SXRS.DE vs. EUNZ.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, SXRS.DE returned 10.89%/yr vs 6.51%/yr for EUNZ.DE. At a 0.24 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.40%/yr for EUNZ.DE.
Performance
SXRS.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SXRS.DE having a 18.88% return and EUNZ.DE slightly higher at 19.80%.
SXRS.DE
- 1D
- -1.55%
- 1M
- -8.54%
- YTD
- 18.88%
- 6M
- 22.40%
- 1Y
- 29.92%
- 3Y*
- 10.89%
- 5Y*
- 10.89%
- 10Y*
- —
EUNZ.DE
- 1D
- 2.18%
- 1M
- 4.10%
- YTD
- 19.80%
- 6M
- 21.27%
- 1Y
- 23.44%
- 3Y*
- 11.22%
- 5Y*
- 6.51%
- 10Y*
- 6.51%
SXRS.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 18.88% | 4.68% | 11.06% | -10.49% | 20.61% | 40.00% | -13.38% | 9.88% | -21.55% | 5.80% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 19.80% | -0.12% | 15.71% | 3.83% | -8.85% | 13.09% | -2.49% | 10.54% | -1.87% | 3.93% |
Correlation
The correlation between SXRS.DE and EUNZ.DE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.24 |
Over the past year, the correlation between SXRS.DE and EUNZ.DE has dropped to 0.01 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
SXRS.DE vs. EUNZ.DE — Risk / Return Rank
SXRS.DE
EUNZ.DE
SXRS.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
| SXRS.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.11 | +0.30 |
| Martin ratioReturn relative to average drawdown | 7.38 | 10.82 | -3.44 |
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Drawdowns
SXRS.DE vs. EUNZ.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, which is greater than EUNZ.DE's maximum drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and EUNZ.DE.
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Drawdown Indicators
| SXRS.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -34.03% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -7.51% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -14.00% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -14.00% | -13.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.16% | — |
Current DrawdownCurrent decline from peak | -8.74% | -1.03% | -7.71% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -10.20% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.16% | +1.88% |
Volatility
SXRS.DE vs. EUNZ.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) have volatilities of 5.00% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 4.83% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 10.73% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 12.53% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 11.48% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 13.30% | +3.30% |
SXRS.DE vs. EUNZ.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
SXRS.DE vs. EUNZ.DE - Dividend Comparison
Neither SXRS.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and EUNZ.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for EUNZ.DE.
SXRS.DE is categorized as Commodities, while EUNZ.DE is Emerging Markets Equities. SXRS.DE tracks Bloomberg Commodity, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.19% for SXRS.DE and 0.40% for EUNZ.DE.
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