EUNY.DE vs. SPYM.DE
EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend while SPYM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, EUNY.DE returned 7.01%/yr vs 10.32%/yr for SPYM.DE. Their correlation of 0.83 suggests significant overlap in exposure. EUNY.DE charges 0.65%/yr vs 0.18%/yr for SPYM.DE.
Performance
EUNY.DE vs. SPYM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNY.DE achieves a 9.71% return, which is significantly lower than SPYM.DE's 28.91% return. Over the past 10 years, EUNY.DE has underperformed SPYM.DE with an annualized return of 7.01%, while SPYM.DE has yielded a comparatively higher 10.32% annualized return.
EUNY.DE
- 1D
- -0.19%
- 1M
- -2.19%
- YTD
- 9.71%
- 6M
- 10.60%
- 1Y
- 24.21%
- 3Y*
- 16.84%
- 5Y*
- 4.94%
- 10Y*
- 7.01%
SPYM.DE
- 1D
- 0.51%
- 1M
- 2.41%
- YTD
- 28.91%
- 6M
- 30.74%
- 1Y
- 48.17%
- 3Y*
- 22.17%
- 5Y*
- 8.34%
- 10Y*
- 10.32%
EUNY.DE vs. SPYM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 9.71% | 13.97% | 12.41% | 15.34% | -26.11% | 20.00% | -11.72% | 18.34% | -1.57% | 10.55% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 28.91% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
Correlation
The correlation between EUNY.DE and SPYM.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.83 |
The correlation between EUNY.DE and SPYM.DE shifts across timeframes, from 0.67 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNY.DE vs. SPYM.DE — Risk / Return Rank
EUNY.DE
SPYM.DE
EUNY.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 4.62 | +0.38 |
| Martin ratioReturn relative to average drawdown | 14.39 | 15.65 | -1.26 |
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Drawdowns
EUNY.DE vs. SPYM.DE - Drawdown Comparison
The maximum EUNY.DE drawdown since its inception was -50.11%, which is greater than SPYM.DE's maximum drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for EUNY.DE and SPYM.DE.
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Drawdown Indicators
| EUNY.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -44.83% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -10.38% | +5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -18.95% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -23.86% | -7.55% |
Max Drawdown (10Y)Largest decline over 10 years | -36.29% | -31.69% | -4.60% |
Current DrawdownCurrent decline from peak | -4.32% | -4.14% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -20.31% | -17.62% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.07% | -1.39% |
Volatility
EUNY.DE vs. SPYM.DE - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) is 5.00%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 8.92%. This indicates that EUNY.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 8.92% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 17.12% | -6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 19.43% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 17.17% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 18.51% | -1.80% |
EUNY.DE vs. SPYM.DE - Expense Ratio Comparison
EUNY.DE has a 0.65% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.
Dividends
EUNY.DE vs. SPYM.DE - Dividend Comparison
EUNY.DE's dividend yield for the trailing twelve months is around 5.14%, while SPYM.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 | 5.14% | 5.83% | 7.71% | 8.05% | 9.57% | 6.35% | 5.09% | 5.58% | 5.64% | 4.10% | 4.36% | 6.39% |
SPYM.DE SPDR MSCI Emerging Markets 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% |
Frequently Asked Questions
EUNY.DE and SPYM.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for EUNY.DE.
EUNY.DE tracks Dow Jones Emerging Markets Select Dividend, while SPYM.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and State Street. Their fees differ too: 0.65% for EUNY.DE and 0.18% for SPYM.DE.
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