EUNK.DE vs. SLMC.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and SLMC.DE (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - EUNK.DE tracks the MSCI Europe while SLMC.DE tracks the MSCI Europe ESG Screened. Both are passively managed. Over the past 5 years, EUNK.DE returned 9.96%/yr vs 9.56%/yr for SLMC.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.
Performance
EUNK.DE vs. SLMC.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EUNK.DE having a 7.32% return and SLMC.DE slightly lower at 7.14%.
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
SLMC.DE
- 1D
- 0.66%
- 1M
- 1.35%
- YTD
- 7.14%
- 6M
- 9.76%
- 1Y
- 15.36%
- 3Y*
- 13.78%
- 5Y*
- 9.56%
- 10Y*
- —
EUNK.DE vs. SLMC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -4.59% |
SLMC.DE iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) | 7.14% | 18.79% | 8.99% | 17.54% | -11.33% | 24.92% | -1.75% | 27.93% | -4.14% |
Correlation
The correlation between EUNK.DE and SLMC.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.98 |
The correlation between EUNK.DE and SLMC.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. SLMC.DE — Risk / Return Rank
EUNK.DE
SLMC.DE
EUNK.DE vs. SLMC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.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.
| EUNK.DE | SLMC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.53 | +0.16 |
| Martin ratioReturn relative to average drawdown | 6.26 | 5.72 | +0.54 |
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
| EUNK.DE | SLMC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.15 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.65 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.65 | -0.12 |
Drawdowns
EUNK.DE vs. SLMC.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, roughly equal to the maximum SLMC.DE drawdown of -34.92%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and SLMC.DE.
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Drawdown Indicators
| EUNK.DE | SLMC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -34.92% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -10.10% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -16.83% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -20.92% | +1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -1.46% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -4.88% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.71% | -0.14% |
Volatility
EUNK.DE vs. SLMC.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE) have volatilities of 4.33% and 4.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNK.DE | SLMC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.40% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 11.16% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 13.44% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 14.49% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 16.52% | -1.03% |
EUNK.DE vs. SLMC.DE - Expense Ratio Comparison
Both EUNK.DE and SLMC.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNK.DE vs. SLMC.DE - Dividend Comparison
Neither EUNK.DE nor SLMC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EUNK.DE and SLMC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE and SLMC.DE have the same expense ratio: 0.12% per year.
EUNK.DE tracks MSCI Europe, while SLMC.DE tracks MSCI Europe ESG Screened.
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