EUN1.DE vs. USD=X
EUN1.DE (iShares STOXX Europe 50 UCITS ETF) is Europe Equities fund tracking the STOXX® Europe 50, while USD=X (USD Cash) is a currency. Over the past 10 years, EUN1.DE returned 9.47%/yr vs -0.38%/yr for USD=X. At a correlation of -0.01, they often move in opposite directions.
Performance
EUN1.DE vs. USD=X - Performance Comparison
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Different Trading Currencies
EUN1.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUN1.DE achieves a 11.04% return, which is significantly higher than USD=X's 2.97% return. Over the past 10 years, EUN1.DE has outperformed USD=X with an annualized return of 9.47%, while USD=X has yielded a comparatively lower -0.38% annualized return.
EUN1.DE
- 1D
- -0.25%
- 1M
- 0.86%
- 6M
- 8.09%
- YTD
- 11.04%
- 1Y
- 22.34%
- 3Y*
- 13.22%
- 5Y*
- 11.71%
- 10Y*
- 9.47%
- ALL TIME*
- 5.10%
USD=X
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 2.78%
- YTD
- 2.97%
- 1Y
- 2.50%
- 3Y*
- -0.83%
- 5Y*
- 0.63%
- 10Y*
- -0.38%
- ALL TIME*
- 1.17%
EUN1.DE vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 11.04% | 17.86% | 7.43% | 14.83% | -1.86% | 26.00% | -6.67% | 28.44% | -10.43% | 9.14% |
USD=X USD Cash | 2.97% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -12.29% |
Correlation
The correlation between EUN1.DE and USD=X is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2007 | -0.01 |
The correlation between EUN1.DE and USD=X shifts across timeframes, from -0.14 (1 year) to 0.02 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN1.DE vs. USD=X — Risk / Return Rank
EUN1.DE
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUN1.DE vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUN1.DE) and USD Cash (USD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUN1.DE | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.08 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.57 | +1.75 |
| Martin ratioReturn relative to average drawdown | 8.54 | 1.30 | +7.24 |
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Drawdowns
EUN1.DE vs. USD=X - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -57.52%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for EUN1.DE and USD=X.
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Drawdown Indicators
| EUN1.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.52% | -20.32% | -37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -5.33% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.39% | -15.23% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.39% | -20.32% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | -20.32% | -12.18% |
Current DrawdownCurrent decline from peak | -1.94% | -15.88% | +13.94% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -9.38% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.77% | +0.84% |
Volatility
EUN1.DE vs. USD=X - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (EUN1.DE) has a higher volatility of 3.00% compared to USD Cash (USD=X) at 1.08%. This indicates that EUN1.DE's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN1.DE | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 1.08% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 4.62% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 5.30% | +8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 6.42% | +7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 6.14% | +8.80% |
Frequently Asked Questions
EUN1.DE and USD=X have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EUN1.DE and USD=X
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