EUNZ.DE vs. CHFUSD=X
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility, while CHFUSD=X (USD/CHF) is a currency. Over the past 10 years, EUNZ.DE returned 6.51%/yr vs 1.59%/yr for CHFUSD=X. At a correlation of -0.01, they often move in opposite directions.
Performance
EUNZ.DE vs. CHFUSD=X - Performance Comparison
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Different Trading Currencies
EUNZ.DE is traded in EUR, while CHFUSD=X is traded in USD. To make them comparable, the CHFUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNZ.DE achieves a 19.80% return, which is significantly higher than CHFUSD=X's 0.95% return. Over the past 10 years, EUNZ.DE has outperformed CHFUSD=X with an annualized return of 6.51%, while CHFUSD=X has yielded a comparatively lower 1.59% annualized return.
EUNZ.DE
- 1D
- 2.18%
- 1M
- 4.10%
- YTD
- 19.80%
- 6M
- 21.27%
- 1Y
- 23.44%
- 3Y*
- 11.22%
- 5Y*
- 6.51%
- 10Y*
- 6.51%
CHFUSD=X
- 1D
- -0.22%
- 1M
- -0.68%
- YTD
- 0.95%
- 6M
- 1.34%
- 1Y
- 1.85%
- 3Y*
- 1.96%
- 5Y*
- 3.35%
- 10Y*
- 1.59%
EUNZ.DE vs. CHFUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 19.80% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 11.39% |
CHFUSD=X USD/CHF | 0.95% | 0.97% | -1.18% | 6.54% | 4.77% | 4.29% | 0.41% | 3.81% | 3.79% | -8.29% |
Correlation
The correlation between EUNZ.DE and CHFUSD=X is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | -0.01 |
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Return for Risk
EUNZ.DE vs. CHFUSD=X — Risk / Return Rank
EUNZ.DE
CHFUSD=X
EUNZ.DE vs. CHFUSD=X - 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 USD/CHF (CHFUSD=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.
| EUNZ.DE | CHFUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.07 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.54 | +2.57 |
| Martin ratioReturn relative to average drawdown | 10.82 | 1.31 | +9.52 |
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Drawdowns
EUNZ.DE vs. CHFUSD=X - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -34.03%, which is greater than CHFUSD=X's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and CHFUSD=X.
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Drawdown Indicators
| EUNZ.DE | CHFUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.03% | -18.49% | -15.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -2.76% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -6.63% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -6.63% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -26.16% | -11.28% | -14.88% |
Current DrawdownCurrent decline from peak | -1.03% | -2.41% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -7.84% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.20% | +0.96% |
Volatility
EUNZ.DE vs. CHFUSD=X - Volatility Comparison
iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a higher volatility of 4.83% compared to USD/CHF (CHFUSD=X) at 0.95%. This indicates that EUNZ.DE's price experiences larger fluctuations and is considered to be riskier than CHFUSD=X 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 | CHFUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 0.95% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 2.83% | +7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 3.66% | +8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 5.42% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.30% | 5.02% | +8.28% |
Frequently Asked Questions
EUNZ.DE and CHFUSD=X have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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