EUNJ.DE vs. EUNL.DE
EUNJ.DE (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EUNJ.DE is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EUNJ.DE returned 7.05%/yr vs 12.82%/yr for EUNL.DE. A 0.76 correlation means they provide meaningful diversification when combined. EUNJ.DE charges 0.60%/yr vs 0.20%/yr for EUNL.DE.
Performance
EUNJ.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNJ.DE achieves a 8.50% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, EUNJ.DE has underperformed EUNL.DE with an annualized return of 7.05%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
EUNJ.DE
- 1D
- -0.88%
- 1M
- -2.02%
- YTD
- 8.50%
- 6M
- 9.74%
- 1Y
- 12.72%
- 3Y*
- 9.84%
- 5Y*
- 5.36%
- 10Y*
- 7.05%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
EUNJ.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 8.50% | 6.56% | 11.50% | 1.85% | -1.18% | 12.54% | -3.43% | 21.23% | -6.37% | 10.31% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between EUNJ.DE and EUNL.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.76 |
The correlation between EUNJ.DE and EUNL.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
EUNJ.DE vs. EUNL.DE — Risk / Return Rank
EUNJ.DE
EUNL.DE
EUNJ.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| EUNJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.64 | -1.50 |
| Martin ratioReturn relative to average drawdown | 6.18 | 14.52 | -8.34 |
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
| EUNJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 2.12 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.90 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.84 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.82 | -0.47 |
Drawdowns
EUNJ.DE vs. EUNL.DE - Drawdown Comparison
The maximum EUNJ.DE drawdown since its inception was -36.95%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EUNJ.DE and EUNL.DE.
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Drawdown Indicators
| EUNJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -33.63% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.50% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.39% | -21.73% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -21.73% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -33.63% | -3.32% |
Current DrawdownCurrent decline from peak | -2.02% | -0.31% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -4.25% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.64% | +0.49% |
Volatility
EUNJ.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) has a higher volatility of 3.04% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that EUNJ.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.62% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 7.72% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 11.16% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.17% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 15.17% | +1.37% |
EUNJ.DE vs. EUNL.DE - Expense Ratio Comparison
EUNJ.DE has a 0.60% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
EUNJ.DE vs. EUNL.DE - Dividend Comparison
EUNJ.DE's dividend yield for the trailing twelve months is around 2.46%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 2.46% | 2.95% | 3.35% | 3.56% | 3.92% | 2.79% | 2.64% | 3.52% | 3.78% | 3.41% | 3.31% | 3.34% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNJ.DE and EUNL.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for EUNJ.DE.
EUNJ.DE is categorized as Asia Pacific Equities, while EUNL.DE is Global Equities. EUNJ.DE tracks MSCI Pacific ex Japan, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.60% for EUNJ.DE and 0.20% for EUNL.DE.
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