EUNY.DE vs. USD=X
EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) is Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend, while USD=X (USD Cash) is a currency. Over the past 10 years, EUNY.DE returned 7.14%/yr vs -0.25%/yr for USD=X. At a 0.13 correlation, their price movements are largely independent.
Performance
EUNY.DE vs. USD=X - Performance Comparison
Loading charts...
Different Trading Currencies
EUNY.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNY.DE achieves a 11.46% return, which is significantly higher than USD=X's 1.84% return. Over the past 10 years, EUNY.DE has outperformed USD=X with an annualized return of 7.14%, while USD=X has yielded a comparatively lower -0.25% 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%
USD=X
- 1D
- 0.00%
- 1M
- 2.18%
- YTD
- 1.84%
- 6M
- 0.90%
- 1Y
- -1.05%
- 3Y*
- -2.31%
- 5Y*
- 1.09%
- 10Y*
- -0.25%
EUNY.DE vs. USD=X - 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% |
USD=X USD Cash | 1.84% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -12.29% |
Correlation
The correlation between EUNY.DE and USD=X is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2012 | 0.13 |
The correlation between EUNY.DE and USD=X shifts across timeframes, from -0.03 (3 years) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUNY.DE vs. USD=X — Risk / Return Rank
EUNY.DE
USD=X
EUNY.DE vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.98 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | -0.18 | +6.35 |
| Martin ratioReturn relative to average drawdown | 16.86 | -0.39 | +17.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUNY.DE | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | -0.15 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.14 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | -0.03 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.10 | +0.13 |
Drawdowns
EUNY.DE vs. USD=X - Drawdown Comparison
The maximum EUNY.DE drawdown since its inception was -40.65%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for EUNY.DE and USD=X.
Loading charts...
Drawdown Indicators
| EUNY.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -20.32% | -20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -5.33% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -15.23% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.43% | -20.32% | -11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -36.29% | -20.32% | -15.97% |
Current DrawdownCurrent decline from peak | -2.82% | -16.81% | +13.99% |
Average DrawdownAverage peak-to-trough decline | -12.34% | -9.48% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.89% | -0.38% |
Volatility
EUNY.DE vs. USD=X - Volatility Comparison
iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) has a higher volatility of 4.52% compared to USD Cash (USD=X) at 1.33%. This indicates that EUNY.DE's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNY.DE | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 1.33% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 4.59% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 5.45% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 6.44% | +9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 6.20% | +10.53% |
Frequently Asked Questions
EUNY.DE and USD=X have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EUNY.DE and USD=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer