EUNI.DE vs. VFEM.DE
EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) are both Emerging Markets Equities funds - EUNI.DE tracks the MSCI Emerging Markets Small Cap while VFEM.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EUNI.DE returned 7.89%/yr vs 6.01%/yr for VFEM.DE. Their correlation of 0.81 suggests significant overlap in exposure. EUNI.DE charges 0.74%/yr vs 0.22%/yr for VFEM.DE.
Performance
EUNI.DE vs. VFEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNI.DE achieves a 16.80% return, which is significantly higher than VFEM.DE's 12.66% return.
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%
VFEM.DE
- 1D
- -0.53%
- 1M
- 0.42%
- YTD
- 12.66%
- 6M
- 12.25%
- 1Y
- 26.20%
- 3Y*
- 15.05%
- 5Y*
- 6.01%
- 10Y*
- —
EUNI.DE vs. VFEM.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 | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 3.06% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.66% | 11.40% | 19.82% | 3.29% | -11.02% | 6.34% | 3.56% | 23.57% | -9.32% | 1.86% |
Correlation
The correlation between EUNI.DE and VFEM.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.81 |
The correlation between EUNI.DE and VFEM.DE has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
EUNI.DE vs. VFEM.DE — Risk / Return Rank
EUNI.DE
VFEM.DE
EUNI.DE vs. VFEM.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 Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.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.DE | VFEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.11 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.53 | 10.36 | +0.16 |
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
| EUNI.DE | VFEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.80 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.37 | +0.14 |
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 | 0.36 | +0.05 |
Drawdowns
EUNI.DE vs. VFEM.DE - Drawdown Comparison
The maximum EUNI.DE drawdown since its inception was -41.89%, which is greater than VFEM.DE's maximum drawdown of -31.59%. Use the drawdown chart below to compare losses from any high point for EUNI.DE and VFEM.DE.
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Drawdown Indicators
| EUNI.DE | VFEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -31.59% | -10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -8.49% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -18.56% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -20.11% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -1.73% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -8.24% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.55% | -0.11% |
Volatility
EUNI.DE vs. VFEM.DE - Volatility Comparison
iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) has a higher volatility of 6.91% compared to Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) at 5.44%. This indicates that EUNI.DE's price experiences larger fluctuations and is considered to be riskier than VFEM.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 | VFEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.44% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 11.70% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 14.69% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 15.93% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.20% | -1.36% |
EUNI.DE vs. VFEM.DE - Expense Ratio Comparison
EUNI.DE has a 0.74% expense ratio, which is higher than VFEM.DE's 0.22% expense ratio.
Dividends
EUNI.DE vs. VFEM.DE - Dividend Comparison
EUNI.DE's dividend yield for the trailing twelve months is around 0.81%, less than VFEM.DE's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 2.04% | 2.39% | 2.28% | 2.66% | 3.38% | 2.26% | 1.93% | 2.32% | 2.79% | 0.20% | 0.00% | 0.00% |
Frequently Asked Questions
EUNI.DE and VFEM.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEM.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEM.DE is cheaper with a 0.22% expense ratio, compared with 0.74% for EUNI.DE.
EUNI.DE tracks MSCI Emerging Markets Small Cap, while VFEM.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.74% for EUNI.DE and 0.22% for VFEM.DE.
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