EMNE.DE vs. SXR8.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB Index, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 13.73%/yr for SXR8.DE. A 0.57 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.07%/yr for SXR8.DE.
Performance
EMNE.DE vs. SXR8.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 SXR8.DE's 13.10% 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*
- —
SXR8.DE
- 1D
- 0.23%
- 1M
- 1.43%
- 6M
- 12.05%
- YTD
- 13.10%
- 1Y
- 23.52%
- 3Y*
- 19.30%
- 5Y*
- 13.73%
- 10Y*
- 14.52%
EMNE.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 13.10% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 19.43% |
Correlation
The correlation between EMNE.DE and SXR8.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.57 |
The correlation between EMNE.DE and SXR8.DE has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
EMNE.DE vs. SXR8.DE — Risk / Return Rank
EMNE.DE
SXR8.DE
EMNE.DE vs. SXR8.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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.37 | -1.54 |
| Martin ratioReturn relative to average drawdown | 6.80 | 11.97 | -5.17 |
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Drawdowns
EMNE.DE vs. SXR8.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and SXR8.DE.
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Drawdown Indicators
| EMNE.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -33.78% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -6.94% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -23.32% | +8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -23.32% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -2.07% | -0.18% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.19% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 1.96% | +0.99% |
Volatility
EMNE.DE vs. SXR8.DE - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.83% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.75%. This indicates that EMNE.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.75% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 7.92% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 11.87% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 15.20% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 16.07% | +3.92% |
EMNE.DE vs. SXR8.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is higher than SXR8.DE's 0.07% 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
EMNE.DE vs. SXR8.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNE.DE and SXR8.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for EMNE.DE.
EMNE.DE is categorized as Europe Equities, while SXR8.DE is S&P 500. EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.12% for EMNE.DE and 0.07% for SXR8.DE.
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