EUNM.DE vs. VUAG.L
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while VUAG.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EUNM.DE returned 8.28%/yr vs 14.24%/yr for VUAG.L. A 0.55 correlation means they provide meaningful diversification when combined. EUNM.DE charges 0.18%/yr vs 0.07%/yr for VUAG.L.
Performance
EUNM.DE vs. VUAG.L - Performance Comparison
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Different Trading Currencies
EUNM.DE is traded in EUR, while VUAG.L is traded in GBP. To make them comparable, the VUAG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNM.DE achieves a 26.16% return, which is significantly higher than VUAG.L's 9.97% return.
EUNM.DE
- 1D
- 3.17%
- 1M
- 1.70%
- YTD
- 26.16%
- 6M
- 28.73%
- 1Y
- 48.04%
- 3Y*
- 19.51%
- 5Y*
- 8.28%
- 10Y*
- 10.07%
VUAG.L
- 1D
- 1.40%
- 1M
- 0.51%
- YTD
- 9.97%
- 6M
- 11.02%
- 1Y
- 24.83%
- 3Y*
- 17.88%
- 5Y*
- 14.24%
- 10Y*
- —
EUNM.DE vs. VUAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 19.20% | 14.09% | 5.71% | -14.48% | 4.68% | 6.81% | 15.16% |
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating | 9.97% | 3.66% | 33.48% | 22.18% | -13.57% | 39.49% | 9.91% | -10.68% |
Correlation
The correlation between EUNM.DE and VUAG.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.55 |
The correlation between EUNM.DE and VUAG.L shifts across timeframes, from 0.53 (5 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNM.DE vs. VUAG.L — Risk / Return Rank
EUNM.DE
VUAG.L
EUNM.DE vs. VUAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L). 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 | VUAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.39 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.41 | +0.99 |
| Martin ratioReturn relative to average drawdown | 15.27 | 12.31 | +2.97 |
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Drawdowns
EUNM.DE vs. VUAG.L - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, roughly equal to the maximum VUAG.L drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and VUAG.L.
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Drawdown Indicators
| EUNM.DE | VUAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -35.04% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -7.11% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -22.34% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -22.34% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -1.81% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -6.30% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.97% | +1.05% |
Volatility
EUNM.DE vs. VUAG.L - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.44% compared to Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) at 3.04%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than VUAG.L 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 | VUAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 3.04% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 7.77% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 11.53% | +6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 15.13% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 18.75% | -0.53% |
EUNM.DE vs. VUAG.L - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is higher than VUAG.L's 0.07% 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. VUAG.L - Dividend Comparison
Neither EUNM.DE nor VUAG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.80% |
Frequently Asked Questions
EUNM.DE and VUAG.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAG.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EUNM.DE.
EUNM.DE is categorized as Emerging Markets Equities, while VUAG.L is S&P 500. EUNM.DE tracks MSCI Emerging Markets, while VUAG.L tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for EUNM.DE and 0.07% for VUAG.L.
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