SPYM.DE vs. EUNI.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - SPYM.DE tracks the MSCI Emerging Markets while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 10 years, SPYM.DE returned 9.90%/yr vs 8.99%/yr for EUNI.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYM.DE charges 0.18%/yr vs 0.74%/yr for EUNI.DE.
Performance
SPYM.DE vs. EUNI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 27.39% return, which is significantly higher than EUNI.DE's 16.80% return. Over the past 10 years, SPYM.DE has outperformed EUNI.DE with an annualized return of 9.90%, while EUNI.DE has yielded a comparatively lower 8.99% annualized return.
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
EUNI.DE
- 1D
- -0.41%
- 1M
- 0.36%
- YTD
- 16.80%
- 6M
- 16.35%
- 1Y
- 25.77%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
SPYM.DE vs. EUNI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 18.31% |
Correlation
The correlation between SPYM.DE and EUNI.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 19, 2011 | 0.85 |
The correlation between SPYM.DE and EUNI.DE has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
SPYM.DE vs. EUNI.DE — Risk / Return Rank
SPYM.DE
EUNI.DE
SPYM.DE vs. EUNI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) and iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.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.
| SPYM.DE | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.23 | +1.57 |
| Martin ratioReturn relative to average drawdown | 17.28 | 10.53 | +6.75 |
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
| SPYM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 1.56 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.51 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.41 | -0.07 |
Drawdowns
SPYM.DE vs. EUNI.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -36.28%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and EUNI.DE.
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Drawdown Indicators
| SPYM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -41.89% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -7.95% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -21.15% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -21.15% | -2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -41.89% | +10.20% |
Current DrawdownCurrent decline from peak | -2.74% | -2.54% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -10.57% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.44% | +0.45% |
Volatility
SPYM.DE vs. EUNI.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 7.34% compared to iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) at 6.91%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than EUNI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 6.91% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 14.01% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 16.45% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 15.21% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 16.84% | +1.56% |
SPYM.DE vs. EUNI.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
SPYM.DE vs. EUNI.DE - Dividend Comparison
SPYM.DE has not paid dividends to shareholders, while EUNI.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYM.DE and EUNI.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.74% for EUNI.DE.
SPYM.DE tracks MSCI Emerging Markets, while EUNI.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYM.DE and 0.74% for EUNI.DE.
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