VALU.DE vs. EUN0.DE
VALU.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - VALU.DE tracks the BNP Paribas Value Europe ESG while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, VALU.DE returned 7.79%/yr vs 7.36%/yr for EUN0.DE. A 0.80 correlation means they provide meaningful diversification when combined. VALU.DE charges 0.30%/yr vs 0.25%/yr for EUN0.DE.
Performance
VALU.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VALU.DE achieves a 10.35% return, which is significantly higher than EUN0.DE's 5.60% return.
VALU.DE
- 1D
- 0.71%
- 1M
- 1.81%
- YTD
- 10.35%
- 6M
- 13.44%
- 1Y
- 18.68%
- 3Y*
- 16.63%
- 5Y*
- 7.79%
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
VALU.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALU.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.35% | 23.55% | 9.22% | 14.94% | -19.32% | 23.14% | -12.18% | 17.78% | -12.49% | 17.81% |
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% | -4.36% | 9.14% |
Correlation
The correlation between VALU.DE and EUN0.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.80 |
The correlation between VALU.DE and EUN0.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
VALU.DE vs. EUN0.DE — Risk / Return Rank
VALU.DE
EUN0.DE
VALU.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.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.
| VALU.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.76 | +1.65 |
| Martin ratioReturn relative to average drawdown | 8.31 | 1.97 | +6.33 |
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
| VALU.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 0.62 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.66 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.63 | -0.15 |
Drawdowns
VALU.DE vs. EUN0.DE - Drawdown Comparison
The maximum VALU.DE drawdown since its inception was -41.04%, 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 VALU.DE and EUN0.DE.
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Drawdown Indicators
| VALU.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -30.68% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -7.16% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -10.73% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -19.64% | -11.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -1.01% | -3.12% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -4.69% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.76% | -0.52% |
Volatility
VALU.DE vs. EUN0.DE - Volatility Comparison
BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) has a higher volatility of 3.65% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that VALU.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
| VALU.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.03% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 7.20% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 8.77% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 11.02% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 12.51% | +3.25% |
VALU.DE vs. EUN0.DE - Expense Ratio Comparison
VALU.DE has a 0.30% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
VALU.DE vs. EUN0.DE - Dividend Comparison
Neither VALU.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
VALU.DE and EUN0.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for VALU.DE.
VALU.DE tracks BNP Paribas Value Europe ESG, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for VALU.DE and 0.25% for EUN0.DE.
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