XEMD.DE vs. EUNZ.DE
XEMD.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1D) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - XEMD.DE tracks the MSCI EM NR USD while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 3 years, XEMD.DE returned 20.80%/yr vs 11.07%/yr for EUNZ.DE. Their correlation of 0.84 suggests significant overlap in exposure. XEMD.DE charges 0.18%/yr vs 0.40%/yr for EUNZ.DE.
Performance
XEMD.DE vs. EUNZ.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 EUNZ.DE's 18.69% return.
XEMD.DE
- 1D
- -1.59%
- 1M
- 6.02%
- YTD
- 28.06%
- 6M
- 29.15%
- 1Y
- 49.56%
- 3Y*
- 20.80%
- 5Y*
- —
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
XEMD.DE vs. EUNZ.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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 1.50% |
Correlation
The correlation between XEMD.DE and EUNZ.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.84 |
The correlation between XEMD.DE and EUNZ.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
XEMD.DE vs. EUNZ.DE — Risk / Return Rank
XEMD.DE
EUNZ.DE
XEMD.DE vs. EUNZ.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 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.
| XEMD.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.35 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 3.00 | +1.60 |
| Martin ratioReturn relative to average drawdown | 16.76 | 10.57 | +6.20 |
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 | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 1.85 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.35 | +0.23 |
Drawdowns
XEMD.DE vs. EUNZ.DE - Drawdown Comparison
The maximum XEMD.DE drawdown since its inception was -23.50%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for XEMD.DE and EUNZ.DE.
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Drawdown Indicators
| XEMD.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -30.47% | +6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -7.50% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -14.00% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -2.54% | -1.96% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -7.62% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.13% | +0.82% |
Volatility
XEMD.DE vs. EUNZ.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) has a higher volatility of 7.39% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that XEMD.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 4.75% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 10.35% | +4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 12.18% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 11.41% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 13.32% | +3.44% |
XEMD.DE vs. EUNZ.DE - Expense Ratio Comparison
XEMD.DE has a 0.18% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
XEMD.DE vs. EUNZ.DE - Dividend Comparison
XEMD.DE's dividend yield for the trailing twelve months is around 1.55%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 1.55% | 1.92% | 3.01% | 2.38% | 2.66% |
Frequently Asked Questions
XEMD.DE and EUNZ.DE have a correlation of 0.87, 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 0.40% for EUNZ.DE.
XEMD.DE tracks MSCI EM NR USD, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XEMD.DE and 0.40% for EUNZ.DE.
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