EUNL.DE vs. CSSPX.MI
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNL.DE returned 13.12%/yr vs 15.10%/yr for CSSPX.MI. Their correlation of 0.90 suggests significant overlap in exposure. EUNL.DE charges 0.20%/yr vs 0.07%/yr for CSSPX.MI.
Performance
EUNL.DE vs. CSSPX.MI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUNL.DE having a 11.17% return and CSSPX.MI slightly higher at 11.47%. Over the past 10 years, EUNL.DE has underperformed CSSPX.MI with an annualized return of 13.12%, while CSSPX.MI has yielded a comparatively higher 15.10% annualized return.
EUNL.DE
- 1D
- 1.11%
- 1M
- 2.65%
- YTD
- 11.17%
- 6M
- 12.56%
- 1Y
- 25.26%
- 3Y*
- 17.19%
- 5Y*
- 12.67%
- 10Y*
- 13.12%
CSSPX.MI
- 1D
- 1.49%
- 1M
- 2.06%
- YTD
- 11.47%
- 6M
- 12.80%
- 1Y
- 26.64%
- 3Y*
- 18.49%
- 5Y*
- 14.55%
- 10Y*
- 15.10%
EUNL.DE vs. CSSPX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 11.17% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 11.47% | 4.27% | 33.76% | 22.03% | -14.58% | 40.89% | 7.57% | 34.27% | -1.05% | 6.71% |
Correlation
The correlation between EUNL.DE and CSSPX.MI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.90 |
The correlation between EUNL.DE and CSSPX.MI has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. CSSPX.MI — Risk / Return Rank
EUNL.DE
CSSPX.MI
EUNL.DE vs. CSSPX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI). 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.
| EUNL.DE | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.73 | +0.31 |
| Martin ratioReturn relative to average drawdown | 16.31 | 13.13 | +3.18 |
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Drawdowns
EUNL.DE vs. CSSPX.MI - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum CSSPX.MI drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and CSSPX.MI.
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Drawdown Indicators
| EUNL.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.56% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -7.14% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -23.26% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -23.26% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.56% | -0.07% |
Current DrawdownCurrent decline from peak | -0.02% | -0.31% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -4.13% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.03% | -0.49% |
Volatility
EUNL.DE vs. CSSPX.MI - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 3.14%, while iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) has a volatility of 3.40%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than CSSPX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNL.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.40% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 8.02% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 11.76% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 15.30% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 16.14% | -0.97% |
EUNL.DE vs. CSSPX.MI - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than CSSPX.MI's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNL.DE vs. CSSPX.MI - Dividend Comparison
Neither EUNL.DE nor CSSPX.MI has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, EUNL.DE and CSSPX.MI 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.
On fees, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while CSSPX.MI is S&P 500. EUNL.DE tracks MSCI World Index, while CSSPX.MI tracks S&P 500 Index. Their fees differ too: 0.20% for EUNL.DE and 0.07% for CSSPX.MI.
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