VFEA.DE vs. EUNZ.DE
VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - VFEA.DE tracks the FTSE Emerging while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, VFEA.DE returned 5.93%/yr vs 6.48%/yr for EUNZ.DE. Their correlation of 0.86 suggests significant overlap in exposure. VFEA.DE charges 0.22%/yr vs 0.40%/yr for EUNZ.DE.
Performance
VFEA.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VFEA.DE achieves a 12.59% return, which is significantly lower than EUNZ.DE's 18.69% return.
VFEA.DE
- 1D
- -0.47%
- 1M
- 2.09%
- YTD
- 12.59%
- 6M
- 13.26%
- 1Y
- 26.84%
- 3Y*
- 15.02%
- 5Y*
- 5.93%
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
VFEA.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc | 12.59% | 11.25% | 19.29% | 3.31% | -10.70% | 6.34% | 3.46% | 9.82% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 2.04% |
Correlation
The correlation between VFEA.DE and EUNZ.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.86 |
The correlation between VFEA.DE and EUNZ.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
VFEA.DE vs. EUNZ.DE — Risk / Return Rank
VFEA.DE
EUNZ.DE
VFEA.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.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.
| VFEA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.00 | +0.17 |
| Martin ratioReturn relative to average drawdown | 10.71 | 10.57 | +0.15 |
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
| VFEA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.85 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.56 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.35 | +0.08 |
Drawdowns
VFEA.DE vs. EUNZ.DE - Drawdown Comparison
The maximum VFEA.DE drawdown since its inception was -30.51%, roughly equal to the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for VFEA.DE and EUNZ.DE.
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Drawdown Indicators
| VFEA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.51% | -30.47% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -7.50% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -14.00% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -14.00% | -5.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.96% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -7.62% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.13% | +0.37% |
Volatility
VFEA.DE vs. EUNZ.DE - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) has a higher volatility of 5.45% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that VFEA.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 4.75% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 10.35% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 12.18% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 11.41% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 13.32% | +4.88% |
VFEA.DE vs. EUNZ.DE - Expense Ratio Comparison
VFEA.DE has a 0.22% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
VFEA.DE vs. EUNZ.DE - Dividend Comparison
Neither VFEA.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
VFEA.DE and EUNZ.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEA.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.DE is cheaper with a 0.22% expense ratio, compared with 0.40% for EUNZ.DE.
VFEA.DE tracks FTSE Emerging, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VFEA.DE and 0.40% for EUNZ.DE.
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