OM3Y.DE vs. EUNZ.DE
OM3Y.DE (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds from iShares - OM3Y.DE tracks the MSCI Emerging Markets IMI Screened Index while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, OM3Y.DE returned 6.83%/yr vs 5.66%/yr for EUNZ.DE. Their correlation of 0.88 suggests significant overlap in exposure. OM3Y.DE charges 0.18%/yr vs 0.40%/yr for EUNZ.DE.
Performance
OM3Y.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OM3Y.DE achieves a 18.31% return, which is significantly higher than EUNZ.DE's 15.09% return.
OM3Y.DE
- 1D
- -2.11%
- 1M
- -8.59%
- 6M
- 11.27%
- YTD
- 18.31%
- 1Y
- 30.50%
- 3Y*
- 17.70%
- 5Y*
- 6.83%
- 10Y*
- —
EUNZ.DE
- 1D
- -1.36%
- 1M
- -6.10%
- 6M
- 10.06%
- YTD
- 15.09%
- 1Y
- 17.52%
- 3Y*
- 10.69%
- 5Y*
- 5.66%
- 10Y*
- 5.16%
OM3Y.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.31% | 17.76% | 13.99% | 6.72% | -14.83% | 6.11% | 8.07% | 21.61% | -12.55% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 15.09% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | 2.79% |
Correlation
The correlation between OM3Y.DE and EUNZ.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.88 |
The correlation between OM3Y.DE and EUNZ.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
OM3Y.DE vs. EUNZ.DE — Risk / Return Rank
OM3Y.DE
EUNZ.DE
OM3Y.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
| OM3Y.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.17 | +0.53 |
| Martin ratioReturn relative to average drawdown | 8.33 | 7.10 | +1.23 |
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Drawdowns
OM3Y.DE vs. EUNZ.DE - Drawdown Comparison
The maximum OM3Y.DE drawdown since its inception was -31.70%, smaller than the maximum EUNZ.DE drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for OM3Y.DE and EUNZ.DE.
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Drawdown Indicators
| OM3Y.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -34.03% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -8.02% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -14.00% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | -14.00% | -9.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.16% | — |
Current DrawdownCurrent decline from peak | -11.24% | -8.02% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -10.15% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.46% | +1.19% |
Volatility
OM3Y.DE vs. EUNZ.DE - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.DE) has a higher volatility of 8.46% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 6.06%. This indicates that OM3Y.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3Y.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 6.06% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.84% | 12.43% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 14.00% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 11.78% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 13.39% | +6.17% |
OM3Y.DE vs. EUNZ.DE - Expense Ratio Comparison
OM3Y.DE has a 0.18% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
OM3Y.DE vs. EUNZ.DE - Dividend Comparison
OM3Y.DE's dividend yield for the trailing twelve months is around 1.73%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.73% | 1.98% | 2.33% | 2.35% | 2.59% | 1.82% | 1.58% | 2.23% |
Frequently Asked Questions
OM3Y.DE and EUNZ.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3Y.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3Y.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for EUNZ.DE.
OM3Y.DE tracks MSCI Emerging Markets IMI Screened Index, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.18% for OM3Y.DE and 0.40% for EUNZ.DE.
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