EUNM.DE vs. MJMT.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, EUNM.DE returned 10.07%/yr vs 12.16%/yr for MJMT.DE. A 0.62 correlation means they provide meaningful diversification when combined. EUNM.DE charges 0.18%/yr vs 0.23%/yr for MJMT.DE.
Performance
EUNM.DE vs. MJMT.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 MJMT.DE's 9.28% return. Over the past 10 years, EUNM.DE has underperformed MJMT.DE with an annualized return of 10.07%, while MJMT.DE has yielded a comparatively higher 12.16% 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%
MJMT.DE
- 1D
- 1.82%
- 1M
- 2.83%
- YTD
- 9.28%
- 6M
- 12.67%
- 1Y
- 21.10%
- 3Y*
- 20.45%
- 5Y*
- 11.60%
- 10Y*
- 12.16%
EUNM.DE vs. MJMT.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% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 9.28% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
Correlation
The correlation between EUNM.DE and MJMT.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 10, 2016 | 0.62 |
The correlation between EUNM.DE and MJMT.DE has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
EUNM.DE vs. MJMT.DE — Risk / Return Rank
EUNM.DE
MJMT.DE
EUNM.DE vs. MJMT.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 Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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 | MJMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 1.82 | +2.58 |
| Martin ratioReturn relative to average drawdown | 15.27 | 6.92 | +8.35 |
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Drawdowns
EUNM.DE vs. MJMT.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, which is greater than MJMT.DE's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and MJMT.DE.
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Drawdown Indicators
| EUNM.DE | MJMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -31.35% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -11.56% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -15.62% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -23.84% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | -31.35% | -0.53% |
Current DrawdownCurrent decline from peak | -3.40% | -0.21% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -5.25% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.04% | -0.02% |
Volatility
EUNM.DE vs. MJMT.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.44% compared to Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) at 4.75%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than MJMT.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 | MJMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 4.75% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 14.65% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 17.11% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.36% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 16.37% | +1.85% |
EUNM.DE vs. MJMT.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is lower than MJMT.DE's 0.23% expense ratio. Despite the difference, 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. MJMT.DE - Dividend Comparison
Neither EUNM.DE nor MJMT.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and MJMT.DE have a correlation of 0.56, 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 0.23% for MJMT.DE.
EUNM.DE is categorized as Emerging Markets Equities, while MJMT.DE is Momentum. EUNM.DE tracks MSCI Emerging Markets, while MJMT.DE tracks MSCI Europe Momentum Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for EUNM.DE and 0.23% for MJMT.DE.
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