EMXC.DE vs. EUNI.DE
EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - EMXC.DE tracks the MSCI EM NR USD while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 5 years, EMXC.DE returned 13.66%/yr vs 7.89%/yr for EUNI.DE. A 0.80 correlation means they provide meaningful diversification when combined. EMXC.DE charges 0.15%/yr vs 0.74%/yr for EUNI.DE.
Performance
EMXC.DE vs. EUNI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC.DE achieves a 40.23% return, which is significantly higher than EUNI.DE's 16.80% return.
EMXC.DE
- 1D
- -1.80%
- 1M
- 8.39%
- YTD
- 40.23%
- 6M
- 44.14%
- 1Y
- 69.02%
- 3Y*
- 25.05%
- 5Y*
- 13.66%
- 10Y*
- —
EUNI.DE
- 1D
- -0.41%
- 1M
- 0.36%
- YTD
- 16.80%
- 6M
- 16.35%
- 1Y
- 25.77%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
EMXC.DE vs. EUNI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 40.23% | 19.92% | 9.13% | 14.33% | -13.60% | 17.56% | 2.27% | 6.14% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 4.01% |
Correlation
The correlation between EMXC.DE and EUNI.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | 0.80 |
The correlation between EMXC.DE and EUNI.DE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
EMXC.DE vs. EUNI.DE — Risk / Return Rank
EMXC.DE
EUNI.DE
EMXC.DE vs. EUNI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) and iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.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.
| EMXC.DE | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.28 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.78 | 3.23 | +2.56 |
| Martin ratioReturn relative to average drawdown | 21.97 | 10.53 | +11.44 |
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
| EMXC.DE | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 1.56 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.51 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.41 | +0.28 |
Drawdowns
EMXC.DE vs. EUNI.DE - Drawdown Comparison
The maximum EMXC.DE drawdown since its inception was -38.77%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for EMXC.DE and EUNI.DE.
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Drawdown Indicators
| EMXC.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -41.89% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -7.95% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.48% | -21.15% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -21.15% | +0.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.89% | — |
Current DrawdownCurrent decline from peak | -2.53% | -2.54% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -10.57% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.44% | +0.69% |
Volatility
EMXC.DE vs. EUNI.DE - Volatility Comparison
Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a higher volatility of 8.44% compared to iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) at 6.91%. This indicates that EMXC.DE's price experiences larger fluctuations and is considered to be riskier than EUNI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC.DE | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 6.91% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.23% | 14.01% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 16.45% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 15.21% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 16.84% | +1.66% |
EMXC.DE vs. EUNI.DE - Expense Ratio Comparison
EMXC.DE has a 0.15% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
EMXC.DE vs. EUNI.DE - Dividend Comparison
EMXC.DE has not paid dividends to shareholders, while EUNI.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
Frequently Asked Questions
EMXC.DE and EUNI.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.74% for EUNI.DE.
EMXC.DE tracks MSCI EM NR USD, while EUNI.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for EMXC.DE and 0.74% for EUNI.DE.
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