XB4A.DE vs. EUN0.DE
XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - XB4A.DE tracks the ATX Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, XB4A.DE returned 15.98%/yr vs 7.22%/yr for EUN0.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
XB4A.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XB4A.DE achieves a 26.47% return, which is significantly higher than EUN0.DE's 9.17% return. Over the past 10 years, XB4A.DE has outperformed EUN0.DE with an annualized return of 15.98%, while EUN0.DE has yielded a comparatively lower 7.22% annualized return.
XB4A.DE
- 1D
- 1.02%
- 1M
- 8.17%
- 6M
- 25.41%
- YTD
- 26.47%
- 1Y
- 51.75%
- 3Y*
- 31.70%
- 5Y*
- 17.96%
- 10Y*
- 15.98%
EUN0.DE
- 1D
- 0.50%
- 1M
- 3.95%
- 6M
- 8.82%
- YTD
- 9.17%
- 1Y
- 11.85%
- 3Y*
- 11.83%
- 5Y*
- 7.46%
- 10Y*
- 7.22%
XB4A.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 26.47% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 9.17% | 12.27% | 11.42% | 10.79% | -13.21% | 21.52% | -4.02% | 24.18% | -4.36% | 9.14% |
Correlation
The correlation between XB4A.DE and EUN0.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2013 | 0.56 |
The correlation between XB4A.DE and EUN0.DE shifts across timeframes, from 0.43 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XB4A.DE vs. EUN0.DE — Risk / Return Rank
XB4A.DE
EUN0.DE
XB4A.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| XB4A.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.24 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 1.65 | +3.08 |
| Martin ratioReturn relative to average drawdown | 16.12 | 5.07 | +11.05 |
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Drawdowns
XB4A.DE vs. EUN0.DE - Drawdown Comparison
The maximum XB4A.DE drawdown since its inception was -53.54%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for XB4A.DE and EUN0.DE.
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Drawdown Indicators
| XB4A.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.54% | -30.68% | -22.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -7.16% | -3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -10.73% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -19.64% | -12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -53.54% | -30.68% | -22.86% |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -4.67% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.33% | +0.87% |
Volatility
XB4A.DE vs. EUN0.DE - Volatility Comparison
Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a higher volatility of 6.08% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.30%. This indicates that XB4A.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB4A.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 2.30% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 7.44% | +7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 8.98% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 11.05% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 12.23% | +7.98% |
XB4A.DE vs. EUN0.DE - Expense Ratio Comparison
Both XB4A.DE and EUN0.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XB4A.DE vs. EUN0.DE - Dividend Comparison
Neither XB4A.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
XB4A.DE and EUN0.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE and EUN0.DE have the same expense ratio: 0.25% per year.
XB4A.DE tracks ATX Index, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Xtrackers and iShares.
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