VFEM.DE vs. EUNZ.DE
VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - VFEM.DE tracks the MSCI EM NR USD while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, VFEM.DE returned 6.01%/yr vs 6.48%/yr for EUNZ.DE. Their correlation of 0.89 suggests significant overlap in exposure. VFEM.DE charges 0.22%/yr vs 0.40%/yr for EUNZ.DE.
Performance
VFEM.DE vs. EUNZ.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 EUNZ.DE's 18.69% 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*
- —
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%
VFEM.DE vs. EUNZ.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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 2.70% |
Correlation
The correlation between VFEM.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 Oct 27, 2017 | 0.89 |
The correlation between VFEM.DE and EUNZ.DE has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
VFEM.DE vs. EUNZ.DE — Risk / Return Rank
VFEM.DE
EUNZ.DE
VFEM.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 Distributing (VFEM.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.
| VFEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.00 | +0.11 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.57 | -0.20 |
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 | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.85 | -0.05 |
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 | 0.36 | 0.35 | +0.01 |
Drawdowns
VFEM.DE vs. EUNZ.DE - Drawdown Comparison
The maximum VFEM.DE drawdown since its inception was -31.59%, roughly equal to the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for VFEM.DE and EUNZ.DE.
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Drawdown Indicators
| VFEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.59% | -30.47% | -1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -7.50% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -14.00% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -14.00% | -6.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -1.73% | -1.96% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -7.62% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.13% | +0.42% |
Volatility
VFEM.DE vs. EUNZ.DE - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) has a higher volatility of 5.44% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that VFEM.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
| VFEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.75% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 10.35% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 12.18% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 11.41% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 13.32% | +4.88% |
VFEM.DE vs. EUNZ.DE - Expense Ratio Comparison
VFEM.DE has a 0.22% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
VFEM.DE vs. EUNZ.DE - Dividend Comparison
VFEM.DE's dividend yield for the trailing twelve months is around 2.04%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
VFEM.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, 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 0.40% for EUNZ.DE.
VFEM.DE tracks MSCI EM NR USD, 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 VFEM.DE and 0.40% for EUNZ.DE.
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