ASWC.DE vs. EUNN.DE
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past year, ASWC.DE returned 17.13% vs 30.19% for EUNN.DE. At a 0.39 correlation, their price movements are largely independent. ASWC.DE charges 0.49%/yr vs 0.12%/yr for EUNN.DE.
Performance
ASWC.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly lower than EUNN.DE's 16.53% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 8.16%
- YTD
- 13.04%
- 6M
- 14.70%
- 1Y
- 17.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 5.77%
- YTD
- 16.53%
- 6M
- 16.83%
- 1Y
- 30.19%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
ASWC.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.35% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 4.55% |
Correlation
The correlation between ASWC.DE and EUNN.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.39 |
The correlation between ASWC.DE and EUNN.DE shifts across timeframes, from 0.24 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASWC.DE vs. EUNN.DE — Risk / Return Rank
ASWC.DE
EUNN.DE
ASWC.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| ASWC.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.14 | -1.78 |
| Martin ratioReturn relative to average drawdown | 3.10 | 10.51 | -7.41 |
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
| ASWC.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.67 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.53 | +1.38 |
Drawdowns
ASWC.DE vs. EUNN.DE - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and EUNN.DE.
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Drawdown Indicators
| ASWC.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -28.55% | +15.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -9.58% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -2.83% | -0.27% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -6.85% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 2.86% | +2.65% |
Volatility
ASWC.DE vs. EUNN.DE - Volatility Comparison
HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a higher volatility of 5.89% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that ASWC.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 3.16% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 14.53% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 17.97% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 16.04% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 16.08% | +3.04% |
ASWC.DE vs. EUNN.DE - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio.
Dividends
ASWC.DE vs. EUNN.DE - Dividend Comparison
Neither ASWC.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWC.DE and EUNN.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.49% for ASWC.DE.
ASWC.DE is categorized as Aerospace & Defense, while EUNN.DE is Japan Equities. ASWC.DE tracks EQM Future of Defence Index, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.49% for ASWC.DE and 0.12% for EUNN.DE.
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