ERNX.DE vs. EUNY.DE
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both exchange-traded funds - ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while EUNY.DE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 3 years, ERNX.DE returned 3.31%/yr vs 16.84%/yr for EUNY.DE. At a correlation of -0.02, they often move in opposite directions. ERNX.DE charges 0.09%/yr vs 0.65%/yr for EUNY.DE.
Performance
ERNX.DE vs. EUNY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ERNX.DE achieves a 0.90% return, which is significantly lower than EUNY.DE's 9.71% return.
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 0.90%
- 6M
- 0.90%
- 1Y
- 2.20%
- 3Y*
- 3.31%
- 5Y*
- —
- 10Y*
- —
EUNY.DE
- 1D
- -0.19%
- 1M
- -2.19%
- YTD
- 9.71%
- 6M
- 10.60%
- 1Y
- 24.21%
- 3Y*
- 16.84%
- 5Y*
- 4.94%
- 10Y*
- 7.01%
ERNX.DE vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.90% | 2.79% | 4.06% | 3.19% | 0.20% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 9.71% | 13.97% | 12.41% | 15.34% | -13.70% |
Correlation
The correlation between ERNX.DE and EUNY.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | -0.02 |
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Return for Risk
ERNX.DE vs. EUNY.DE — Risk / Return Rank
ERNX.DE
EUNY.DE
ERNX.DE vs. EUNY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and iShares Emerging Markets Dividend UCITS ETF (EUNY.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.
| ERNX.DE | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.35 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | 4.99 | +1.09 |
| Martin ratioReturn relative to average drawdown | 27.57 | 14.39 | +13.17 |
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Drawdowns
ERNX.DE vs. EUNY.DE - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.80%, smaller than the maximum EUNY.DE drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and EUNY.DE.
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Drawdown Indicators
| ERNX.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.80% | -50.11% | +49.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -4.83% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -15.70% | +15.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.29% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.32% | +4.32% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -20.31% | +20.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 1.68% | -1.60% |
Volatility
ERNX.DE vs. EUNY.DE - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.55%, while iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) has a volatility of 5.00%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNX.DE | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 5.00% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 10.24% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 12.48% | -11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.24% | 15.68% | -14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.24% | 16.71% | -15.47% |
ERNX.DE vs. EUNY.DE - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
ERNX.DE vs. EUNY.DE - Dividend Comparison
ERNX.DE has not paid dividends to shareholders, while EUNY.DE's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.14% | 5.83% | 7.71% | 8.05% | 9.57% | 6.35% | 5.09% | 5.58% | 5.64% | 4.10% | 4.36% | 6.39% |
Frequently Asked Questions
ERNX.DE and EUNY.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNX.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNX.DE is cheaper with a 0.09% expense ratio, compared with 0.65% for EUNY.DE.
ERNX.DE is categorized as Ultrashort Bond, while EUNY.DE is Emerging Markets Equities. ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. Their fees differ too: 0.09% for ERNX.DE and 0.65% for EUNY.DE.
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