VFEM.DE vs. EUNI.DE
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - VFEM.DE tracks the MSCI EM NR USD while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs 7.89%/yr for EUNI.DE. Their correlation of 0.81 suggests significant overlap in exposure. VFEM.DE charges 0.22%/yr vs 0.74%/yr for EUNI.DE.
Performance
VFEM.DE vs. EUNI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VFEM.DE achieves a 12.66% return, which is significantly lower than EUNI.DE's 16.80% return.
VFEM.DE
- 1D
- -0.53%
- 1M
- 2.23%
- YTD
- 12.66%
- 6M
- 13.06%
- 1Y
- 26.52%
- 3Y*
- 15.05%
- 5Y*
- 6.01%
- 10Y*
- —
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%
VFEM.DE vs. EUNI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.66% | 11.40% | 19.82% | 3.29% | -11.02% | 6.34% | 3.56% | 23.57% | -9.32% | 1.86% |
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% | 3.06% |
Correlation
The correlation between VFEM.DE and EUNI.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.81 |
The correlation between VFEM.DE and EUNI.DE has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
VFEM.DE vs. EUNI.DE — Risk / Return Rank
VFEM.DE
EUNI.DE
VFEM.DE vs. EUNI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.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.
| VFEM.DE | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.23 | -0.12 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.53 | -0.16 |
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
| VFEM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.56 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.51 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.41 | -0.05 |
Drawdowns
VFEM.DE vs. EUNI.DE - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and EUNI.DE.
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Drawdown Indicators
| VFEM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -41.89% | +10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -7.95% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -21.15% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -21.15% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.89% | — |
Current DrawdownCurrent decline from peak | -1.73% | -2.54% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -10.57% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.44% | +0.11% |
Volatility
VFEM.DE vs. EUNI.DE - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) is 5.44%, while iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) has a volatility of 6.91%. This indicates that VFEM.DE experiences smaller price fluctuations and is considered to be less risky 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
| VFEM.DE | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 6.91% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 14.01% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 16.45% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 15.21% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 16.84% | +1.36% |
VFEM.DE vs. EUNI.DE - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
VFEM.DE vs. EUNI.DE - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, more than EUNI.DE's 0.81% yield.
| 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% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 2.04% | 2.39% | 2.28% | 2.66% | 3.38% | 2.26% | 1.93% | 2.32% | 2.79% | 0.20% | 0.00% | 0.00% |
Frequently Asked Questions
VFEM.DE and EUNI.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEM.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEM.DE is cheaper with a 0.22% expense ratio, compared with 0.74% for EUNI.DE.
VFEM.DE tracks MSCI EM NR USD, while EUNI.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VFEM.DE and 0.74% for EUNI.DE.
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