IEF vs. EUNM.DE
IEF (iShares 7-10 Year Treasury Bond ETF) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, IEF returned 0.59%/yr vs 10.42%/yr for EUNM.DE. At a correlation of -0.11, they often move in opposite directions. IEF charges 0.15%/yr vs 0.18%/yr for EUNM.DE.
Performance
IEF vs. EUNM.DE - Performance Comparison
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Different Trading Currencies
IEF is traded in USD, while EUNM.DE is traded in EUR. To make them comparable, the EUNM.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEF achieves a -0.47% return, which is significantly lower than EUNM.DE's 24.21% return. Over the past 10 years, IEF has underperformed EUNM.DE with an annualized return of 0.59%, while EUNM.DE has yielded a comparatively higher 10.42% annualized return.
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
EUNM.DE
- 1D
- 3.06%
- 1M
- 1.25%
- YTD
- 24.21%
- 6M
- 26.82%
- 1Y
- 46.10%
- 3Y*
- 22.30%
- 5Y*
- 7.29%
- 10Y*
- 10.42%
IEF vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 24.21% | 34.57% | 7.57% | 9.05% | -19.19% | -3.58% | 17.25% | 18.36% | -15.03% | 36.84% |
Correlation
The correlation between IEF and EUNM.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | -0.11 |
The correlation between IEF and EUNM.DE shifts across timeframes, from -0.11 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEF vs. EUNM.DE — Risk / Return Rank
IEF
EUNM.DE
IEF vs. EUNM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and iShares MSCI EM UCITS ETF (Acc) (EUNM.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.
| IEF | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.59 | -2.76 |
| Martin ratioReturn relative to average drawdown | 2.35 | 12.74 | -10.40 |
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Drawdowns
IEF vs. EUNM.DE - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum EUNM.DE drawdown of -39.63%. Use the drawdown chart below to compare losses from any high point for IEF and EUNM.DE.
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Drawdown Indicators
| IEF | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -39.63% | +15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -12.77% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -17.60% | +9.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -36.77% | +15.37% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -39.63% | +15.70% |
Current DrawdownCurrent decline from peak | -11.18% | -3.93% | -7.25% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -14.80% | +9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 3.61% | -2.16% |
Volatility
IEF vs. EUNM.DE - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.62%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 8.16%. This indicates that IEF experiences smaller price fluctuations and is considered to be less risky than EUNM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 8.16% | -6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 17.21% | -13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 19.69% | -14.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 18.80% | -11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 19.48% | -12.85% |
IEF vs. EUNM.DE - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is lower than EUNM.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEF vs. EUNM.DE - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.89%, while EUNM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (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% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF and EUNM.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEF is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEF is cheaper with a 0.15% expense ratio, compared with 0.18% for EUNM.DE.
IEF is categorized as Government Bonds, while EUNM.DE is Emerging Markets Equities. IEF tracks ICE U.S. Treasury 7-10 Year Bond Index, while EUNM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.15% for IEF and 0.18% for EUNM.DE.
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