EUNZ.DE vs. EHDL.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) are both Emerging Markets Equities funds - EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility while EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index. Both are passively managed. Over the past 10 years, EUNZ.DE returned 5.19%/yr vs 6.12%/yr for EHDL.DE. A 0.69 correlation means they provide meaningful diversification when combined. EUNZ.DE charges 0.40%/yr vs 0.49%/yr for EHDL.DE.
Performance
EUNZ.DE vs. EHDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNZ.DE achieves a 15.72% return, which is significantly higher than EHDL.DE's 13.62% return. Over the past 10 years, EUNZ.DE has underperformed EHDL.DE with an annualized return of 5.19%, while EHDL.DE has yielded a comparatively higher 6.12% annualized return.
EUNZ.DE
- 1D
- 0.55%
- 1M
- -6.40%
- 6M
- 10.71%
- YTD
- 15.72%
- 1Y
- 18.79%
- 3Y*
- 10.82%
- 5Y*
- 5.87%
- 10Y*
- 5.19%
- ALL TIME*
- 3.04%
EHDL.DE
- 1D
- 1.29%
- 1M
- 4.49%
- 6M
- 8.88%
- YTD
- 13.62%
- 1Y
- 24.68%
- 3Y*
- 13.71%
- 5Y*
- 7.70%
- 10Y*
- 6.12%
- ALL TIME*
- 6.09%
EUNZ.DE vs. EHDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 15.72% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 11.39% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 13.62% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -2.44% | 9.35% |
Correlation
The correlation between EUNZ.DE and EHDL.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 27, 2016 | 0.69 |
The correlation between EUNZ.DE and EHDL.DE shifts across timeframes, from 0.50 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNZ.DE vs. EHDL.DE — Risk / Return Rank
EUNZ.DE
EHDL.DE
EUNZ.DE vs. EHDL.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 Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
| EUNZ.DE | EHDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 4.67 | -2.33 |
| Martin ratioReturn relative to average drawdown | 7.48 | 12.26 | -4.78 |
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Drawdowns
EUNZ.DE vs. EHDL.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -34.03%, smaller than the maximum EHDL.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and EHDL.DE.
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Drawdown Indicators
| EUNZ.DE | EHDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.03% | -36.13% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -5.26% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -14.85% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -18.80% | +4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -26.16% | -36.13% | +9.97% |
Current DrawdownCurrent decline from peak | -7.51% | 0.00% | -7.51% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -9.08% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.01% | +0.50% |
Volatility
EUNZ.DE vs. EHDL.DE - Volatility Comparison
iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a higher volatility of 6.12% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) at 3.23%. This indicates that EUNZ.DE's price experiences larger fluctuations and is considered to be riskier than EHDL.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 | EHDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 3.23% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 8.17% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 11.38% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.78% | 13.61% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 17.99% | -4.60% |
EUNZ.DE vs. EHDL.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is lower than EHDL.DE's 0.49% expense ratio.
Dividends
EUNZ.DE vs. EHDL.DE - Dividend Comparison
EUNZ.DE has not paid dividends to shareholders, while EHDL.DE's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.68% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 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
EUNZ.DE and EHDL.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNZ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNZ.DE is cheaper with a 0.40% expense ratio, compared with 0.49% for EHDL.DE.
EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for EUNZ.DE and 0.49% for EHDL.DE.
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