EUN0.DE vs. B41J.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) are both Europe Equities funds - EUN0.DE tracks the MSCI Europe Minimum Volatility while B41J.DE tracks the Mirae Asset European Infrastructure Development Index. Both are passively managed. Over the past year, EUN0.DE returned 5.26% vs 8.67% for B41J.DE. A 0.63 correlation means they provide meaningful diversification when combined. EUN0.DE charges 0.25%/yr vs 0.47%/yr for B41J.DE.
Performance
EUN0.DE vs. B41J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 5.60% return, which is significantly lower than B41J.DE's 7.25% return.
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
B41J.DE
- 1D
- 0.02%
- 1M
- -2.78%
- YTD
- 7.25%
- 6M
- 8.50%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUN0.DE vs. B41J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | -1.72% |
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
Correlation
The correlation between EUN0.DE and B41J.DE is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.63 |
The correlation between EUN0.DE and B41J.DE has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
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Return for Risk
EUN0.DE vs. B41J.DE — Risk / Return Rank
EUN0.DE
B41J.DE
EUN0.DE vs. B41J.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) and Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.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.
| EUN0.DE | B41J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.94 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.97 | 2.70 | -0.72 |
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
| EUN0.DE | B41J.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.58 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.12 | -0.49 |
Drawdowns
EUN0.DE vs. B41J.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, which is greater than B41J.DE's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and B41J.DE.
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Drawdown Indicators
| EUN0.DE | B41J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -12.00% | -18.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -9.34% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | — | — |
Current DrawdownCurrent decline from peak | -3.12% | -4.55% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -2.45% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.24% | -0.48% |
Volatility
EUN0.DE vs. B41J.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) is 3.03%, while Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) has a volatility of 4.95%. This indicates that EUN0.DE experiences smaller price fluctuations and is considered to be less risky than B41J.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN0.DE | B41J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 4.95% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 12.73% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 15.27% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 16.11% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 16.11% | -3.60% |
EUN0.DE vs. B41J.DE - Expense Ratio Comparison
EUN0.DE has a 0.25% expense ratio, which is lower than B41J.DE's 0.47% expense ratio.
Dividends
EUN0.DE vs. B41J.DE - Dividend Comparison
Neither EUN0.DE nor B41J.DE has paid dividends to shareholders.
Frequently Asked Questions
EUN0.DE and B41J.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.47% for B41J.DE.
EUN0.DE tracks MSCI Europe Minimum Volatility, while B41J.DE tracks Mirae Asset European Infrastructure Development Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.25% for EUN0.DE and 0.47% for B41J.DE.
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