EDMJ.DE vs. EUNL.DE
EDMJ.DE (iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EDMJ.DE is a Japan Equities fund tracking the MSCI Japan 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, EDMJ.DE returned 9.20%/yr vs 12.89%/yr for EUNL.DE. A 0.68 correlation means they provide meaningful diversification when combined. EDMJ.DE charges 0.15%/yr vs 0.20%/yr for EUNL.DE.
Performance
EDMJ.DE vs. EUNL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EDMJ.DE achieves a 16.26% return, which is significantly higher than EUNL.DE's 10.86% return.
EDMJ.DE
- 1D
- -0.37%
- 1M
- 5.26%
- YTD
- 16.26%
- 6M
- 16.64%
- 1Y
- 31.02%
- 3Y*
- 14.20%
- 5Y*
- 9.20%
- 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%
EDMJ.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDMJ.DE iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc | 16.26% | 12.89% | 10.91% | 15.92% | -13.20% | 9.60% | 5.87% | 12.14% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 11.45% |
Correlation
The correlation between EDMJ.DE and EUNL.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2019 | 0.68 |
The correlation between EDMJ.DE and EUNL.DE has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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
EDMJ.DE vs. EUNL.DE — Risk / Return Rank
EDMJ.DE
EUNL.DE
EDMJ.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.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.
| EDMJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.64 | -0.73 |
| Martin ratioReturn relative to average drawdown | 9.83 | 14.52 | -4.69 |
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
| EDMJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.12 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.90 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.82 | -0.28 |
Drawdowns
EDMJ.DE vs. EUNL.DE - Drawdown Comparison
The maximum EDMJ.DE drawdown since its inception was -27.95%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EDMJ.DE and EUNL.DE.
Loading charts...
Drawdown Indicators
| EDMJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.95% | -33.63% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -6.50% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -21.73% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | -21.73% | +1.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.31% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -4.25% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.64% | +1.51% |
Volatility
EDMJ.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.DE) has a higher volatility of 3.60% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that EDMJ.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.
Loading charts...
Volatility by Period
| EDMJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.62% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.23% | 7.72% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 11.16% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 14.17% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 15.17% | +2.35% |
EDMJ.DE vs. EUNL.DE - Expense Ratio Comparison
EDMJ.DE has a 0.15% 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
EDMJ.DE vs. EUNL.DE - Dividend Comparison
Neither EDMJ.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
EDMJ.DE and EUNL.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDMJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDMJ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNL.DE.
EDMJ.DE is categorized as Japan Equities, while EUNL.DE is Global Equities. EDMJ.DE tracks MSCI Japan ESG Enhanced Focus, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.15% for EDMJ.DE and 0.20% for EUNL.DE.
Find the right allocation for EDMJ.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