EUN0.DE vs. SXR8.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EUN0.DE is a Europe Equities fund tracking the MSCI Europe Minimum Volatility, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUN0.DE returned 6.66%/yr vs 14.95%/yr for SXR8.DE. A 0.65 correlation means they provide meaningful diversification when combined. EUN0.DE charges 0.25%/yr vs 0.07%/yr for SXR8.DE.
Performance
EUN0.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 5.60% return, which is significantly lower than SXR8.DE's 11.37% return. Over the past 10 years, EUN0.DE has underperformed SXR8.DE with an annualized return of 6.66%, while SXR8.DE has yielded a comparatively higher 14.95% annualized return.
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
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%
EUN0.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
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% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between EUN0.DE and SXR8.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.65 |
Over the past year, the correlation between EUN0.DE and SXR8.DE has dropped to 0.34 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
EUN0.DE vs. SXR8.DE — Risk / Return Rank
EUN0.DE
SXR8.DE
EUN0.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| EUN0.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.41 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.58 | -2.82 |
| Martin ratioReturn relative to average drawdown | 1.97 | 12.71 | -10.74 |
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
| EUN0.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.21 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.96 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.92 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.79 | -0.16 |
Drawdowns
EUN0.DE vs. SXR8.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for EUN0.DE and SXR8.DE.
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Drawdown Indicators
| EUN0.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -33.78% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -7.13% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -23.32% | +12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -23.32% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -33.78% | +3.10% |
Current DrawdownCurrent decline from peak | -3.12% | -0.45% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.17% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.01% | +0.75% |
Volatility
EUN0.DE vs. SXR8.DE - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) has a higher volatility of 3.03% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that EUN0.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN0.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.65% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 7.57% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 11.56% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 15.16% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 16.09% | -3.58% |
EUN0.DE vs. SXR8.DE - Expense Ratio Comparison
EUN0.DE has a 0.25% 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
EUN0.DE vs. SXR8.DE - Dividend Comparison
Neither EUN0.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
EUN0.DE and SXR8.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for EUN0.DE.
EUN0.DE is categorized as Europe Equities, while SXR8.DE is S&P 500. EUN0.DE tracks MSCI Europe Minimum Volatility, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.25% for EUN0.DE and 0.07% for SXR8.DE.
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