UIMA.DE vs. EUNK.DE
UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds tracking the MSCI Europe, from UBS and iShares respectively. Both are passively managed. Over the past 10 years, UIMA.DE returned 9.17%/yr vs 9.16%/yr for EUNK.DE. Their correlation of 0.94 suggests significant overlap in exposure. UIMA.DE charges 0.10%/yr vs 0.12%/yr for EUNK.DE.
Performance
UIMA.DE vs. EUNK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UIMA.DE having a 7.64% return and EUNK.DE slightly lower at 7.32%. Both investments have delivered pretty close results over the past 10 years, with UIMA.DE having a 9.17% annualized return and EUNK.DE not far behind at 9.16%.
UIMA.DE
- 1D
- 0.62%
- 1M
- 1.25%
- YTD
- 7.64%
- 6M
- 10.05%
- 1Y
- 16.12%
- 3Y*
- 13.82%
- 5Y*
- 10.02%
- 10Y*
- 9.17%
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
UIMA.DE vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 7.64% | 20.65% | 8.36% | 15.54% | -9.27% | 24.93% | -3.30% | 27.60% | -11.02% | 11.02% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
Correlation
The correlation between UIMA.DE and EUNK.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.94 |
The correlation between UIMA.DE and EUNK.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
UIMA.DE vs. EUNK.DE — Risk / Return Rank
UIMA.DE
EUNK.DE
UIMA.DE vs. EUNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| UIMA.DE | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.69 | +0.06 |
| Martin ratioReturn relative to average drawdown | 6.51 | 6.26 | +0.25 |
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
| UIMA.DE | EUNK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.25 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.52 | -0.03 |
Drawdowns
UIMA.DE vs. EUNK.DE - Drawdown Comparison
The maximum UIMA.DE drawdown since its inception was -35.78%, roughly equal to the maximum EUNK.DE drawdown of -35.45%. Use the drawdown chart below to compare losses from any high point for UIMA.DE and EUNK.DE.
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Drawdown Indicators
| UIMA.DE | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.78% | -35.45% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -9.52% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -16.58% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -19.45% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.78% | -35.45% | -0.33% |
Current DrawdownCurrent decline from peak | -1.50% | -1.68% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -5.31% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.57% | -0.04% |
Volatility
UIMA.DE vs. EUNK.DE - Volatility Comparison
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) have volatilities of 4.30% and 4.33%, 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
| UIMA.DE | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.33% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 10.59% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 12.85% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 14.20% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 15.49% | +0.08% |
UIMA.DE vs. EUNK.DE - Expense Ratio Comparison
UIMA.DE has a 0.10% expense ratio, which is lower than EUNK.DE's 0.12% 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
UIMA.DE vs. EUNK.DE - Dividend Comparison
UIMA.DE's dividend yield for the trailing twelve months is around 3.16%, while EUNK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 3.16% | 2.48% | 2.67% | 2.74% | 2.91% | 2.02% | 2.06% | 2.87% | 3.38% | 2.91% | 3.95% | 3.24% |
Frequently Asked Questions
With a correlation of 0.99, UIMA.DE and EUNK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UIMA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMA.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for EUNK.DE.
Both ETFs track MSCI Europe. They also come from different issuers: UBS and iShares. Their fees differ too: 0.10% for UIMA.DE and 0.12% for EUNK.DE.
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