SLMC.DE vs. EUN0.DE
SLMC.DE (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds from iShares - SLMC.DE tracks the MSCI Europe ESG Screened while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, SLMC.DE returned 9.56%/yr vs 7.36%/yr for EUN0.DE. Their correlation of 0.86 suggests significant overlap in exposure. SLMC.DE charges 0.12%/yr vs 0.25%/yr for EUN0.DE.
Performance
SLMC.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMC.DE achieves a 7.14% return, which is significantly higher than EUN0.DE's 5.60% return.
SLMC.DE
- 1D
- 0.66%
- 1M
- 1.35%
- YTD
- 7.14%
- 6M
- 9.76%
- 1Y
- 15.36%
- 3Y*
- 13.78%
- 5Y*
- 9.56%
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
SLMC.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLMC.DE iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) | 7.14% | 18.79% | 8.99% | 17.54% | -11.33% | 24.92% | -1.75% | 27.93% | -4.14% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -2.83% |
Correlation
The correlation between SLMC.DE and EUN0.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.86 |
The correlation between SLMC.DE and EUN0.DE has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.
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Return for Risk
SLMC.DE vs. EUN0.DE — Risk / Return Rank
SLMC.DE
EUN0.DE
SLMC.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.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.
| SLMC.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.76 | +0.77 |
| Martin ratioReturn relative to average drawdown | 5.72 | 1.97 | +3.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLMC.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.62 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.66 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.63 | +0.01 |
Drawdowns
SLMC.DE vs. EUN0.DE - Drawdown Comparison
The maximum SLMC.DE drawdown since its inception was -34.92%, 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 SLMC.DE and EUN0.DE.
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Drawdown Indicators
| SLMC.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.92% | -30.68% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -7.16% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -10.73% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -19.64% | -1.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -1.46% | -3.12% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -4.69% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.76% | -0.05% |
Volatility
SLMC.DE vs. EUN0.DE - Volatility Comparison
iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE) has a higher volatility of 4.40% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that SLMC.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
| SLMC.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 3.03% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 7.20% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 8.77% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 11.02% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 12.51% | +4.01% |
SLMC.DE vs. EUN0.DE - Expense Ratio Comparison
SLMC.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
SLMC.DE vs. EUN0.DE - Dividend Comparison
Neither SLMC.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMC.DE and EUN0.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLMC.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLMC.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for EUN0.DE.
SLMC.DE tracks MSCI Europe ESG Screened, while EUN0.DE tracks MSCI Europe Minimum Volatility. Their fees differ too: 0.12% for SLMC.DE and 0.25% for EUN0.DE.
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