EUNZ.DE vs. EMXC.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds - EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility while EMXC.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EUNZ.DE returned 6.48%/yr vs 13.66%/yr for EMXC.DE. Their correlation of 0.80 suggests significant overlap in exposure. EUNZ.DE charges 0.40%/yr vs 0.15%/yr for EMXC.DE.
Performance
EUNZ.DE vs. EMXC.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 EMXC.DE's 40.23% 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%
EMXC.DE
- 1D
- -1.80%
- 1M
- 5.62%
- YTD
- 40.23%
- 6M
- 42.71%
- 1Y
- 66.91%
- 3Y*
- 25.05%
- 5Y*
- 13.66%
- 10Y*
- —
EUNZ.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 1.72% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 40.23% | 19.92% | 9.13% | 14.33% | -13.60% | 17.56% | 2.27% | 6.14% |
Correlation
The correlation between EUNZ.DE and EMXC.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | 0.80 |
The correlation between EUNZ.DE and EMXC.DE has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
EUNZ.DE vs. EMXC.DE — Risk / Return Rank
EUNZ.DE
EMXC.DE
EUNZ.DE vs. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.62 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 5.78 | -2.78 |
| Martin ratioReturn relative to average drawdown | 10.57 | 21.97 | -11.40 |
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 | EMXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 3.46 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.85 | -0.29 |
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 | 0.69 | -0.34 |
Drawdowns
EUNZ.DE vs. EMXC.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -30.47%, smaller than the maximum EMXC.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and EMXC.DE.
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Drawdown Indicators
| EUNZ.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -38.77% | +8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -11.87% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -20.48% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -20.48% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -2.53% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -6.73% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.13% | -1.00% |
Volatility
EUNZ.DE vs. EMXC.DE - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) is 4.75%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 8.44%. This indicates that EUNZ.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 8.44% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 17.23% | -6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 19.85% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 15.83% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 18.50% | -5.18% |
EUNZ.DE vs. EMXC.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
EUNZ.DE vs. EMXC.DE - Dividend Comparison
Neither EUNZ.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNZ.DE and EMXC.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for EUNZ.DE.
EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for EUNZ.DE and 0.15% for EMXC.DE.
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