XZEM.DE vs. EUNZ.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, XZEM.DE returned 3.14%/yr vs 6.48%/yr for EUNZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. XZEM.DE charges 0.25%/yr vs 0.40%/yr for EUNZ.DE.
Performance
XZEM.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEM.DE achieves a 11.70% return, which is significantly lower than EUNZ.DE's 18.69% return.
XZEM.DE
- 1D
- -1.27%
- 1M
- 1.22%
- YTD
- 11.70%
- 6M
- 11.70%
- 1Y
- 27.23%
- 3Y*
- 14.21%
- 5Y*
- 3.14%
- 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%
XZEM.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 11.70% | 16.53% | 16.91% | 0.19% | -14.31% | -4.19% | 6.11% | 9.91% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 2.27% |
Correlation
The correlation between XZEM.DE and EUNZ.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 | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2019 | 0.82 |
The correlation between XZEM.DE and EUNZ.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
XZEM.DE vs. EUNZ.DE — Risk / Return Rank
XZEM.DE
EUNZ.DE
XZEM.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.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.
| XZEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.00 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.36 | 10.57 | -2.21 |
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
| XZEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.85 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.56 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.35 | -0.07 |
Drawdowns
XZEM.DE vs. EUNZ.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.16%, which is greater than EUNZ.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and EUNZ.DE.
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Drawdown Indicators
| XZEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -30.47% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -7.50% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -14.00% | -6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -14.00% | -18.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -3.21% | -1.96% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -7.62% | -9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.13% | +1.12% |
Volatility
XZEM.DE vs. EUNZ.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) has a higher volatility of 5.92% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that XZEM.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
| XZEM.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 4.75% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 10.35% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 12.18% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 11.41% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 13.32% | +7.40% |
XZEM.DE vs. EUNZ.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
XZEM.DE vs. EUNZ.DE - Dividend Comparison
Neither XZEM.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEM.DE and EUNZ.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, XZEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEM.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for EUNZ.DE.
XZEM.DE tracks MSCI Emerging Markets Low Carbon SRI Leaders, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XZEM.DE and 0.40% for EUNZ.DE.
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