XEMD.DE vs. EUNI.DE
XEMD.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1D) and EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - XEMD.DE tracks the MSCI EM NR USD while EUNI.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 3 years, XEMD.DE returned 20.80%/yr vs 13.85%/yr for EUNI.DE. A 0.76 correlation means they provide meaningful diversification when combined. XEMD.DE charges 0.18%/yr vs 0.74%/yr for EUNI.DE.
Performance
XEMD.DE vs. EUNI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD.DE achieves a 28.06% return, which is significantly higher than EUNI.DE's 16.80% return.
XEMD.DE
- 1D
- -1.59%
- 1M
- 6.02%
- YTD
- 28.06%
- 6M
- 29.15%
- 1Y
- 49.56%
- 3Y*
- 20.80%
- 5Y*
- —
- 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%
XEMD.DE vs. EUNI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 28.06% | 18.67% | 13.85% | 5.68% | -14.85% | -1.50% |
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 0.28% |
Correlation
The correlation between XEMD.DE and EUNI.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.76 |
The correlation between XEMD.DE and EUNI.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
XEMD.DE vs. EUNI.DE — Risk / Return Rank
XEMD.DE
EUNI.DE
XEMD.DE vs. EUNI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.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.
| XEMD.DE | EUNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 3.23 | +1.37 |
| Martin ratioReturn relative to average drawdown | 16.76 | 10.53 | +6.24 |
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
| XEMD.DE | EUNI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 1.56 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.41 | +0.17 |
Drawdowns
XEMD.DE vs. EUNI.DE - Drawdown Comparison
The maximum XEMD.DE drawdown since its inception was -23.50%, smaller than the maximum EUNI.DE drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for XEMD.DE and EUNI.DE.
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Drawdown Indicators
| XEMD.DE | EUNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -41.89% | +18.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -7.95% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -21.15% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.89% | — |
Current DrawdownCurrent decline from peak | -2.54% | -2.54% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -10.57% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.44% | +0.51% |
Volatility
XEMD.DE vs. EUNI.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) has a higher volatility of 7.39% compared to iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) at 6.91%. This indicates that XEMD.DE's price experiences larger fluctuations and is considered to be riskier 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
| XEMD.DE | EUNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 6.91% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 14.01% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 16.45% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 15.21% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.84% | -0.08% |
XEMD.DE vs. EUNI.DE - Expense Ratio Comparison
XEMD.DE has a 0.18% expense ratio, which is lower than EUNI.DE's 0.74% expense ratio.
Dividends
XEMD.DE vs. EUNI.DE - Dividend Comparison
XEMD.DE's dividend yield for the trailing twelve months is around 1.55%, 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% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 1.55% | 1.92% | 3.01% | 2.38% | 2.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEMD.DE and EUNI.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEMD.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEMD.DE is cheaper with a 0.18% expense ratio, compared with 0.74% for EUNI.DE.
XEMD.DE tracks MSCI EM NR USD, while EUNI.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XEMD.DE and 0.74% for EUNI.DE.
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