36B7.DE vs. EUNL.DE
36B7.DE (iShares Global Corp Bond UCITS ETF EUR Hedged (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - 36B7.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged), while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, 36B7.DE returned -1.12%/yr vs 12.27%/yr for EUNL.DE. At a 0.19 correlation, their price movements are largely independent. 36B7.DE charges 0.25%/yr vs 0.20%/yr for EUNL.DE.
Performance
36B7.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B7.DE achieves a 0.24% return, which is significantly lower than EUNL.DE's 12.51% return.
36B7.DE
- 1D
- 0.00%
- 1M
- 0.72%
- 6M
- 0.48%
- YTD
- 0.24%
- 1Y
- 2.17%
- 3Y*
- 3.77%
- 5Y*
- -1.12%
- 10Y*
- —
EUNL.DE
- 1D
- 0.37%
- 1M
- 1.51%
- 6M
- 12.63%
- YTD
- 12.51%
- 1Y
- 24.23%
- 3Y*
- 17.52%
- 5Y*
- 12.27%
- 10Y*
- 13.01%
36B7.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 0.24% | 4.83% | 1.72% | 6.08% | -16.05% | -1.91% | 4.95% | 4.77% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 10.01% |
Correlation
The correlation between 36B7.DE and EUNL.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.19 |
The correlation between 36B7.DE and EUNL.DE shifts across timeframes, from 0.19 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
36B7.DE vs. EUNL.DE — Risk / Return Rank
36B7.DE
EUNL.DE
36B7.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.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.
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.
| 36B7.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.39 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.88 | -3.11 |
| Martin ratioReturn relative to average drawdown | 2.26 | 15.65 | -13.39 |
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Drawdowns
36B7.DE vs. EUNL.DE - Drawdown Comparison
The maximum 36B7.DE drawdown since its inception was -21.83%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for 36B7.DE and EUNL.DE.
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Drawdown Indicators
| 36B7.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -33.63% | +11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -6.22% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -21.73% | +17.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -21.73% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -6.97% | -0.10% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -4.21% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.54% | -0.59% |
Volatility
36B7.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) is 0.91%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 3.21%. This indicates that 36B7.DE experiences smaller price fluctuations and is considered to be less risky 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
| 36B7.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 3.21% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 7.97% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 11.33% | -7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 14.19% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 15.11% | -8.64% |
36B7.DE vs. EUNL.DE - Expense Ratio Comparison
36B7.DE has a 0.25% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36B7.DE vs. EUNL.DE - Dividend Comparison
36B7.DE's dividend yield for the trailing twelve months is around 4.08%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 4.08% | 4.01% | 3.87% | 3.23% | 2.71% | 2.07% | 1.19% | 0.94% |
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
36B7.DE and EUNL.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for 36B7.DE.
36B7.DE is categorized as Global Corporate Bonds, while EUNL.DE is Global Equities. 36B7.DE tracks Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged), while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.25% for 36B7.DE and 0.20% for EUNL.DE.
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