WTEI.DE vs. EUNZ.DE
WTEI.DE (WisdomTree Emerging Markets Equity Income UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - WTEI.DE tracks the WisdomTree Emerging Markets Equity Income while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, WTEI.DE returned 10.93%/yr vs 6.48%/yr for EUNZ.DE. A 0.74 correlation means they provide meaningful diversification when combined. WTEI.DE charges 0.46%/yr vs 0.40%/yr for EUNZ.DE.
Performance
WTEI.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WTEI.DE having a 19.49% return and EUNZ.DE slightly lower at 18.69%.
WTEI.DE
- 1D
- -1.03%
- 1M
- 4.16%
- YTD
- 19.49%
- 6M
- 19.16%
- 1Y
- 27.05%
- 3Y*
- 15.85%
- 5Y*
- 10.93%
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
WTEI.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF | 19.49% | 7.76% | 11.91% | 16.94% | -7.18% | 22.68% | 6.08% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | 9.67% |
Correlation
The correlation between WTEI.DE and EUNZ.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2020 | 0.74 |
The correlation between WTEI.DE and EUNZ.DE has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
WTEI.DE vs. EUNZ.DE — Risk / Return Rank
WTEI.DE
EUNZ.DE
WTEI.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.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.
| WTEI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 3.00 | +1.45 |
| Martin ratioReturn relative to average drawdown | 16.42 | 10.57 | +5.85 |
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
| WTEI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.85 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.56 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.35 | +0.54 |
Drawdowns
WTEI.DE vs. EUNZ.DE - Drawdown Comparison
The maximum WTEI.DE drawdown since its inception was -16.73%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for WTEI.DE and EUNZ.DE.
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Drawdown Indicators
| WTEI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -30.47% | +13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -7.50% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -14.00% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -14.00% | -2.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.96% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -7.62% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.13% | -0.50% |
Volatility
WTEI.DE vs. EUNZ.DE - Volatility Comparison
WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) have volatilities of 4.57% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTEI.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 4.75% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 10.35% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 12.18% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 11.41% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 13.32% | +0.65% |
WTEI.DE vs. EUNZ.DE - Expense Ratio Comparison
WTEI.DE has a 0.46% expense ratio, which is higher than EUNZ.DE's 0.40% expense ratio.
Dividends
WTEI.DE vs. EUNZ.DE - Dividend Comparison
WTEI.DE's dividend yield for the trailing twelve months is around 3.73%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF | 3.73% | 4.52% | 7.52% | 6.96% | 7.43% | 3.95% | 1.46% |
Frequently Asked Questions
WTEI.DE and EUNZ.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNZ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNZ.DE is cheaper with a 0.40% expense ratio, compared with 0.46% for WTEI.DE.
WTEI.DE tracks WisdomTree Emerging Markets Equity Income, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.46% for WTEI.DE and 0.40% for EUNZ.DE.
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