EFA vs. EUNW.DE
EFA (iShares MSCI EAFE ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - EFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 10 years, EFA returned 9.28%/yr vs 3.33%/yr for EUNW.DE. A 0.53 correlation means they provide meaningful diversification when combined. EFA charges 0.32%/yr vs 0.50%/yr for EUNW.DE.
Performance
EFA vs. EUNW.DE - Performance Comparison
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Different Trading Currencies
EFA is traded in USD, while EUNW.DE is traded in EUR. To make them comparable, the EUNW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EFA achieves a 7.13% return, which is significantly higher than EUNW.DE's -0.32% return. Over the past 10 years, EFA has outperformed EUNW.DE with an annualized return of 9.28%, while EUNW.DE has yielded a comparatively lower 3.33% annualized return.
EFA
- 1D
- 0.61%
- 1M
- -1.04%
- YTD
- 7.13%
- 6M
- 9.67%
- 1Y
- 18.74%
- 3Y*
- 15.87%
- 5Y*
- 8.03%
- 10Y*
- 9.28%
EUNW.DE
- 1D
- 0.15%
- 1M
- -1.00%
- YTD
- -0.32%
- 6M
- 1.24%
- 1Y
- 5.16%
- 3Y*
- 9.22%
- 5Y*
- 1.72%
- 10Y*
- 3.33%
EFA vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 7.13% | 31.55% | 3.49% | 18.36% | -14.39% | 11.45% | 7.60% | 22.04% | -13.82% | 25.07% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -0.32% | 18.53% | -0.16% | 14.77% | -14.36% | -5.19% | 10.94% | 7.55% | -8.06% | 19.38% |
Correlation
The correlation between EFA and EUNW.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2014 | 0.53 |
The correlation between EFA and EUNW.DE shifts across timeframes, from 0.53 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EFA vs. EUNW.DE — Risk / Return Rank
EFA
EUNW.DE
EFA vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE ETF (EFA) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.
| EFA | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.66 | +0.99 |
| Martin ratioReturn relative to average drawdown | 6.15 | 1.96 | +4.20 |
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
| EFA | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.65 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.16 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.31 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.22 | +0.08 |
Drawdowns
EFA vs. EUNW.DE - Drawdown Comparison
The maximum EFA drawdown since its inception was -61.04%, which is greater than EUNW.DE's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for EFA and EUNW.DE.
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Drawdown Indicators
| EFA | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.04% | -31.65% | -29.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -7.43% | -3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -7.55% | -6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | -31.57% | +2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.19% | -31.65% | -2.54% |
Current DrawdownCurrent decline from peak | -2.63% | -3.13% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -8.15% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.52% | +0.53% |
Volatility
EFA vs. EUNW.DE - Volatility Comparison
iShares MSCI EAFE ETF (EFA) has a higher volatility of 4.54% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 1.73%. This indicates that EFA's price experiences larger fluctuations and is considered to be riskier than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFA | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 1.73% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 5.75% | +7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 7.57% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 10.44% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 10.65% | +6.63% |
EFA vs. EUNW.DE - Expense Ratio Comparison
EFA has a 0.32% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
EFA vs. EUNW.DE - Dividend Comparison
EFA's dividend yield for the trailing twelve months is around 3.16%, less than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 3.16% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
EFA and EUNW.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFA is cheaper with a 0.32% expense ratio, compared with 0.50% for EUNW.DE.
EFA is categorized as Foreign Large Cap Equities, while EUNW.DE is European High Yield Bonds. EFA tracks MSCI EAFE Index (Net), while EUNW.DE tracks iBoxx® EUR Liquid High Yield. Their fees differ too: 0.32% for EFA and 0.50% for EUNW.DE.
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