EMNE.DE vs. EHF1.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 12.34%/yr for EHF1.DE. A 0.65 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.23%/yr for EHF1.DE.
Performance
EMNE.DE vs. EHF1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EMNE.DE having a 10.66% return and EHF1.DE slightly higher at 11.13%.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
EHF1.DE
- 1D
- 0.33%
- 1M
- 3.83%
- 6M
- 10.19%
- YTD
- 11.13%
- 1Y
- 20.18%
- 3Y*
- 15.98%
- 5Y*
- 12.34%
- 10Y*
- 9.17%
EMNE.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 11.13% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 13.93% |
Correlation
The correlation between EMNE.DE and EHF1.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.65 |
The correlation between EMNE.DE and EHF1.DE shifts across timeframes, from 0.53 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMNE.DE vs. EHF1.DE — Risk / Return Rank
EMNE.DE
EHF1.DE
EMNE.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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.
| EMNE.DE | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.22 | -1.39 |
| Martin ratioReturn relative to average drawdown | 6.80 | 8.94 | -2.14 |
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Drawdowns
EMNE.DE vs. EHF1.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and EHF1.DE.
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Drawdown Indicators
| EMNE.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -38.13% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -6.24% | -4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -12.89% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -15.64% | -9.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.13% | — |
Current DrawdownCurrent decline from peak | -2.07% | -0.16% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.93% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.25% | +0.70% |
Volatility
EMNE.DE vs. EHF1.DE - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.83% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.48%. This indicates that EMNE.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNE.DE | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.48% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 8.51% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 10.46% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 12.29% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 14.61% | +5.38% |
EMNE.DE vs. EHF1.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than EHF1.DE's 0.23% 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
EMNE.DE vs. EHF1.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while EHF1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
Frequently Asked Questions
EMNE.DE and EHF1.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.23% for EHF1.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EMNE.DE and 0.23% for EHF1.DE.
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