EUNN.DE vs. EDM2.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while EDM2.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, EUNN.DE returned 9.85%/yr vs 7.59%/yr for EDM2.DE. A 0.52 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.18%/yr for EDM2.DE.
Performance
EUNN.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.53% return, which is significantly lower than EDM2.DE's 26.35% return.
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
EDM2.DE
- 1D
- -1.45%
- 1M
- 3.82%
- YTD
- 26.35%
- 6M
- 26.81%
- 1Y
- 46.28%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
EUNN.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 2.72% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | 4.73% | 7.76% | 7.05% |
Correlation
The correlation between EUNN.DE and EDM2.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.52 |
The correlation between EUNN.DE and EDM2.DE has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. EDM2.DE — Risk / Return Rank
EUNN.DE
EDM2.DE
EUNN.DE vs. EDM2.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 iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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.
| EUNN.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.48 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 4.32 | -1.18 |
| Martin ratioReturn relative to average drawdown | 10.51 | 15.65 | -5.14 |
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
| EUNN.DE | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.63 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.45 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.04 |
Drawdowns
EUNN.DE vs. EDM2.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum EDM2.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and EDM2.DE.
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Drawdown Indicators
| EUNN.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -32.32% | +3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.88% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -19.52% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -25.43% | +6.02% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -2.66% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -11.10% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.01% | -0.15% |
Volatility
EUNN.DE vs. EDM2.DE - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 3.16%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a volatility of 7.43%. This indicates that EUNN.DE experiences smaller price fluctuations and is considered to be less risky than EDM2.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 | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 7.43% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 15.11% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 17.92% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.83% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 19.13% | -3.05% |
EUNN.DE vs. EDM2.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than EDM2.DE's 0.18% 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. EDM2.DE - Dividend Comparison
Neither EUNN.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and EDM2.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 0.18% for EDM2.DE.
EUNN.DE is categorized as Japan Equities, while EDM2.DE is Emerging Markets Equities. EUNN.DE tracks MSCI Japan IMI, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. Their fees differ too: 0.12% for EUNN.DE and 0.18% for EDM2.DE.
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