EUNK.DE vs. ETSZ.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both Europe Equities funds - EUNK.DE tracks the MSCI Europe while ETSZ.DE tracks the STOXX® Europe 600. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.16%/yr vs 9.16%/yr for ETSZ.DE. With a 0.98 correlation, they move nearly in lockstep. EUNK.DE charges 0.12%/yr vs 0.20%/yr for ETSZ.DE.
Performance
EUNK.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EUNK.DE having a 7.32% return and ETSZ.DE slightly lower at 7.24%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: EUNK.DE at 9.16% and ETSZ.DE at 9.16%.
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
ETSZ.DE
- 1D
- 0.59%
- 1M
- 0.81%
- YTD
- 7.24%
- 6M
- 9.81%
- 1Y
- 15.98%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
EUNK.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
Correlation
The correlation between EUNK.DE and ETSZ.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.98 |
The correlation between EUNK.DE and ETSZ.DE has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. ETSZ.DE — Risk / Return Rank
EUNK.DE
ETSZ.DE
EUNK.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| EUNK.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.72 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.26 | 6.45 | -0.19 |
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
| EUNK.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.26 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.66 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.52 | 0.00 |
Drawdowns
EUNK.DE vs. ETSZ.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, roughly equal to the maximum ETSZ.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and ETSZ.DE.
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Drawdown Indicators
| EUNK.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -35.51% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -9.39% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -16.35% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -20.55% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -35.51% | +0.06% |
Current DrawdownCurrent decline from peak | -1.68% | -1.70% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -5.41% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.51% | +0.06% |
Volatility
EUNK.DE vs. ETSZ.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) have volatilities of 4.33% and 4.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNK.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.34% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 10.64% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 12.84% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 14.39% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 15.54% | -0.05% |
EUNK.DE vs. ETSZ.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than ETSZ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNK.DE vs. ETSZ.DE - Dividend Comparison
Neither EUNK.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, EUNK.DE and ETSZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for ETSZ.DE.
EUNK.DE tracks MSCI Europe, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.12% for EUNK.DE and 0.20% for ETSZ.DE.
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