EUNN.DE vs. GRID
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, EUNN.DE returned 8.53%/yr vs 18.04%/yr for GRID. At a 0.45 correlation, their price movements are largely independent. EUNN.DE charges 0.12%/yr vs 0.70%/yr for GRID.
Performance
EUNN.DE vs. GRID - Performance Comparison
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Different Trading Currencies
EUNN.DE is traded in EUR, while GRID is traded in USD. To make them comparable, the GRID values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNN.DE achieves a 15.08% return, which is significantly lower than GRID's 19.91% return. Over the past 10 years, EUNN.DE has underperformed GRID with an annualized return of 8.53%, while GRID has yielded a comparatively higher 18.04% annualized 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%
GRID
- 1D
- 0.14%
- 1M
- -8.09%
- 6M
- 13.78%
- YTD
- 19.91%
- 1Y
- 27.72%
- 3Y*
- 18.65%
- 5Y*
- 16.28%
- 10Y*
- 18.04%
EUNN.DE vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 19.91% | 14.27% | 22.79% | 17.93% | -8.55% | 37.20% | 36.57% | 46.02% | -19.07% | 11.77% |
Correlation
The correlation between EUNN.DE and GRID is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.45 |
The correlation between EUNN.DE and GRID has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. GRID — Risk / Return Rank
EUNN.DE
GRID
EUNN.DE vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.78 | +0.49 |
| Martin ratioReturn relative to average drawdown | 10.78 | 8.29 | +2.49 |
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Drawdowns
EUNN.DE vs. GRID - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum GRID drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and GRID.
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Drawdown Indicators
| EUNN.DE | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -41.27% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -9.82% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -24.27% | +8.46% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -24.27% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -41.27% | +12.71% |
Current DrawdownCurrent decline from peak | -6.26% | -9.70% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -7.09% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.28% | -0.37% |
Volatility
EUNN.DE vs. GRID - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 6.29%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.48%. This indicates that EUNN.DE experiences smaller price fluctuations and is considered to be less risky than GRID 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 | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 8.48% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 17.74% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 20.89% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 19.95% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 22.09% | -5.95% |
EUNN.DE vs. GRID - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than GRID's 0.70% expense ratio.
Dividends
EUNN.DE vs. GRID - Dividend Comparison
EUNN.DE has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Frequently Asked Questions
EUNN.DE and GRID have a correlation of 0.54, 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 0.70% for GRID.
EUNN.DE is categorized as Japan Equities, while GRID is Alternative Energy Equities. EUNN.DE tracks MSCI Japan IMI, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.12% for EUNN.DE and 0.70% for GRID.
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