E0UA.DE vs. EUNL.DE
E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - E0UA.DE is a Money Market fund tracking the ICE 0-3 Month Euro Government Bill Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past year, E0UA.DE returned 1.93% vs 23.80% for EUNL.DE. At a 0.07 correlation, their price movements are largely independent. E0UA.DE charges 0.07%/yr vs 0.20%/yr for EUNL.DE.
Performance
E0UA.DE vs. EUNL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, E0UA.DE achieves a 0.81% return, which is significantly lower than EUNL.DE's 10.86% return.
E0UA.DE
- 1D
- -0.00%
- 1M
- 0.17%
- YTD
- 0.81%
- 6M
- 0.97%
- 1Y
- 1.93%
- 3Y*
- —
- 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%
E0UA.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 0.81% | 2.15% | 0.22% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | -1.16% |
Correlation
The correlation between E0UA.DE and EUNL.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2024 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
E0UA.DE vs. EUNL.DE — Risk / Return Rank
E0UA.DE
EUNL.DE
E0UA.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
| E0UA.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 2.36 | 1.40 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 8.87 | 3.64 | +5.22 |
| Martin ratioReturn relative to average drawdown | 30.01 | 14.52 | +15.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| E0UA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 2.12 | +1.14 |
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 | 3.87 | 0.82 | +3.05 |
Drawdowns
E0UA.DE vs. EUNL.DE - Drawdown Comparison
The maximum E0UA.DE drawdown since its inception was -0.22%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for E0UA.DE and EUNL.DE.
Loading charts...
Drawdown Indicators
| E0UA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -33.63% | +33.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -6.50% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.73% | — |
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 | -0.15% | -0.31% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -4.25% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.64% | -1.58% |
Volatility
E0UA.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) is 0.33%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that E0UA.DE experiences smaller price fluctuations and is considered to be less risky than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| E0UA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 2.62% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 7.72% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.59% | 11.16% | -10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 14.17% | -13.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.55% | 15.17% | -14.62% |
E0UA.DE vs. EUNL.DE - Expense Ratio Comparison
E0UA.DE has a 0.07% expense ratio, which is lower than EUNL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
E0UA.DE vs. EUNL.DE - Dividend Comparison
Neither E0UA.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
E0UA.DE and EUNL.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E0UA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E0UA.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EUNL.DE.
E0UA.DE is categorized as Money Market, while EUNL.DE is Global Equities. E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.07% for E0UA.DE and 0.20% for EUNL.DE.
Find the right allocation for E0UA.DE and EUNL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer