EDM4.DE vs. EUNL.DE
EDM4.DE (iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EDM4.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, EDM4.DE returned 9.91%/yr vs 12.89%/yr for EUNL.DE. A 0.71 correlation means they provide meaningful diversification when combined. EDM4.DE charges 0.12%/yr vs 0.20%/yr for EUNL.DE.
Performance
EDM4.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM4.DE achieves a 8.82% return, which is significantly lower than EUNL.DE's 10.86% return.
EDM4.DE
- 1D
- 0.51%
- 1M
- 2.53%
- YTD
- 8.82%
- 6M
- 10.65%
- 1Y
- 17.25%
- 3Y*
- 15.37%
- 5Y*
- 9.91%
- 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%
EDM4.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDM4.DE iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc | 8.82% | 22.13% | 9.89% | 18.31% | -12.80% | 22.20% | 1.30% | 8.96% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 11.64% |
Correlation
The correlation between EDM4.DE and EUNL.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.71 |
The correlation between EDM4.DE and EUNL.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
EDM4.DE vs. EUNL.DE — Risk / Return Rank
EDM4.DE
EUNL.DE
EDM4.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.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.
| EDM4.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.64 | -2.03 |
| Martin ratioReturn relative to average drawdown | 5.81 | 14.52 | -8.71 |
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
| EDM4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.12 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.90 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.82 | -0.24 |
Drawdowns
EDM4.DE vs. EUNL.DE - Drawdown Comparison
The maximum EDM4.DE drawdown since its inception was -35.27%, roughly equal to the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EDM4.DE and EUNL.DE.
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Drawdown Indicators
| EDM4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -33.63% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -6.50% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -21.73% | +6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -21.73% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.31% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -4.25% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.64% | +1.36% |
Volatility
EDM4.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) has a higher volatility of 4.75% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that EDM4.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
| EDM4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.62% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 7.72% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 11.16% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 14.17% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 15.17% | +2.90% |
EDM4.DE vs. EUNL.DE - Expense Ratio Comparison
EDM4.DE has a 0.12% 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
EDM4.DE vs. EUNL.DE - Dividend Comparison
Neither EDM4.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
EDM4.DE and EUNL.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM4.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for EUNL.DE.
EDM4.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. EDM4.DE tracks MSCI EMU ESG Enhanced Focus, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.12% for EDM4.DE and 0.20% for EUNL.DE.
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