36BZ.DE vs. EUNL.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - 36BZ.DE is a China Equities fund tracking the MSCI China A Inclusion, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, 36BZ.DE returned 5.98%/yr vs 12.82%/yr for EUNL.DE. At a 0.39 correlation, their price movements are largely independent. 36BZ.DE charges 0.40%/yr vs 0.20%/yr for EUNL.DE.
Performance
36BZ.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BZ.DE achieves a 9.71% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, 36BZ.DE has underperformed EUNL.DE with an annualized return of 5.98%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
36BZ.DE
- 1D
- -0.75%
- 1M
- 0.35%
- YTD
- 9.71%
- 6M
- 11.84%
- 1Y
- 33.04%
- 3Y*
- 8.44%
- 5Y*
- -0.23%
- 10Y*
- 5.98%
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%
36BZ.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -21.26% | 13.41% | 28.50% | 37.21% | -23.49% | 14.90% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between 36BZ.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 | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.39 |
The correlation between 36BZ.DE and EUNL.DE shifts across timeframes, from 0.23 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
36BZ.DE vs. EUNL.DE — Risk / Return Rank
36BZ.DE
EUNL.DE
36BZ.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (36BZ.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.
| 36BZ.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 3.64 | +1.45 |
| Martin ratioReturn relative to average drawdown | 13.77 | 14.52 | -0.75 |
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
| 36BZ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.12 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.90 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.84 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.82 | -0.79 |
Drawdowns
36BZ.DE vs. EUNL.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and EUNL.DE.
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Drawdown Indicators
| 36BZ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -33.63% | -19.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.50% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -21.73% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -21.73% | -20.21% |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | -33.63% | -9.75% |
Current DrawdownCurrent decline from peak | -10.22% | -0.31% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -4.25% | -25.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.64% | +0.80% |
Volatility
36BZ.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI China A UCITS ETF (36BZ.DE) has a higher volatility of 5.55% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that 36BZ.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
| 36BZ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 2.62% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 7.72% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 11.16% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 14.17% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 15.17% | +6.93% |
36BZ.DE vs. EUNL.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
36BZ.DE vs. EUNL.DE - Dividend Comparison
Neither 36BZ.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
36BZ.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 0.40% for 36BZ.DE.
36BZ.DE is categorized as China Equities, while EUNL.DE is Global Equities. 36BZ.DE tracks MSCI China A Inclusion, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.40% for 36BZ.DE and 0.20% for EUNL.DE.
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