SLMB.DE vs. EUN0.DE
SLMB.DE (iShares MSCI EMU Screened UCITS ETF EUR (Dist)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds from iShares - SLMB.DE tracks the MSCI EMU Screened Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, SLMB.DE returned 10.71%/yr vs 7.00%/yr for EUN0.DE. A 0.78 correlation means they provide meaningful diversification when combined. SLMB.DE charges 0.12%/yr vs 0.25%/yr for EUN0.DE.
Performance
SLMB.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMB.DE achieves a 10.88% return, which is significantly higher than EUN0.DE's 8.25% return.
SLMB.DE
- 1D
- -0.22%
- 1M
- -0.08%
- 6M
- 7.79%
- YTD
- 10.88%
- 1Y
- 20.21%
- 3Y*
- 15.41%
- 5Y*
- 10.71%
- 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%
SLMB.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLMB.DE iShares MSCI EMU Screened UCITS ETF EUR (Dist) | 10.88% | 22.96% | 9.33% | 19.66% | -12.70% | 22.35% | 0.18% | 26.56% | -7.21% |
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% | -3.56% |
Correlation
The correlation between SLMB.DE and EUN0.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.78 |
The correlation between SLMB.DE and EUN0.DE shifts across timeframes, from 0.62 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SLMB.DE vs. EUN0.DE — Risk / Return Rank
SLMB.DE
EUN0.DE
SLMB.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Screened UCITS ETF EUR (Dist) (SLMB.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.
| SLMB.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.58 | +0.41 |
| Martin ratioReturn relative to average drawdown | 7.37 | 4.89 | +2.48 |
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Drawdowns
SLMB.DE vs. EUN0.DE - Drawdown Comparison
The maximum SLMB.DE drawdown since its inception was -37.65%, 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 SLMB.DE and EUN0.DE.
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Drawdown Indicators
| SLMB.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -30.68% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -7.16% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -10.73% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -19.64% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -1.83% | -0.84% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.66% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.32% | +0.42% |
Volatility
SLMB.DE vs. EUN0.DE - Volatility Comparison
iShares MSCI EMU Screened UCITS ETF EUR (Dist) (SLMB.DE) has a higher volatility of 3.82% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.48%. This indicates that SLMB.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.
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Volatility by Period
| SLMB.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.48% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 7.50% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.56% | 9.04% | +5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 11.03% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 12.21% | +5.75% |
SLMB.DE vs. EUN0.DE - Expense Ratio Comparison
SLMB.DE has a 0.12% expense ratio, which is lower than EUN0.DE's 0.25% 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
SLMB.DE vs. EUN0.DE - Dividend Comparison
SLMB.DE's dividend yield for the trailing twelve months is around 2.51%, while EUN0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLMB.DE iShares MSCI EMU Screened UCITS ETF EUR (Dist) | 2.51% | 2.71% | 3.02% | 2.74% | 2.88% | 1.99% | 1.67% | 2.91% |
Frequently Asked Questions
SLMB.DE and EUN0.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLMB.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLMB.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for EUN0.DE.
SLMB.DE tracks MSCI EMU Screened Index, while EUN0.DE tracks MSCI Europe Minimum Volatility. Their fees differ too: 0.12% for SLMB.DE and 0.25% for EUN0.DE.
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