EUNI.DE vs. IQQE.DE
EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and IQQE.DE (iShares MSCI EM UCITS ETF (Dist)) are both Emerging Markets Equities funds from iShares - EUNI.DE tracks the MSCI Emerging Markets Small Cap while IQQE.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, EUNI.DE returned 7.72%/yr vs 8.15%/yr for IQQE.DE. Their correlation of 0.84 suggests significant overlap in exposure. EUNI.DE charges 0.74%/yr vs 0.18%/yr for IQQE.DE.
Performance
EUNI.DE vs. IQQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNI.DE achieves a 10.09% return, which is significantly lower than IQQE.DE's 18.67% return. Over the past 10 years, EUNI.DE has underperformed IQQE.DE with an annualized return of 7.72%, while IQQE.DE has yielded a comparatively higher 8.15% annualized return.
EUNI.DE
- 1D
- -1.43%
- 1M
- -6.33%
- 6M
- 6.02%
- YTD
- 10.09%
- 1Y
- 13.86%
- 3Y*
- 10.97%
- 5Y*
- 5.85%
- 10Y*
- 7.72%
IQQE.DE
- 1D
- -2.05%
- 1M
- -8.59%
- 6M
- 11.50%
- YTD
- 18.67%
- 1Y
- 32.79%
- 3Y*
- 18.16%
- 5Y*
- 7.00%
- 10Y*
- 8.15%
EUNI.DE vs. IQQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 10.09% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 18.31% |
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 18.67% | 19.78% | 13.75% | 5.62% | -14.16% | 4.19% | 7.48% | 20.27% | -11.32% | 19.91% |
Correlation
The correlation between EUNI.DE and IQQE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2009 | 0.84 |
The correlation between EUNI.DE and IQQE.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
EUNI.DE vs. IQQE.DE — Risk / Return Rank
EUNI.DE
IQQE.DE
EUNI.DE vs. IQQE.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 iShares MSCI EM UCITS ETF (Dist) (IQQE.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.
| EUNI.DE | IQQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.84 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.70 | 8.99 | -4.28 |
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Drawdowns
EUNI.DE vs. IQQE.DE - Drawdown Comparison
The maximum EUNI.DE drawdown since its inception was -41.88%, smaller than the maximum IQQE.DE drawdown of -59.91%. Use the drawdown chart below to compare losses from any high point for EUNI.DE and IQQE.DE.
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Drawdown Indicators
| EUNI.DE | IQQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.88% | -59.91% | +18.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -11.49% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -19.42% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -22.94% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | -31.68% | -10.20% |
Current DrawdownCurrent decline from peak | -8.29% | -11.49% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -13.04% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.64% | -0.70% |
Volatility
EUNI.DE vs. IQQE.DE - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) is 7.38%, while iShares MSCI EM UCITS ETF (Dist) (IQQE.DE) has a volatility of 8.56%. This indicates that EUNI.DE experiences smaller price fluctuations and is considered to be less risky than IQQE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNI.DE | IQQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 8.56% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 17.87% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 20.30% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 17.32% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 18.48% | -1.50% |
EUNI.DE vs. IQQE.DE - Expense Ratio Comparison
EUNI.DE has a 0.74% expense ratio, which is higher than IQQE.DE's 0.18% expense ratio.
Dividends
EUNI.DE vs. IQQE.DE - Dividend Comparison
EUNI.DE's dividend yield for the trailing twelve months is around 1.04%, less than IQQE.DE's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.04% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 1.59% | 1.87% | 2.19% | 2.34% | 2.92% | 1.99% | 1.53% | 1.76% | 1.94% | 1.42% | 1.61% | 2.23% |
Frequently Asked Questions
EUNI.DE and IQQE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQE.DE is cheaper with a 0.18% expense ratio, compared with 0.74% for EUNI.DE.
EUNI.DE tracks MSCI Emerging Markets Small Cap, while IQQE.DE tracks MSCI Emerging Markets. Their fees differ too: 0.74% for EUNI.DE and 0.18% for IQQE.DE.
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