EMNU.DE vs. AMED.DE
EMNU.DE (iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)) and AMED.DE (Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C)) are both Europe Equities funds - EMNU.DE tracks the MSCI Europe ESG Enhanced Focus while AMED.DE tracks the MSCI EMU ESG Leaders Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, EMNU.DE returned 8.68%/yr vs 10.41%/yr for AMED.DE. With a 0.95 correlation, they move nearly in lockstep. EMNU.DE charges 0.12%/yr vs 0.25%/yr for AMED.DE.
Performance
EMNU.DE vs. AMED.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNU.DE achieves a 7.48% return, which is significantly lower than AMED.DE's 16.87% return.
EMNU.DE
- 1D
- 0.54%
- 1M
- 1.25%
- YTD
- 7.48%
- 6M
- 10.15%
- 1Y
- 15.70%
- 3Y*
- 12.86%
- 5Y*
- 8.68%
- 10Y*
- —
AMED.DE
- 1D
- 0.51%
- 1M
- 5.71%
- YTD
- 16.87%
- 6M
- 18.51%
- 1Y
- 26.18%
- 3Y*
- 16.11%
- 5Y*
- 10.41%
- 10Y*
- 9.75%
EMNU.DE vs. AMED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNU.DE iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) | 7.48% | 17.95% | 7.97% | 15.57% | -12.29% | 25.49% | -1.40% | 11.32% |
AMED.DE Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) | 16.87% | 20.15% | 5.95% | 16.68% | -10.71% | 20.90% | -1.35% | 10.51% |
Correlation
The correlation between EMNU.DE and AMED.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.95 |
The correlation between EMNU.DE and AMED.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
EMNU.DE vs. AMED.DE — Risk / Return Rank
EMNU.DE
AMED.DE
EMNU.DE vs. AMED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EMNU.DE) and Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.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.
| EMNU.DE | AMED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.49 | -0.92 |
| Martin ratioReturn relative to average drawdown | 5.60 | 9.40 | -3.80 |
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
| EMNU.DE | AMED.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.74 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.65 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.47 | +0.11 |
Drawdowns
EMNU.DE vs. AMED.DE - Drawdown Comparison
The maximum EMNU.DE drawdown since its inception was -34.85%, smaller than the maximum AMED.DE drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for EMNU.DE and AMED.DE.
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Drawdown Indicators
| EMNU.DE | AMED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.85% | -38.35% | +3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -10.56% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -14.07% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -24.06% | +2.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.35% | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.17% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -6.69% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.81% | +0.01% |
Volatility
EMNU.DE vs. AMED.DE - Volatility Comparison
The current volatility for iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EMNU.DE) is 4.34%, while Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.DE) has a volatility of 5.61%. This indicates that EMNU.DE experiences smaller price fluctuations and is considered to be less risky than AMED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNU.DE | AMED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 5.61% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 12.64% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 15.19% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 15.87% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 17.00% | -0.41% |
EMNU.DE vs. AMED.DE - Expense Ratio Comparison
EMNU.DE has a 0.12% expense ratio, which is lower than AMED.DE's 0.25% 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
EMNU.DE vs. AMED.DE - Dividend Comparison
EMNU.DE's dividend yield for the trailing twelve months is around 2.40%, while AMED.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMED.DE Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMNU.DE iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) | 2.40% | 2.58% | 2.92% | 2.80% | 3.02% | 2.25% | 1.90% | 2.63% |
Frequently Asked Questions
With a correlation of 0.91, EMNU.DE and AMED.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, EMNU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNU.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for AMED.DE.
EMNU.DE tracks MSCI Europe ESG Enhanced Focus, while AMED.DE tracks MSCI EMU ESG Leaders Select 5% Issuer Capped. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EMNU.DE and 0.25% for AMED.DE.
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