | -0.68 |
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
| EDMJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.67 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.61 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.53 | 0.00 |
Drawdowns
EDMJ.DE vs. EUNN.DE - Drawdown Comparison
The maximum EDMJ.DE drawdown since its inception was -27.95%, roughly equal to the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for EDMJ.DE and EUNN.DE.
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Drawdown Indicators
| EDMJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.95% | -28.55% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -9.58% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -15.81% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | -19.41% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.27% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -6.85% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.86% | +0.29% |
Volatility
EDMJ.DE vs. EUNN.DE - Volatility Comparison
iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.DE) has a higher volatility of 3.60% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that EDMJ.DE's price experiences larger fluctuations and is considered to be riskier 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
| EDMJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.16% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.23% | 14.53% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 17.97% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 16.04% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 16.08% | +1.44% |
EDMJ.DE vs. EUNN.DE - Expense Ratio Comparison
EDMJ.DE has a 0.15% 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
EDMJ.DE vs. EUNN.DE - Dividend Comparison
Neither EDMJ.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, EDMJ.DE and EUNN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.15% for EDMJ.DE.
EDMJ.DE tracks MSCI Japan ESG Enhanced Focus, while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.15% for EDMJ.DE and 0.12% for EUNN.DE.
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