EUNZ.DE vs. IS0X.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and IS0X.DE (iShares Global Corporate Bond UCITS ETF) are both exchange-traded funds - EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility, while IS0X.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate. Both are passively managed. Over the past 10 years, EUNZ.DE returned 6.45%/yr vs 1.82%/yr for IS0X.DE. At a 0.26 correlation, their price movements are largely independent. EUNZ.DE charges 0.40%/yr vs 0.20%/yr for IS0X.DE.
Performance
EUNZ.DE vs. IS0X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNZ.DE achieves a 21.72% return, which is significantly higher than IS0X.DE's 3.22% return. Over the past 10 years, EUNZ.DE has outperformed IS0X.DE with an annualized return of 6.45%, while IS0X.DE has yielded a comparatively lower 1.82% annualized return.
EUNZ.DE
- 1D
- -0.87%
- 1M
- 1.73%
- YTD
- 21.72%
- 6M
- 22.09%
- 1Y
- 26.01%
- 3Y*
- 12.76%
- 5Y*
- 6.65%
- 10Y*
- 6.45%
IS0X.DE
- 1D
- 0.03%
- 1M
- 2.13%
- YTD
- 3.22%
- 6M
- 3.65%
- 1Y
- 6.19%
- 3Y*
- 4.25%
- 5Y*
- 1.04%
- 10Y*
- 1.82%
EUNZ.DE vs. IS0X.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 | 21.72% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 11.39% |
IS0X.DE iShares Global Corporate Bond UCITS ETF | 3.22% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
Correlation
The correlation between EUNZ.DE and IS0X.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.26 |
The correlation between EUNZ.DE and IS0X.DE shifts across timeframes, from 0.24 (5 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNZ.DE vs. IS0X.DE — Risk / Return Rank
EUNZ.DE
IS0X.DE
EUNZ.DE vs. IS0X.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 Global Corporate Bond UCITS ETF (IS0X.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 | IS0X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.94 | +0.50 |
| Martin ratioReturn relative to average drawdown | 11.93 | 6.67 | +5.26 |
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Drawdowns
EUNZ.DE vs. IS0X.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -34.03%, which is greater than IS0X.DE's maximum drawdown of -27.33%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and IS0X.DE.
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Drawdown Indicators
| EUNZ.DE | IS0X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.03% | -27.33% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -2.08% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -8.55% | -5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -13.06% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -26.16% | -17.31% | -8.85% |
Current DrawdownCurrent decline from peak | -2.72% | -1.24% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -9.98% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.92% | +1.25% |
Volatility
EUNZ.DE vs. IS0X.DE - Volatility Comparison
iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a higher volatility of 5.66% compared to iShares Global Corporate Bond UCITS ETF (IS0X.DE) at 1.11%. This indicates that EUNZ.DE's price experiences larger fluctuations and is considered to be riskier than IS0X.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 | IS0X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 1.11% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 3.01% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 4.44% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 6.44% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.34% | 8.31% | +5.03% |
EUNZ.DE vs. IS0X.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than IS0X.DE's 0.20% expense ratio.
Dividends
EUNZ.DE vs. IS0X.DE - Dividend Comparison
EUNZ.DE has not paid dividends to shareholders, while IS0X.DE's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS0X.DE iShares Global Corporate Bond UCITS ETF | 4.16% | 4.22% | 3.80% | 3.35% | 2.65% | 2.03% | 2.45% | 2.68% | 2.59% | 2.64% | 2.57% | 2.61% |
Frequently Asked Questions
EUNZ.DE and IS0X.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0X.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0X.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for EUNZ.DE.
EUNZ.DE is categorized as Emerging Markets Equities, while IS0X.DE is Global Corporate Bonds. EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while IS0X.DE tracks Bloomberg Global Aggregate Corporate. Their fees differ too: 0.40% for EUNZ.DE and 0.20% for IS0X.DE.
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