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 9.16%/yr vs -0.25%/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 7.28% return, which is significantly higher than USD=X's 1.84% return. Over the past 10 years, EUN1.DE has outperformed USD=X with an annualized return of 9.16%, while USD=X has yielded a comparatively lower -0.25% annualized return.
EUN1.DE
- 1D
- 0.78%
- 1M
- 2.62%
- YTD
- 7.28%
- 6M
- 9.74%
- 1Y
- 15.85%
- 3Y*
- 12.02%
- 5Y*
- 11.08%
- 10Y*
- 9.16%
USD=X
- 1D
- 0.00%
- 1M
- 2.18%
- YTD
- 1.84%
- 6M
- 0.90%
- 1Y
- -1.05%
- 3Y*
- -2.31%
- 5Y*
- 1.09%
- 10Y*
- -0.25%
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 | 7.28% | 17.86% | 7.29% | 14.83% | -1.88% | 26.01% | -6.66% | 28.44% | -10.45% | 9.14% |
USD=X USD Cash | 1.84% | -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 -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
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 Aug 31, 2007 | -0.01 |
The correlation between EUN1.DE and USD=X shifts across timeframes, from -0.09 (5 years) 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
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.
| EUN1.DE | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.98 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.18 | +1.87 |
| Martin ratioReturn relative to average drawdown | 5.92 | -0.39 | +6.32 |
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
| EUN1.DE | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | -0.15 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.14 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | -0.03 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.10 | +0.06 |
Drawdowns
EUN1.DE vs. USD=X - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -62.27%, 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 | -62.27% | -20.32% | -41.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -5.33% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -15.23% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -20.32% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | -20.32% | -12.18% |
Current DrawdownCurrent decline from peak | -1.72% | -16.81% | +15.09% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -9.48% | -11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 1.89% | +0.86% |
Volatility
EUN1.DE vs. USD=X - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (EUN1.DE) has a higher volatility of 4.21% compared to USD Cash (USD=X) at 1.33%. 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 | 4.21% | 1.33% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 4.59% | +6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 5.45% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 6.44% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 6.20% | +9.06% |
Frequently Asked Questions
EUN1.DE and USD=X have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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