EUNK.DE vs. MVEE.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds from iShares - EUNK.DE tracks the MSCI Europe while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EUNK.DE returned 9.96%/yr vs 6.16%/yr for MVEE.DE. Their correlation of 0.91 suggests significant overlap in exposure. EUNK.DE charges 0.12%/yr vs 0.25%/yr for MVEE.DE.
Performance
EUNK.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNK.DE achieves a 7.32% return, which is significantly higher than MVEE.DE's 5.59% return.
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%
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 10Y*
- —
EUNK.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | 22.56% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
Correlation
The correlation between EUNK.DE and MVEE.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.91 |
The correlation between EUNK.DE and MVEE.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. MVEE.DE — Risk / Return Rank
EUNK.DE
MVEE.DE
EUNK.DE vs. MVEE.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 iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.71 | +0.98 |
| Martin ratioReturn relative to average drawdown | 6.26 | 1.87 | +4.39 |
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 | MVEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.55 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.50 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.71 | -0.19 |
Drawdowns
EUNK.DE vs. MVEE.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, which is greater than MVEE.DE's maximum drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and MVEE.DE.
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Drawdown Indicators
| EUNK.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -20.20% | -15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -7.73% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -12.13% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -20.20% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -2.23% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -4.57% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.92% | -0.35% |
Volatility
EUNK.DE vs. MVEE.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a higher volatility of 4.33% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 3.51%. This indicates that EUNK.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNK.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.51% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 8.16% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 10.01% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 12.11% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 12.45% | +3.04% |
EUNK.DE vs. MVEE.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than MVEE.DE's 0.25% 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. MVEE.DE - Dividend Comparison
Neither EUNK.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNK.DE and MVEE.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for MVEE.DE.
EUNK.DE tracks MSCI Europe, while MVEE.DE tracks MSCI Europe NR EUR. Their fees differ too: 0.12% for EUNK.DE and 0.25% for MVEE.DE.
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