EUNN.DE vs. EMXC.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EUNN.DE returned 9.33%/yr vs 11.87%/yr for EMXC.DE. A 0.58 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.15%/yr for EMXC.DE.
Performance
EUNN.DE vs. EMXC.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 lower than EMXC.DE's 30.36% 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%
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
EUNN.DE vs. EMXC.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% | 11.60% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 30.36% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
Correlation
The correlation between EUNN.DE and EMXC.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.58 |
The correlation between EUNN.DE and EMXC.DE has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. EMXC.DE — Risk / Return Rank
EUNN.DE
EMXC.DE
EUNN.DE vs. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.51 | -0.24 |
| Martin ratioReturn relative to average drawdown | 10.78 | 12.15 | -1.37 |
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Drawdowns
EUNN.DE vs. EMXC.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum EMXC.DE drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and EMXC.DE.
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Drawdown Indicators
| EUNN.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -40.89% | +12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -13.66% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -20.47% | +4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -20.47% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | — | — |
Current DrawdownCurrent decline from peak | -6.26% | -13.66% | +7.40% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -7.73% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.95% | -1.04% |
Volatility
EUNN.DE vs. EMXC.DE - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 6.29%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 9.94%. This indicates that EUNN.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 9.94% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 20.82% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 23.00% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 16.71% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 19.20% | -3.06% |
EUNN.DE vs. EMXC.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than EMXC.DE's 0.15% 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. EMXC.DE - Dividend Comparison
Neither EUNN.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and EMXC.DE have a correlation of 0.62, 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 0.15% for EMXC.DE.
EUNN.DE is categorized as Japan Equities, while EMXC.DE is Emerging Markets Equities. EUNN.DE tracks MSCI Japan IMI, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EUNN.DE and 0.15% for EMXC.DE.
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