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 5.92%/yr vs -0.38%/yr for USD=X. At a 0.11 correlation, their price movements are largely independent.
Performance
EUNY.DE vs. USD=X - Performance Comparison
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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 12.80% return, which is significantly higher than USD=X's 2.97% return. Over the past 10 years, EUNY.DE has outperformed USD=X with an annualized return of 5.92%, while USD=X has yielded a comparatively lower -0.38% annualized return.
EUNY.DE
- 1D
- 0.98%
- 1M
- 1.36%
- 6M
- 7.00%
- YTD
- 12.80%
- 1Y
- 24.31%
- 3Y*
- 17.76%
- 5Y*
- 5.82%
- 10Y*
- 5.92%
- ALL TIME*
- 2.83%
USD=X
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 2.78%
- YTD
- 2.97%
- 1Y
- 2.50%
- 3Y*
- -0.83%
- 5Y*
- 0.63%
- 10Y*
- -0.38%
- ALL TIME*
- 1.17%
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 | 12.80% | 13.97% | 12.41% | 15.34% | -26.11% | 20.00% | -11.72% | 18.34% | -1.57% | 10.55% |
USD=X USD Cash | 2.97% | -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 -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.11 |
The correlation between EUNY.DE and USD=X shifts across timeframes, from -0.03 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNY.DE vs. USD=X — Risk / Return Rank
EUNY.DE
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.08 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 0.57 | +3.92 |
| Martin ratioReturn relative to average drawdown | 12.40 | 1.30 | +11.10 |
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Drawdowns
EUNY.DE vs. USD=X - Drawdown Comparison
The maximum EUNY.DE drawdown since its inception was -50.11%, 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.
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Drawdown Indicators
| EUNY.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -20.32% | -29.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -5.33% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -15.23% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -20.32% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.29% | -20.32% | -15.97% |
Current DrawdownCurrent decline from peak | -1.63% | -15.88% | +14.25% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -9.38% | -10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.77% | +0.19% |
Volatility
EUNY.DE vs. USD=X - Volatility Comparison
iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) has a higher volatility of 3.30% compared to USD Cash (USD=X) at 1.08%. 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.
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Volatility by Period
| EUNY.DE | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 1.08% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 4.62% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 5.30% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 6.42% | +9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 6.14% | +10.51% |
Frequently Asked Questions
EUNY.DE and USD=X have a correlation of -0.03, 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
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