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EUNI.DE vs. GACB.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUNI.DE vs. GACB.DE

Last updated Jun 5, 2026

EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and GACB.DE (Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)) are both Emerging Markets Equities funds - EUNI.DE tracks the MSCI Emerging Markets Small Cap while GACB.DE tracks the Goldman Sachs ActiveBeta Emerging Markets Equity. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. EUNI.DE charges 0.74%/yr vs 0.49%/yr for GACB.DE.

Performance

EUNI.DE vs. GACB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

EUNI.DE

1D
-0.41%
1M
-0.02%
YTD
16.80%
6M
15.58%
1Y
26.07%
3Y*
13.85%
5Y*
7.89%
10Y*
8.99%

GACB.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUNI.DE vs. GACB.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EUNI.DE
iShares MSCI Emerging Markets Small Cap UCITS ETF		16.80%6.21%8.18%19.10%-13.60%28.84%7.23%2.05%
GACB.DE
Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)		4.68%17.61%13.29%6.42%-14.91%7.63%1.70%2.23%

Correlation

The correlation between EUNI.DE and GACB.DE is 0.62, 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

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2019

0.77

The correlation between EUNI.DE and GACB.DE shifts across timeframes, from 0.62 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

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iShares MSCI Emerging Markets Small Cap UCITS ETF

Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)

Often compared with EUNI.DE:
EUNI.DE vs. AVEEEUNI.DE vs. SPYEUNI.DE vs. ISPA.DEEUNI.DE vs. DGSEUNI.DE vs. AW12.DEEUNI.DE vs. UEF5.DEEUNI.DE vs. H41E.DE
Often compared with GACB.DE:
GACB.DE vs. GACA.DEGACB.DE vs. ESRI.DEGACB.DE vs. AW12.DEGACB.DE vs. WTD8.DEGACB.DE vs. H41E.DEGACB.DE vs. EMXC.DEGACB.DE vs. EUNM.DE

Return for Risk

EUNI.DE vs. GACB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUNI.DE
EUNI.DE Risk / Return Rank: 5252
Overall Rank
EUNI.DE Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
EUNI.DE Sortino Ratio Rank: 4747
Sortino Ratio Rank
EUNI.DE Omega Ratio Rank: 4545
Omega Ratio Rank
EUNI.DE Calmar Ratio Rank: 6666
Calmar Ratio Rank
EUNI.DE Martin Ratio Rank: 6060
Martin Ratio Rank
GACB.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUNI.DE vs. GACB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.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.

EUNI.DEGACB.DEDifference
Sharpe ratioReturn per unit of total volatility
1.56

—

—

Sortino ratioReturn per unit of downside risk
2.29

—

—

Omega ratioGain probability vs. loss probability

1.28

—

—

Calmar ratioReturn relative to maximum drawdown

3.23

—

—

Martin ratioReturn relative to average drawdown

10.53

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUNI.DE vs. GACB.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EUNI.DEGACB.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.56

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

—

—

Drawdowns

EUNI.DE vs. GACB.DE - Drawdown Comparison

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Drawdown Indicators

EUNI.DEGACB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-41.89%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-21.15%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.15%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.89%

—

—

Current Drawdown

Current decline from peak

-2.54%

—

—

Average Drawdown

Average peak-to-trough decline

-10.57%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.44%

—

—

Volatility

EUNI.DE vs. GACB.DE - Volatility Comparison

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Volatility by Period

EUNI.DEGACB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.91%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

14.01%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.45%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.21%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.84%

—

—

EUNI.DE vs. GACB.DE - Expense Ratio Comparison

EUNI.DE has a 0.74% expense ratio, which is higher than GACB.DE's 0.49% expense ratio.

Dividends

EUNI.DE vs. GACB.DE - Dividend Comparison

EUNI.DE's dividend yield for the trailing twelve months is around 0.81%, while GACB.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
GACB.DE
Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (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%

Frequently Asked Questions

EUNI.DE and GACB.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GACB.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GACB.DE is cheaper with a 0.49% expense ratio, compared with 0.74% for EUNI.DE.

EUNI.DE tracks MSCI Emerging Markets Small Cap, while GACB.DE tracks Goldman Sachs ActiveBeta Emerging Markets Equity. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.74% for EUNI.DE and 0.49% for GACB.DE.

Portfolio Optimizer

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