EUNZ.DE vs. VFEA.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) are both Emerging Markets Equities funds - EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility while VFEA.DE tracks the FTSE Emerging. Both are passively managed. Over the past 5 years, EUNZ.DE returned 6.48%/yr vs 5.93%/yr for VFEA.DE. Their correlation of 0.86 suggests significant overlap in exposure. EUNZ.DE charges 0.40%/yr vs 0.22%/yr for VFEA.DE.
Performance
EUNZ.DE vs. VFEA.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 VFEA.DE's 12.59% 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%
VFEA.DE
- 1D
- -0.47%
- 1M
- 0.37%
- YTD
- 12.59%
- 6M
- 12.22%
- 1Y
- 25.81%
- 3Y*
- 15.02%
- 5Y*
- 5.93%
- 10Y*
- —
EUNZ.DE vs. VFEA.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% | 2.04% |
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc | 12.59% | 11.25% | 19.29% | 3.31% | -10.70% | 6.34% | 3.46% | 9.82% |
Correlation
The correlation between EUNZ.DE and VFEA.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 | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.86 |
The correlation between EUNZ.DE and VFEA.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
EUNZ.DE vs. VFEA.DE — Risk / Return Rank
EUNZ.DE
VFEA.DE
EUNZ.DE vs. VFEA.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 Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.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 | VFEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.17 | -0.17 |
| Martin ratioReturn relative to average drawdown | 10.57 | 10.71 | -0.15 |
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 | VFEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.82 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.37 | +0.19 |
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 | 0.43 | -0.08 |
Drawdowns
EUNZ.DE vs. VFEA.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -30.47%, roughly equal to the maximum VFEA.DE drawdown of -30.51%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and VFEA.DE.
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Drawdown Indicators
| EUNZ.DE | VFEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -30.51% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -8.44% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -18.97% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -19.99% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -1.85% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -8.59% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.50% | -0.37% |
Volatility
EUNZ.DE vs. VFEA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) is 4.75%, while Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) has a volatility of 5.45%. This indicates that EUNZ.DE experiences smaller price fluctuations and is considered to be less risky than VFEA.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 | VFEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 5.45% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 11.82% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 14.70% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 15.69% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 18.20% | -4.88% |
EUNZ.DE vs. VFEA.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than VFEA.DE's 0.22% expense ratio.
Dividends
EUNZ.DE vs. VFEA.DE - Dividend Comparison
Neither EUNZ.DE nor VFEA.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNZ.DE and VFEA.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, VFEA.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.DE is cheaper with a 0.22% expense ratio, compared with 0.40% for EUNZ.DE.
EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while VFEA.DE tracks FTSE Emerging. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for EUNZ.DE and 0.22% for VFEA.DE.
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