EUNM.DE vs. XGLF.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - EUNM.DE tracks the MSCI Emerging Markets while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 10 years, EUNM.DE returned 8.23%/yr vs 7.33%/yr for XGLF.DE. At a 0.44 correlation, their price movements are largely independent. EUNM.DE charges 0.18%/yr vs 0.65%/yr for XGLF.DE.
Performance
EUNM.DE vs. XGLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNM.DE achieves a 19.20% return, which is significantly higher than XGLF.DE's 4.58% return. Over the past 10 years, EUNM.DE has outperformed XGLF.DE with an annualized return of 8.23%, while XGLF.DE has yielded a comparatively lower 7.33% annualized return.
EUNM.DE
- 1D
- -2.03%
- 1M
- -8.28%
- 6M
- 11.45%
- YTD
- 19.20%
- 1Y
- 33.28%
- 3Y*
- 18.38%
- 5Y*
- 7.11%
- 10Y*
- 8.23%
XGLF.DE
- 1D
- -0.17%
- 1M
- -2.76%
- 6M
- -1.28%
- YTD
- 4.58%
- 1Y
- 2.52%
- 3Y*
- 3.40%
- 5Y*
- 5.07%
- 10Y*
- 7.33%
EUNM.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 19.20% | 19.20% | 14.09% | 5.71% | -14.48% | 4.68% | 6.81% | 20.92% | -10.84% | 19.89% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 4.58% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 22.95% | -7.49% |
Correlation
The correlation between EUNM.DE and XGLF.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.44 |
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Return for Risk
EUNM.DE vs. XGLF.DE — Risk / Return Rank
EUNM.DE
XGLF.DE
EUNM.DE vs. XGLF.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 Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.05 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 0.28 | +2.71 |
| Martin ratioReturn relative to average drawdown | 9.39 | 0.60 | +8.79 |
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Drawdowns
EUNM.DE vs. XGLF.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, smaller than the maximum XGLF.DE drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and XGLF.DE.
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Drawdown Indicators
| EUNM.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -42.15% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -9.05% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -18.41% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.95% | -31.29% | +8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | -35.16% | +3.28% |
Current DrawdownCurrent decline from peak | -11.11% | -18.93% | +7.82% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -18.25% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 4.18% | -0.64% |
Volatility
EUNM.DE vs. XGLF.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 8.33% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 3.12%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 3.12% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 9.08% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.23% | 12.57% | +7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 15.37% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 18.33% | +0.01% |
EUNM.DE vs. XGLF.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is lower than XGLF.DE's 0.65% expense ratio.
Dividends
EUNM.DE vs. XGLF.DE - Dividend Comparison
Neither EUNM.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and XGLF.DE have a correlation of 0.34, 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 0.65% for XGLF.DE.
EUNM.DE tracks MSCI Emerging Markets, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.18% for EUNM.DE and 0.65% for XGLF.DE.
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