36B4.DE vs. EUNL.DE
36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - 36B4.DE is a Japan Equities fund tracking the MSCI Japan SRI Select Reduced Fossil Fuels, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, 36B4.DE returned 4.17%/yr vs 12.89%/yr for EUNL.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
36B4.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B4.DE achieves a 3.58% return, which is significantly lower than EUNL.DE's 10.86% return.
36B4.DE
- 1D
- -0.33%
- 1M
- 4.36%
- YTD
- 3.58%
- 6M
- 3.67%
- 1Y
- 10.86%
- 3Y*
- 5.94%
- 5Y*
- 4.17%
- 10Y*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
36B4.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 3.58% | 6.51% | 9.11% | 9.64% | -13.87% | 9.91% | 6.29% | 17.07% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 16.98% |
Correlation
The correlation between 36B4.DE and EUNL.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.65 |
The correlation between 36B4.DE and EUNL.DE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
36B4.DE vs. EUNL.DE — Risk / Return Rank
36B4.DE
EUNL.DE
36B4.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| 36B4.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 3.64 | -2.74 |
| Martin ratioReturn relative to average drawdown | 2.55 | 14.52 | -11.97 |
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
| 36B4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 2.12 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.90 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.82 | -0.46 |
Drawdowns
36B4.DE vs. EUNL.DE - Drawdown Comparison
The maximum 36B4.DE drawdown since its inception was -26.99%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for 36B4.DE and EUNL.DE.
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Drawdown Indicators
| 36B4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.99% | -33.63% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -6.50% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.74% | -21.73% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -21.73% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -1.83% | -0.31% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -4.25% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 1.64% | +2.24% |
Volatility
36B4.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) has a higher volatility of 3.69% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that 36B4.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 2.62% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 7.72% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 11.16% | +7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 14.17% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 15.17% | +2.07% |
36B4.DE vs. EUNL.DE - Expense Ratio Comparison
Both 36B4.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
36B4.DE vs. EUNL.DE - Dividend Comparison
36B4.DE's dividend yield for the trailing twelve months is around 1.41%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.41% | 1.46% | 1.38% | 1.81% | 2.44% | 1.54% | 1.61% | 0.81% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B4.DE and EUNL.DE have a correlation of 0.56, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36B4.DE and EUNL.DE have the same expense ratio: 0.20% per year.
36B4.DE is categorized as Japan Equities, while EUNL.DE is Global Equities. 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels, while EUNL.DE tracks MSCI World Index.
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