CBUY.DE vs. EUNL.DE
CBUY.DE (iShares MSCI ACWI SRI UCITS ETF USD Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - CBUY.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, CBUY.DE returned 13.96%/yr vs 17.55%/yr for EUNL.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
CBUY.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUY.DE achieves a 12.08% return, which is significantly higher than EUNL.DE's 10.86% return.
CBUY.DE
- 1D
- 0.15%
- 1M
- 3.34%
- YTD
- 12.08%
- 6M
- 12.79%
- 1Y
- 21.71%
- 3Y*
- 13.96%
- 5Y*
- —
- 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%
CBUY.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBUY.DE iShares MSCI ACWI SRI UCITS ETF USD Acc | 12.08% | 4.79% | 18.71% | 14.35% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 17.07% |
Correlation
The correlation between CBUY.DE and EUNL.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.94 |
The correlation between CBUY.DE and EUNL.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
CBUY.DE vs. EUNL.DE — Risk / Return Rank
CBUY.DE
EUNL.DE
CBUY.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 Acc (CBUY.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.
| CBUY.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.64 | -0.77 |
| Martin ratioReturn relative to average drawdown | 10.71 | 14.52 | -3.80 |
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
| CBUY.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.12 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.82 | +0.35 |
Drawdowns
CBUY.DE vs. EUNL.DE - Drawdown Comparison
The maximum CBUY.DE drawdown since its inception was -21.18%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CBUY.DE and EUNL.DE.
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Drawdown Indicators
| CBUY.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.18% | -33.63% | +12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -6.50% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -21.73% | +0.55% |
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 | -0.05% | -0.31% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -4.25% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.64% | +0.38% |
Volatility
CBUY.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI ACWI SRI UCITS ETF USD Acc (CBUY.DE) has a higher volatility of 3.83% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that CBUY.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
| CBUY.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.62% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 7.72% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 11.16% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 14.17% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 15.17% | -1.75% |
CBUY.DE vs. EUNL.DE - Expense Ratio Comparison
Both CBUY.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
CBUY.DE vs. EUNL.DE - Dividend Comparison
Neither CBUY.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, CBUY.DE and EUNL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBUY.DE and EUNL.DE have the same expense ratio: 0.20% per year.
CBUY.DE tracks MSCI ACWI SRI Select Reduced Fossil Fuel, while EUNL.DE tracks MSCI World Index.
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