EUNM.DE vs. CEMF.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while CEMF.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year (EUR Hedged) Index. Both are passively managed. At a 0.15 correlation, their price movements are largely independent. EUNM.DE charges 0.18%/yr vs 0.10%/yr for CEMF.DE.
Performance
EUNM.DE vs. CEMF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNM.DE achieves a 26.16% return, which is significantly higher than CEMF.DE's -1.42% return.
EUNM.DE
- 1D
- 3.17%
- 1M
- 2.53%
- YTD
- 26.16%
- 6M
- 28.73%
- 1Y
- 46.27%
- 3Y*
- 19.51%
- 5Y*
- 8.28%
- 10Y*
- 10.07%
CEMF.DE
- 1D
- 0.28%
- 1M
- 0.27%
- YTD
- -1.42%
- 6M
- -0.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNM.DE vs. CEMF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 11.87% |
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc | -1.42% | 2.99% |
Correlation
The correlation between EUNM.DE and CEMF.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025 | 0.15 |
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Return for Risk
EUNM.DE vs. CEMF.DE — Risk / Return Rank
EUNM.DE
CEMF.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUNM.DE vs. CEMF.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 $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNM.DE | CEMF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | — | — |
| Martin ratioReturn relative to average drawdown | 15.27 | — | — |
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Drawdowns
EUNM.DE vs. CEMF.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, which is greater than CEMF.DE's maximum drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and CEMF.DE.
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Drawdown Indicators
| EUNM.DE | CEMF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -4.45% | -31.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -2.97% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -1.19% | -9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | — | — |
Volatility
EUNM.DE vs. CEMF.DE - Volatility Comparison
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Volatility by Period
| EUNM.DE | CEMF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 4.63% | +13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 4.63% | +12.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 4.63% | +13.59% |
EUNM.DE vs. CEMF.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is higher than CEMF.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
EUNM.DE vs. CEMF.DE - Dividend Comparison
Neither EUNM.DE nor CEMF.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and CEMF.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMF.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for EUNM.DE.
EUNM.DE is categorized as Emerging Markets Equities, while CEMF.DE is Government Bonds. EUNM.DE tracks MSCI Emerging Markets, while CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index. Their fees differ too: 0.18% for EUNM.DE and 0.10% for CEMF.DE.
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