EUNN.DE vs. DEAM.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 5 years, EUNN.DE returned 9.33%/yr vs -1.95%/yr for DEAM.DE. A 0.52 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.19%/yr for DEAM.DE.
Performance
EUNN.DE vs. DEAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 15.08% return, which is significantly higher than DEAM.DE's 3.71% return.
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
EUNN.DE vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 17.22% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
Correlation
The correlation between EUNN.DE and DEAM.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.52 |
The correlation between EUNN.DE and DEAM.DE has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. DEAM.DE — Risk / Return Rank
EUNN.DE
DEAM.DE
EUNN.DE vs. DEAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and Invesco MDAX UCITS ETF A (DEAM.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.
| EUNN.DE | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.04 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.15 | +3.12 |
| Martin ratioReturn relative to average drawdown | 10.78 | 0.43 | +10.35 |
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Drawdowns
EUNN.DE vs. DEAM.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and DEAM.DE.
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Drawdown Indicators
| EUNN.DE | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -40.04% | +11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -14.95% | +5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -18.48% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -40.04% | +20.63% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | — | — |
Current DrawdownCurrent decline from peak | -6.26% | -13.92% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -16.18% | +9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 5.36% | -2.45% |
Volatility
EUNN.DE vs. DEAM.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 6.29% compared to Invesco MDAX UCITS ETF A (DEAM.DE) at 4.94%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than DEAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNN.DE | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 4.94% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 15.96% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 18.83% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 19.40% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 19.56% | -3.42% |
EUNN.DE vs. DEAM.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than DEAM.DE's 0.19% 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
EUNN.DE vs. DEAM.DE - Dividend Comparison
Neither EUNN.DE nor DEAM.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and DEAM.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for DEAM.DE.
EUNN.DE is categorized as Japan Equities, while DEAM.DE is Europe Equities. EUNN.DE tracks MSCI Japan IMI, while DEAM.DE tracks MDAX®. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for EUNN.DE and 0.19% for DEAM.DE.
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