EMKX.DE vs. EUNZ.DE
EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - EMKX.DE tracks the MSCI Emerging Markets ESG Filtered Min TE while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, EMKX.DE returned 7.82%/yr vs 6.48%/yr for EUNZ.DE. Their correlation of 0.89 suggests significant overlap in exposure. EMKX.DE charges 0.26%/yr vs 0.40%/yr for EUNZ.DE.
Performance
EMKX.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMKX.DE achieves a 26.91% return, which is significantly higher than EUNZ.DE's 18.69% return.
EMKX.DE
- 1D
- -1.49%
- 1M
- 3.66%
- YTD
- 26.91%
- 6M
- 27.47%
- 1Y
- 47.96%
- 3Y*
- 20.45%
- 5Y*
- 7.82%
- 10Y*
- —
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%
EMKX.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 26.91% | 18.66% | 14.62% | 4.95% | -15.64% | 4.35% | 6.78% | 21.85% | -11.58% | 19.87% |
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 EMKX.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.89 |
The correlation between EMKX.DE and EUNZ.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
EMKX.DE vs. EUNZ.DE — Risk / Return Rank
EMKX.DE
EUNZ.DE
EMKX.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.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.
| EMKX.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 3.00 | +1.44 |
| Martin ratioReturn relative to average drawdown | 16.29 | 10.57 | +5.73 |
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
| EMKX.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.85 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.56 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.35 | +0.13 |
Drawdowns
EMKX.DE vs. EUNZ.DE - Drawdown Comparison
The maximum EMKX.DE drawdown since its inception was -31.68%, roughly equal to the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for EMKX.DE and EUNZ.DE.
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Drawdown Indicators
| EMKX.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.68% | -30.47% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -7.50% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -14.00% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -14.00% | -11.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -2.57% | -1.96% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -7.62% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.13% | +0.86% |
Volatility
EMKX.DE vs. EUNZ.DE - Volatility Comparison
BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) has a higher volatility of 7.51% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that EMKX.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
| EMKX.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 4.75% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 10.35% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 12.18% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 11.41% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 13.32% | +4.98% |
EMKX.DE vs. EUNZ.DE - Expense Ratio Comparison
EMKX.DE has a 0.26% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
EMKX.DE vs. EUNZ.DE - Dividend Comparison
Neither EMKX.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
EMKX.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, EMKX.DE is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMKX.DE is cheaper with a 0.26% expense ratio, compared with 0.40% for EUNZ.DE.
EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.26% for EMKX.DE and 0.40% for EUNZ.DE.
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