EUNZ.DE vs. EUNI.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds from iShares - EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 10 years, EUNZ.DE returned 6.20%/yr vs 8.99%/yr for EUNI.DE. Their correlation of 0.83 suggests significant overlap in exposure. EUNZ.DE charges 0.40%/yr vs 0.74%/yr for EUNI.DE.
Performance
EUNZ.DE vs. EUNI.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 higher than EUNI.DE's 16.80% return. Over the past 10 years, EUNZ.DE has underperformed EUNI.DE with an annualized return of 6.20%, while EUNI.DE has yielded a comparatively higher 8.99% annualized 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%
EUNI.DE
- 1D
- -0.41%
- 1M
- -0.02%
- YTD
- 16.80%
- 6M
- 15.58%
- 1Y
- 26.07%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
EUNZ.DE vs. EUNI.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 | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 11.39% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 18.31% |
Correlation
The correlation between EUNZ.DE and EUNI.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.83 |
The correlation between EUNZ.DE and EUNI.DE shifts across timeframes, from 0.70 (5 years) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNZ.DE vs. EUNI.DE — Risk / Return Rank
EUNZ.DE
EUNI.DE
EUNZ.DE vs. EUNI.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 MSCI Emerging Markets Small Cap UCITS ETF (EUNI.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 | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.23 | -0.23 |
| Martin ratioReturn relative to average drawdown | 10.57 | 10.53 | +0.04 |
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 | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.56 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.51 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.53 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.41 | -0.06 |
Drawdowns
EUNZ.DE vs. EUNI.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -30.47%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and EUNI.DE.
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Drawdown Indicators
| EUNZ.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -41.89% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -7.95% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -21.15% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -21.15% | +7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | -41.89% | +15.74% |
Current DrawdownCurrent decline from peak | -1.96% | -2.54% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -10.57% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.44% | -0.31% |
Volatility
EUNZ.DE vs. EUNI.DE - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) is 4.75%, while iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) has a volatility of 6.91%. This indicates that EUNZ.DE experiences smaller price fluctuations and is considered to be less risky than EUNI.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 | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 6.91% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 14.01% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 16.45% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 15.21% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 16.84% | -3.52% |
EUNZ.DE vs. EUNI.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
EUNZ.DE vs. EUNI.DE - Dividend Comparison
EUNZ.DE has not paid dividends to shareholders, while EUNI.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
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% | 0.00% |
Frequently Asked Questions
EUNZ.DE and EUNI.DE have a correlation of 0.79, 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 0.74% for EUNI.DE.
EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while EUNI.DE tracks MSCI Emerging Markets Small Cap. Their fees differ too: 0.40% for EUNZ.DE and 0.74% for EUNI.DE.
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