EUNM.DE vs. AYEW.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while AYEW.DE is a Technology Equities fund tracking the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 5 years, EUNM.DE returned 8.41%/yr vs 21.48%/yr for AYEW.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
EUNM.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNM.DE achieves a 27.21% return, which is significantly higher than AYEW.DE's 24.61% return.
EUNM.DE
- 1D
- -1.60%
- 1M
- 3.61%
- YTD
- 27.21%
- 6M
- 27.83%
- 1Y
- 48.65%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
AYEW.DE
- 1D
- -1.67%
- 1M
- 13.12%
- YTD
- 24.61%
- 6M
- 22.76%
- 1Y
- 44.30%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
EUNM.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 5.71% | -14.47% | 4.68% | 6.84% | 8.74% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
Correlation
The correlation between EUNM.DE and AYEW.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.61 |
The correlation between EUNM.DE and AYEW.DE shifts across timeframes, from 0.58 (5 years) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNM.DE vs. AYEW.DE — Risk / Return Rank
EUNM.DE
AYEW.DE
EUNM.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| EUNM.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 3.01 | +1.71 |
| Martin ratioReturn relative to average drawdown | 17.07 | 8.00 | +9.07 |
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
| EUNM.DE | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.26 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.93 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.02 | -0.63 |
Drawdowns
EUNM.DE vs. AYEW.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, which is greater than AYEW.DE's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and AYEW.DE.
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Drawdown Indicators
| EUNM.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -31.36% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | -14.98% | +4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -29.01% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -30.10% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -31.86% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | -2.13% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -7.74% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 5.64% | -2.74% |
Volatility
EUNM.DE vs. AYEW.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.30% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNM.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.77% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 14.89% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 19.98% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 22.77% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 23.48% | -5.29% |
EUNM.DE vs. AYEW.DE - Expense Ratio Comparison
Both EUNM.DE and AYEW.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNM.DE vs. AYEW.DE - Dividend Comparison
EUNM.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNM.DE and AYEW.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE and AYEW.DE have the same expense ratio: 0.18% per year.
EUNM.DE is categorized as Emerging Markets Equities, while AYEW.DE is Technology Equities. EUNM.DE tracks MSCI Emerging Markets, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped.
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