XEMD.DE vs. EUNM.DE
XEMD.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1D) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both Emerging Markets Equities funds - XEMD.DE tracks the MSCI EM NR USD while EUNM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XEMD.DE returned 21.55%/yr vs 21.84%/yr for EUNM.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
XEMD.DE vs. EUNM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XEMD.DE having a 28.81% return and EUNM.DE slightly higher at 28.89%.
XEMD.DE
- 1D
- 0.00%
- 1M
- 1.80%
- YTD
- 28.81%
- 6M
- 30.06%
- 1Y
- 47.33%
- 3Y*
- 21.55%
- 5Y*
- —
- 10Y*
- —
EUNM.DE
- 1D
- 0.65%
- 1M
- 2.55%
- YTD
- 28.89%
- 6M
- 30.59%
- 1Y
- 48.36%
- 3Y*
- 21.84%
- 5Y*
- 8.38%
- 10Y*
- 10.24%
XEMD.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 28.81% | 18.67% | 13.85% | 5.68% | -14.85% | -1.58% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 28.89% | 19.20% | 14.09% | 5.71% | -14.48% | -1.76% |
Correlation
The correlation between XEMD.DE and EUNM.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.99 |
The correlation between XEMD.DE and EUNM.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
XEMD.DE vs. EUNM.DE — Risk / Return Rank
XEMD.DE
EUNM.DE
XEMD.DE vs. EUNM.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 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.
| XEMD.DE | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 4.60 | -0.16 |
| Martin ratioReturn relative to average drawdown | 15.41 | 15.79 | -0.38 |
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Drawdowns
XEMD.DE vs. EUNM.DE - Drawdown Comparison
The maximum XEMD.DE drawdown since its inception was -23.50%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for XEMD.DE and EUNM.DE.
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Drawdown Indicators
| XEMD.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -35.91% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -10.47% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -19.02% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.88% | — |
Current DrawdownCurrent decline from peak | -4.55% | -3.88% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -10.49% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.05% | +0.03% |
Volatility
XEMD.DE vs. EUNM.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) and iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) have volatilities of 8.80% and 8.81%, 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
| XEMD.DE | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 8.81% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 16.82% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 19.18% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 17.04% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.30% | -1.23% |
XEMD.DE vs. EUNM.DE - Expense Ratio Comparison
Both XEMD.DE and EUNM.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XEMD.DE vs. EUNM.DE - Dividend Comparison
XEMD.DE's dividend yield for the trailing twelve months is around 1.54%, while EUNM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 1.54% | 1.92% | 3.01% | 2.38% | 2.66% |
Frequently Asked Questions
With a correlation of 0.98, XEMD.DE and EUNM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XEMD.DE and EUNM.DE have the same expense ratio: 0.18% per year.
XEMD.DE tracks MSCI EM NR USD, while EUNM.DE tracks MSCI Emerging Markets. They also come from different issuers: Xtrackers and iShares.
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