CBUQ.DE vs. EUNL.DE
CBUQ.DE (iShares MSCI ACWI SRI UCITS ETF USD Dist) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - CBUQ.DE tracks the MSCI ACWI SRI Select Reduced Fossil Fuel while EUNL.DE tracks the MSCI World Index. Both are passively managed. Over the past 3 years, CBUQ.DE returned 15.00%/yr vs 17.97%/yr for EUNL.DE. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
CBUQ.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUQ.DE achieves a 14.37% return, which is significantly higher than EUNL.DE's 11.02% return.
CBUQ.DE
- 1D
- 0.00%
- 1M
- 3.47%
- YTD
- 14.37%
- 6M
- 14.86%
- 1Y
- 24.92%
- 3Y*
- 15.00%
- 5Y*
- —
- 10Y*
- —
EUNL.DE
- 1D
- -0.55%
- 1M
- 0.80%
- YTD
- 11.02%
- 6M
- 11.36%
- 1Y
- 24.80%
- 3Y*
- 17.97%
- 5Y*
- 12.27%
- 10Y*
- 13.28%
CBUQ.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUQ.DE iShares MSCI ACWI SRI UCITS ETF USD Dist | 14.37% | 4.50% | 18.80% | 18.75% | -10.33% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 11.02% | 7.91% | 25.93% | 20.12% | -5.38% |
Correlation
The correlation between CBUQ.DE and EUNL.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2022 | 0.92 |
The correlation between CBUQ.DE and EUNL.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
CBUQ.DE vs. EUNL.DE — Risk / Return Rank
CBUQ.DE
EUNL.DE
CBUQ.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI SRI UCITS ETF USD Dist (CBUQ.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.
| CBUQ.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.97 | -0.59 |
| Martin ratioReturn relative to average drawdown | 12.54 | 16.03 | -3.49 |
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Drawdowns
CBUQ.DE vs. EUNL.DE - Drawdown Comparison
The maximum CBUQ.DE drawdown since its inception was -21.14%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CBUQ.DE and EUNL.DE.
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Drawdown Indicators
| CBUQ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -33.63% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -6.22% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -21.73% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -1.28% | -0.77% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -4.21% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.54% | +0.45% |
Volatility
CBUQ.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI ACWI SRI UCITS ETF USD Dist (CBUQ.DE) has a higher volatility of 3.88% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 3.01%. This indicates that CBUQ.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
| CBUQ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.01% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 7.91% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 11.30% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 14.19% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.88% | 15.14% | -1.26% |
CBUQ.DE vs. EUNL.DE - Expense Ratio Comparison
Both CBUQ.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
CBUQ.DE vs. EUNL.DE - Dividend Comparison
CBUQ.DE's dividend yield for the trailing twelve months is around 1.24%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBUQ.DE iShares MSCI ACWI SRI UCITS ETF USD Dist | 1.24% | 1.28% | 1.44% | 1.58% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUQ.DE and EUNL.DE have a correlation of 0.89, 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.
CBUQ.DE and EUNL.DE have the same expense ratio: 0.20% per year.
CBUQ.DE tracks MSCI ACWI SRI Select Reduced Fossil Fuel, while EUNL.DE tracks MSCI World Index.
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