EUNM.DE vs. GACB.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and GACB.DE (Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)) are both Emerging Markets Equities funds - EUNM.DE tracks the MSCI Emerging Markets while GACB.DE tracks the Goldman Sachs ActiveBeta Emerging Markets Equity. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. EUNM.DE charges 0.18%/yr vs 0.49%/yr for GACB.DE.
Performance
EUNM.DE vs. GACB.DE - Performance Comparison
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Returns By Period
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%
GACB.DE
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNM.DE vs. GACB.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% | 3.73% |
GACB.DE Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) | 4.68% | 17.61% | 13.29% | 6.42% | -14.91% | 7.63% | 1.70% | 2.23% |
Correlation
The correlation between EUNM.DE and GACB.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.95 |
The correlation between EUNM.DE and GACB.DE shifts across timeframes, from 0.78 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNM.DE vs. GACB.DE — Risk / Return Rank
EUNM.DE
GACB.DE
EUNM.DE vs. GACB.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 Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.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 | GACB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.50 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | — | — |
| Martin ratioReturn relative to average drawdown | 17.07 | — | — |
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 | GACB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
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 | — | — |
Drawdowns
EUNM.DE vs. GACB.DE - Drawdown Comparison
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Drawdown Indicators
| EUNM.DE | GACB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.86% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | — | — |
Average DrawdownAverage peak-to-trough decline | -10.55% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | — | — |
Volatility
EUNM.DE vs. GACB.DE - Volatility Comparison
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Volatility by Period
| EUNM.DE | GACB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | — | — |
EUNM.DE vs. GACB.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is lower than GACB.DE's 0.49% expense ratio.
Dividends
EUNM.DE vs. GACB.DE - Dividend Comparison
Neither EUNM.DE nor GACB.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and GACB.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for GACB.DE.
EUNM.DE tracks MSCI Emerging Markets, while GACB.DE tracks Goldman Sachs ActiveBeta Emerging Markets Equity. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.18% for EUNM.DE and 0.49% for GACB.DE.
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