EUNM.DE vs. EXHB.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while EXHB.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 1.5-2.5. Both are passively managed. Over the past 10 years, EUNM.DE returned 10.07%/yr vs -0.25%/yr for EXHB.DE. At a correlation of -0.06, they often move in opposite directions. EUNM.DE charges 0.18%/yr vs 0.16%/yr for EXHB.DE.
Performance
EUNM.DE vs. EXHB.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 EXHB.DE's 0.18% return. Over the past 10 years, EUNM.DE has outperformed EXHB.DE with an annualized return of 10.07%, while EXHB.DE has yielded a comparatively lower -0.25% annualized 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%
EXHB.DE
- 1D
- 0.11%
- 1M
- 0.37%
- YTD
- 0.18%
- 6M
- 0.33%
- 1Y
- 0.56%
- 3Y*
- 2.22%
- 5Y*
- 0.24%
- 10Y*
- -0.25%
EUNM.DE vs. EXHB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 19.20% | 14.09% | 5.71% | -14.48% | 4.68% | 6.81% | 20.92% | -10.84% | 19.89% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.18% | 1.66% | 2.55% | 2.59% | -5.04% | -0.96% | -0.80% | -0.87% | -0.45% | -1.07% |
Correlation
The correlation between EUNM.DE and EXHB.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | -0.06 |
The correlation between EUNM.DE and EXHB.DE shifts across timeframes, from -0.06 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNM.DE vs. EXHB.DE — Risk / Return Rank
EUNM.DE
EXHB.DE
EUNM.DE vs. EXHB.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 eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.09 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 0.48 | +3.92 |
| Martin ratioReturn relative to average drawdown | 15.27 | 1.36 | +13.91 |
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Drawdowns
EUNM.DE vs. EXHB.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, which is greater than EXHB.DE's maximum drawdown of -9.97%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and EXHB.DE.
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Drawdown Indicators
| EUNM.DE | EXHB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -9.97% | -25.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -1.18% | -9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -1.18% | -17.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -6.45% | -17.16% |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | -9.97% | -21.91% |
Current DrawdownCurrent decline from peak | -3.40% | -2.65% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -2.11% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.41% | +2.61% |
Volatility
EUNM.DE vs. EXHB.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.44% compared to iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) at 0.48%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than EXHB.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 | EXHB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 0.48% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 1.12% | +14.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 1.25% | +17.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 1.72% | +15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 1.44% | +16.78% |
EUNM.DE vs. EXHB.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is higher than EXHB.DE's 0.16% 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. EXHB.DE - Dividend Comparison
EUNM.DE has not paid dividends to shareholders, while EXHB.DE's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (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% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.97% | 1.50% | 1.42% | 1.49% |
Frequently Asked Questions
EUNM.DE and EXHB.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHB.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHB.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for EUNM.DE.
EUNM.DE is categorized as Emerging Markets Equities, while EXHB.DE is European Government Bonds. EUNM.DE tracks MSCI Emerging Markets, while EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5. Their fees differ too: 0.18% for EUNM.DE and 0.16% for EXHB.DE.
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