EUNY.DE vs. ETSZ.DE
EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - EUNY.DE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, EUNY.DE returned 7.14%/yr vs 9.16%/yr for ETSZ.DE. A 0.63 correlation means they provide meaningful diversification when combined. EUNY.DE charges 0.65%/yr vs 0.20%/yr for ETSZ.DE.
Performance
EUNY.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNY.DE achieves a 11.46% return, which is significantly higher than ETSZ.DE's 7.24% return. Over the past 10 years, EUNY.DE has underperformed ETSZ.DE with an annualized return of 7.14%, while ETSZ.DE has yielded a comparatively higher 9.16% annualized return.
EUNY.DE
- 1D
- -0.55%
- 1M
- -2.33%
- YTD
- 11.46%
- 6M
- 12.72%
- 1Y
- 25.16%
- 3Y*
- 17.26%
- 5Y*
- 5.28%
- 10Y*
- 7.14%
ETSZ.DE
- 1D
- 0.59%
- 1M
- 2.47%
- YTD
- 7.24%
- 6M
- 9.85%
- 1Y
- 15.63%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
EUNY.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.46% | 13.97% | 12.39% | 15.37% | -26.13% | 19.99% | -11.70% | 18.31% | -1.55% | 10.49% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
Correlation
The correlation between EUNY.DE and ETSZ.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.63 |
The correlation between EUNY.DE and ETSZ.DE shifts across timeframes, from 0.52 (5 years) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNY.DE vs. ETSZ.DE — Risk / Return Rank
EUNY.DE
ETSZ.DE
EUNY.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| EUNY.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 1.72 | +4.46 |
| Martin ratioReturn relative to average drawdown | 16.86 | 6.45 | +10.41 |
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
| EUNY.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.26 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.66 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.59 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.52 | -0.30 |
Drawdowns
EUNY.DE vs. ETSZ.DE - Drawdown Comparison
The maximum EUNY.DE drawdown since its inception was -40.65%, which is greater than ETSZ.DE's maximum drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for EUNY.DE and ETSZ.DE.
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Drawdown Indicators
| EUNY.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -35.51% | -5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -9.39% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -16.35% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -31.43% | -20.55% | -10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -36.29% | -35.51% | -0.78% |
Current DrawdownCurrent decline from peak | -2.82% | -1.70% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -12.34% | -5.41% | -6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.51% | -1.00% |
Volatility
EUNY.DE vs. ETSZ.DE - Volatility Comparison
iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) have volatilities of 4.52% and 4.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNY.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 4.34% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 10.64% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 12.84% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 14.39% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 15.54% | +1.19% |
EUNY.DE vs. ETSZ.DE - Expense Ratio Comparison
EUNY.DE has a 0.65% expense ratio, which is higher than ETSZ.DE's 0.20% expense ratio.
Dividends
EUNY.DE vs. ETSZ.DE - Dividend Comparison
EUNY.DE's dividend yield for the trailing twelve months is around 5.32%, while ETSZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 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% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
Frequently Asked Questions
EUNY.DE and ETSZ.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for EUNY.DE.
EUNY.DE is categorized as Emerging Markets Equities, while ETSZ.DE is Europe Equities. EUNY.DE tracks Dow Jones Emerging Markets Select Dividend, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.65% for EUNY.DE and 0.20% for ETSZ.DE.
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