SK9A.DE vs. EUN0.DE
SK9A.DE (Expat Slovakia SAX UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - SK9A.DE tracks the SAX Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, SK9A.DE returned -11.34%/yr vs 7.00%/yr for EUN0.DE. At a 0.03 correlation, their price movements are largely independent. SK9A.DE charges 1.38%/yr vs 0.25%/yr for EUN0.DE.
Performance
SK9A.DE vs. EUN0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SK9A.DE achieves a -5.23% return, which is significantly lower than EUN0.DE's 8.25% return.
SK9A.DE
- 1D
- 0.09%
- 1M
- 4.26%
- 6M
- -3.96%
- YTD
- -5.23%
- 1Y
- -8.43%
- 3Y*
- -8.81%
- 5Y*
- -11.34%
- 10Y*
- —
EUN0.DE
- 1D
- -0.16%
- 1M
- 1.38%
- 6M
- 6.73%
- YTD
- 8.25%
- 1Y
- 11.36%
- 3Y*
- 11.86%
- 5Y*
- 7.00%
- 10Y*
- 6.85%
SK9A.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.23% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 8.25% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -2.96% |
Correlation
The correlation between SK9A.DE and EUN0.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SK9A.DE vs. EUN0.DE — Risk / Return Rank
SK9A.DE
EUN0.DE
SK9A.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Slovakia SAX UCITS ETF (SK9A.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| SK9A.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 1.58 | -2.13 |
| Martin ratioReturn relative to average drawdown | -1.04 | 4.89 | -5.93 |
Loading charts...
Drawdowns
SK9A.DE vs. EUN0.DE - Drawdown Comparison
The maximum SK9A.DE drawdown since its inception was -73.30%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for SK9A.DE and EUN0.DE.
Loading charts...
Drawdown Indicators
| SK9A.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.30% | -30.68% | -42.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.32% | -7.16% | -8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -31.08% | -10.73% | -20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -49.50% | -19.64% | -29.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -71.32% | -0.84% | -70.48% |
Average DrawdownAverage peak-to-trough decline | -45.90% | -4.66% | -41.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.06% | 2.32% | +5.74% |
Volatility
SK9A.DE vs. EUN0.DE - Volatility Comparison
Expat Slovakia SAX UCITS ETF (SK9A.DE) has a higher volatility of 5.90% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.48%. This indicates that SK9A.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SK9A.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 2.48% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 7.50% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 9.04% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 11.03% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 12.21% | +26.08% |
SK9A.DE vs. EUN0.DE - Expense Ratio Comparison
SK9A.DE has a 1.38% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
SK9A.DE vs. EUN0.DE - Dividend Comparison
Neither SK9A.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
SK9A.DE and EUN0.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for SK9A.DE.
SK9A.DE tracks SAX Index, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for SK9A.DE and 0.25% for EUN0.DE.
Find the right allocation for SK9A.DE and EUN0.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer