EUNA.AS vs. SPY

Last updated Apr 1, 2026

Compare and contrast key facts about iShares STOXX Europe 50 UCITS ETF (EUNA.AS) and State Street SPDR S&P 500 ETF (SPY).

EUNA.AS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUNA.AS is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Apr 3, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EUNA.AS and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EUNA.AS vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 50 UCITS ETF (EUNA.AS) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

EUNA.AS vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUNA.AS iShares STOXX Europe 50 UCITS ETF	0.00%	12.22%	8.08%	15.11%	-2.25%	26.64%	-6.34%	26.46%	-9.51%	9.05%
SPY State Street SPDR S&P 500 ETF	-2.85%	3.75%	33.13%	22.39%	-13.10%	38.36%	8.58%	34.19%	-0.09%	6.75%

Different Trading Currencies

EUNA.AS is traded in EUR, while SPY is traded in USD. To make them comparable, the SPY values have been converted to EUR using the latest available exchange rates.

Returns By Period

EUNA.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: 0.00%
• 1M: -3.95%
• YTD: -2.85%
• 6M: -0.72%
• 1Y: 9.46%
• 3Y*: 15.68%
• 5Y*: 12.10%
• 10Y*: 13.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUNA.AS vs. SPY - Expense Ratio Comparison

EUNA.AS has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.

EUNA.AS

iShares STOXX Europe 50 UCITS ETF

SPY

State Street SPDR S&P 500 ETF

Return for Risk

EUNA.AS vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY

SPY Risk / Return Rank: 59
SPY Sharpe Ratio Rank: 51
SPY Sortino Ratio Rank: 56
SPY Omega Ratio Rank: 60
SPY Calmar Ratio Rank: 58
SPY Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUNA.AS vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUNA.AS) and State Street SPDR S&P 500 ETF (SPY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EUNA.AS	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Correlation

The correlation between EUNA.AS and SPY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EUNA.AS vs. SPY - Dividend Comparison

EUNA.AS's dividend yield for the trailing twelve months is around 2.24%, more than SPY's 1.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUNA.AS iShares STOXX Europe 50 UCITS ETF	2.24%	2.52%	2.68%	2.56%	2.62%	2.22%	2.42%	2.96%	3.51%	3.24%	3.29%	3.05%
SPY State Street SPDR S&P 500 ETF	1.13%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Drawdowns

Drawdown Indicators

	EUNA.AS	SPY	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	—	-5.53%	—
Average Drawdown Average peak-to-trough decline	—	-9.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	EUNA.AS	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	21.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.97%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.50%	—