EUNZ.DE vs. UEF5.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility while UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, EUNZ.DE returned 5.19%/yr vs 8.14%/yr for UEF5.DE. Their correlation of 0.85 suggests significant overlap in exposure. EUNZ.DE charges 0.40%/yr vs 0.24%/yr for UEF5.DE.
Performance
EUNZ.DE vs. UEF5.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 lower than UEF5.DE's 27.85% return. Over the past 10 years, EUNZ.DE has underperformed UEF5.DE with an annualized return of 5.19%, while UEF5.DE has yielded a comparatively higher 8.14% 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%
UEF5.DE
- 1D
- 0.83%
- 1M
- -8.24%
- 6M
- 22.15%
- YTD
- 27.85%
- 1Y
- 43.66%
- 3Y*
- 22.14%
- 5Y*
- 8.99%
- 10Y*
- 8.14%
- ALL TIME*
- 4.76%
EUNZ.DE vs. UEF5.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% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 27.85% | 20.99% | 15.47% | 3.78% | -15.32% | 6.96% | 5.36% | 14.51% | -7.68% | 16.40% |
Correlation
The correlation between EUNZ.DE and UEF5.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | 0.85 |
The correlation between EUNZ.DE and UEF5.DE has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
EUNZ.DE vs. UEF5.DE — Risk / Return Rank
EUNZ.DE
UEF5.DE
EUNZ.DE vs. UEF5.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 UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.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 | UEF5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 4.00 | -1.66 |
| Martin ratioReturn relative to average drawdown | 7.48 | 12.52 | -5.03 |
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Drawdowns
EUNZ.DE vs. UEF5.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -34.03%, smaller than the maximum UEF5.DE drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and UEF5.DE.
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Drawdown Indicators
| EUNZ.DE | UEF5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.03% | -38.64% | +4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -10.88% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -20.35% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -24.36% | +10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -26.16% | -36.70% | +10.54% |
Current DrawdownCurrent decline from peak | -7.51% | -10.14% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -13.26% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.48% | -0.97% |
Volatility
EUNZ.DE vs. UEF5.DE - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) is 6.12%, while UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) has a volatility of 8.20%. This indicates that EUNZ.DE experiences smaller price fluctuations and is considered to be less risky than UEF5.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 | UEF5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 8.20% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 18.36% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 21.03% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.78% | 18.11% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 18.99% | -5.60% |
EUNZ.DE vs. UEF5.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than UEF5.DE's 0.24% expense ratio.
Dividends
EUNZ.DE vs. UEF5.DE - Dividend Comparison
EUNZ.DE has not paid dividends to shareholders, while UEF5.DE's dividend yield for the trailing twelve months is around 1.66%.
| 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% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.66% | 2.19% | 1.73% | 2.36% | 2.19% | 1.32% | 1.89% | 2.00% | 2.16% | 2.00% | 2.30% | 1.65% |
Frequently Asked Questions
EUNZ.DE and UEF5.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEF5.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF5.DE is cheaper with a 0.24% expense ratio, compared with 0.40% for EUNZ.DE.
EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for EUNZ.DE and 0.24% for UEF5.DE.
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