EUN0.DE vs. S6X0.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds - EUN0.DE tracks the MSCI Europe Minimum Volatility while S6X0.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 10 years, EUN0.DE returned 7.39%/yr vs 11.50%/yr for S6X0.DE. Their correlation of 0.81 suggests significant overlap in exposure. EUN0.DE charges 0.25%/yr vs 0.05%/yr for S6X0.DE.
Performance
EUN0.DE vs. S6X0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 7.42% return, which is significantly lower than S6X0.DE's 9.45% return. Over the past 10 years, EUN0.DE has underperformed S6X0.DE with an annualized return of 7.39%, while S6X0.DE has yielded a comparatively higher 11.50% annualized return.
EUN0.DE
- 1D
- -0.01%
- 1M
- 0.71%
- YTD
- 7.42%
- 6M
- 7.82%
- 1Y
- 10.67%
- 3Y*
- 11.66%
- 5Y*
- 7.18%
- 10Y*
- 7.39%
S6X0.DE
- 1D
- -0.73%
- 1M
- 2.60%
- YTD
- 9.45%
- 6M
- 10.38%
- 1Y
- 21.57%
- 3Y*
- 16.10%
- 5Y*
- 11.63%
- 10Y*
- 11.50%
EUN0.DE vs. S6X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 7.42% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -4.36% | 9.14% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 9.45% | 22.02% | 10.94% | 22.43% | -9.00% | 23.10% | -2.98% | 29.97% | -12.04% | 10.08% |
Correlation
The correlation between EUN0.DE and S6X0.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 | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2013 | 0.81 |
Over the past year, the correlation between EUN0.DE and S6X0.DE has dropped to 0.60 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
EUN0.DE vs. S6X0.DE — Risk / Return Rank
EUN0.DE
S6X0.DE
EUN0.DE vs. S6X0.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 Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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.
| EUN0.DE | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.98 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.58 | 6.86 | -2.28 |
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Drawdowns
EUN0.DE vs. S6X0.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, smaller than the maximum S6X0.DE drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and S6X0.DE.
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Drawdown Indicators
| EUN0.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -38.54% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -10.88% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -16.56% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -23.41% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -38.54% | +7.86% |
Current DrawdownCurrent decline from peak | -1.45% | -1.56% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -7.69% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 3.14% | -0.82% |
Volatility
EUN0.DE vs. S6X0.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) is 1.79%, while Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) has a volatility of 3.66%. This indicates that EUN0.DE experiences smaller price fluctuations and is considered to be less risky than S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 3.66% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 13.16% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 15.93% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 17.52% | -6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.28% | 17.98% | -5.70% |
EUN0.DE vs. S6X0.DE - Expense Ratio Comparison
EUN0.DE has a 0.25% expense ratio, which is higher than S6X0.DE's 0.05% 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
EUN0.DE vs. S6X0.DE - Dividend Comparison
EUN0.DE has not paid dividends to shareholders, while S6X0.DE's dividend yield for the trailing twelve months is around 2.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.78% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.49% | 3.69% | 2.99% | 3.17% | 3.05% |
Frequently Asked Questions
EUN0.DE and S6X0.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, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for EUN0.DE.
EUN0.DE tracks MSCI Europe Minimum Volatility, while S6X0.DE tracks EURO STOXX 50. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for EUN0.DE and 0.05% for S6X0.DE.
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