EMNE.DE vs. EXXX.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds from iShares - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 17.90%/yr for EXXX.DE. A 0.66 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.32%/yr for EXXX.DE.
Performance
EMNE.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNE.DE achieves a 10.66% return, which is significantly lower than EXXX.DE's 24.87% return.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
EMNE.DE vs. EXXX.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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 10.76% |
Correlation
The correlation between EMNE.DE and EXXX.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.66 |
The correlation between EMNE.DE and EXXX.DE shifts across timeframes, from 0.66 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNE.DE vs. EXXX.DE — Risk / Return Rank
EMNE.DE
EXXX.DE
EMNE.DE vs. EXXX.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 iShares ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.47 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.53 | -2.69 |
| Martin ratioReturn relative to average drawdown | 6.80 | 15.24 | -8.44 |
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Drawdowns
EMNE.DE vs. EXXX.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and EXXX.DE.
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Drawdown Indicators
| EMNE.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -71.43% | +37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -10.71% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -16.11% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -32.69% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.90% | — |
Current DrawdownCurrent decline from peak | -2.07% | -1.64% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -28.46% | +23.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.19% | -0.24% |
Volatility
EMNE.DE vs. EXXX.DE - Volatility Comparison
The current volatility for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) is 3.83%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that EMNE.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 5.00% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 14.65% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 17.46% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 19.14% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 19.93% | +0.06% |
EMNE.DE vs. EXXX.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
EMNE.DE vs. EXXX.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, less than EXXX.DE's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
EMNE.DE and EXXX.DE have a correlation of 0.77, 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 0.32% for EXXX.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while EXXX.DE tracks ATX Index. Their fees differ too: 0.12% for EMNE.DE and 0.32% for EXXX.DE.
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