EUNJ.DE vs. SPYA.DE
EUNJ.DE (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and SPYA.DE (SPDR MSCI EM Asia UCITS ETF) are both Asia Pacific Equities funds - EUNJ.DE tracks the MSCI Pacific ex Japan while SPYA.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 10 years, EUNJ.DE returned 7.05%/yr vs 10.77%/yr for SPYA.DE. A 0.67 correlation means they provide meaningful diversification when combined. EUNJ.DE charges 0.60%/yr vs 0.55%/yr for SPYA.DE.
Performance
EUNJ.DE vs. SPYA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNJ.DE achieves a 8.50% return, which is significantly lower than SPYA.DE's 32.76% return. Over the past 10 years, EUNJ.DE has underperformed SPYA.DE with an annualized return of 7.05%, while SPYA.DE has yielded a comparatively higher 10.77% annualized return.
EUNJ.DE
- 1D
- -0.88%
- 1M
- 0.07%
- YTD
- 8.50%
- 6M
- 9.89%
- 1Y
- 13.18%
- 3Y*
- 9.84%
- 5Y*
- 5.36%
- 10Y*
- 7.05%
SPYA.DE
- 1D
- -1.79%
- 1M
- 7.19%
- YTD
- 32.76%
- 6M
- 34.22%
- 1Y
- 53.92%
- 3Y*
- 22.22%
- 5Y*
- 8.39%
- 10Y*
- 10.77%
EUNJ.DE vs. SPYA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 8.50% | 6.56% | 11.50% | 1.85% | -1.18% | 12.54% | -3.43% | 21.23% | -6.37% | 10.31% |
SPYA.DE SPDR MSCI EM Asia UCITS ETF | 32.76% | 17.77% | 17.39% | 3.14% | -16.02% | 1.17% | 15.21% | 21.30% | -11.35% | 25.30% |
Correlation
The correlation between EUNJ.DE and SPYA.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 | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.67 |
The correlation between EUNJ.DE and SPYA.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
EUNJ.DE vs. SPYA.DE — Risk / Return Rank
EUNJ.DE
SPYA.DE
EUNJ.DE vs. SPYA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) and SPDR MSCI EM Asia UCITS ETF (SPYA.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.
| EUNJ.DE | SPYA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.49 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 4.82 | -2.68 |
| Martin ratioReturn relative to average drawdown | 6.18 | 16.86 | -10.68 |
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
| EUNJ.DE | SPYA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 2.80 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.45 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.58 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.45 | -0.10 |
Drawdowns
EUNJ.DE vs. SPYA.DE - Drawdown Comparison
The maximum EUNJ.DE drawdown since its inception was -36.95%, roughly equal to the maximum SPYA.DE drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for EUNJ.DE and SPYA.DE.
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Drawdown Indicators
| EUNJ.DE | SPYA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -35.34% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -11.13% | +5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.39% | -21.39% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -29.31% | +8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -33.85% | -3.10% |
Current DrawdownCurrent decline from peak | -2.02% | -2.98% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -10.94% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.19% | -1.06% |
Volatility
EUNJ.DE vs. SPYA.DE - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) is 3.04%, while SPDR MSCI EM Asia UCITS ETF (SPYA.DE) has a volatility of 8.10%. This indicates that EUNJ.DE experiences smaller price fluctuations and is considered to be less risky than SPYA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNJ.DE | SPYA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 8.10% | -5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 16.09% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 19.17% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 18.38% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 19.19% | -2.65% |
EUNJ.DE vs. SPYA.DE - Expense Ratio Comparison
EUNJ.DE has a 0.60% expense ratio, which is higher than SPYA.DE's 0.55% expense ratio.
Dividends
EUNJ.DE vs. SPYA.DE - Dividend Comparison
EUNJ.DE's dividend yield for the trailing twelve months is around 2.46%, while SPYA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 2.46% | 2.95% | 3.35% | 3.56% | 3.92% | 2.79% | 2.64% | 3.52% | 3.78% | 3.41% | 3.31% | 3.34% |
SPYA.DE SPDR MSCI EM Asia 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% |
Frequently Asked Questions
EUNJ.DE and SPYA.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, SPYA.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYA.DE is cheaper with a 0.55% expense ratio, compared with 0.60% for EUNJ.DE.
EUNJ.DE tracks MSCI Pacific ex Japan, while SPYA.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: iShares and State Street. Their fees differ too: 0.60% for EUNJ.DE and 0.55% for SPYA.DE.
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