IBC4.DE vs. EUNY.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds from iShares - IBC4.DE tracks the MSCI South Africa Capped Index while EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 6.39%/yr for EUNY.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
IBC4.DE vs. EUNY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than EUNY.DE's 9.92% return. Over the past 10 years, IBC4.DE has outperformed EUNY.DE with an annualized return of 7.19%, while EUNY.DE has yielded a comparatively lower 6.39% annualized return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
EUNY.DE
- 1D
- 1.27%
- 1M
- -1.95%
- 6M
- 8.25%
- YTD
- 9.92%
- 1Y
- 21.22%
- 3Y*
- 16.25%
- 5Y*
- 5.02%
- 10Y*
- 6.39%
IBC4.DE vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | -21.79% | 19.74% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 9.92% | 13.97% | 12.41% | 15.34% | -26.11% | 20.00% | -11.72% | 18.34% | -1.57% | 10.55% |
Correlation
The correlation between IBC4.DE and EUNY.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.68 |
The correlation between IBC4.DE and EUNY.DE shifts across timeframes, from 0.56 (5 years) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC4.DE vs. EUNY.DE — Risk / Return Rank
IBC4.DE
EUNY.DE
IBC4.DE vs. EUNY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and iShares Emerging Markets Dividend UCITS ETF (EUNY.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.
| IBC4.DE | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 3.91 | -2.39 |
| Martin ratioReturn relative to average drawdown | 3.57 | 11.46 | -7.90 |
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Drawdowns
IBC4.DE vs. EUNY.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than EUNY.DE's maximum drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and EUNY.DE.
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Drawdown Indicators
| IBC4.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -50.11% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -5.40% | -16.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -15.70% | -5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -31.41% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -36.29% | -19.19% |
Current DrawdownCurrent decline from peak | -16.46% | -4.14% | -12.32% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -20.28% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 1.85% | +7.36% |
Volatility
IBC4.DE vs. EUNY.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) has a higher volatility of 8.06% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 4.38%. This indicates that IBC4.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC4.DE | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 4.38% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 10.21% | +15.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 12.47% | +17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 15.68% | +9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 16.68% | +11.16% |
IBC4.DE vs. EUNY.DE - Expense Ratio Comparison
Both IBC4.DE and EUNY.DE have an expense ratio of 0.65%.
Dividends
IBC4.DE vs. EUNY.DE - Dividend Comparison
IBC4.DE has not paid dividends to shareholders, while EUNY.DE's dividend yield for the trailing twelve months is around 5.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.13% | 5.83% | 7.71% | 8.05% | 9.57% | 6.35% | 5.09% | 5.58% | 5.64% | 4.10% | 4.36% | 6.39% |
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | 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
IBC4.DE and EUNY.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC4.DE and EUNY.DE have the same expense ratio: 0.65% per year.
IBC4.DE tracks MSCI South Africa Capped Index, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend.
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