XMKA.DE vs. EUNY.DE
XMKA.DE (Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc)) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - XMKA.DE tracks the MSCI EFM Africa Top 50 Capped Index while EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 10 years, XMKA.DE returned 3.73%/yr vs 6.39%/yr for EUNY.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
XMKA.DE vs. EUNY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMKA.DE achieves a 0.44% return, which is significantly lower than EUNY.DE's 9.92% return. Over the past 10 years, XMKA.DE has underperformed EUNY.DE with an annualized return of 3.73%, while EUNY.DE has yielded a comparatively higher 6.39% annualized return.
XMKA.DE
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- -1.39%
- YTD
- 0.44%
- 1Y
- 18.36%
- 3Y*
- 15.85%
- 5Y*
- 6.25%
- 10Y*
- 3.73%
EUNY.DE
- 1D
- 1.27%
- 1M
- -1.95%
- 6M
- 8.25%
- YTD
- 9.92%
- 1Y
- 21.22%
- 3Y*
- 16.25%
- 5Y*
- 5.02%
- 10Y*
- 6.39%
XMKA.DE vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMKA.DE Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) | 0.44% | 36.20% | 10.13% | -6.42% | -6.03% | 12.80% | -15.94% | 13.45% | -15.31% | 10.09% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 9.92% | 13.97% | 12.41% | 15.34% | -26.11% | 20.00% | -11.72% | 18.34% | -1.57% | 10.55% |
Correlation
The correlation between XMKA.DE and EUNY.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.62 |
The correlation between XMKA.DE and EUNY.DE shifts across timeframes, from 0.42 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMKA.DE vs. EUNY.DE — Risk / Return Rank
XMKA.DE
EUNY.DE
XMKA.DE vs. EUNY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) and iShares Emerging Markets Dividend UCITS ETF (EUNY.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.
| XMKA.DE | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.91 | -2.79 |
| Martin ratioReturn relative to average drawdown | 2.77 | 11.46 | -8.70 |
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Drawdowns
XMKA.DE vs. EUNY.DE - Drawdown Comparison
The maximum XMKA.DE drawdown since its inception was -51.47%, roughly equal to the maximum EUNY.DE drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for XMKA.DE and EUNY.DE.
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Drawdown Indicators
| XMKA.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -50.11% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -5.40% | -10.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -15.70% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -31.41% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -36.29% | -10.92% |
Current DrawdownCurrent decline from peak | -9.25% | -4.14% | -5.11% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -20.28% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 1.85% | +4.77% |
Volatility
XMKA.DE vs. EUNY.DE - Volatility Comparison
Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) has a higher volatility of 6.54% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 4.38%. This indicates that XMKA.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMKA.DE | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 4.38% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 10.21% | +6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 12.47% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 15.68% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 16.68% | +5.03% |
XMKA.DE vs. EUNY.DE - Expense Ratio Comparison
Both XMKA.DE and EUNY.DE have an expense ratio of 0.65%.
Dividends
XMKA.DE vs. EUNY.DE - Dividend Comparison
XMKA.DE has not paid dividends to shareholders, while EUNY.DE's dividend yield for the trailing twelve months is around 5.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.13% | 5.83% | 7.71% | 8.05% | 9.57% | 6.35% | 5.09% | 5.58% | 5.64% | 4.10% | 4.36% | 6.39% |
XMKA.DE Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XMKA.DE and EUNY.DE have a correlation of 0.50, 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 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XMKA.DE and EUNY.DE have the same expense ratio: 0.65% per year.
XMKA.DE tracks MSCI EFM Africa Top 50 Capped Index, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. They also come from different issuers: Xtrackers and iShares.
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