EMND.DE vs. SXR8.DE
EMND.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EMND.DE is a Global Equities fund tracking the MSCI World ESG Enhanced Focus, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EMND.DE returned 11.70%/yr vs 14.77%/yr for SXR8.DE. With a 0.97 correlation, they move nearly in lockstep. EMND.DE charges 0.20%/yr vs 0.07%/yr for SXR8.DE.
Performance
EMND.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMND.DE achieves a 10.17% return, which is significantly lower than SXR8.DE's 11.37% return.
EMND.DE
- 1D
- 0.02%
- 1M
- 3.68%
- YTD
- 10.17%
- 6M
- 10.17%
- 1Y
- 21.70%
- 3Y*
- 16.08%
- 5Y*
- 11.70%
- 10Y*
- —
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
EMND.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 10.17% | 6.20% | 25.02% | 18.82% | -15.24% | 33.96% | 7.28% | 12.63% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 13.28% |
Correlation
The correlation between EMND.DE and SXR8.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.97 |
The correlation between EMND.DE and SXR8.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
EMND.DE vs. SXR8.DE — Risk / Return Rank
EMND.DE
SXR8.DE
EMND.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
| EMND.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.58 | -0.51 |
| Martin ratioReturn relative to average drawdown | 12.00 | 12.71 | -0.71 |
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
| EMND.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.21 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.96 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.79 | 0.00 |
Drawdowns
EMND.DE vs. SXR8.DE - Drawdown Comparison
The maximum EMND.DE drawdown since its inception was -33.15%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for EMND.DE and SXR8.DE.
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Drawdown Indicators
| EMND.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.15% | -33.78% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -7.13% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.24% | -23.32% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -23.32% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.45% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.17% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.01% | -0.20% |
Volatility
EMND.DE vs. SXR8.DE - Volatility Comparison
iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) have volatilities of 2.65% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMND.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.65% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 7.57% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 11.56% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 15.16% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 16.09% | +0.21% |
EMND.DE vs. SXR8.DE - Expense Ratio Comparison
EMND.DE has a 0.20% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMND.DE vs. SXR8.DE - Dividend Comparison
EMND.DE's dividend yield for the trailing twelve months is around 0.93%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 0.93% | 1.03% | 1.28% | 1.47% | 2.54% | 1.70% | 1.83% | 1.30% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, EMND.DE and SXR8.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.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EMND.DE.
EMND.DE is categorized as Global Equities, while SXR8.DE is S&P 500. EMND.DE tracks MSCI World ESG Enhanced Focus, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.20% for EMND.DE and 0.07% for SXR8.DE.
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