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iShares MSCI EMU USD Hedged UCITS ETF (Acc)

iShares · IE00BWZN1T31

iShares MSCI EMU USD Hedged UCITS ETF (Acc) is an exchange-traded fund (ETF) from iShares, traded under the ticker EMUU (ISIN IE00BWZN1T31). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth…

· Tracks the MSCI EMU index ?

Equity ?Accumulating ?Physical ?Ireland ?

Mid-range feeReinvests dividendsOwns the shares directlyEurozone

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iShares funds Domiciled in Ireland Accumulating Physically replicated Eurozone stocks Yearly fee under 0.5%

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Fund size (AUM) ?

€260.2M

Risk level (SRI) ?

6 / 7 · High

1-year return ?

+22.2%

Total return · to 2026-07-20

Yearly fee (TER) ?

0.38%

All-in cost ≈ 0.38%

About this fund

What you own

The MSCI EMU index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 230 companies across Eurozone in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.38%Yearly fee (TER)

0.38%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

MSCI EMU

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Jun 2015

11-year track record

Recommended holding period

medium to long term

Performance

Growth of $100 invested — both lines start at $100.

iShares MSCI EMU USD Hedged UCITS ETF (Acc) Average MSCI EMU ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+13.1%

1 year+22.2%

3 years+18.2%

Return, year by year

+20.1

+10.6

+25.4

'23'24'25

3 of 3 up yearsBest: 2025 +25.4%Worst: 2024 +10.6%Calendar-year total returns, in USD

How bumpy has it been?

35.4%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-14.8%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

The bigger picture

+87.8%

Since inception

Total growth since launch — about +18.7% a year.

+28.7%

Best 12 months

The strongest one-year stretch on record.

-2.4%

Worst 12 months

The weakest one-year stretch on record.

-14.8%

Worst fall on record ?

It clawed back in about 1 month.

What's inside

By sector ?

Financials25.3%

Industrials20.2%

Technology16.2%

Consumer Discretionary8.0%

Utilities6.9%

Health Care5.9%

Consumer Staples5.4%

Materials3.9%

The 10 biggest holdings make up 29.1% of the fund — the rest is spread across roughly 219 more companies.

Top 10 holdings

#	Company	Weight
1	ASML HOLDING NV	9.2%
2	SIEMENS N AG	3.0%
3	BANCO SANTANDER SA	2.6%
4	ALLIANZ	2.3%
5	SCHNEIDER ELECTRIC	2.2%
6	SAP	2.1%
7	TOTALENERGIES	1.9%
8	SIEMENS ENERGY N AG	1.9%
9	BANCO BILBAO VIZCAYA ARGENTARIA SA	1.9%
10	IBERDROLA SA	1.9%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
LSE	EMUU	USD	★ Primary
EUR listings
Frankfurt	CEBP	EUR
USD listings
B2	CEBP	USD
B2	CEBPUSD	USD
B3	CEBPD	USD
B3	EMUUZ	USD
B3	EMUUL	USD
B4	CEBPUSD	USD
E1	CEBP1EUR	USD
E1	CEBPGBX	USD
E1	CEBPUSD	USD
EB	EMUUL	USD
EO	CEBP1EUR	USD
EO	CEBPUSD	USD
EP	CEBPUSD	USD
EP	CEBP1EUR	USD
EU	CEBP1EUR	USD
EU	CEBPUSD	USD
EU	CEBPGBX	USD
EZ	CEBP1EUR	USD
EZ	CEBPUSD	USD
GD	CEBP	USD
GF	CEBP	USD
GH	CEBP	USD
GS	CEBP	USD
GT	CEBP	USD
GZ	CEBP	USD
IX	EMUUL	USD
L1	CEBPD	USD
L1	EMUUL	USD
L3	CEBPD	USD
L3	EMUUL	USD
LA	CEBP	USD
London Stock Exchange	EMUU	USD
LU	CEBP	USD
MF	EMUUN	USD
MM	EMUUN	USD
MU	EMUUN	USD
PO	EMUUL	USD
PO	CEBPD	USD
PQ	ISVPF	USD
PZ	EMUU	USD
QE	CEBPD	USD
QT	CEBP	USD
QX	EMUUZ	USD
QX	EMUUL	USD
QX	CEBPD	USD
S1	EMUUL	USD
SE	EMUU	USD
T2	EMUU	USD
T2	CEBP	USD
TH	CEBP	USD
TQ	EMUUL	USD
US	ISVPF	USD
UV	ISVPF	USD
WT	EMUU	USD
WT	CEBP	USD
X9	CEBP1EUR	USD
X9	CEBPUSD	USD
XA	CEBP1EUR	USD
XA	CEBPGBX	USD
XA	CEBPUSD	USD
XE	CEBPUSD	USD
XE	CEBPGBX	USD
XE	CEBP1EUR	USD
XF	CEBP1EUR	USD
XF	CEBPGBX	USD
XF	CEBPUSD	USD
XG	CEBPUSD	USD
XG	CEBPGBX	USD
XG	CEBP1EUR	USD
XH	CEBP1EUR	USD
XH	CEBPGBX	USD
XH	CEBPUSD	USD
XJ	CEBPUSD	USD
XJ	CEBPGBX	USD
XJ	CEBP1EUR	USD
XL	CEBP1EUR	USD
XL	CEBPGBX	USD
XL	CEBPUSD	USD
XO	CEBPUSD	USD
XO	CEBPGBX	USD
XO	CEBP1EUR	USD
XQ	CEBPGBX	USD
XS	CEBP1EUR	USD
XS	CEBPGBX	USD
XS	CEBPUSD	USD
XT	CEBPUSD	USD
XU	CEBPUSD	USD
XU	CEBPGBX	USD
XU	CEBP1EUR	USD
XV	CEBP1EUR	USD
XV	CEBPGBX	USD
XV	CEBPUSD	USD
XW	CEBPUSD	USD
XW	CEBPGBX	USD
XW	CEBP1EUR	USD
XX	CEBP1EUR	USD
XX	CEBPGBX	USD
XX	CEBPUSD	USD
XZ	CEBPGBX	USD

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-20 · the fund's own published holdings.

#	Company	Weight
1	ASML HOLDING NV	9.2%
2	SIEMENS N AG	3.0%
3	BANCO SANTANDER SA	2.6%
4	ALLIANZ	2.3%
5	SCHNEIDER ELECTRIC	2.2%
6	SAP	2.1%
7	TOTALENERGIES	1.9%
8	SIEMENS ENERGY N AG	1.9%
9	BANCO BILBAO VIZCAYA ARGENTARIA SA	1.9%
10	IBERDROLA SA	1.9%
11	AIRBUS GROUP	1.8%
12	SAFRAN SA	1.8%
13	LVMH	1.8%
14	LAIR LIQUIDE SOCIETE ANONYME POUR	1.7%
15	UNICREDIT	1.6%
16	BNP PARIBAS SA	1.5%
17	INFINEON TECHNOLOGIES AG	1.5%
18	LOREAL SA	1.3%
19	DEUTSCHE TELEKOM N AG	1.3%
20	INTESA SANPAOLO	1.3%
21	ING GROEP NV	1.2%
22	SANOFI SA	1.2%
23	ENEL	1.1%
24	AXA SA	1.0%
25	MUENCHENER RUECKVERSICHERUNGS-GESE	0.9%
26	ANHEUSER-BUSCH INBEV SA	0.9%
27	INDUSTRIA DE DISENO TEXTIL SA	0.9%
28	DEUTSCHE BANK AG	0.9%
29	VINCI SA	0.9%
30	NOKIA	0.8%
31	RHEINMETALL AG	0.8%
32	NORDEA BANK	0.8%
33	ESSILORLUXOTTICA SA	0.8%
34	DEUTSCHE POST AG	0.8%
35	ARGENX	0.7%
36	BAYER AG	0.7%
37	PROSUS NV CLASS N	0.7%
38	SOCIETE GENERALE SA	0.7%
39	ENGIE SA	0.7%
40	DEUTSCHE BOERSE AG	0.7%
41	DANONE SA	0.7%
42	ASM INTERNATIONAL NV	0.7%
43	CAIXABANK SA	0.7%
44	E.ON N	0.6%
45	BASF N	0.6%
46	HERMES INTERNATIONAL	0.6%
47	FERRARI NV	0.6%
48	PRYSMIAN	0.6%
49	BLK ICS EUR LIQ FUND AGEN ACC T0	0.6%
50	STMICROELECTRONICS NV	0.6%
51	NEBIUS NV CLASS A	0.6%
52	ENI	0.5%
53	RWE AG	0.5%
54	ERSTE GROUP BANK AG	0.5%
55	LEGRAND SA	0.5%
56	COMPAGNIE DE SAINT GOBAIN SA	0.5%
57	ASSICURAZIONI GENERALI	0.5%
58	MERCEDES-BENZ GROUP N AG	0.5%
59	KONINKLIJKE AHOLD DELHAIZE NV	0.5%
60	UCB SA	0.5%
61	ADIDAS N AG	0.4%
62	ORANGE SA	0.4%
63	FERROVIAL NV	0.4%
64	KBC GROEP	0.4%
65	COMMERZBANK AG	0.4%
66	ARCELORMITTAL SA	0.4%
67	REPSOL SA	0.4%
68	ABN AMRO BANK NV	0.4%
69	ADYEN NV	0.3%
70	HEIDELBERG MATERIALS AG	0.3%
71	EUR CASH	0.3%
72	AMADEUS IT GROUP SA	0.3%
73	THALES SA	0.3%
74	SAMPO CLASS A	0.3%
75	VEOLIA ENVIRON. SA	0.3%
76	BPER BANCA	0.3%
77	ACS ACTIVIDADES DE CONSTRUCCION Y	0.3%
78	MICHELIN	0.3%
79	LEONARDO FINMECCANICA SPA	0.3%
80	HEINEKEN NV	0.3%
81	AERCAP HOLDINGS NV	0.3%
82	BANCA MONTE DEI PASCHI DI SIENA SP	0.3%
83	AENA SME SA	0.3%
84	MTU AERO ENGINES HOLDING AG	0.3%
85	DAIMLER TRUCK HOLDING E AG	0.3%
86	AIB GROUP PLC	0.3%
87	NN GROUP NV	0.3%
88	PUBLICIS GROUPE SA	0.3%
89	BMW AG	0.3%
90	UNIVERSAL MUSIC GROUP NV	0.3%
91	KONINKLIJKE PHILIPS NV	0.3%
92	COCA COLA EUROPACIFIC PARTNERS PLC	0.3%
93	MERCK	0.3%
94	BE SEMICONDUCTOR INDUSTRIES NV	0.3%
95	FRESENIUS SE AND CO KGAA	0.3%
96	BANCO BPM	0.3%
97	KERING SA	0.3%
98	KONE	0.2%
99	BANK OF IRELAND GROUP PLC	0.2%
100	VONOVIA SE	0.2%
101	KONINKLIJKE KPN NV	0.2%
102	CREDIT AGRICOLE SA	0.2%
103	WARTSILA	0.2%
104	BANCO DE SABADELL	0.2%
105	VOLKSWAGEN NON-VOTING PREF AG	0.2%
106	HANNOVER RUECK	0.2%
107	TERNA RETE ELETTRICA NAZIONALE	0.2%
108	CAPGEMINI	0.2%
109	FINECOBANK BANCA FINECO	0.2%
110	TELECOM ITALIA	0.2%
111	DSM FIRMENICH AG	0.2%
112	EDP ENERGIAS DE PORTUGAL SA	0.2%
113	POSTE ITALIANE	0.2%
114	KERRY GROUP PLC	0.2%
115	BAWAG GROUP AG	0.2%
116	WOLTERS KLUWER NV	0.2%
117	TELEFONICA SA	0.2%
118	SNAM	0.2%
119	KINGSPAN GROUP PLC	0.2%
120	DASSAULT SYSTEMES	0.2%
121	CELLNEX TELECOM	0.2%
122	ENDESA SA	0.2%
123	UPM-KYMMENE	0.2%
124	PERNOD RICARD SA	0.2%
125	SIEMENS HEALTHINEERS AG	0.2%
126	NESTE	0.2%
127	SYMRISE AG	0.2%
128	RYANAIR HOLDINGS PLC	0.2%
129	UNIBAIL RODAMCO WE STAPLED UNITS	0.2%
130	EURONEXT NV	0.2%
131	HENKEL & KGAA PREF AG	0.2%
132	MONCLER	0.2%
133	NATURGY ENERGY GROUP SA	0.2%
134	ASR NEDERLAND NV	0.2%
135	BOUYGUES SA	0.2%
136	AGEAS SA	0.2%
138	STELLANTIS NV	0.2%
139	METSO CORPORATION	0.1%
140	BANKINTER SA	0.1%
141	UNIPOL ASSICURAZIONI SPA	0.1%
142	AEGON LTD	0.1%
143	AKZO NOBEL NV	0.1%
144	ACCOR SA	0.1%
145	CARREFOUR SA	0.1%
146	GEA GROUP AG	0.1%
147	FORTUM	0.1%
148	BUREAU VERITAS SA	0.1%
149	EIFFAGE SA	0.1%
150	BANCO COMERCIAL PORTUGUES SA	0.1%
151	REXEL SA	0.1%
152	OMV AG	0.1%
153	HEINEKEN HOLDING NV	0.1%
154	CONTINENTAL AG	0.1%
155	FRESENIUS MEDICAL CARE AG	0.1%
156	MAGNUM ICE CREAM NV	0.1%
157	TENARIS SA	0.1%
158	ABIVAX SA	0.1%
159	EUROFINS SCIENTIFIC	0.1%
160	KLEPIERRE REIT SA	0.1%
161	ORION CLASS B	0.1%
162	GALP ENERGIA SGPS SA CLASS B	0.1%
163	RAIFFEISEN BANK INTERNATIONAL AG	0.1%
164	KNORR BREMSE AG	0.1%
165	HOCHTIEF AG	0.1%
166	HENKEL AG	0.1%
167	BEIERSDORF AG	0.1%
168	TALANX AG	0.1%
169	QIAGEN NV	0.1%
170	ACCIONA SA	0.1%
171	INTERNATIONAL AIRLINES GROUP SA	0.1%
172	DELIVERY HERO	0.1%
173	BRENNTAG	0.1%
174	EXOR NV	0.1%
175	ITALGAS	0.1%
176	IPSEN SA	0.1%
177	GROUPE BRUXELLES LAMBERT NV	0.1%
178	DEUTSCHE LUFTHANSA AG	0.1%
179	ELIA GROUP SA	0.1%
180	RECORDATI INDUSTRIA CHIMICA E FARM	0.1%
181	DASSAULT AVIATION SA	0.1%
182	ZALANDO	0.1%
183	SARTORIUS PREF AG	0.1%
184	AMUNDI SA	0.1%
185	ALSTOM SA	0.1%
186	KESKO CLASS B	0.1%
187	DR ING HC F PORSCHE PRF AG	0.1%
188	GETLINK	0.1%
189	REDEIA CORPORACION SA	0.1%
190	SARTORIUS STEDIM BIOTECH SA	0.1%
191	SCOUT24 N	0.1%
192	STORA ENSO CLASS R	0.1%
193	ELISA	0.1%
194	LOTUS BAKERIES NV	0.1%
195	HENSOLDT AG	0.1%
196	BANCA MEDIOLANUM	0.1%
197	CASH COLLATERAL EUR MSIFT	0.1%
198	EDP RENEWABLES SA	0.1%
199	JERONIMO MARTINS SA	0.1%
200	RENAULT SA	0.1%
201	SYENSQO NV	0.1%
202	SODEXO SA	0.1%
203	MAPFRE SA	0.1%
204	FINANCIERE DE TUBIZE SA	0.1%
205	PORSCHE AUTOMOBIL HOLDING PREF	0.1%
206	VERBUND AG	0.1%
207	AYVENS SA	0.1%
208	INDRA SISTEMAS SA	0.1%
209	DIETEREN (D) SA	0.1%
210	EVONIK INDUSTRIES AG	0.1%
211	SOFINA SA	0.1%
212	AEROPORTS DE PARIS SA	0.1%
213	INPOST SA	0.1%
214	RATIONAL AG	0.1%
215	CTS EVENTIM AG	0.1%
216	BUZZI	0.1%
217	DAVIDE CAMPARI MILANO NV	0.1%
218	NEMETSCHEK	0.1%
219	GECINA SA	0.1%
220	CVC CAPITAL PARTNERS PLC	0.0%
221	COVIVIO SA	0.0%
222	BOLLORE	0.0%
223	BIOMERIEUX SA	0.0%
224	DERECHOS IBERDROLA S.A. SA	0.0%
225	CSG CLASS A NV	0.0%
226	USD CASH	0.0%
227	EUR/USD	0.0%
228	GBP CASH	0.0%
229	DERECHOS ACTIVIDADES DE CONSTRUCCI	0.0%
230	EURO STOXX 50 SEP 26	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 22% of similar ETFs💰 All-in cost cheaper than 0%📈 Higher 1-yr return than 67%📈 Higher 3-yr return than 67%📊 Beat its category by 5.4% (1-yr) (category average +16.8%)📊 Beat its category by 2.0% (3-yr) (category average +16.2%)

Versus the Equity (stocks) · Eurozone · USD ETFs we track.

Advanced risk

0.74

Sortino (3y) ?

1.23

Calmar (3y) ?

18.3%

Downside deviation ?

82%

Up months (hit rate) ?

$15.10

52-week high ?

$11.93

52-week low ?

Concentration depth

~55 ?

Effective number of holdings

Roughly 230 companies are held, but the largest names carry most of the weight — so it behaves like ~55 equal-sized positions.

Tilt vs a world tracker

United States-72.1

France+25.2

Germany+22.5

Netherlands+15.5

Technology-13.0

Spain+10.2

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Estimated fund flows

−€6.3M

Estimated net flow, last month

Estimated from fund-size changes.

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Eurozone stocks

Compare side by side

6 similar funds

	iShares MSCI EMU USD Hedged UCITS ETF (Acc)iSharesYou're viewing	UBS Core MSCI EMU UCITS ETF hGBP disUBSSame index	UBS Core MSCI EMU UCITS ETF hGBP accUBSSame index	iShares Core MSCI EMU UCITS ETFiSharesSame index	UBS Core MSCI EMU UCITS ETF hCHF accUBSSame index	iShares Core MSCI EMU UCITS ETFiSharesSame index	iShares Core MSCI EMU UCITS ETFiSharesSame index
Why it's similar	This is the fund on this page.	Same indexPhysicalCheaper fee	Same indexAccumulatingPhysicalCheaper fee	Same indexPhysicalCheaper fee	Same indexAccumulatingPhysicalCheaper fee	Same indexAccumulatingPhysicalCheaper fee	Same indexPhysicalCheaper fee
Index tracked	MSCI EMU	MSCI EMU	MSCI EMU	MSCI EMU	MSCI EMU	MSCI Emu	MSCI Emu
Yearly fee (TER)	0.38%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
All-in cost	0.38%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%
Fund size	€260.2M	€8.9B	€8.9B	€8.8B	€8.2B	€7.9B	€7.9B
Domicile	Ireland	LU	LU	Ireland	LU	Ireland	Ireland
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+18.2%	+16.8%	+20.2%	+14.3%	+15.2%	+19.9%	+15.2%
5-yr return p.a.		+9.2%	+12.3%	+9.5%	+8.7%	+10.6%	+8.6%
# holdings	230	10	10	230	10	230	230

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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