EUNK.DE vs. UIMA.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) are both Europe Equities funds tracking the MSCI Europe, from iShares and UBS respectively. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.16%/yr vs 9.17%/yr for UIMA.DE. Their correlation of 0.94 suggests significant overlap in exposure. EUNK.DE charges 0.12%/yr vs 0.10%/yr for UIMA.DE.
Performance
EUNK.DE vs. UIMA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUNK.DE having a 7.32% return and UIMA.DE slightly higher at 7.64%. Both investments have delivered pretty close results over the past 10 years, with EUNK.DE having a 9.16% annualized return and UIMA.DE not far ahead at 9.17%.
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%
UIMA.DE
- 1D
- 0.62%
- 1M
- 3.43%
- YTD
- 7.64%
- 6M
- 9.99%
- 1Y
- 16.53%
- 3Y*
- 13.82%
- 5Y*
- 10.02%
- 10Y*
- 9.17%
EUNK.DE vs. UIMA.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% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 7.64% | 20.65% | 8.36% | 15.54% | -9.27% | 24.93% | -3.30% | 27.60% | -11.02% | 11.02% |
Correlation
The correlation between EUNK.DE and UIMA.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.94 |
The correlation between EUNK.DE and UIMA.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. UIMA.DE — Risk / Return Rank
EUNK.DE
UIMA.DE
EUNK.DE vs. UIMA.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 UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.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 | UIMA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.75 | -0.06 |
| Martin ratioReturn relative to average drawdown | 6.26 | 6.51 | -0.25 |
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 | UIMA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.29 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.70 | 0.00 |
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 | 0.49 | +0.03 |
Drawdowns
EUNK.DE vs. UIMA.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, roughly equal to the maximum UIMA.DE drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and UIMA.DE.
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Drawdown Indicators
| EUNK.DE | UIMA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -35.78% | +0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -9.42% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -16.25% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -19.42% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -35.78% | +0.33% |
Current DrawdownCurrent decline from peak | -1.68% | -1.50% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -5.66% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.53% | +0.04% |
Volatility
EUNK.DE vs. UIMA.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) have volatilities of 4.33% and 4.30%, 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 | UIMA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.30% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 10.54% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 12.75% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 14.19% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 15.57% | -0.08% |
EUNK.DE vs. UIMA.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is higher than UIMA.DE's 0.10% expense ratio. However, 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. UIMA.DE - Dividend Comparison
EUNK.DE has not paid dividends to shareholders, while UIMA.DE's dividend yield for the trailing twelve months is around 3.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 3.16% | 2.48% | 2.67% | 2.74% | 2.91% | 2.02% | 2.06% | 2.87% | 3.38% | 2.91% | 3.95% | 3.24% |
Frequently Asked Questions
With a correlation of 0.99, EUNK.DE and UIMA.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, UIMA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMA.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for EUNK.DE.
Both ETFs track MSCI Europe. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for EUNK.DE and 0.10% for UIMA.DE.
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