AYEP.DE vs. EUNL.DE
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - AYEP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Asia Dividend+, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, AYEP.DE returned -1.21%/yr vs 12.89%/yr for EUNL.DE. A 0.56 correlation means they provide meaningful diversification when combined. AYEP.DE charges 0.59%/yr vs 0.20%/yr for EUNL.DE.
Performance
AYEP.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEP.DE achieves a -5.35% return, which is significantly lower than EUNL.DE's 10.86% return.
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 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%
AYEP.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -7.48% | 13.37% | -16.64% | 19.27% | -2.92% |
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% | -5.02% |
Correlation
The correlation between AYEP.DE and EUNL.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.56 |
The correlation between AYEP.DE and EUNL.DE has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
AYEP.DE vs. EUNL.DE — Risk / Return Rank
AYEP.DE
EUNL.DE
AYEP.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.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.
| AYEP.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.40 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.64 | -3.28 |
| Martin ratioReturn relative to average drawdown | 1.10 | 14.52 | -13.42 |
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
| AYEP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 2.12 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.90 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.82 | -0.81 |
Drawdowns
AYEP.DE vs. EUNL.DE - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.46%, 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 AYEP.DE and EUNL.DE.
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Drawdown Indicators
| AYEP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -33.63% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -6.50% | -5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -21.73% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | -21.73% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -16.71% | -0.31% | -16.40% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -4.25% | -10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 1.64% | +2.43% |
Volatility
AYEP.DE vs. EUNL.DE - Volatility Comparison
iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) has a higher volatility of 2.79% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that AYEP.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
| AYEP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.62% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 7.72% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.16% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 14.17% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 15.17% | +0.26% |
AYEP.DE vs. EUNL.DE - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
AYEP.DE vs. EUNL.DE - Dividend Comparison
Neither AYEP.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEP.DE and EUNL.DE have a correlation of 0.50, 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 0.59% for AYEP.DE.
AYEP.DE is categorized as REIT, while EUNL.DE is Global Equities. AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.59% for AYEP.DE and 0.20% for EUNL.DE.
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