EUNY.DE vs. IBC4.DE
EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) and IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) are both Emerging Markets Equities funds from iShares - EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend while IBC4.DE tracks the MSCI South Africa Capped Index. Both are passively managed. Over the past 10 years, EUNY.DE returned 6.07%/yr vs 6.15%/yr for IBC4.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
EUNY.DE vs. IBC4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNY.DE achieves a 12.05% return, which is significantly higher than IBC4.DE's -3.99% return. Both investments have delivered pretty close results over the past 10 years, with EUNY.DE having a 6.07% annualized return and IBC4.DE not far ahead at 6.15%.
EUNY.DE
- 1D
- -0.12%
- 1M
- -1.42%
- 6M
- 6.09%
- YTD
- 12.05%
- 1Y
- 23.93%
- 3Y*
- 17.79%
- 5Y*
- 5.47%
- 10Y*
- 6.07%
IBC4.DE
- 1D
- -0.44%
- 1M
- -4.78%
- 6M
- -10.04%
- YTD
- -3.99%
- 1Y
- 32.48%
- 3Y*
- 20.61%
- 5Y*
- 11.27%
- 10Y*
- 6.15%
EUNY.DE vs. IBC4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 12.05% | 13.97% | 12.41% | 15.34% | -26.11% | 20.00% | -11.72% | 18.34% | -1.57% | 10.55% |
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -3.99% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | -21.79% | 19.74% |
Correlation
The correlation between EUNY.DE and IBC4.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 | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.68 |
The correlation between EUNY.DE and IBC4.DE shifts across timeframes, from 0.57 (5 years) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNY.DE vs. IBC4.DE — Risk / Return Rank
EUNY.DE
IBC4.DE
EUNY.DE vs. IBC4.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 iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.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.
| EUNY.DE | IBC4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 1.50 | +2.91 |
| Martin ratioReturn relative to average drawdown | 12.29 | 3.32 | +8.97 |
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Drawdowns
EUNY.DE vs. IBC4.DE - Drawdown Comparison
The maximum EUNY.DE drawdown since its inception was -50.11%, smaller than the maximum IBC4.DE drawdown of -55.48%. Use the drawdown chart below to compare losses from any high point for EUNY.DE and IBC4.DE.
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Drawdown Indicators
| EUNY.DE | IBC4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -55.48% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -21.54% | +16.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -21.54% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -29.74% | -1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -36.29% | -55.48% | +19.19% |
Current DrawdownCurrent decline from peak | -2.29% | -18.30% | +16.01% |
Average DrawdownAverage peak-to-trough decline | -20.25% | -17.45% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 9.75% | -7.81% |
Volatility
EUNY.DE vs. IBC4.DE - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) is 3.14%, while iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a volatility of 6.61%. This indicates that EUNY.DE experiences smaller price fluctuations and is considered to be less risky than IBC4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNY.DE | IBC4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 6.61% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 25.07% | -14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 29.91% | -17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 25.64% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 27.80% | -11.15% |
EUNY.DE vs. IBC4.DE - Expense Ratio Comparison
Both EUNY.DE and IBC4.DE have an expense ratio of 0.65%.
Dividends
EUNY.DE vs. IBC4.DE - Dividend Comparison
EUNY.DE's dividend yield for the trailing twelve months is around 5.03%, while IBC4.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.03% | 5.83% | 7.71% | 8.05% | 9.57% | 6.35% | 5.09% | 5.58% | 5.64% | 4.10% | 4.36% | 6.39% |
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNY.DE and IBC4.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.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNY.DE and IBC4.DE have the same expense ratio: 0.65% per year.
EUNY.DE tracks Dow Jones Emerging Markets Select Dividend, while IBC4.DE tracks MSCI South Africa Capped Index.
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