IUSQ.DE vs. EUNM.DE
IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, IUSQ.DE returned 12.55%/yr vs 10.07%/yr for EUNM.DE. A 0.77 correlation means they provide meaningful diversification when combined. IUSQ.DE charges 0.20%/yr vs 0.18%/yr for EUNM.DE.
Performance
IUSQ.DE vs. EUNM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSQ.DE achieves a 11.73% return, which is significantly lower than EUNM.DE's 26.16% return. Over the past 10 years, IUSQ.DE has outperformed EUNM.DE with an annualized return of 12.55%, while EUNM.DE has yielded a comparatively lower 10.07% annualized return.
IUSQ.DE
- 1D
- 1.86%
- 1M
- 1.94%
- YTD
- 11.73%
- 6M
- 13.44%
- 1Y
- 26.48%
- 3Y*
- 17.12%
- 5Y*
- 12.02%
- 10Y*
- 12.55%
EUNM.DE
- 1D
- 3.17%
- 1M
- 4.59%
- YTD
- 26.16%
- 6M
- 28.73%
- 1Y
- 48.04%
- 3Y*
- 19.51%
- 5Y*
- 8.28%
- 10Y*
- 10.07%
IUSQ.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 11.73% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 19.20% | 14.09% | 5.71% | -14.48% | 4.68% | 6.81% | 20.92% | -10.84% | 19.89% |
Correlation
The correlation between IUSQ.DE and EUNM.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.77 |
The correlation between IUSQ.DE and EUNM.DE has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
IUSQ.DE vs. EUNM.DE — Risk / Return Rank
IUSQ.DE
EUNM.DE
IUSQ.DE vs. EUNM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) 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.
| IUSQ.DE | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 4.40 | -0.43 |
| Martin ratioReturn relative to average drawdown | 16.29 | 15.27 | +1.02 |
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Drawdowns
IUSQ.DE vs. EUNM.DE - Drawdown Comparison
The maximum IUSQ.DE drawdown since its inception was -33.60%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for IUSQ.DE and EUNM.DE.
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Drawdown Indicators
| IUSQ.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -35.91% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -10.47% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -19.02% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | -23.61% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -31.88% | -1.72% |
Current DrawdownCurrent decline from peak | -1.37% | -3.40% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -10.51% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 3.02% | -1.44% |
Volatility
IUSQ.DE vs. EUNM.DE - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) is 3.41%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 7.44%. This indicates that IUSQ.DE 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
| IUSQ.DE | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 7.44% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 15.75% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 18.43% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 16.83% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 18.22% | -3.19% |
IUSQ.DE vs. EUNM.DE - Expense Ratio Comparison
IUSQ.DE has a 0.20% expense ratio, which is higher than EUNM.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSQ.DE vs. EUNM.DE - Dividend Comparison
Neither IUSQ.DE nor EUNM.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSQ.DE and EUNM.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for IUSQ.DE.
IUSQ.DE is categorized as Global Equities, while EUNM.DE is Emerging Markets Equities. IUSQ.DE tracks MSCI All Country World (ACWI), while EUNM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.20% for IUSQ.DE and 0.18% for EUNM.DE.
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