EUNZ.DE vs. 5MVL.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds from iShares - EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility while 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, EUNZ.DE returned 6.48%/yr vs 17.27%/yr for 5MVL.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
EUNZ.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNZ.DE achieves a 18.69% return, which is significantly lower than 5MVL.DE's 45.83% return.
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
5MVL.DE
- 1D
- -2.48%
- 1M
- 9.31%
- YTD
- 45.83%
- 6M
- 46.38%
- 1Y
- 81.35%
- 3Y*
- 33.99%
- 5Y*
- 17.27%
- 10Y*
- —
EUNZ.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -2.14% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.83% | 27.25% | 21.00% | 14.58% | -10.54% | 13.07% | -2.40% | 20.39% | -2.61% |
Correlation
The correlation between EUNZ.DE and 5MVL.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.84 |
The correlation between EUNZ.DE and 5MVL.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
EUNZ.DE vs. 5MVL.DE — Risk / Return Rank
EUNZ.DE
5MVL.DE
EUNZ.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| EUNZ.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.73 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 8.86 | -5.87 |
| Martin ratioReturn relative to average drawdown | 10.57 | 28.83 | -18.27 |
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
| EUNZ.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 4.31 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 1.02 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.83 | -0.48 |
Drawdowns
EUNZ.DE vs. 5MVL.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -30.47%, smaller than the maximum 5MVL.DE drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and 5MVL.DE.
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Drawdown Indicators
| EUNZ.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -32.25% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -9.30% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -19.15% | +5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -20.60% | +6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -3.88% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -6.27% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.87% | -0.74% |
Volatility
EUNZ.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) is 4.75%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 8.71%. This indicates that EUNZ.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNZ.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 8.71% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 15.83% | -5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 19.13% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 16.78% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 18.84% | -5.52% |
EUNZ.DE vs. 5MVL.DE - Expense Ratio Comparison
Both EUNZ.DE and 5MVL.DE have an expense ratio of 0.40%.
Dividends
EUNZ.DE vs. 5MVL.DE - Dividend Comparison
Neither EUNZ.DE nor 5MVL.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNZ.DE and 5MVL.DE have a correlation of 0.82, 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 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNZ.DE and 5MVL.DE have the same expense ratio: 0.40% per year.
EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus.
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