VUAA.DE vs. EUNM.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, VUAA.DE returned 14.30%/yr vs 8.28%/yr for EUNM.DE. A 0.58 correlation means they provide meaningful diversification when combined. VUAA.DE charges 0.07%/yr vs 0.18%/yr for EUNM.DE.
Performance
VUAA.DE vs. EUNM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 9.96% return, which is significantly lower than EUNM.DE's 26.16% return.
VUAA.DE
- 1D
- 1.54%
- 1M
- 0.58%
- YTD
- 9.96%
- 6M
- 10.78%
- 1Y
- 24.90%
- 3Y*
- 18.05%
- 5Y*
- 14.30%
- 10Y*
- —
EUNM.DE
- 1D
- 3.17%
- 1M
- 4.59%
- YTD
- 26.16%
- 6M
- 28.73%
- 1Y
- 48.04%
- 3Y*
- 19.51%
- 5Y*
- 8.28%
- 10Y*
- 10.07%
VUAA.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 9.96% | 4.69% | 32.69% | 22.51% | -14.29% | 40.75% | 5.89% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 19.20% | 14.09% | 5.71% | -14.48% | 4.68% | 11.56% |
Correlation
The correlation between VUAA.DE and EUNM.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.58 |
The correlation between VUAA.DE and EUNM.DE shifts across timeframes, from 0.56 (5 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUAA.DE vs. EUNM.DE — Risk / Return Rank
VUAA.DE
EUNM.DE
VUAA.DE vs. EUNM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and iShares MSCI EM UCITS ETF (Acc) (EUNM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VUAA.DE | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 4.40 | -0.91 |
| Martin ratioReturn relative to average drawdown | 12.44 | 15.27 | -2.83 |
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Drawdowns
VUAA.DE vs. EUNM.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and EUNM.DE.
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Drawdown Indicators
| VUAA.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -35.91% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -10.47% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -19.02% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -23.61% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.88% | — |
Current DrawdownCurrent decline from peak | -1.74% | -3.40% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -10.51% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.02% | -1.06% |
Volatility
VUAA.DE vs. EUNM.DE - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 3.07%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 7.44%. This indicates that VUAA.DE experiences smaller price fluctuations and is considered to be less risky than EUNM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUAA.DE | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 7.44% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 15.75% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 18.43% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 16.83% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 18.22% | -0.61% |
VUAA.DE vs. EUNM.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than EUNM.DE's 0.18% 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
VUAA.DE vs. EUNM.DE - Dividend Comparison
Neither VUAA.DE nor EUNM.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% |
Frequently Asked Questions
VUAA.DE and EUNM.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for EUNM.DE.
VUAA.DE is categorized as S&P 500, while EUNM.DE is Emerging Markets Equities. VUAA.DE tracks S&P 500 Index, while EUNM.DE tracks MSCI Emerging Markets. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VUAA.DE and 0.18% for EUNM.DE.
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